PHILADELPHIA, March 3, 2025 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating the fairness of the recently announced buyout of Bridge Investment Group Holdings Inc. (NYSE: BRDG) ("Bridge") shareholders.Click here for additional information: https://kaskelalaw.com/case/bridge-investment-group/On February 24, 2025, Bridge announced that it had agreed to be acquired by investment firm Apollo in a stock-for-stock transaction.  According to the announcement, Bridge stockholders and Bridge OpCo u ...

Bridge Investment Group (BRDG) Q4 2024 Earnings Call February 25, 2025 06:39 PM ET Company Participants Bonni Rosen - Head of Shareholder RelationsRobert Morse - Executive ChairmanJonathan Slager - CEO & Co-Chief Investment OfficerKatie Elsnab - CFODean Allara - Vice Chairman of the BoardMichael Cyprys - Managing Director Conference Call Participants Michael Brown - Equity Research Analyst - Asset Managers, Brokers and ExchangesKen Worthington - Financial AnalystManu Roberts - Equity Analyst Operator Thank ...

NEW YORK, Feb. 24, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Bridge Investment Group Holdings Inc. (NYSE: BRDG), relating to the proposed merger with Apollo. Under the terms of the agreement, Bridge stockholders and Bridge OpCo unitholders will receive ...

NEW YORK, Feb. 24, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Bridge Investment Group Holdings Inc. (NYSE: BRDG) and its board of directors concerning the proposed acquisition of the company by Apollo (NYSE: APO). Stockholders will receive 0.07081 shares of Apollo common stock for each share of Bridge Investment stock that they hold. The transaction is valued at approximately $1.5 billion and is expected to close in the third quarter of 2025.If you are a sto ...

Financial Performance - Bridge Investment Group Holdings Inc. reported quarterly earnings of $0.18 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, and up from $0.14 per share a year ago, representing an earnings surprise of 12.50% [1] - The company posted revenues of $81.96 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.79%, and an increase from year-ago revenues of $70.52 million [2] Market Performance - Bridge Investment Group shares have declined approximately 5.7% since the beginning of the year, while the S&P 500 has gained 2.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.19 on revenues of $85.3 million, and for the current fiscal year, it is $0.80 on revenues of $366.4 million [7] Industry Outlook - The Real Estate - Operations industry, to which Bridge Investment Group belongs, is currently ranked in the bottom 15% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - The outlook for the industry can significantly impact the performance of individual stocks, with research showing that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Financial Performance - Net income for the fourth quarter of 2024 was $15.4 million, while the full year net income was $16.7 million[2]. - Distributable earnings for the fourth quarter were $32.6 million, or $0.18 per share after-tax, and for the full year were $128.4 million, or $0.69 per share after-tax[3]. - Fee related earnings for the fourth quarter were $34.4 million, and for the full year were $136.6 million[2]. - Total revenues for the fourth quarter were $103.4 million, compared to $94.1 million in the same quarter of 2023, representing a 13.8% increase[17]. - Total expenses for the fourth quarter were $99.7 million, compared to $94.8 million in the same quarter of 2023, reflecting a 5.5% increase[17]. - Net income attributable to Bridge Investment Group Holdings Inc. for the fourth quarter was a loss of $4.0 million, with a loss per share of $(0.15)[19]. - GAAP net income for Q4 2024 was $15.4 million, a significant increase of 2,181% compared to $0.7 million in Q4 2023[20]. - Distributable Earnings (DE) for Q4 2024 were $32.6 million, a 29% increase from $25.3 million in Q4 2023[20]. - The company reported a net investment and interest income expense of $(4.711) million for the quarter[1]. - Distributable After-Tax Earnings available to Common Shareholders for Q4 2024 was $5,839 million, translating to $0.18 per share based on 33,194,308 shares outstanding[103]. Asset Management - The company managed approximately $50 billion in assets as of December 31, 2024[6]. - Gross Assets Under Management (AUM) at the end of Q4 2024 stood at $49.8 billion, up from $47.7 billion in Q4 2023[20]. - As of December 31, 2024, the total Assets Under Management (AUM) reached $49.845 billion, reflecting a 1.3% increase from the previous quarter and a 4.5% increase year-over-year[93]. - The Fund's Fair Equity Assets Under Management (FEAUM) increased to $22.306 billion, representing a 2.5% growth for the quarter and a 2.8% increase year-over-year[94]. - Carry-eligible AUM reached $18.3 billion, representing over 82% of Fee Earning AUM[64]. - Total assets as of December 31, 2024, amounted to $1,247.4 million, while total liabilities were $741.5 million[72]. Capital Activity - Capital raised in Q4 2024 was $0.8 billion, a 174% increase compared to $0.3 billion in Q4 2023[20]. - Capital deployed in Q4 2024 was $0.6 billion, a decrease of 37% from $0.9 billion in Q4 2023[20]. - New capital commitments raised during the quarter amounted to $1.073 billion, while distributions totaled $619 million[93]. - The company raised approximately $15.6 billion of capital over the last five years, indicating strong investor support[74]. Dividends - The company declared a quarterly dividend of $0.11 per share, payable on March 28, 2025[4]. - The company declared a quarterly dividend of $0.11 per share of Class A common stock, payable on March 28, 2025[20]. Performance Allocations - Performance allocations for the full year included realized gains of $49.2 million and unrealized losses of $(42.4) million[17]. - Realized performance allocations for Q4 2024 were $18.8 million, a 102% increase from $9.3 million in Q4 2023[20]. - Total net fund-level fee revenues for Q4 2024 reached $71,500 million, with fund management fees contributing $62,298 million[105]. - Total Fee Related Earnings attributable to the Operating Company was $34,401 million, with realized performance allocations and incentive fees amounting to $17,578 million[105]. Employee Compensation - Cash-based employee compensation and benefits increased to $37,275,000 in Q3 2023 from $29,351,000 in Q4 2022[87]. - Cash-based employee compensation and benefits for Q4 2024 totaled $(39,013) million, impacting overall fee-related expenses[105]. Market Outlook - The company anticipates continued market expansion and new product development to enhance future earnings potential[106]. - The performance of residential housing funds was notably strong, attributed to the company's vertical integration strategy[66]. Financial Metrics - Distributable Earnings attributable to the Operating Company for Q3 2023 were $40,798,000, up from $35,637,000 in Q4 2022[89]. - The company achieved a recurring fund management fees CAGR of approximately 17% from FY20 to FY24[76]. - Fee Related Earnings to the Operating Company in Q4 2024 increased by 6% quarter over quarter, driven by lower Fee Related Expenses[56]. - Distributable Earnings to the Operating Company increased by 15% quarter over quarter, primarily due to lower Fee Related Expenses and higher net realized performance fees[56]. Fund Performance - The total investment-level returns for the Bridge Multifamily Funds showed a cumulative investment multiple of 1.29x and an unlevered net IRR of 13.3% as of December 31, 2024[112]. - The Bridge Multifamily V fund, launched in July 2021, reported a current investment multiple of 0.79x and an unlevered net IRR of (15.7)%[112]. - Total investment-level for Single Family Funds reached $324 million with a cumulative investment of $308 million, yielding a 15.3% investor return[114]. - Opportunity Zone Funds reported a total investment of $950 million, with a cumulative investment of $1,003 million, resulting in a negative return of (4.3)%[114]. - Logistics Value Fund has a total investment of $336 million and a cumulative investment of $309 million, showing a negative return of (3.4)%[114]. - Total Debt Strategies Funds accumulated $5,646 million in committed capital, with a cumulative investment of $20,294 million, yielding an 8.4% investor return[114]. - Bridge Debt IV has a total investment of $2,888 million and a cumulative investment of $10,269 million, resulting in a 3% investor return[114]. Definitions and Clarifications - Distributable Earnings (DE) is a key performance measure that differs from net income before taxes, excluding various non-recurring items[118]. - Assets Under Management (AUM) includes the fair value of assets and uncalled capital commitments, not reduced by any outstanding liabilities[118]. - Fee-Earning AUM (FEAUM) reflects assets from which management fee revenue is earned, based on capital commitments or invested capital[118]. - Dry Powder represents uncalled committed capital available for investment, indicating potential future investment capacity[118]. - Fee Related Revenues includes fund management fees, transaction fees, and net earnings from property operators, contributing to overall earnings growth[119]. - Fee Related Expenses are adjusted to exclude incentive fees and non-recurring items, enhancing the clarity of operational performance[119]. - Fund management fees are based on total commitments and net asset value, typically recognized on a quarterly basis[119]. - The Operating Company serves as a holding entity for affiliates providing asset management services, ensuring streamlined operations[119]. - Sponsored Funds are structured to pay fees, indicating a diversified revenue stream for the company[119].

Company Overview - Bridge Investment Group Holdings Inc. (BRDG) is anticipated to report a year-over-year increase in earnings due to higher revenues for the quarter ended December 2024 [1] - The consensus estimate for quarterly earnings is $0.16 per share, reflecting a year-over-year change of +14.3% [3] - Expected revenues are projected to be $81.32 million, which is a 15.3% increase from the same quarter last year [3] Earnings Expectations - The stock may experience upward movement if the earnings report exceeds expectations, with the release scheduled for February 24 [2] - Conversely, if the earnings miss expectations, the stock could decline [2] - The consensus EPS estimate has been revised 2.78% higher in the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Bridge Investment Group is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.04% [10][11] - This suggests a bearish outlook from analysts regarding the company's earnings prospects [10] - The company currently holds a Zacks Rank of 4, making it challenging to predict a beat on the consensus EPS estimate [11] Historical Performance - In the last reported quarter, the company was expected to post earnings of $0.18 per share but only achieved $0.15, resulting in a surprise of -16.67% [12] - Over the past four quarters, Bridge Investment Group has beaten consensus EPS estimates two times [13] Industry Comparison - In the Zacks Real Estate - Operations industry, Cushman & Wakefield (CWK) is expected to report earnings of $0.48 per share for the same quarter, indicating a year-over-year change of +6.7% [17] - CWK's revenue is projected to be $2.65 billion, up 3.7% from the previous year [17] - Despite a 3.5% downward revision in EPS estimates over the last 30 days, CWK has an Earnings ESP of 7.14%, suggesting a likely beat on the consensus EPS estimate [18]

Group 1 - Bridge Investment Group Holdings Inc. (NYSE: BRDG) reports $49.2 billion in assets under management, leveraging proprietary data and technology platforms to identify investment opportunities [1] - The company has a history of providing returns to investors and is supported by a team of investment professionals [1] - The focus of the analysis includes small and medium-cap companies across Europe, the United States, and South America, with an emphasis on mature industries such as mining, oil and gas, and real estate [1] Group 2 - The investment strategy targets an internal rate of return of approximately 5%-7%, with a preference for M&A deals, deep value investments, and dividend investing [1] - The analyst expresses a beneficial long position in BRDG shares, indicating confidence in the company's performance [2]

Group 1 - The stock of Bridge Investment (NYSE: BRDG) has recently fallen, despite previously being considered a hold due to solid dividends and modest upside potential [1] - The article reflects a value investing approach, focusing on finding bargains in various markets, particularly emerging markets [1] - The author expresses admiration for renowned investors and emphasizes an owner-mindset while largely ignoring macroeconomic noise [1] Group 2 - The author has a beneficial long position in BRDG shares, indicating a personal investment interest in the company [2] - The article is written independently, with no compensation received from any company mentioned, ensuring the expression of personal opinions [2] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not reflect the platform's overall stance [3]

Financial Data and Key Metrics Changes - The company reported GAAP net income of approximately $10.6 million for Q3 2024, with diluted net income per share of Class A common stock at $0.04 [5] - Distributable earnings were $28.2 million or $0.15 per share after tax, with a declared dividend of $0.10 per share [5][39] - Fee-related revenue increased by 3% from the previous quarter to $82.5 million, driven by inflows into workforce and affordable housing and debt strategies [39] Business Line Data and Key Metrics Changes - The company acquired $349 million in multifamily and workforce assets, $40 million in logistics assets, and deployed $966 million in debt strategies during Q3 2024 [10] - The debt strategies vertical had its largest lending quarter in over two years, originating 15 loans totaling over $720 million [27] - In the multifamily segment, investments of $784 million were underwritten to unlevered IRRs that are 23% better than pre-pandemic levels [30] Market Data and Key Metrics Changes - The commercial property price index showed signs of stabilization, with a 3% increase in 2024 [24] - Absorption in the multifamily sector exceeded deliveries, with 193,000 units absorbed compared to 163,000 delivered in Q3 [33] - The company noted that multifamily starts are down 42% from peak levels, indicating a strong demand picture [33] Company Strategy and Development Direction - The company aims to capitalize on investment opportunities in a buyer's market while remaining selective in capital deployment [9] - Investments have been made in logistics, PE secondaries, and renewable energy to supplement traditional residential rental and commercial real estate-backed fixed income [52] - The company is expanding its distribution capabilities both domestically and internationally, with a focus on major pension funds and consultants [19] Management's Comments on Operating Environment and Future Outlook - Management believes the long winter of real estate declines has bottomed, with increasing investor dialogue and deal evaluations [6] - There is optimism regarding the recovery of commercial real estate values and transaction volumes, driven by a significant loan maturity wall and pent-up demand [60] - The company expects to see substantial improvements in capital raising and deployment in the coming quarters [51] Other Important Information - The company raised approximately $607 million in Q3, with $429 million in debt strategies and $115 million in workforce and affordable housing [22] - Fee-related earnings for the operating company were $32.4 million, decreasing from the previous quarter due to higher compensation-related expenses [44] - The company anticipates that insurance income will stabilize to more normalized levels in the next quarter [48] Q&A Session Summary Question: Outlook for real estate market recovery - Management expects a significant pent-up demand for transaction volumes and believes that the recovery in values will take place despite some short-term challenges [60][61] Question: Fundraising expectations for retail side - The company is optimistic about breaking escrow on a retail vehicle this quarter and expects positive momentum in fundraising [64] Question: Operating leverage and investment spend levels - Management indicated that investments in logistics and distribution will continue, with expectations for significant development fees from existing projects [69][70] Question: Fundraising magnitude improvement in Q4 - Management anticipates notable increases in logistics contributions and overall fundraising in Q4 compared to Q3 [75] Question: Compensation and performance expectations - Management emphasized the importance of maintaining morale and motivation among teams, leading to a step-up in compensation [78][80] Question: Deployment backdrop in multifamily - Management highlighted strong absorption rates in multifamily and expects continued growth in rent and NOI [87][88]