Earnings Feed

$96 million increase in NPAs

Nonperforming assets increased by approximately $96 million during the quarter due to 8 loans with a large multifamily developer.

$1.02 per share

Non-GAAP EPS of $1.02 significantly exceeded our outlook range of $0.75 to $0.85 per share.

12.6%

The number of new originations this quarter increased 12.6% over last year's first quarter. This is the highest volume of new originations in our first quarter since fiscal year 2020.

$1.76

Sun reported core FFO per share of $1.76 for the quarter, exceeding the high end of guidance.

$1.81

Second quarter adjusted earnings per share were a record $1.81, up 19% year-over-year.