NYSE$BRDG
Bridge Investment Group Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported financial results for the fourth quarter and year ended December 31, 2022.
Bridge Investment Group Holdings Inc. reported a GAAP Net Income of $18.2 million for the quarter and $272.4 million for the year ended December 31, 2022. Distributable Earnings of the Operating Company was $35.6 million, or $0.21 per share after-tax, for the quarter ended December 31, 2022 and $187.9 million, or $1.10 per share after-tax, for the year ended December 31, 2022.
- Declared quarterly dividend of $0.17 per share of Class A common stock, payable on March 24, 2023 to stockholders of record on March 10, 2023
- On January 31, 2023, the Company upsized its existing Senior Secured Credit Facility, increasing it from $125 million to $225 million
- During January 2023, the Company completed the final closing of our Multifamily Fund V, which raised $2.26 billion in equity commitments
- At the end of Q4 2022, the Company had $3.5 billion of dry powder across all fund verticals of which 67% is tied to our Multifamily and Workforce & Affordable Housing vehicles
Headline financials
Revenue & EPS history
Bridge · Revenue · Quarterly
$95.5M
Revenue by segment
Bridge · $90.4M total across 7 segments · Q4 2022
- Fund Management Fees$55.4M—61.3%
- Property Management & Leasing Fees$19.5M—21.6%
- Insurance Premiums$4.21M—4.7%
- Fund Administration Fees$3.93M—4.3%
- Construction Management Fees$3.25M—3.6%
- Other Asset Management & Property Income$2.48M—2.7%
- Development Fees$1.65M—1.8%
Forward guidance
No specific forward guidance was provided in the 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 | — | — | — |
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