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Sep 30, 2024
Bridge Q3 2024 Earnings Report
Reported resilient operations and financial performance, declaring a dividend and noting early signs of recovery in commercial real estate.
Key Takeaways
Bridge Investment Group reported a net income of $10.6 million for Q3 2024. The company declared a quarterly dividend of $0.10 per share of Class A common stock. Bridge's operations and financial results remained resilient with optimism about the business outlook.
Net Income was $10.6 million.
Net income attributable to Bridge per share of Class A common stock was $0.11 basic and $0.04 diluted.
Fee Related Earnings to the Operating Company were $32.4 million.
Declared a quarterly dividend of $0.10 per share of Class A common stock.
Revenue by Segment
Forward Guidance
Bridge's operations and financial results remain resilient, and the company is optimistic about the outlook for its business as commercial real estate conditions continue to strengthen.
Positive Outlook
- Improvements in debt markets and capital costs have led to early signs of recovery in volumes and valuations.
- Strong secular tailwinds in many of our specialized verticals.
- Favorable supply/demand dynamics.
- Reset asset prices.
- Normalizing borrowing conditions.
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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