NYSE$BRDG
Bridge Investment Group Holdings Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Bridge Investment Group Holdings Inc. reported its financial results for the fourth quarter and full year ended December 31, 2024.
Bridge Investment Group Holdings Inc. reported a net income of $15.4 million for the fourth quarter of 2024, with total revenues of $103.4 million. The company experienced a loss per share of $(0.15) for Class A common stock in Q4 2024.
- Net Income (Loss) was $15.4 million for the quarter ended December 31, 2024.
- Total revenues for the quarter ended December 31, 2024, were $103.4 million.
- Loss per share of Class A common stock was $(0.15) for the quarter ended December 31, 2024.
- Distributable Earnings of Bridge Investment Group Holdings LLC were $32.6 million for the quarter ended December 31, 2024.
Headline financials
Revenue & EPS history
Bridge · Revenue · Quarterly
$123M
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
The company did not provide specific forward-looking financial guidance in this report. However, it highlighted strategic areas for future growth and operational focus.
Tailwinds
- Commitments on capital raised in the 4th quarter averaged 9.3 years in duration, indicating long-term investor confidence.
- 73% of total FEAUM is greater than 5 years of remaining duration, with a weighted-average FEAUM remaining duration of 6.3 years, providing stable fee visibility.
- Over 97% of FEAUM is in long-term, closed-end funds with no redemption features, ensuring predictable revenue streams.
- Fee-earning AUM increased 2% in Q4 2024 compared to Q3 2024, primarily due to capital raised in Logistics and Credit strategies.
- Pipeline for future performance-driven Distributable Earnings is significant.
Headwinds
- The company will no longer be holding its fourth quarter and full year 2024 earnings conference call and webcast.
- Net income (loss) attributable to Bridge per share of Class A common stock was a loss of $(0.15) for the quarter.
- Q4 2024 decrease in net insurance income largely due to claims in our captive insurance company during 2024.
- Capital deployed decreased by 37% in Q4 2024 compared to Q4 2023.
- Unrealized Accrued Performance Allocations decreased by 11% in Q4 2024 compared to Q4 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 4 quarterly earnings reports · overlaid with Q4 2024
-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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