NYSE$BRDG
Bridge Investment Group Holdings Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Third quarter results were reported with resilient performance amid market volatility.
Bridge Investment Group reported a GAAP Net Loss of $17.9 million for Q3 2023. Distributable Earnings of the Operating Company were $40.8 million, or $0.22 per share after-tax. The company declared a quarterly dividend of $0.17 per share of Class A common stock.
- Recurring fund management fees grew 20% year-over-year.
- Diversification within real estate, credit and secondaries provided stability.
- $3.6 billion of dry powder positions the company for future opportunities.
- Sale of Bridge Multifamily Fund III portfolio to Bridge Multifamily CV LP for approximately $550 million.
Headline financials
Revenue & EPS history
Bridge · Revenue · Quarterly
$126M
Revenue by segment
Bridge · $96.6M total across 7 segments · Q3 2023
- Fund Management Fees$61.5M-4.1%63.6%
- Property Management & Leasing Fees$19.5M+3.8%20.2%
- Insurance Premiums$4.65M+37.4%4.8%
- Fund Administration Fees$4.36M+14.5%4.5%
- Other Asset Management & Property Income$3.29M-25.5%3.4%
- Construction Management Fees$3.09M-9.6%3.2%
- Development Fees$247K-74.9%0.3%
Forward guidance
Management expressed confidence in the company's diversified exposure and $3.6 billion of dry powder for future opportunities.
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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