Welcome to our dedicated page for Manhattan Bridge news (Ticker: LOAN), a resource for investors and traders seeking the latest updates and insights on Manhattan Bridge stock.
Manhattan Bridge Capital Inc (LOAN) is a real estate investment trust specializing in short-term secured loans for property investors. This page serves as the definitive source for official company news, providing stakeholders with timely updates on financial performance and strategic initiatives.
Access curated press releases and verified articles covering quarterly earnings, loan portfolio expansions, and regulatory developments. Our collection enables investors to monitor the company's position in the real estate finance sector, with particular focus on its New York metro area operations and REIT compliance.
Key updates include announcements about first mortgage loan originations, market penetration strategies, and risk management practices. All content is sourced directly from company filings and authorized communications to ensure accuracy.
Bookmark this page for streamlined access to Manhattan Bridge Capital's latest developments. Check regularly for updates on capital allocation decisions and regional real estate market impacts.
Manhattan Bridge Capital (NASDAQ: LOAN) reported Q1 2025 financial results with net income of $1.37 million ($0.12 per share), down 7.0% from $1.48 million ($0.13 per share) in Q1 2024. Total revenues decreased 11.6% to $2.27 million from $2.57 million year-over-year.
The revenue decline was primarily due to lower interest income from reduced loans receivable. Interest income from secured commercial loans was $1.83 million compared to $2.14 million in Q1 2024, while origination fees were $440,000 versus $431,000. The company's total shareholders' equity stood at $43.33 million as of March 31, 2025.
Management noted that despite initial optimism in the real estate investor community, delays in interest rate reductions and global economic uncertainty have raised concerns about immediate market recovery. The company maintains its position through low leverage and strict underwriting practices.
Manhattan Bridge Capital (NASDAQ: LOAN) has announced a quarterly dividend of $0.115 per share. The dividend will be distributed to shareholders of record on July 8, 2025, with the payment date set for July 15, 2025.
Manhattan Bridge Capital (NASDAQ: LOAN) has announced its quarterly dividend payment details. The company will distribute a cash dividend of $0.115 per share to shareholders of record on April 8, 2025. The dividend payment is scheduled for April 15, 2025. This dividend distribution follows the board's approval declared on February 6, 2025.
Manhattan Bridge Capital (NASDAQ: LOAN) reported its 2024 financial results, showing a 2.1% increase in net income to $5.59 million ($0.49 per share) compared to $5.48 million ($0.48 per share) in 2023. Total revenue decreased by 1.1% to $9.69 million, primarily due to reduced loan originations and lower receivables.
Interest income from secured real estate loans increased to $8.05 million (2023: $7.98 million), while origination fees decreased to $1.64 million (2023: $1.82 million). Operating costs decreased by 5.5% to $4.12 million, mainly due to reduced borrowing costs and lower officer bonuses.
Total shareholders' equity grew to $43.27 million by December 31, 2024, up from $42.93 million in 2023. The company faced challenges from high interest rates affecting borrowers' liquidity and narrowing spreads between hard money and conventional bank lending rates.
Manhattan Bridge Capital (NASDAQ: LOAN) has announced its board of directors' declaration of a quarterly dividend of $0.115 per share. The dividend will be distributed to shareholders of record on April 8, 2025, with the payment scheduled for April 15, 2025.
Manhattan Bridge Capital (NASDAQ: LOAN) has announced a quarterly dividend of $0.115 per share. The dividend will be distributed to shareholders of record as of December 31, 2024, with the payment scheduled for January 15, 2025.
Manhattan Bridge Capital (NASDAQ: LOAN) reported Q3 2024 financial results with net income of $1,399,000 ($0.12 per share), down 3.3% from $1,446,000 ($0.13 per share) in Q3 2023. Total revenues decreased 5% to $2,313,000, primarily due to reduced loans receivable and slower loan originations, partially offset by higher interest rates. For the nine months ended September 30, 2024, net income increased 3.8% to $4,285,000 ($0.37 per share), with total revenues up 1.4% to $7,330,000. The company noted that a recent 0.5% interest rate reduction has renewed optimism among real estate investors after a slowdown in Q3.
Manhattan Bridge Capital (NASDAQ: LOAN) has announced the payment of its quarterly cash dividend. The company will distribute $0.115 per share to shareholders of record as of October 8, 2024. The dividend payment is scheduled for October 15, 2024. This dividend distribution aligns with the board's decision made on July 29, 2024, demonstrating the company's commitment to providing regular returns to its shareholders.
Manhattan Bridge Capital (NASDAQ: LOAN) has declared a quarterly dividend of $0.115 per share. This dividend will be paid on October 15, 2024, to shareholders of record as of October 8, 2024. The announcement, made on July 29, 2024, demonstrates the company's commitment to providing regular returns to its shareholders. Manhattan Bridge Capital, a real estate finance company, continues its tradition of quarterly dividend payments, which may be seen as a positive sign of financial stability and shareholder value creation.
Manhattan Bridge Capital (Nasdaq: LOAN) reported its Q2 2024 results, showing a 1.8% increase in total revenues to $2,443,000 compared to Q2 2023. The company's net income slightly decreased by 0.9% to $1,409,000, or $0.12 per share. For the first half of 2024, total revenues rose by 4.6% to $5,016,000, with net income increasing by 7.6% to $2,885,000, or $0.25 per share. The revenue growth was primarily due to higher interest rates on commercial loans, partially offset by reduced loan receivables and slower new loan originations. As of June 30, 2024, total stockholders' equity stood at approximately $43,184,000. The company's CEO, Assaf Ran, noted that while real estate markets in their operational areas remain slow due to high interest rates, property prices are holding steady or increasing due to inventory and inflation impacts.
