Bridge Investment Group Holdings Inc. Reports Fourth Quarter and Full Year 2024 Results
25 February 2025 - 12:00AM
Business Wire
Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or
the “Company”) today reported its financial results for the quarter
and year ended December 31, 2024.
Net Income (Loss) was $15.4 million and $16.7 million for
the quarter and year ended December 31, 2024, respectively. On a
basic and diluted basis, net income (loss) attributable to Bridge
per share of Class A common stock was a loss of $(0.15) and income
of $0.13 for the quarter and year ended December 31, 2024,
respectively.
Fee Related Earnings to the Operating Company were $34.4
million and $136.6 million for the quarter and year ended December
31, 2024, respectively.
Distributable Earnings of Bridge Investment Group
Holdings LLC (the “Operating Company”) were $32.6 million, or $0.18
per share after-tax, for the quarter ended December 31, 2024 and
$128.4 million, or $0.69 per share after-tax, for the year ended
December 31, 2024.
Common Dividend
Bridge declared a quarterly dividend of $0.11 per share of its
Class A common stock, payable on March 28, 2025 to its Class A
common stockholders of record at the close of business on March 14,
2025.
Additional Information
The Company issued a full detailed presentation of its fourth
quarter and full year 2024 results, which can be viewed on the
Investors section of our website at www.bridgeig.com. The
presentation is titled “Fourth Quarter 2024 Earnings
Presentation.”
Conference Call and Webcast Information
The Company will no longer be holding its fourth quarter and
full year 2024 earnings conference call and webcast previously
scheduled for February 25, 2025.
About Bridge Investment Group
Bridge is a leading alternative investment manager, diversified
across specialized asset classes, with approximately $50 billion of
assets under management as of December 31, 2024. Bridge combines
its nationwide operating platform with dedicated teams of
investment professionals focused on select U.S. verticals across
real estate, credit, renewable energy and secondaries
strategies.
Forward-Looking Statements
This earnings release contains certain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, which relate to future events or our future
performance or financial condition. All statements other than
statements of historical facts may be forward-looking statements.
In some cases, you can identify forward-looking statements by terms
such as “outlook,” “could,” “believes,” “expects,” “potential,”
“opportunity,” “continues,” “may,” “will,” “should,” “over time,”
“seeks,” “predicts,” “intends,” “plans,” “estimates,”
“anticipates,” “foresees” or negative versions of those words,
other comparable words or other statements that do not relate to
historical or factual matters. Accordingly, we caution you that any
such forward-looking statements are based on our beliefs,
assumptions and expectations as of the date made, taking into
account all information available to us at that time. These
statements are not guarantees of future performance, conditions or
results and involve a number of risks and uncertainties that are
difficult to predict and beyond our control. Actual results may
differ materially from those express or implied in the
forward-looking statements as a result of a number of factors,
including but not limited to those risks described from time to
time in our filings with the Securities and Exchange Commission.
Any forward-looking statement speaks only as of the date on which
it is made. Bridge undertakes no duty to publicly update any
forward-looking statements made herein or on the webcast/conference
call or otherwise, whether as a result of new information, future
developments or otherwise, except as required by law.
Nothing in this press release constitutes an offer to sell or
solicitation of an offer to buy any securities of the Company or
any investment fund managed by the Company or its affiliates.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250224470052/en/
Shareholder Relations: Bonni Rosen Bridge Investment
Group Holdings Inc. shareholderrelations@bridgeig.com
Media: Charlotte Morse Bridge Investment Group Holdings
Inc. (877) 866-4540 charlotte.morse@bridgeig.com
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