Bridge Invt Group Hldgs Inc Stock Price, News & Analysis

Bridge Investment Group Holdings (NYSE: BRDG) has released its financial results for Q4 and full year 2024. The company reported a net income of $15.4 million for Q4 and $16.7 million for the full year. Fee Related Earnings to the Operating Company reached $34.4 million in Q4 and $136.6 million for the year.

The company's Q4 Distributable Earnings were $32.6 million ($0.18 per share after-tax), while full-year Distributable Earnings totaled $128.4 million ($0.69 per share after-tax). Net income per Class A share showed a loss of $(0.15) in Q4 but a gain of $0.13 for the full year.

Bridge declared a quarterly dividend of $0.11 per share of Class A common stock, payable on March 28, 2025, to stockholders of record as of March 14, 2025.

Bridge Investment Group (NYSE: BRDG) has scheduled its fourth quarter and full year 2024 earnings release for Monday, February 24, 2025, after market close. The company will host a conference call to discuss the results on Tuesday, February 25, 2025, at 9:30 am ET.

Investors can access the conference call by dialing 1-877-405-1210 (domestic) or 1-201-689-8721 (international). The call will also be available via webcast through the company's Investor Relations website. An audio replay will be accessible until March 11, 2025, by dialing 1-877-660-6853 (domestic) or 1-201-612-7415 (international) with passcode 13751589.

Bridge Investment Group (NYSE: BRDG) has announced key promotions for 2025, including the elevation of Jared Forsgren to Senior Managing Director. As Chief Compliance Officer, Forsgren has been recognized for his significant contributions to Bridge's growth.

Additionally, the company has promoted seven individuals to Managing Director positions: Jared Carpenter and Chenlong Lu (Bridge Multifamily Fund Managers), Mac Dobbins (Bridge Net Lease Fund Manager), Kevin Donlin (Bridge Renewable Energy Fund Manager), Eric Guja (Newbury Partners), Elaine Lu (Bridge Investment Group), and Colby Wilson (Bridge Multifamily Fund Manager).

Bridge Investment Group (NYSE: BRDG) has announced strategic hires to expand its wholesaling efforts and distribution of investment solutions to the wealth channel. The company has appointed Mick Manning, who joined in September, along with Brian S. Rivera and Dawn Impellizzeri to enhance regional coverage.

Manning, with over 30 years of experience, previously served as Managing Director at Forum Investment Group. Rivera, bringing nearly 30 years of experience, will cover the Western United States, while Impellizzeri, also with 30+ years in financial services, will focus on the Upper Midwest region. Both Rivera and Impellizzeri join from Sealy Investment Securities.

Bridge Investment Group (NYSE: BRDG) demonstrated strong ESG performance in the 2024 GRESB Real Estate Assessment, participating with six vehicles across Workforce and Affordable Housing, Multifamily Housing, Seniors Housing, and Logistics Properties strategies. Five recurring reporting vehicles showed significant improvements with 14-24% point increases from the previous year. All vehicles earned at least two Green Stars, with one achieving three Stars, and scored nearly perfect (29.78/30) in the management section. The assessment, which included 2,223 portfolios representing $7 trillion in gross asset value across 80 markets, reflects Bridge's commitment to sustainability transparency and operational efficiency.

Bridge Investment Group Holdings (NYSE: BRDG) reported its Q3 2024 financial results with net income of $10.6 million. The company achieved Fee Related Earnings of $32.4 million and Distributable Earnings of $28.2 million, or $0.15 per share after-tax. Net income per Class A share was $0.11 basic and $0.04 diluted. Bridge declared a quarterly dividend of $0.10 per Class A share, payable December 20, 2024. Management expressed optimism about improving commercial real estate conditions, citing strengthening debt markets, early recovery signs in volumes and valuations, and favorable supply/demand dynamics.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) has announced the schedule for its third quarter 2024 financial results release and conference call. The company will release its financial results after market close on Wednesday, November 6, 2024. A conference call to discuss the results will be held the following morning, Thursday, November 7, 2024, at 9:30 am ET.

Interested parties can access the call by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international) and requesting Bridge Investment Group Holdings Inc.'s Third Quarter 2024 Earnings Conference Call with conference ID 4102109. The call will also be available via webcast on the company's Investor Relations website. An audio replay will be accessible until November 21, 2024, by dialing 1-877-660-6853 (domestic) or 1-201-612-7415 (international) with passcode 13749641.

iCapital and Bridge Investment Group (NYSE: BRDG) have announced an enhancement to Bridge's Investor Portal, powered by iCapital's technology. The new Investment Dashboard feature allows investors to access interactive and comprehensive performance reporting for both closed-end and open-ended funds.

Key features of the Investment Dashboard include:

• Portfolio performance across accounts, holdings, and asset classes
• Key performance indicators, charts, and cash flow details
• Secure and user-friendly online platform
• Access to account information and governing documents

This enhancement is available to all Bridge fund investors, both institutional and wealth management. The collaboration aims to provide greater transparency and insight into alternative investments, addressing the growing demand for a digital-first experience in private market investing.