Bridge Investment Group Holdings Inc. Reports Second Quarter 2024 Results
2024年8月7日 - 5:15AM
ビジネスワイヤ(英語)
Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or
the “Company”) today reported its financial results for the quarter
ended June 30, 2024.
Net Income (Loss) was $27.5 million for the quarter ended
June 30, 2024. On a basic and diluted basis, net loss attributable
to Bridge per share of Class A common stock was $(0.11) for the
quarter ended June 30, 2024.
Distributable Earnings of Bridge Investment Group
Holdings LLC (the “Operating Company”) were $35.5 million, or $0.19
per share after-tax, for the quarter ended June 30, 2024. Fee
Related Earnings to the Operating Company were $35.9 million for
the quarter ended June 30, 2024.
Robert Morse, Bridge’s Executive Chairman, stated “Bridge
reported improved financial results, with Total Revenue increasing
2% from last quarter, Fee Related Earnings to the Operating Company
increasing 6% and Distributable Earnings increasing 10%. Looking
ahead, we believe our differentiated model as a specialized,
integrated owner/operator positions Bridge to deliver leading
performance across carefully selected sectors spanning real estate,
credit, infrastructure and secondaries, all of which should see
strong upside in the coming quarters.”
Jonathan Slager, Bridge’s Chief Executive Officer, added “We
continue to see clear signals that commercial real estate values
have bottomed: the debt markets and the cost of capital have
improved notably and volumes are recovering. We believe that we are
poised for a broader improvement in volumes and valuations given
recent interest rate declines and the prospect of Fed interest rate
cuts before the end of the year. Bridge is well positioned for
success in this environment, and we are excited for the
future.”
Common Dividend
Bridge declared a quarterly dividend of $0.13 per share of its
Class A common stock, payable on September 13, 2024 to its Class A
common stockholders of record at the close of business on August
30, 2024.
Additional Information
Bridge Investment Group Holdings Inc. issued a full detailed
presentation of its second quarter 2024 results, which can be
viewed on the Investors section of our website at www.bridgeig.com.
The presentation is titled “Second Quarter 2024 Earnings
Presentation.”
Conference Call and Webcast Information
The Company will host a conference call on August 7, 2024 at
8:30 a.m. ET to discuss its second quarter 2024 results. Interested
parties may access the conference call live over the phone by
dialing 1-877-405-1210 (domestic) or 1-201-689-8721 (international)
and requesting Bridge Investment Group Holdings Inc.’s Second
Quarter 2024 Earnings Conference Call. Participants are asked to
dial in a few minutes prior to the call to register for the event.
The event will also be available live via webcast which can be
accessed here or from our Investor Relations website
https://ir.bridgeig.com.
An audio replay of the conference call will be available
approximately three hours after the conference call until 11:59
p.m. ET on August 21, 2024 and can be accessed by dialing
1-877-660-6853 (domestic) or 1-201-612-7415 (international), and
providing the passcode 13747687.
About Bridge Investment Group
Bridge is a leading alternative investment manager, diversified
across specialized asset classes, with approximately $48.9 billion
of assets under management as of June 30, 2024. Bridge combines its
nationwide operating platform with dedicated teams of investment
professionals focused on select U.S. verticals across real estate,
credit, renewable energy and secondaries strategies.
Forward-Looking Statements
This earnings release contains certain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, which relate to future events or our future
performance or financial condition. All statements other than
statements of historical facts may be forward-looking statements.
In some cases, you can identify forward-looking statements by terms
such as “outlook,” “could,” “believes,” “expects,” “potential,”
“opportunity,” “continues,” “may,” “will,” “should,” “over time,”
“seeks,” “predicts,” “intends,” “plans,” “estimates,”
“anticipates,” “foresees” or negative versions of those words,
other comparable words or other statements that do not relate to
historical or factual matters. Accordingly, we caution you that any
such forward-looking statements are based on our beliefs,
assumptions and expectations as of the date made, taking into
account all information available to us at that time. These
statements are not guarantees of future performance, conditions or
results and involve a number of risks and uncertainties that are
difficult to predict and beyond our control. Actual results may
differ materially from those express or implied in the
forward-looking statements as a result of a number of factors,
including but not limited to those risks described from time to
time in our filings with the Securities and Exchange Commission.
Any forward-looking statement speaks only as of the date on which
it is made. Bridge undertakes no duty to publicly update any
forward-looking statements made herein or on the webcast/conference
call or otherwise, whether as a result of new information, future
developments or otherwise, except as required by law.
Nothing in this press release constitutes an offer to sell or
solicitation of an offer to buy any securities of the Company or
any investment fund managed by the Company or its affiliates.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240806921522/en/
Shareholder Relations: Bonni Rosen Bridge Investment
Group Holdings Inc. shareholderrelations@bridgeig.com
Media: Charlotte Morse Bridge Investment Group Holdings
Inc. (877) 866-4540 charlotte.morse@bridgeig.com
Bridge Investment (NYSE:BRDG)
過去 株価チャート
から 8 2024 まで 9 2024
Bridge Investment (NYSE:BRDG)
過去 株価チャート
から 9 2023 まで 9 2024