Bridge Investment Group Q1 net loss $36.8M; diluted EPS $(0.05); fee-related earnings $33.9M

Bridge Investment Group Holdings Inc.

2024-Q1 EPS reported -$0.05 revenue$102,790,000

Net loss of $36.8M; basic EPS $0.24, diluted EPS $(0.05).
Distributable Earnings $32.2M ($0.17 per share after-tax); Fee Related Earnings $33.9M.
Recurring management fees up 17% YoY; equity deployed $331.9M at attractive levels.
Quarterly dividend of $0.12/share declared, payable June 14, 2024 to holders of record May 31.

item 2.02 item 5.07 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bridge Investment Group Holdings Inc. reported the quarter ended March 31, 2024 results: net income $(36.8) million, EPS $0.24 and $(0.05), respectively.

Period: the quarter ended March 31, 2024
Net income: $(36.8) million
EPS: $0.24 and $(0.05), respectively
Result: reported results

Exact text from the filing

Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today reported its financial results for the quarter ended March 31, 2024.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Bridge Investment Group Holdings Inc. shareholders approved Election of Adam O’Farrell, Dean Allara, and Chad Leat as Class III Directors to serve until the 2027 Annual Meeting of Stockholders, and until their respective successors shall have been duly elected and qualified. at the 2024-05-03 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-05-03

Exact text from the filing

Proposal 1 – Election of Adam O’Farrell, Dean Allara, and Chad Leat as Class III Directors to serve until the 2027 Annual Meeting of Stockholders, and until their respective successors shall have been duly elected and qualified.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Bridge Investment Group Holdings Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024. at the 2024-05-03 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-05-03

Exact text from the filing

For Withheld Broker Non-Votes Adam O’Farrell 769,699,875 9,067,680 8,205,664 Dean Allara 769,698,181 9,069,374 8,205,664 Chad Leat 767,924,991 10,842,564 8,205,664 Proposal 2 - Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024.

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Source: SEC EDGAR

accession 0001854401-24-000047

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