Latest Ratios: P/E Ratio 8.7x · EV/EBITDA 13.4x · ROE 8.2%. (2023–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Market Cap | $112M | $120M | $96M | — |
| Enterprise Value | $228M | $236M | $110M | — |
| P/E Ratio → | 8.74 | 9.93 | 14.08 | — |
| P/S Ratio | 4.25 | 4.57 | 9.06 | — |
| P/B Ratio | 0.58 | 0.66 | 0.84 | — |
| P/FCF | — | — | 58.67 | — |
| P/OCF | — | — | 58.67 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| EV / Revenue | — | 8.95 | 10.39 | — |
| EV / EBITDA | 13.44 | 13.93 | 16.08 | — |
| EV / EBIT | 13.44 | 13.93 | 16.08 | — |
| EV / FCF | — | — | 67.33 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Gross Margin | 90.7% | 90.7% | 92.3% | 100.0% |
| Operating Margin | 64.2% | 64.2% | 64.6% | 95.9% |
| Net Profit Margin | 46.0% | 46.0% | 64.6% | 95.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | 8.2% | 8.2% | 9.4% | 2.3% |
| ROA | 3.9% | 3.9% | 3.9% | 2.3% |
| ROIC | 6.0% | 6.0% | 8.0% | — |
| ROCE | 5.4% | 5.4% | 6.0% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | 0.67 | 0.67 | 1.74 | — |
| Debt / EBITDA | 7.20 | 7.20 | 28.95 | — |
| Net Debt / Equity | — | 0.64 | 0.12 | -1.00 |
| Net Debt / EBITDA | 6.82 | 6.82 | 2.07 | -44.39 |
| Debt / FCF | — | — | 8.66 | -127.73 |
| Interest Coverage | 3.53 | 3.53 | 31.76 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | — | — | 1.56 | — |
| Quick Ratio | — | — | 1.56 | — |
| Cash Ratio | — | — | 0.91 | — |
| Asset Turnover | — | 0.09 | 0.03 | 0.02 |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Dividend Yield | 14.2% | 12.5% | 1.5% | — |
| Payout Ratio | 123.7% | 123.7% | 21.2% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | 11.4% | 10.1% | 7.1% | — |
| FCF Yield | — | — | 1.7% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 14.2% | 12.5% | 1.5% | — |
| Shares Outstanding | — | $13M | $7M | $20M |
Development cycle cash volatility
As reported in financial statements, SUNS trades at a P/E of 8.86, which appears to undervalue the company's 148% revenue growth trajectory by applying a standard REIT valuation framework that fails to account for the firm's unique, development-heavy, and asset-light business model.
The absence of a stable P/FFO multiple suggests the market struggles to categorize SUNS, likely viewing it as a venture-stage entity rather than a stabilized income vehicle. Investors should monitor whether the current valuation gap narrows as the company transitions from project-based development fees to more predictable, recurring rental income streams.
Based on the company's reported figures, NOI margins reached 84.1% in 2026Q1, a level that significantly exceeds traditional residential REIT benchmarks and suggests that SUNS effectively offloads property-level operating expenses to its landowner partners through a specialized, service-oriented management structure that minimizes direct overhead costs for the trust.
This margin profile is characteristic of a professional services firm rather than a traditional landlord, implying that profitability is highly sensitive to the volume of new project starts. Any shift toward direct asset ownership would likely lead to significant margin compression as the company absorbs property-level maintenance and utility costs.
According to recent financial filings, the dividend payout ratio relative to AFFO has fluctuated between 92.9% and 116.2%, indicating that the current distribution policy leaves almost no margin for error and relies heavily on the timing of project-based cash inflows to sustain shareholder payouts.
The high payout ratio suggests that the dividend is currently supported by non-recurring development gains rather than stabilized rental cash flow. Investors should monitor whether the company can maintain this yield without diluting equity or increasing leverage to fund future distributions.
While the reported 0.67% debt-to-equity ratio appears exceptionally conservative, financial statements suggest that this figure may obscure project-level financing held in special purpose vehicles, which could expose the trust to significant interest rate risk if the underlying development projects face construction delays or cost overruns.
The rise in D/E from 0.23 in 2025Q1 to 0.76 in 2026Q1 suggests an increasing reliance on debt to fuel expansion. This trend warrants further investigation into whether the company is shifting its risk profile toward higher leverage to maintain its aggressive growth targets.
The most commonly misapplied metric for SUNS is the standard P/E ratio, which obscures the company's true operational performance by including non-cash fair value adjustments on investment properties that are standard under IFRS but do not reflect actual cash generation.
Analysts should instead prioritize FFO and AFFO to strip out these non-cash distortions and better assess the company's ability to fund dividends and growth. Relying on P/E in a development-heavy REIT context may lead to a fundamental misunderstanding of the company's cash-generating capacity and long-term sustainability.
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Quick answers to the most common questions about buying SUNS stock.
Sunrise Realty Trust, Inc.'s current P/E ratio is 8.7x. The historical average is 12.0x.
Sunrise Realty Trust, Inc.'s current EV/EBITDA is 13.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.0x.
Sunrise Realty Trust, Inc.'s return on equity (ROE) is 8.2%. The historical average is 6.6%.
Based on historical data, Sunrise Realty Trust, Inc. is trading at a P/E of 8.7x. Compare with industry peers and growth rates for a complete picture.
Sunrise Realty Trust, Inc.'s current dividend yield is 14.17% with a payout ratio of 123.7%.
Sunrise Realty Trust, Inc. has 90.7% gross margin and 64.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Sunrise Realty Trust, Inc.'s Debt/EBITDA ratio is 7.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.