Bridge Investment Group Reports Q2 2024: Mixed Financial Results

Bridge Investment Group reported a GAAP net loss of $27.5 million for Q2 2024. Despite this, the company posted distributable earnings of $35.5 million, or $0.19 per share after tax, and announced a dividend of $0.13 per share, payable on September 30. Despite challenges in the real estate market, the company exhibited growth in fee-related earnings and fee-earning assets under management (AUM). Bridge is optimistic about future market opportunities in residential rental, logistics, and credit sectors, having raised $700 million since March 31 and holding over $3.1 billion in dry powder.

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Bridge Investment Group Reports Q2 2024: Mixed Financial Results

Bridge Investment Group shows mixed results in Q2 2024 with a GAAP net loss but strong distributable earnings and strategic growth.