Welcome to our dedicated page for Bridge Investment Group Holdings news (Ticker: BRDG), a resource for investors and traders seeking the latest updates and insights on Bridge Investment Group Holdings stock.
Bridge Investment Group Holdings Inc. (BRDG) is a distinguished, vertically integrated investment manager. Headquartered in Salt Lake City, Utah, the company is renowned for its diversified specialization across various asset classes, including real estate, credit, renewable energy, and secondaries strategies.
Core Business: Bridge-IGP operates primarily as an alternative investment manager, offering a broad range of products that cater to different investment objectives. With approximately $2.4 billion in assets under management, Bridge-IGP and its affiliates manage an additional $600 million in real estate assets. This extensive portfolio includes over 32,000 apartment units across 17 states and around 2.2 million square feet of commercial office property.
Recent Achievements and Current Projects: Bridge Investment Group continues to expand its footprint through strategic acquisitions and innovative investment solutions. The company leverages its nationwide operating platform and dedicated teams of professionals to identify and capitalize on new market opportunities.
Financial Condition: With a robust asset management portfolio and a comprehensive approach to alternative investment, Bridge Investment Group maintains a strong financial standing. This stability enables the company to support its broad spectrum of investment strategies and meet diverse investor needs.
Partnerships and Products: The company's vertical integration allows it to efficiently manage and grow its investment platforms. Partnerships with industry leaders and a commitment to sustainability through renewable energy investments highlight Bridge Investment Group's forward-thinking approach.
In summary, Bridge Investment Group Holdings Inc. is a formidable player in the investment management sector, known for its diversified and synergistic investment platforms. With a strong focus on real estate and alternative investments, the company is well-positioned to continue its growth and deliver value to its investors.
Bridge Investment Group (NYSE: BRDG) demonstrated strong ESG performance in the 2024 GRESB Real Estate Assessment, participating with six vehicles across Workforce and Affordable Housing, Multifamily Housing, Seniors Housing, and Logistics Properties strategies. Five recurring reporting vehicles showed significant improvements with 14-24% point increases from the previous year. All vehicles earned at least two Green Stars, with one achieving three Stars, and scored nearly perfect (29.78/30) in the management section. The assessment, which included 2,223 portfolios representing $7 trillion in gross asset value across 80 markets, reflects Bridge's commitment to sustainability transparency and operational efficiency.
Bridge Investment Group Holdings (NYSE: BRDG) reported its Q3 2024 financial results with net income of $10.6 million. The company achieved Fee Related Earnings of $32.4 million and Distributable Earnings of $28.2 million, or $0.15 per share after-tax. Net income per Class A share was $0.11 basic and $0.04 diluted. Bridge declared a quarterly dividend of $0.10 per Class A share, payable December 20, 2024. Management expressed optimism about improving commercial real estate conditions, citing strengthening debt markets, early recovery signs in volumes and valuations, and favorable supply/demand dynamics.
Bridge Investment Group Holdings Inc. (NYSE: BRDG) has announced the schedule for its third quarter 2024 financial results release and conference call. The company will release its financial results after market close on Wednesday, November 6, 2024. A conference call to discuss the results will be held the following morning, Thursday, November 7, 2024, at 9:30 am ET.
Interested parties can access the call by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international) and requesting Bridge Investment Group Holdings Inc.'s Third Quarter 2024 Earnings Conference Call with conference ID 4102109. The call will also be available via webcast on the company's Investor Relations website. An audio replay will be accessible until November 21, 2024, by dialing 1-877-660-6853 (domestic) or 1-201-612-7415 (international) with passcode 13749641.
iCapital and Bridge Investment Group (NYSE: BRDG) have announced an enhancement to Bridge's Investor Portal, powered by iCapital's technology. The new Investment Dashboard feature allows investors to access interactive and comprehensive performance reporting for both closed-end and open-ended funds.
Key features of the Investment Dashboard include:
- Portfolio performance across accounts, holdings, and asset classes
- Key performance indicators, charts, and cash flow details
- Secure and user-friendly online platform
- Access to account information and governing documents
This enhancement is available to all Bridge fund investors, both institutional and wealth management. The collaboration aims to provide greater transparency and insight into alternative investments, addressing the growing demand for a digital-first experience in private market investing.
Bridge Investment Group Holdings Inc. (NYSE: BRDG) reported its Q2 2024 financial results. Key highlights include:
- Net Income of $27.5 million
- Net loss attributable to Bridge per share of Class A common stock: $(0.11)
- Distributable Earnings: $35.5 million, or $0.19 per share after-tax
- Fee Related Earnings: $35.9 million
The company saw improvements with Total Revenue increasing 2% from last quarter, Fee Related Earnings up 6%, and Distributable Earnings rising 10%. Bridge declared a quarterly dividend of $0.13 per share of Class A common stock, payable on September 13, 2024.
Bridge Renewable Energy, Solaris Energy, and WATTMORE have closed a deal to develop, finance, and operate a 1.8 MW solar and storage project for the Rincon Band of Luiseno Indians and Harrah's Resort SoCal. The project, located on the Rincon Reservation in San Diego County, CA, aims to lower carbon output and decrease monthly energy costs. The deal combines incentives from the federal Inflation Recovery Act with state and federal grants to maximize economic benefits for both the Tribe and Bridge Renewable Energy. The project demonstrates the value of solar and energy storage for reservations, communities, and commercial applications, leveraging creative financing and development expertise to bring clean energy solutions to fruition.
Bridge Investment Group (NYSE: BRDG) announced the release date for its second quarter 2024 financial results. The results will be published after market close on August 6, 2024.
A conference call to discuss the results will be held on August 7, 2024, at 8:30 am ET. Participants can join via phone or live webcast. The call-in numbers are 1-877-405-1210 (domestic) or 1-201-689-8721 (international).
An audio replay will be available three hours post-conference until August 21, 2024, by dialing 1-877-660-6853 (domestic) or 1-201-612-7415 (international) and using the passcode 13747687. Further details are available on the Bridge Investment Group's Investor Relations website.
Bridge Investment Group (NYSE: BRDG) announced that Executive Chairman Robert Morse and CFO Katie Elsnab will present at the 2024 Morgan Stanley US Financials, Payments & CRE Conference.
The presentation is scheduled for June 12 at 11:00 AM ET. A live audio webcast will be available on Bridge’s Investor Relations page, with a replay accessible shortly after the event.
Bridge Investment Group (NYSE: BRDG) announces the appointment of Alison Brown as President of Bridge Property Management and Deputy Chief Investment Officer for its Workforce and Affordable Housing Strategy, effective July 1, 2024. Brown, with over 25 years of real estate experience, joins from LivCor where she was Senior VP of Operations. Her expertise in property management and her leadership in the 'Good Owner' program is expected to enhance Bridge's operational capabilities. Bridge's residential rental platform currently spans nearly 60,000 units. Brown aims to support Bridge's mission in providing high-quality affordable housing for the 'missing middle' income renters in the U.S.
Bridge Investment Group Holdings Inc. reported its financial results for the quarter ended March 31, 2024. The company posted a Net Loss of $(36.8) million with a per share loss of $(0.05). Distributable Earnings were $32.2 million, Fee Related Earnings were $33.9 million. The company declared a quarterly dividend of $0.12 per share. The presentation of the results can be viewed on the Investors section of their website.
FAQ
What is the current stock price of Bridge Investment Group Holdings (BRDG)?
What is the market cap of Bridge Investment Group Holdings (BRDG)?
What does Bridge Investment Group Holdings Inc. specialize in?
How much in assets does Bridge Investment Group manage?
Where is Bridge Investment Group headquartered?
What types of properties does Bridge Investment Group manage?
What is Bridge Investment Group's approach to investment opportunities?
What is the company's financial condition?
Does Bridge Investment Group focus on sustainability?
What is the core business segment for Bridge Investment Group?
How many employees work at Bridge Investment Group?
What makes Bridge Investment Group unique in the investment sector?
