Welcome to our dedicated page for Great Elm Group news (Ticker: GEG), a resource for investors and traders seeking the latest updates and insights on Great Elm Group stock.
Great Elm Group, Inc. (NASDAQ: GEG) is an alternative asset manager active in credit and industrial real estate, and its news flow reflects developments across these platforms. Investors following GEG news can see updates on fee-paying assets under management (FPAUM), total assets under management (AUM), and financial results for the company and its managed vehicles, including Great Elm Capital Corp. (GECC) and Monomoy Properties REIT, LLC.
Company press releases regularly cover quarterly and annual financial results, detailing revenue trends, net income or loss from continuing operations, and adjusted EBITDA. These announcements often explain how management fees, incentive fees from GECC, and real estate-related revenues contribute to Great Elm Group’s performance.
News items also describe strategic transactions and partnerships, such as the formation of Great Elm Real Estate Ventures, LLC, the acquisition of the assets of Greenfield CRE to create Monomoy Construction Services, and capital arrangements with institutional partners like Kennedy Lewis Investment Management LLC and Woodstead Value Fund, L.P. These releases provide context on how new capital, term loans, and equity investments are intended to support growth in the credit and real estate verticals.
In addition, Great Elm Group publishes updates on real estate project activity within the Monomoy platform, including build-to-suit developments, property sales, and construction milestones, as well as capital raising and distribution decisions at GECC. The company also issues notices about conference calls and webcasts for its fiscal quarters and significant transactions, giving dates, times, and access details for investors and other interested parties.
For readers tracking GEG, this news stream offers a way to follow changes in AUM, strategic partnerships, real estate initiatives, and credit performance over time. Regular news releases provide insight into how Great Elm Group is managing its alternative asset platforms and responding to market opportunities across credit and industrial real estate.
Great Elm Group (GEG) has announced the formation of Monomoy Construction Services (MCS) through the acquisition of Greenfield CRE's assets. This strategic move combines Greenfield's construction expertise with Monomoy's existing civil engineering and land planning capabilities to create an integrated industrial real estate service provider.
The transaction enhances Monomoy's ability to offer comprehensive services including project management, procurement, construction management, asset management, market analysis, and feasibility studies for industrial real estate tenants. Brandon Finomore, former President of Greenfield CRE, joins as MCS's leader, bringing over 20 years of development expertise managing projects ranging from $500,000 to $30,000,000.
As part of the deal, GEG granted 276,182 restricted shares to Finomore, vesting on the 5th anniversary of the grant date, as an employment inducement.
Great Elm Group (GEG) reported financial results for fiscal Q1 2025 ended September 30, 2024. The company saw fee-paying assets under management (FPAUM) reach $559 million and assets under management (AUM) total $782 million, representing growth of 24% and 22% respectively year-over-year. Total revenue grew 21% to $4.0 million, with net income from continuing operations at $3.0 million. The company collected $0.9 million in incentive fees from GECC and reported Adjusted EBITDA of $1.3 million. The Board doubled the stock repurchase authorization to $20 million, with approximately 2.5 million shares already repurchased for $4.6 million.
Great Elm Group (NASDAQ: GEG) reported its fiscal 2024 Q4 and full-year results. Key highlights include:
- Q4 revenue tripled to $8.9 million
- Full-year revenue doubled to $17.8 million
- Q4 net loss from continuing operations improved to ($0.6) million
- Full-year net loss from continuing operations was ($0.9) million
- Q4 Adjusted EBITDA increased to $1.2 million
- Full-year Adjusted EBITDA grew to $4.8 million
- Fee-paying AUM increased 17% year-over-year
- GECC raised over $92 million in new capital
- GEG repurchased 1.2 million shares and $4.2 million of convertible notes
The company made progress in growing its credit and real estate businesses, launching new products, and expanding its platform.
Great Elm Group, Inc. reported financial results for the fiscal third quarter ended March 31, 2024. Key highlights include raising $58.5 million in new capital, a 13% increase in fee-paying assets under management, a 47% growth in total revenue to $2.8 million, and an Adjusted EBITDA of $1.2 million. The company's net loss from continuing operations was ($2.9) million, driven by an unrealized loss on investments. Great Elm Group is focused on scaling its core credit and real estate businesses, launching new investment funds, and diversifying revenue streams.
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