Bridge Invt Group Hldgs Inc Stock Price, News & Analysis

Bridge Investment Group Holdings (NYSE: BRDG) has successfully raised $2.9 billion in equity commitments for its Bridge Debt Strategies Fund IV (BDS IV). This diversified fund focuses on originating first mortgage direct loans and investing in Freddie Mac K-Series B-Pieces, targeting underserved areas of the debt market. Chief Investment Officer James Chung highlights the fund's strong positioning in recession-resistant multifamily collateral. As of March 31, 2022, Bridge manages approximately $38.8 billion in assets across various real estate sectors.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) announced that CEO Jonathan Slager and CFO Katie Elsnab will participate in a fireside chat at the 2022 Morgan Stanley US Financials, Payments & CRE Conference on June 15 at 10:05 AM ET. A live audio webcast will be accessible on Bridge’s Investor Relations page, with a replay available after the event. As of March 31, 2022, Bridge manages approximately $38.8 billion in assets across various U.S. real estate sectors, including residential rental and logistics properties.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) announced the completion of a $150 million senior notes issuance and the refinancing of its Senior Secured Credit Facility, raising it from $75 million to $125 million. The note purchase agreement includes two tranches: $75 million maturing in 2032 at 5.00% interest and $75 million maturing in 2034 at 5.10%. The new Credit Facility has a maturity of June 3, 2024, with potential increases up to $225 million. These transactions are aimed at enhancing the company's financial flexibility for potential growth opportunities.

Bridge Investment Group Holdings reported strong first-quarter results for 2022, with total revenue reaching $104.1 million, a 78% increase from the previous year, and investment income soaring 253% to $74.8 million. Net income was $97.5 million, marking a 140% year-over-year rise. Distributable earnings also surged by 133% to $47.9 million. The company declared a quarterly dividend of $0.26 per share, payable on June 17, 2022. Bridge attributes its success to strong real estate fundamentals and robust capital-raising efforts.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) will release its Q1 2022 financial results after market close on May 9, 2022. A conference call to discuss these results is scheduled for May 10, 2022, at 8:30 am ET. Interested parties can participate by calling 1-877-405-1210 or accessing the webcast here. An audio replay will be available from approximately three hours post-call until May 24, 2022. As of December 31, 2021, Bridge managed about $36.3 billion in assets across various real estate sectors.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) reported strong financial results for Q4 2021 and the full year, with total revenue and investment income reaching $107.3 million and $148.3 million, representing increases of 50% and 87%, respectively. Net income for Q4 was $165.8 million, up from $92.5 million year-over-year, with earnings per share at $0.52. For the full year, total revenue was $330 million, a 42% increase, while net income climbed to $408.6 million. The company declared a quarterly dividend of $0.21 per share, payable on March 25, 2022.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) has unveiled a $75 million program aimed at acquiring, developing, and managing needs-based senior housing assets in the United States. This initiative is in collaboration with StepStone Real Estate, which has also invested in a current portfolio managed by Bridge. The partnership seeks to expand Bridge's strategy in the seniors housing sector, leveraging StepStone's investment capabilities. As of September 30, 2021, Bridge manages approximately $31.8 billion in assets.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) announced the retirement of Chief Financial Officer Chad Briggs, effective May 31, 2022. Katie Elsnab, the current Chief Accounting Officer, will succeed him. Executive Chairman Robert Morse praised Briggs for his contributions since 2010 and expressed confidence in Elsnab’s capabilities, citing her experience in auditing and her role in the company's IPO in 2021. Bridge manages approximately $31.8 billion in assets under management as of September 30, 2021, focusing on various U.S. real estate sectors.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) has appointed Johannes Brennecke as Director of its Client Solutions Group in Europe, effective February 1. This strategic move aims to strengthen Bridge’s presence in the region, particularly in managing client relationships across Western Europe. Dean Allara, Vice Chairman of Bridge, highlighted the significance of this appointment for expanding their clientele. Brennecke previously was Senior Vice President at Clarion Partners, focusing on capital raising in the DACH region. As of September 30, 2021, Bridge manages approximately $31.8 billion in assets.