Distributable Earnings Achieved
SUNS generated distributable earnings of $0.31 per basic weighted average share of common stock, meeting the pre-announced range.
Solid Loan Originations
During Q1 2025, the TCG Real Estate platform originated $213 million in loans, with SUNS committing $148 million and funding $110 million of new and existing loans.
Increased Analyst Coverage
SUNS now has five analysts covering the company, up from one analyst in 2024.
Strong Portfolio Position
88% of SUNS' current portfolio's outstanding principal is floating rate with a weighted average floor of 4.1%.
Potential Earnings Growth
Construction loans in SUNS' current portfolio are expected to accelerate funding over the next 6 to 18 months, benefiting future earnings.