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Dec 31, 2022
Bridge Q4 2022 Earnings Report
Reported financial results for the fourth quarter and year ended December 31, 2022.
Key Takeaways
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
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document.
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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