Bridge Invt Group Hldgs Inc Stock Price, News & Analysis

Bridge Logistics Properties (NYSE: BRDG) has acquired a three-building, 332,793-square-foot Class A industrial portfolio in Fontana, California for $83.5 million. The portfolio consists of three newly constructed distribution facilities: 14074 Rancho Court (100,039 SF), 14019 Rose Avenue (57,654 SF), and 14928 Washington Drive (175,100 SF).

The properties are fully leased with a weighted average lease term of over two years and feature modern specifications including 32-foot clear heights and ESFR sprinkler systems. Located in the Inland Empire West, the portfolio offers strategic access to major transportation routes and serves a population of 15 million within a 50-mile radius. This acquisition expands BLP's national portfolio to 16.3 million square feet.

Invesco Commercial Real Estate Finance Trust (INCREF) has provided $354.6 million in financing to Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group (NYSE: BRDG), for refinancing an industrial portfolio. The portfolio consists of 24 properties totaling 2.45 million square feet across six states including California, Washington, Texas, New Jersey, New York, and Florida. The loan represents a sub-70% loan-to-value ratio and is secured by well-leased, cash-flowing infill industrial properties. This transaction brings INCREF's portfolio to 61 similar loans with over $3.6 billion in loan commitments across the US and Europe, demonstrating their focus on high-quality, income-generating loans in liquid markets.

Bridge Investment Group Holdings reported challenging Q1 2025 financial results, posting a net loss of $37.6 million. The company recorded a loss of $0.37 per share of Class A common stock. Despite the overall loss, Bridge achieved Fee Related Earnings of $24.6 million and Distributable Earnings of $17.0 million ($0.09 per share after-tax). Notably, Bridge did not declare a quarterly dividend for Q1 2025. The company mentioned its pending merger agreement with Apollo Global Management, indicating it will pay a final dividend related to tax distributions before the merger closes. Due to the pending Apollo transaction, Bridge will not hold a Q1 2025 earnings conference call.

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.