Upcoming Dividend • Jul 01
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 08 July 2026. Payment date: 15 July 2026. Trailing yield: 9.6%. Within top quartile of American dividend payers (4.2%). Lower than average of industry peers (13%). Announcement • May 11
Manhattan Bridge Capital, Inc., Annual General Meeting, Jun 18, 2026 Manhattan Bridge Capital, Inc., Annual General Meeting, Jun 18, 2026. Location: offices of sullivan & worcester llp, 1251 avenue of the americas, ny 10020, new york United States Declared Dividend • Apr 17
Dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 8th July 2026 Payment date: 15th July 2026 Dividend yield will be 9.7%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio) nor is it covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Apr 15
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on July 15, 2026 Manhattan Bridge Capital, Inc. announced that its board of directors has declared a quarterly dividend of $0.11 per share to be paid to all shareholders of record on July 8, 2026. The dividend will be paid on July 15, 2026. Upcoming Dividend • Apr 01
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 08 April 2026. Payment date: 15 April 2026. Trailing yield: 9.7%. Within top quartile of American dividend payers (4.4%). Lower than average of industry peers (13%). Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: US$0.45 (vs US$0.49 in FY 2024) Full year 2025 results: EPS: US$0.45 (down from US$0.49 in FY 2024). Revenue: US$6.91m (down 6.0% from FY 2024). Net income: US$5.11m (down 8.6% from FY 2024). Profit margin: 74% (down from 76% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 12
Third quarter dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 8th April 2026 Payment date: 15th April 2026 Dividend yield will be 10%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) nor is it adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 10% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Feb 10
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on April 15, 2026 Manhattan Bridge Capital, Inc. announced that its board of directors has declared a quarterly dividend of $0.11 per share to be paid to all shareholders of record on April 8, 2026. The dividend will be paid on April 15, 2026. Upcoming Dividend • Dec 24
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. Trailing yield: 9.3%. Within top quartile of American dividend payers (4.4%). Lower than average of industry peers (12%). Declared Dividend • Nov 02
Dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 9.3%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) nor is it covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 10% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Oct 30
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on January 15, 2026 Manhattan Bridge Capital, Inc. announced that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on December 31, 2025. The dividend will be paid on January 15, 2026. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: US$0.10 (vs US$0.12 in 3Q 2024) Third quarter 2025 results: EPS: US$0.10 (down from US$0.12 in 3Q 2024). Revenue: US$1.61m (down 9.1% from 3Q 2024). Net income: US$1.20m (down 14% from 3Q 2024). Profit margin: 75% (down from 79% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Oct 01
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 08 October 2025. Payment date: 15 October 2025. Trailing yield: 8.3%. Within top quartile of American dividend payers (4.4%). Lower than average of industry peers (13%). Declared Dividend • Jul 30
Dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 8th October 2025 Payment date: 15th October 2025 Dividend yield will be 8.5%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) nor is it covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.5% to bring the payout ratio under control. However, EPS is expected to decline by 1.2% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Jul 22
Second quarter 2025 earnings released: EPS: US$0.12 (vs US$0.12 in 2Q 2024) Second quarter 2025 results: EPS: US$0.12 (up from US$0.12 in 2Q 2024). Revenue: US$1.85m (flat on 2Q 2024). Net income: US$1.41m (flat on 2Q 2024). Profit margin: 76% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Jul 01
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 08 July 2025. Payment date: 15 July 2025. Trailing yield: 8.3%. Within top quartile of American dividend payers (4.7%). Lower than average of industry peers (13%). Announcement • May 08
Manhattan Bridge Capital, Inc., Annual General Meeting, Jun 18, 2025 Manhattan Bridge Capital, Inc., Annual General Meeting, Jun 18, 2025. Location: sullivan & worcester llp, 1251avenue of the americas, ny10020, newyork United States Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: US$0.12 (vs US$0.13 in 1Q 2024) First quarter 2025 results: EPS: US$0.12 (down from US$0.13 in 1Q 2024). Revenue: US$1.82m (down 3.2% from 1Q 2024). Net income: US$1.37m (down 7.0% from 1Q 2024). Profit margin: 75% (down from 78% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 20
Dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 8th July 2025 Payment date: 15th July 2025 Dividend yield will be 8.5%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.6% to bring the payout ratio under control. However, EPS is expected to decline by 3.9% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Apr 17
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on July 15, 2025 Manhattan Bridge Capital, Inc. announced that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on July 8, 2025. The dividend will be paid on July 15, 2025. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$4.86, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Mortgage REITs industry in the US. Total returns to shareholders of 16% over the past three years. Upcoming Dividend • Apr 01
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 08 April 2025. Payment date: 15 April 2025. Trailing yield: 7.7%. Within top quartile of American dividend payers (4.7%). Lower than average of industry peers (12%). New Risk • Mar 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 107% Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risks High level of debt (51% net debt to equity). Market cap is less than US$100m (US$63.8m market cap). Reported Earnings • Mar 12
Full year 2024 earnings released: EPS: US$0.49 (vs US$0.48 in FY 2023) Full year 2024 results: EPS: US$0.49 (up from US$0.48 in FY 2023). Revenue: US$7.35m (up 1.1% from FY 2023). Net income: US$5.59m (up 2.1% from FY 2023). Profit margin: 76% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 09
Third quarter dividend of US$0.12 announced Dividend of US$0.12 is the same as last year. Ex-date: 8th April 2025 Payment date: 15th April 2025 Dividend yield will be 8.0%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) nor is it adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.2% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Feb 06
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on April 15, 2025 Manhattan Bridge Capital, Inc. announced that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on April 8, 2025. The dividend will be paid on April 15, 2025. Upcoming Dividend • Dec 24
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 31 December 2024. Payment date: 15 January 2025. Trailing yield: 8.4%. Within top quartile of American dividend payers (4.5%). Lower than average of industry peers (12%). Declared Dividend • Nov 29
Third quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 8.6%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) nor is it adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.2% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Nov 26
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on January 15, 2025 Manhattan Bridge Capital, Inc. announced that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on December 31, 2024. The dividend will be paid on January 15, 2025. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$0.12 (vs US$0.13 in 3Q 2023) Third quarter 2024 results: EPS: US$0.12 (down from US$0.13 in 3Q 2023). Revenue: US$1.78m (down 2.4% from 3Q 2023). Net income: US$1.40m (down 3.3% from 3Q 2023). Profit margin: 79% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 01
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 08 October 2024. Payment date: 15 October 2024. Trailing yield: 8.1%. Within top quartile of American dividend payers (4.3%). Lower than average of industry peers (11%). Declared Dividend • Aug 02
Dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 8th October 2024 Payment date: 15th October 2024 Dividend yield will be 8.6%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.9% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jul 30
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on October 15, 2024 Manhattan Bridge Capital, Inc. announced that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on October 8, 2024. The dividend will be paid on October 15, 2024. Reported Earnings • Jul 23
Second quarter 2024 earnings released: EPS: US$0.12 (vs US$0.12 in 2Q 2023) Second quarter 2024 results: EPS: US$0.12 (down from US$0.12 in 2Q 2023). Revenue: US$1.84m (up 2.0% from 2Q 2023). Net income: US$1.41m (flat on 2Q 2023). Profit margin: 77% (down from 79% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 04
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 10 July 2024. Payment date: 15 July 2024. Trailing yield: 8.5%. Within top quartile of American dividend payers (4.7%). Lower than average of industry peers (13%). Announcement • May 11
Manhattan Bridge Capital, Inc., Annual General Meeting, Jun 20, 2024 Manhattan Bridge Capital, Inc., Annual General Meeting, Jun 20, 2024, at 09:00 US Eastern Standard Time. Location: Sullivan & Worcester LLP, 1251 Avenue of the Americas New York, NY 10020 New York United States Agenda: To consider the Election of six (6) directors to serve until the next Annual Meeting of Shareholders and until their respective successors have been duly elected and qualified; to consider the Advisory approval of the appointment of Hoberman & Lesser CPA’s, LLP as the Company’s independent auditors for the fiscal year ending December 31, 2024; and to consider the Transaction of such other business as may properly come before the meeting and any adjournment or adjournments thereof. Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: US$0.13 (vs US$0.11 in 1Q 2023) First quarter 2024 results: EPS: US$0.13 (up from US$0.11 in 1Q 2023). Revenue: US$1.88m (up 7.5% from 1Q 2023). Net income: US$1.48m (up 17% from 1Q 2023). Profit margin: 78% (up from 72% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 10
Dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 10th July 2024 Payment date: 15th July 2024 Dividend yield will be 9.0%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it adequately covered by cash flows (92% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.7% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Upcoming Dividend • Apr 02
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 09 April 2024. Payment date: 15 April 2024. Trailing yield: 8.7%. Within top quartile of American dividend payers (4.6%). Lower than average of industry peers (12%). Announcement • Mar 12
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on July 15, 2024 Manhattan Bridge Capital, Inc. announced that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on July 10, 2024. The dividend will be paid on July 15, 2024. Reported Earnings • Mar 11
Full year 2023 earnings released: EPS: US$0.48 (vs US$0.45 in FY 2022) Full year 2023 results: EPS: US$0.48 (up from US$0.45 in FY 2022). Revenue: US$7.27m (up 7.7% from FY 2022). Net income: US$5.48m (up 5.1% from FY 2022). Profit margin: 75% (down from 77% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 10
Third quarter dividend increased to US$0.12 Dividend of US$0.12 is 2.2% higher than last year. Ex-date: 9th April 2024 Payment date: 15th April 2024 Dividend yield will be 9.5%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) nor is it adequately covered by cash flows (98% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. EPS is expected to grow by 2.0% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Feb 07
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on April 15, 2024 Manhattan Bridge Capital, Inc. announced that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on April 10, 2024. The dividend will be paid on April 15, 2024. Upcoming Dividend • Dec 21
Upcoming dividend of US$0.11 per share at 9.3% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 16 January 2024. Trailing yield: 9.3%. Within top quartile of American dividend payers (4.5%). Lower than average of industry peers (11%). Announcement • Nov 30
Manhattan Bridge Capital, Inc. Appoints Vanessa Kao as Director On November 28, 2023, the Board of Directors of Manhattan Bridge Capital, Inc. appointed Vanessa Kao to serve as a Director of the Company, to hold office until the next annual meeting of shareholder of the Company, or until her earlier resignation or removal, to fill an existing vacancy on the Board. Ms. Kao has been the Company’s Chief Financial Officer, vice president, treasurer and secretary since rejoining the Company in June 2011. From January 2014 through April 2016, she was also the Chief Financial Officer of Jewish Marketing Solutions LLC. Since April 2016, she has been serving as a consultant to Jewish Marketing Solutions LLC. From July 2004 through April 2006, she served as the Company’s assistant Chief Financial Officer. From April 2006 through December 2013, she was the Chief Financial Officer of DAG Jewish Directories, Inc. Ms. Kao holds a M.B.A. in Finance and MIS/E-Commerce from the University of Missouri and a Bachelor’s degree of Business Administration in Finance from the National Taipei University in Taiwan. Announcement • Nov 29
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on January 16, 2024 Manhattan Bridge Capital Inc. announced that its board of directors has declared a quarterly dividend of $0.1125 per share to be paid to all shareholders of record on December 29, 2023. The dividend will be paid on January 16, 2024. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: US$0.13 (vs US$0.11 in 3Q 2022) Third quarter 2023 results: EPS: US$0.13 (up from US$0.11 in 3Q 2022). Revenue: US$1.82m (up 13% from 3Q 2022). Net income: US$1.45m (up 17% from 3Q 2022). Profit margin: 80% (up from 77% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Sep 29
Upcoming dividend of US$0.11 per share at 9.6% yield Eligible shareholders must have bought the stock before 06 October 2023. Payment date: 16 October 2023. Trailing yield: 9.6%. Within top quartile of American dividend payers (5.1%). Lower than average of industry peers (14%). Announcement • Jul 28
Manhattan Bridge Capital, Inc Declares Quarterly Dividend, Payable on October 16, 2023 Manhattan Bridge Capital, Inc. announced that its board of directors has declared a quarterly dividend of $0.1125 per share to be paid to all shareholders of record on October 10, 2023. The dividend will be paid on October 16, 2023. Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: US$0.12 (vs US$0.12 in 2Q 2022) Second quarter 2023 results: EPS: US$0.12 (up from US$0.12 in 2Q 2022). Revenue: US$1.80m (up 3.7% from 2Q 2022). Net income: US$1.42m (up 4.8% from 2Q 2022). Profit margin: 79% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Buying Opportunity • Jul 07
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be US$6.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Jun 30
Upcoming dividend of US$0.11 per share at 8.9% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 17 July 2023. Trailing yield: 8.9%. Within top quartile of American dividend payers (5.0%). Lower than average of industry peers (12%). Buying Opportunity • Jun 21
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 5.0%. The fair value is estimated to be US$6.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years, while earnings per share has been flat. Announcement • May 20
Manhattan Bridge Capital, Inc., Annual General Meeting, Jun 21, 2023 Manhattan Bridge Capital, Inc., Annual General Meeting, Jun 21, 2023, at 09:00 US Eastern Standard Time. Location: Sullivan & Worcester LLP, 1633 Broadway, 32nd Floor, 10019 New York New York United States Agenda: To consider the Election of five directors to serve until the next Annual Meeting of Shareholders and until their respective successors have been duly elected and qualified; to consider the Advisory approval of the appointment of Hoberman & Lesser CPA’s, LLP as the Company’s independent auditors for the fiscal year ending December 31, 2023; and to discuss Transaction of such other business as may properly come before the meeting and any adjournment or adjournments thereof. Buying Opportunity • Apr 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be US$6.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Mar 30
Upcoming dividend of US$0.11 per share at 8.7% yield Eligible shareholders must have bought the stock before 06 April 2023. Payment date: 17 April 2023. Trailing yield: 8.7%. Within top quartile of American dividend payers (4.8%). Lower than average of industry peers (15%). Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: US$0.45 (vs US$0.42 in FY 2021) Full year 2022 results: EPS: US$0.45 (up from US$0.42 in FY 2021). Revenue: US$6.75m (up 17% from FY 2021). Net income: US$5.21m (up 18% from FY 2021). Profit margin: 77% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 22
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 17 January 2023. Trailing yield: 8.7%. Within top quartile of American dividend payers (4.5%). Lower than average of industry peers (13%). Announcement • Dec 10
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on January 17, 2023 Manhattan Bridge Capital, Inc. announced that its board of directors has declared a quarterly dividend of $0.125 per share to be paid to all shareholders of record on December 30, 2022. The dividend will be paid on January 17, 2023. Price Target Changed • Nov 16
Price target increased to US$7.00 Up from US$6.00, the current price target is provided by 1 analyst. New target price is 25% above last closing price of US$5.61. Stock is down 7.6% over the past year. The company is forecast to post earnings per share of US$0.48 for next year compared to US$0.42 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Phil Michals was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: US$0.11 (vs US$0.098 in 3Q 2021) Third quarter 2022 results: EPS: US$0.11 (up from US$0.098 in 3Q 2021). Revenue: US$1.61m (up 12% from 3Q 2021). Net income: US$1.24m (up 12% from 3Q 2021). Profit margin: 77% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Sep 30
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 07 October 2022. Payment date: 17 October 2022. Trailing yield: 8.9%. Within top quartile of American dividend payers (4.7%). Lower than average of industry peers (15%). Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Phil Michals was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 29
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on October 17, 2022 Manhattan Bridge Capital, Inc. declared quarterly dividend of $0.125 per share to be paid to all shareholders of record on October 11, 2022. The dividend will be paid on October 17, 2022. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: US$0.12 (vs US$0.11 in 2Q 2021) Second quarter 2022 results: EPS: US$0.12 (up from US$0.11 in 2Q 2021). Revenue: US$1.74m (up 25% from 2Q 2021). Net income: US$1.36m (up 28% from 2Q 2021). Profit margin: 78% (up from 76% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Phil Michals was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 30
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 07 July 2022. Payment date: 15 July 2022. Trailing yield: 8.9%. Within top quartile of American dividend payers (4.3%). Lower than average of industry peers (12%). Announcement • Jun 23
Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend, Payable on July 15, 2022 Manhattan Bridge Capital, Inc. announced that, in accordance with the board approved dividend declared on April 15, 2022, a cash dividend of $0.125 per share will be paid to all shareholders of record on July 8, 2022. The dividend will be paid on July 15, 2022. Announcement • May 14
Manhattan Bridge Capital, Inc., Annual General Meeting, Jun 14, 2022 Manhattan Bridge Capital, Inc., Annual General Meeting, Jun 14, 2022, at 09:00 Eastern Daylight. Location: offices of Sullivan & Worcester LLP, 1633 Broadway, 32 Floor New York New York United States Agenda: To consider election of five (5) directors to serve until the next Annual Meeting of Shareholders and until their respective successors have been duly elected and qualified; to consider advisory approval of the appointment of Hoberman & Lesser CPA’s, LLP as the company’s independent auditors for the fiscal year ending December 31, 2022; to consider consideration and approval, by a nonbinding advisory vote, the compensation of our named executive officers as described in the accompanying proxy statement; and to consider transaction of such other business as may properly come before the meeting and any adjournment or adjournments thereof. Price Target Changed • Apr 27
Price target increased to US$7.00 Up from US$6.00, the current price target is provided by 1 analyst. New target price is 25% above last closing price of US$5.61. Stock is down 10% over the past year. The company is forecast to post earnings per share of US$0.50 for next year compared to US$0.42 last year. Announcement • Apr 16
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on July 15, 2022 Manhattan Bridge Capital, Inc. announced that its board of directors has declared a quarterly dividend of $0.125 per share to be paid to all shareholders of record on July 8, 2022. The dividend will be paid on July 15, 2022. Upcoming Dividend • Mar 31
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 15 April 2022. Trailing yield: 7.6%. Within top quartile of American dividend payers (3.7%). Lower than average of industry peers (9.7%). Reported Earnings • Mar 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.42 (down from US$0.44 in FY 2020). Revenue: US$5.76m (up 2.0% from FY 2020). Net income: US$4.42m (up 4.6% from FY 2020). Profit margin: 77% (up from 75% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Announcement • Feb 10
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend, Payable on April 15, 2022 Manhattan Bridge Capital, Inc. announced that its board of directors has declared a quarterly dividend of $0.125 per share to be paid to all shareholders of record on April 8, 2022. The dividend will be paid on April 15, 2022. Upcoming Dividend • Dec 23
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 18 January 2022. Trailing yield: 8.0%. Within top quartile of American dividend payers (3.6%). Lower than average of industry peers (9.0%). Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS US$0.098 (vs US$0.12 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: US$1.44m (flat on 3Q 2020). Net income: US$1.11m (down 3.6% from 3Q 2020). Profit margin: 77% (down from 80% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Sep 30
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 07 October 2021. Payment date: 15 October 2021. Trailing yield: 6.1%. Within top quartile of American dividend payers (3.6%). Lower than average of industry peers (8.5%). Reported Earnings • Jul 24
Second quarter 2021 earnings released: EPS US$0.11 (vs US$0.11 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$1.40m (down 1.3% from 2Q 2020). Net income: US$1.06m (down 3.6% from 2Q 2020). Profit margin: 76% (down from 78% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$6.65, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Mortgage REITs industry in the US. Total returns to shareholders of 13% over the past three years. Upcoming Dividend • Jul 01
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 08 July 2021. Payment date: 15 July 2021. Trailing yield: 5.4%. Within top quartile of American dividend payers (3.5%). Lower than average of industry peers (8.2%). Reported Earnings • Apr 16
First quarter 2021 earnings released: EPS US$0.12 (vs US$0.10 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.41m (up 3.9% from 1Q 2020). Net income: US$1.11m (up 8.8% from 1Q 2020). Profit margin: 78% (up from 75% in 1Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • Apr 01
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 08 April 2021. Payment date: 15 April 2021. Trailing yield: 6.9%. Within top quartile of American dividend payers (3.5%). Lower than average of industry peers (8.3%). Reported Earnings • Mar 13
Full year 2020 earnings released: EPS US$0.44 (vs US$0.47 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$5.65m (down 1.0% from FY 2019). Net income: US$4.23m (down 5.9% from FY 2019). Profit margin: 75% (down from 79% in FY 2019). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Analyst Estimate Surprise Post Earnings • Mar 13
Earnings miss expectations Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.2%. Is New 90 Day High Low • Feb 20
New 90-day high: US$5.50 The company is up 19% from its price of US$4.61 on 20 November 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage REITs industry, which is up 9.0% over the same period. Upcoming Dividend • Dec 23
Upcoming Dividend of US$0.11 Per Share Will be paid on the 15th of January to those who are registered shareholders by the 30th of December. The trailing yield of 7.8% is in the top quartile of American dividend payers (4.1%), but it is lower than industry peers (9.0%). Is New 90 Day High Low • Dec 22
New 90-day high: US$5.25 The company is up 26% from its price of US$4.17 on 22 September 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage REITs industry, which is up 21% over the same period.