COMP <GO>

SUNS vs BHR // ALTMAN Z-SCORE & DEBT/EQUITY

Sunrise Realty Trust Inc. (NASDAQ) VS. Braemar Hotels & Resorts Inc. (NYSE) • 15-METRIC TALLY: SUNS 3 — BHR 2

■ METRIC PARITY

LAST: $6.59 (-3.37%) • MKT CAP: $89.1M

balance-sheet

—

LAST: $1.32 (-0.75%) • MKT CAP: $90.7M

balance-sheet

—

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SUNS VS. BHR) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	SUNS	BHR	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	6.70%	85.00%	-78.30	BHR	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	-3.85%	—	—	TIE	/fcf-yield <GO>
Operating Margin	—	10.30%	—	TIE	/operating-margins <GO>
Net Profit Margin	56.30%	-3.20%	+59.50	SUNS	/net-margins <GO>
Revenue Growth (YoY)	103.00%	-3.30%	+106.30	SUNS	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity ACTIVE	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	3/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	40.3	31.7	+8.62	SUNS	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	6.1x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$89.1M	$90.7M	-$1.6M	BHR	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	SUNS REV	BHR REV	SUNS GROSS %	BHR GROSS %	SUNS FCF	BHR FCF
FY 2025	$21.6M	$704.0M	—	—	-$3.4M	$40.8M
FY 2024	$10.6M	$728.4M	—	—	$1.6M	$66.8M
FY 2023	—	$739.3M	—	—	—	$84.7M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

SUNS // BETA —

BHR // BETA —