Welcome to our dedicated page for Bridge Invt Group Hldgs news (Ticker: BRDG), a resource for investors and traders seeking the latest updates and insights on Bridge Invt Group Hldgs stock.
Bridge Investment Group Holdings Inc. (formerly traded on the NYSE under the symbol BRDG) has been an active issuer of news related to its alternative investment management activities and its corporate transactions. Company releases describe Bridge as an alternative investment manager diversified across specialized asset classes, focusing on select U.S. verticals across real estate, credit, renewable energy and secondaries strategies. News coverage also highlights the activities of Bridge Logistics Properties, a subsidiary that concentrates on logistics and industrial real estate.
Visitors to this news page can review historical announcements on topics such as quarterly and annual financial results, corporate actions, ESG reporting and strategy-specific developments. Earnings releases have detailed Bridge’s financial performance, dividend declarations or decisions, and its plans in connection with the merger transaction with Apollo Global Management, Inc. Other corporate communications have covered promotions within senior leadership, hiring to expand wholesaling and distribution efforts, and scheduling or cancellation of earnings conference calls.
A significant portion of recent news has focused on logistics real estate through Bridge Logistics Properties. Press releases describe acquisitions of Class A industrial portfolios in markets like the Inland Empire West in California and the Atlanta I-75 South corridor, as well as a refinancing of a multi-state industrial portfolio. These releases discuss property characteristics, leasing status and the investment rationale for targeting specific logistics hubs.
Additional news items include Bridge’s participation in the 2024 GRESB Real Estate Assessment for vehicles in Workforce and Affordable Housing, Multifamily Housing, Seniors Housing and Logistics Properties, with reported improvements in scores and Green Star designations. The news feed also documents the progression and completion of the merger with Apollo, culminating in Bridge becoming a wholly owned subsidiary and the BRDG shares being delisted and deregistered. Investors and researchers can use this archive to follow the evolution of Bridge’s strategies, its logistics platform and the corporate steps leading to its acquisition.
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.
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