Bridge Invt Group Hldgs Inc Stock Price, News & Analysis

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.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) is set to announce its fourth quarter and full year 2021 financial results on March 2, 2022, after market close. A conference call is scheduled for March 3, 2022, at 8:30 am ET to discuss these results. The company manages approximately $31.8 billion in assets, focusing on U.S. real estate sectors including residential rental, office, and logistics. Interested parties can access the call via phone or through a webcast.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) has successfully closed the acquisition of certain assets from Gorelick Brothers Capital, LLC (GBC), including 60% of GBC's business valued at $50 million. The acquisition is financed with 50% cash and 50% units of Bridge Investment Group Holdings LLC. Additionally, a $660 million recapitalization of a single-family rental (SFR) portfolio comprising over 2,700 homes across 14 markets was completed. The partnership aims to enhance Bridge's position in the rapidly growing SFR market.

Bridge Investment Group Holdings (NYSE: BRDG) announced promotions within its leadership team for 2022, elevating Seunghwan Lee to Senior Managing Director and recognizing nine individuals as Managing Directors. Executive Chairman Robert Morse praised the contributions of the new Managing Directors, emphasizing their potential for guiding the firm's future. The promotions reflect Bridge's continuing growth and commitment to excellence in real estate investment management, with approximately $31.8 billion in assets under management as of September 30, 2021.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) announced its acquisition of 60% of Gorelick Brothers Capital (GBC) for $50 million. This includes a portfolio of single-family homes and a majority of GBC's asset management business. The deal aims to capitalize on the single-family rental market, expected to close in Q1 2022, pending approvals. Bridge plans to jointly own a new SFR investment manager with GBC, enhancing its residential investment strategy amidst a U.S. housing shortage.

Bridge Investment Group Holdings (NYSE: BRDG) has partnered with The Townsend Group to establish a joint venture aiming to deploy up to $400 million in equity for acquiring, developing, and operating logistics assets in the U.S. This collaboration marks a crucial step in Bridge's logistics strategy, as expressed by CEO Jay Cornforth. Townsend, a seasoned investor in logistics with $7.9 billion invested since 2015, recognizes Bridge's capability in executing this market strategy effectively. The combined expertise positions them favorably in the evolving logistics landscape.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) reported strong financial results for Q3 2021, with total revenue of $92.2 million, marking a 79% increase year-over-year. Investment income soared by 340% to $84.9 million. Net income applicable to the Operating Company rose 113% to $58.0 million. Distributable earnings reached $42.4 million, up 185%. The company raised a record $1.5 billion in equity commitments, supported by a healthy commercial real estate market. A quarterly dividend of $0.24 was declared, payable on December 17, 2021.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) will announce its third quarter 2021 financial results after market close on November 11, 2021. A conference call to discuss the results is scheduled for November 12, 2021, at 8:30 am ET. Interested participants can join via phone or live webcast. As of June 30, 2021, Bridge managed approximately $28.7 billion in assets across various U.S. real estate verticals, illustrating its diversified investment approach.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) reported strong financial results for Q2 2021, with Total Revenue of $72.0 million and Investment Income of $79.9 million. The Net Income applicable to the Operating Company was $83.2 million, and Distributable Earnings reached $55.7 million. Following its IPO on July 20, 2021, the company emphasized growth potential in the logistics sector and reported new highs in fee-paying AUM and distributable earnings. Bridge holds approximately $28.7 billion in assets under management, focusing on U.S. real estate verticals.