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Manhattan Bridge Capital, Inc. reports developments in a real estate finance business that originates short-term, secured, non-bank loans to real estate investors. Its lending supports acquisition, renovation, rehabilitation and improvement of residential or commercial properties in the New York metropolitan area, including New Jersey and Connecticut, and in Florida.
Company updates commonly address interest income and origination fees from secured real estate loans, loan receivable levels, borrowing costs under credit facilities, and net income. Recurring capital-return items include quarterly cash dividends and board-authorized common stock repurchases.
Manhattan Bridge Capital (NASDAQ:LOAN) reported its Q2 2025 financial results, showing mixed performance. The company's total revenues decreased by 3.6% to $2.36 million in Q2 2025, down from $2.44 million in Q2 2024. Despite lower revenues, quarterly net income slightly increased to $1.41 million ($0.12 per share).
For the first half of 2025, total revenues declined 7.7% to $4.63 million, with net income decreasing by 3.4% to $2.79 million ($0.24 per share). The company's core business of secured commercial real estate loans saw reduced interest income due to slower loan closings and extended loan terms, attributed to the current high interest rate environment.
Manhattan Bridge Capital (NASDAQ: LOAN) has announced its upcoming quarterly dividend payment. The company will distribute a cash dividend of $0.115 per share to shareholders of record on July 8, 2025. The payment is scheduled for July 15, 2025. This dividend distribution follows the board's approval declared on April 17, 2025.
Manhattan Bridge Capital (NASDAQ: LOAN) reported Q1 2025 financial results with net income of $1.37 million ($0.12 per share), down 7.0% from $1.48 million ($0.13 per share) in Q1 2024. Total revenues decreased 11.6% to $2.27 million from $2.57 million year-over-year.
The revenue decline was primarily due to lower interest income from reduced loans receivable. Interest income from secured commercial loans was $1.83 million compared to $2.14 million in Q1 2024, while origination fees were $440,000 versus $431,000. The company's total shareholders' equity stood at $43.33 million as of March 31, 2025.
Management noted that despite initial optimism in the real estate investor community, delays in interest rate reductions and global economic uncertainty have raised concerns about immediate market recovery. The company maintains its position through low leverage and strict underwriting practices.
Manhattan Bridge Capital (NASDAQ: LOAN) has announced a quarterly dividend of $0.115 per share. The dividend will be distributed to shareholders of record on July 8, 2025, with the payment date set for July 15, 2025.
Manhattan Bridge Capital (NASDAQ: LOAN) has announced its quarterly dividend payment details. The company will distribute a cash dividend of $0.115 per share to shareholders of record on April 8, 2025. The dividend payment is scheduled for April 15, 2025. This dividend distribution follows the board's approval declared on February 6, 2025.
Manhattan Bridge Capital (NASDAQ: LOAN) reported its 2024 financial results, showing a 2.1% increase in net income to $5.59 million ($0.49 per share) compared to $5.48 million ($0.48 per share) in 2023. Total revenue decreased by 1.1% to $9.69 million, primarily due to reduced loan originations and lower receivables.
Interest income from secured real estate loans increased to $8.05 million (2023: $7.98 million), while origination fees decreased to $1.64 million (2023: $1.82 million). Operating costs decreased by 5.5% to $4.12 million, mainly due to reduced borrowing costs and lower officer bonuses.
Total shareholders' equity grew to $43.27 million by December 31, 2024, up from $42.93 million in 2023. The company faced challenges from high interest rates affecting borrowers' liquidity and narrowing spreads between hard money and conventional bank lending rates.
Manhattan Bridge Capital (NASDAQ: LOAN) has announced its board of directors' declaration of a quarterly dividend of $0.115 per share. The dividend will be distributed to shareholders of record on April 8, 2025, with the payment scheduled for April 15, 2025.
Manhattan Bridge Capital (NASDAQ: LOAN) has announced a quarterly dividend of $0.115 per share. The dividend will be distributed to shareholders of record as of December 31, 2024, with the payment scheduled for January 15, 2025.
Manhattan Bridge Capital (NASDAQ: LOAN) reported Q3 2024 financial results with net income of $1,399,000 ($0.12 per share), down 3.3% from $1,446,000 ($0.13 per share) in Q3 2023. Total revenues decreased 5% to $2,313,000, primarily due to reduced loans receivable and slower loan originations, partially offset by higher interest rates. For the nine months ended September 30, 2024, net income increased 3.8% to $4,285,000 ($0.37 per share), with total revenues up 1.4% to $7,330,000. The company noted that a recent 0.5% interest rate reduction has renewed optimism among real estate investors after a slowdown in Q3.
Manhattan Bridge Capital (NASDAQ: LOAN) has announced the payment of its quarterly cash dividend. The company will distribute $0.115 per share to shareholders of record as of October 8, 2024. The dividend payment is scheduled for October 15, 2024. This dividend distribution aligns with the board's decision made on July 29, 2024, demonstrating the company's commitment to providing regular returns to its shareholders.