NYSE$BRDG
Bridge Investment Group Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported strong fundraising inflows and AUM growth.
Bridge Investment Group Holdings Inc. reported net income of $32.2 million for the third quarter ended September 30, 2022. Distributable Earnings of the Operating Company was $49.8 million, or $0.29 per share after-tax. The company's AUM increased 38% year over year to $43.8 billion.
- Fundraising inflows reached $1.3 billion, driven by residential rental strategies.
- Assets under management increased 38% year over year to $43.8 billion.
- Completed final closing of Workforce and Affordable Housing Fund II, raising $1.74 billion.
- Declared a quarterly dividend of $0.27 per share of Class A common stock.
Headline financials
Revenue & EPS history
Bridge · Revenue · Quarterly
$110M
Revenue by segment
Bridge · $98.9M total across 7 segments · Q3 2022
- Fund Management Fees$64.1M+58.0%64.8%
- Property Management & Leasing Fees$18.8M-16.5%19.0%
- Other Asset Management & Property Income$4.41M+187.9%4.5%
- Fund Administration Fees$3.81M—3.9%
- Construction Management Fees$3.41M+62.8%3.5%
- Insurance Premiums$3.39M+33.9%3.4%
- Development Fees$986K-3.1%1.0%
Forward guidance
The company did not provide specific forward guidance in this report.
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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