NYSE$BRDG
Bridge Investment Group Holdings Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Bridge delivered a solid quarter despite market headwinds, aided by growth in key financial metrics.
Bridge Investment Group reported a GAAP Net Loss of $2.8 million and Distributable Earnings of $35.0 million, or $0.20 per share after-tax. The company experienced growth in fee-earning AUM and recurring management fees, providing stability during a volatile period. They declared a quarterly dividend of $0.17 per share.
- GAAP Net Loss was $2.8 million.
- Distributable Earnings were $35.0 million, or $0.20 per share after-tax.
- Fee-earning AUM grew 43% year-over-year.
- Recurring management fees increased 33% year-over-year.
Headline financials
Revenue & EPS history
Bridge · Revenue · Quarterly
$98.8M
Revenue by segment
Bridge · $94.1M total across 7 segments · Q2 2023
- Fund Management Fees$60.3M+22.1%64.1%
- Property Management & Leasing Fees$19.1M-2.5%20.3%
- Fund Administration Fees$4.3M+17.7%4.6%
- Insurance Premiums$3.49M+22.5%3.7%
- Construction Management Fees$2.9M+19.6%3.1%
- Other Asset Management & Property Income$2.65M-0.5%2.8%
- Development Fees$1.34M+68.6%1.4%
Forward guidance
No specific forward guidance was found in the provided document.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 4 quarterly earnings reports
-0.4%
Avg return
Earnings day
-3.7%
Avg return
5 days after
-5.6%
Avg return
30 days after
50%
8 / 16 earnings
Positive
+11.0%
Q3 2021
Best reaction
-16.9%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| Q2 2025 | +0.8% | +0.3% | — | |
| Q4 2024 | -3.0% | -0.9% | -5.9% | |
| Q3 2024 | -8.8% | -7.1% | -12.9% | |
| Q2 2024 | +3.4% | +5.0% | +11.6% | |
| Q1 2024 | -0.7% | +3.2% | +4.3% | |
| Q4 2023 | -16.9% | -22.5% | -25.4% | |
| Q3 2023 | +0.2% | — | — | |
| Q2 2023 | -6.0% | — | — | |
| Q1 2023 | +5.3% | — | — | |
| Q4 2022 | +4.1% | — | — | |
| Q3 2022 | -2.9% | — | — | |
| Q2 2022 | +5.8% | — | — | |
| Q1 2022 | -0.5% | — | — | |
| Q4 2021 | +2.8% | — | — | |
| Q3 2021 | +11.0% | — | — | |
| Q2 2021 | -0.5% | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro