NYSE$BRDG
Bridge Investment Group Holdings Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported strong financial results for Q3 2021, marked by record capital raising and deployment across investment verticals.
Bridge Investment Group Holdings Inc. reported strong Q3 2021 results, with total revenue of $92.2 million, investment income of $84.9 million, and net income of $58.0 million. The company raised a record $1.5 billion of equity commitments and deployed a record $1.3 billion in new investments.
- Total revenue increased by 79% compared to the same period last year.
- Investment income increased by 340% compared to the same period last year.
- Net income increased by 113% year over year.
- Distributable earnings increased by 185% year over year.
Headline financials
Revenue & EPS history
Bridge · Revenue · Quarterly
$92.2M
Revenue by segment
Bridge · $92.2M total across 7 segments · Q3 2021
- Fund Management Fees$40.6M—44.0%
- Property Management & Leasing Fees$22.5M—24.4%
- Transaction Fees$21.9M—23.8%
- Insurance Premiums$2.53M—2.7%
- Construction Management Fees$2.1M—2.3%
- Other Asset Management & Property Income$1.53M—1.7%
- Development Fees$1.02M—1.1%
Forward guidance
The future looks bright for continued growth in fee revenue, with $2.1 billion of dry powder and $302 million of unrealized performance fees.
Tailwinds
- Commercial real estate fundamentals continue to be healthy and are recovering in tandem with economic growth.
- Bridge took advantage of attractive demand over the third quarter to raise a record $1.5 billion of equity commitments.
- Bridge deployed a record $1.3 billion of equity in new investments.
- Bridge accelerated the pace of investment realizations in the third quarter to take advantage of strong valuations, especially for multifamily assets.
- With $2.1 billion of dry powder and $302 million of unrealized performance fees, the future looks bright for continued growth in fee revenue.
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 | — | — | — |
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