Bridge Investment Group Holdings

Bridge Investment Group Holdings, Inc. operates as a real estate investment firm. The firm combines its nationwide operating platform with investment professionals focused on select US real estate verticals: multifamily, affordable housing, seniors housing, office, development, logistics net lease, logistics properties, debt strategies and agency mortgage-backed securities. The company was founded in 2009 and is headquartered in Salt Lake City, UT.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Bridge Investment Group Holdings reports strong Q4 performance and growth outlook

Bridge Investment Group Holdings (BRDG) showcased resilience in financial performance amid challenges, emphasizing strategic acquisitions and property management integration.
The company's focus on growth, optimization, and partnerships positions it well for opportunities in the real estate market and alternative asset management.
Despite market challenges, Bridge remains optimistic about deploying capital, expanding teams, and exploring new product extensions post Newbury acquisition.
The earnings call highlighted a strong performance foundation, strategic decisions, and growth prospects through synergistic collaborations and market optimism.

Bridge Investment Group reports Q1 resilience and growth opportunities

Bridge Investment Group's Q1 2023 performance showcased resilience amidst market challenges, with a focus on strategic investments and fee growth.
The company's strengths lie in sector optimism, specialized teams, and the potential of the Newbury partnership to enhance offerings.
While facing challenges in capital raising and fund manager profitability, Bridge Investment Group is poised to capitalize on opportunities in attractively priced assets and market demand.

Bridge Investment Group Holdings reports solid earnings, eyes real estate expansion

Bridge Investment Group Holdings (BRDG) showcased strong distributable earnings amidst a net loss in Q2 2023. The company's focus on U.S. real estate sectors and plans for expansion present opportunities for growth. However, challenges in fundraising trends and fee impacts require strategic management.

Bridge Investment Group reports mixed Q3 results, optimistic on real estate

Bridge Investment Group Holdings faced challenges in capital raising amid market volatility but managed to raise significant funds. The company remains optimistic about the U.S. real estate market and sees opportunities in various sectors.

Bridge Investment Group reports resilient performance and growth opportunities

Bridge Investment Group Holdings navigated challenges in Q4 2023 with a focus on resilient performance and growth opportunities in 2024. Despite sector-specific challenges, the company's strong fundamentals in multifamily and strategic investments position it well for future success. Managing dividend payouts to strengthen the balance sheet while distributing reasonable amounts is a key strategy.

Bridge Investment Group Holdings reports mixed Q1 results, eyes growth opportunities

Bridge Investment Group Holdings navigated Q1 2024 with a mix of challenges and strengths. Despite a GAAP net loss, the company showed resilience with increased distributable earnings and a focus on growth strategies. Addressing concerns around fundraising and performance fees presents avenues for improvement and strategic decision-making.

Bridge Investment Group Holdings reports strong Q3 earnings and eyes growth opportunities in real estate

Bridge Investment Group Holdings demonstrated solid financial performance in Q3 2024, with a focus on expanding investment capabilities and seizing growth opportunities. While facing challenges such as compensation expenses and insurance losses, the company remains optimistic about the real estate market's resurgence and future prospects. Strategic capital deployment and positive market outlook position Bridge well for continued success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

SALT LAKE CITY--(BUSINESS WIRE)--Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge”) today announced that Bridge Multifamily Fund III has agreed to sell a portfolio of real estate assets to Bridge Multifamily CV LP (the “Continuation Fund”) in a transaction valued at approximately $550 million, including equity raised by the Continuation Fund to support further investment in the portfolio of real estate assets. The Continuation Fund provides additional time and capital to further inve.

Bridge Investment Group Announces Successful Closing of $550 Million Recapitalization of Assets From Bridge Multifamily Fund III Into a Continuation Fund

Broadstone Net Lease

BGC Partners

BGC, BRDG and BNL have been added to the Zacks Rank #5 (Strong Sell) List on July 14, 2023.

New Strong Sell Stocks for July 14th

SALT LAKE CITY--(BUSINESS WIRE)--Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge”) today announced that it will release its second quarter 2023 financial results after the close of the market on Monday, August 7, 2023. Management will host a conference call the morning after the release on Tuesday, August 8, 2023 at 8:30 am ET to discuss the results. Interested parties may access the conference call live over the phone by dialing 1-877-405-1210 (domestic) or 1-201-689-8721 (internat.

Bridge Investment Group Announces Date of Second Quarter 2023 Earnings Release and Conference Call

Integra LifeSciences Holdings

Ingevity

NGVT, IART and BRDG have been added to the Zacks Rank #5 (Strong Sell) List on June 29, 2023.

New Strong Sell Stocks for June 29th

SALT LAKE CITY--(BUSINESS WIRE)--Bridge Logistics Value Fund II GP LLC, an affiliate of Bridge Investment Group Holdings Inc. (NYSE: BRDG), and The Townsend Group (“Townsend”) announced today a definitive agreement forming a joint venture to deploy $147 million of equity, with the option for upsizing to $200 million, to acquire, develop, and operate global gateway logistics assets in the United States. This partnership follows the successful first joint venture announced in December 2021, in wh.

Bridge Investment Group and the Townsend Group Announce Second Global Gateway Insitutional Logistics Venture

Bridge Investment Group Holdings Inc is a high-quality stock trading at a deep discount due to lingering fear and pessimism over the impact of monetary tightening on the real estate sector. BRDG's disciplined execution of strategies and recent developments should drive growth in assets under management, which has been underappreciated by the market. We initiate coverage of BRDG with a "Strong Buy" rating.

Bridge Investment: This Deeply Discounted Stock Could Be Our Next Big Winner

SALT LAKE CITY--(BUSINESS WIRE)--Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge”) today announced that Robert Morse, Executive Chairman, and Katie Elsnab, Chief Financial Officer, are scheduled to present at the 2023 Morgan Stanley US Financials, Payments & CRE Conference on Wednesday, June 14 at 1:00 PM ET. A live audio webcast of the presentation will be available on Bridge's Investor Relations page at https://ir.bridgeig.com/news-events/ir-calendar. For those unable to liste.

Bridge Investment Group to Present at the 2023 Morgan Stanley US Financials, Payments & CRE Conference

SALT LAKE CITY--(BUSINESS WIRE)--Bridge Net Lease announced that it has acquired two off-market manufacturing and distribution assets located in Hazleton, PA, totaling 283,450 square feet. The assets, located at the intersection of two critical interstate highways, are 100% leased on 15-year absolute net leases with two additional 5-year options. The mission critical assets serve as the tenant's sole US manufacturing and distribution facilities. The transaction was brokered by the CBRE National.

Bridge Net Lease, a Subsidiary of Bridge Investment Group, Acquires Manufacturing and Distribution Assets in Pennsylvania

AngioDynamics

FlexShopper

ANGO, FPAY and BRDG have been added to the Zacks Rank #5 (Strong Sell) List on May 18, 2023.

New Strong Sell Stocks for May 18th

Bridge Investment Group Holdings Inc. (NYSE:BRDG ) Q1 2023 Earnings Conference Call May 9, 2023 9:30 AM ET Company Participants Bonni Rosen - Head, Shareholder Relations Robert Morse - Executive Chairman Jonathan Slager - Chief Executive Officer Katie Elsnab - Chief Financial Officer Conference Call Participants Michael Cyprys - Morgan Stanley Alex Bernstein - JPMorgan Bill Katz - Credit Suisse Operator Greetings. And welcome to the Bridge Investments Group First Quarter 2023 Earnings Call and Webcast.

Bridge Investment Group Holdings Inc. (BRDG) Q1 2023 Earnings Call Transcript

Bridge Investment Group Holdings Inc. (BRDG) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.28 per share a year ago.

Bridge Investment Group Holdings Inc. (BRDG) Q1 Earnings and Revenues Beat Estimates

SALT LAKE CITY--(BUSINESS WIRE)--Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today reported its financial results for the quarter ended March 31, 2023. Net Income (Loss) was $(67.4) million for the quarter ended March 31, 2023. On a basic and diluted basis, net income (loss) attributable to Bridge per share of Class A common stock was $0.03 and $(0.13), respectively. Distributable Earnings of Bridge Investment Group Holdings LLC (the “Operating Company”) were.

Bridge Investment Group Holdings Inc. Reports First Quarter 2023 Results

Camden National

Akerna Corp

KERN, BRDG and CAC have been added to the Zacks Rank #5 (Strong Sell) List on April 28, 2023.

New Strong Sell Stocks for April 28th

SALT LAKE CITY--(BUSINESS WIRE)--Bridge Net Lease announced that it has acquired an off-market manufacturing asset located in Modesto, CA, totaling 148,000 square feet. The asset, located in a large agricultural region and featuring heavy power and covered outdoor storage, is 100% leased for nearly 10 years on a net lease to a single tenant with a long operating history at the property. The transaction was brokered by the Central Valley Industrial Team of Colliers International led by Mike Gold.

Bridge Net Lease, a Subsidiary of Bridge Investment Group, Acquires Manufacturing Asset in California and Distribution Asset in Illinois

SALT LAKE CITY--(BUSINESS WIRE)--Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge”) today announced that it will release its first quarter 2023 financial results after the close of the market on Monday, May 8, 2023. Management will host a conference call the morning after the release on Tuesday, May 9, 2023 at 9:30 am ET to discuss the results.

Bridge Investment Group Announces Date of First Quarter 2023 Earnings Release and Conference Call

SALT LAKE CITY--(BUSINESS WIRE)--Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced it has completed its previously announced $320.1 million cash acquisition of substantially all of the business of Newbury Partners LLC (“Newbury”), an investment manager that specializes in acquiring limited partnership interests in private equity funds through secondary transactions.

Bridge Investment Group Completes Acquisition of Newbury Partners to Capitalize on Growing Secondaries Opportunity

Bridge Investment Group Holdings Inc (NYSE:BRDG ) Q4 2022 Results Conference Call February 14, 2023 8:30 AM ET Company Participants Bonni Rosen - Head of Shareholder Relations Katherine Elsnab - CFO Robert Morse - Executive Chairman Jonathan Slager - CEO & Director Christopher Jaroch - Newbury Partners LLC, Partner Richard Lichter - Newbury Equity Partners, Founder, MD and Managing Partner Conference Call Participants Michael Cyprys - Morgan Stanley Ken Worthington - JPMorgan Sumeet Mody - Piper Sandler Adam Beatty - UBS Operator Greetings, and welcome to the Bridge Investment Group Fourth Quarter 2022 Earnings and Acquisition of Newbury Partners Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Bridge Investment Group Holdings Inc (BRDG) Q4 2022 Earnings Call Transcript

Bridge Investment Group Holdings Inc. (BRDG) delivered earnings and revenue surprises of 0% and 0.65%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Bridge Investment Group Holdings Inc. (BRDG) Q4 Earnings Meet Estimates

SALT LAKE CITY, Utah--(BUSINESS WIRE)--Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today reported its financial results for the fourth quarter and year ended December 31, 2022. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. On a basic and diluted basis, net (loss) income attributable to Bridge per share of Class A common stock was $(0.04) and $0.92, respectively.

Bridge Investment Group Holdings Inc. Reports Fourth Quarter and Full Year 2022 Results

SALT LAKE CITY--(BUSINESS WIRE)--Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced it has entered into a definitive agreement to acquire substantially all of the business of Newbury Partners LLC (“Newbury”), an investment manager that specializes in acquiring limited partnership interests in private equity funds through secondary transactions. The all-cash transaction is valued at $320.1 million.

Bridge Investment Group to Acquire the Business of Newbury Partners, Diversifying Bridge's Product Offerings and Client Base with Leading PE Secondaries Platform

SALT LAKE CITY--( BUSINESS WIRE )--Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced the close of Bridge Multifamily Fund V (“Multifamily Fund V” or the “Fund”) with $2.26 billion in equity commitments, the largest dedicated multifamily fund ever raised.

Bridge Investment Group Raises $2.26 Billion for Bridge Multifamily V, Largest Dedicated Multifamily Fund

SALT LAKE CITY--( BUSINESS WIRE )--Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge”) announced today their 2023 promotions to Senior Managing Director and Managing Director.

Bridge Investment Group Announces Managing Director, Senior Managing Director Promotions

SALT LAKE CITY--( BUSINESS WIRE )--Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced Adam Haughton has been named Chief Investment Officer of Bridge Renewable Energy, effective December 12, 2022.

Bridge Investment Group Announces Adam Haughton as Chief Investment Officer of Bridge Renewable Energy

SALT LAKE CITY--( BUSINESS WIRE )--Bridge Net Lease announced that it has acquired a Class-A manufacturing and distribution asset located in the Port St. Lucie submarket of South Florida, totaling 411,852 square feet. The asset is 100% leased on a long-term net lease to TAMCO, a division of City Electric Supply Company, one of the largest electric supply wholesalers in the US. The asset was constructed in 2020 and features 40' clear heights and cross-dock configuration, and includes additional land for potential future expansion. The transaction was brokered by the capital markets team of Jones Lang LaSalle, lead by Jason DeWitt.

Bridge Net Lease, a Subsidiary of Bridge Investment Group, Acquires Manufacturing and Distribution Asset in Florida

Bridge Investment Group shares have declined nearly 50% year-to-date as investors shun real estate-related and particularly real estate private equity stocks. Unlike Blackstone's B-REIT which offers monthly redemptions, the vast majority of Bridge's investor capital is locked up for years.

News for Bridge Investment Group Holdings Stock (BRDG)