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Sep 30, 2022
Bridge Q3 2022 Earnings Report
Reported strong fundraising inflows and AUM growth.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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