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Mar 31, 2023
Bridge Q1 2023 Earnings Report
Reported financial results for the quarter, highlighted by increased fee-earning AUM and the acquisition of Newbury Partners.
Key Takeaways
Bridge Investment Group reported a GAAP Net Loss of $67.4 million, but Distributable Earnings of the Operating Company were $33.4 million, or $0.19 per share after-tax. Fee-earning AUM increased 51% year-over-year, and the company closed the acquisition of Newbury Partners.
Fee-earning AUM increased 51% year-over-year.
Closed Multifamily V at a record $2.3 billion.
Completed acquisition of Newbury Partners.
Declared a quarterly dividend of $0.15 per share of Class A common stock.
Forward Guidance
No specific forward guidance was provided in the document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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