| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
BRDG Stock Overview
Bridge Investment Group Holdings Inc. engages in the real estate investment management business in the United States.
Bridge Investment Group Holdings Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$17.95 |
| 52 Week High | US$25.61 |
| 52 Week Low | US$13.74 |
| Beta | 0 |
| 1 Month Change | 15.58% |
| 3 Month Change | -2.45% |
| 1 Year Change | -3.50% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 14.70% |
Recent News & Updates
Bridge Investment Is Well Positioned Despite Rising Cost Of Capital
Bridge Investment Group went public in July 2021, raising approximately $300 million in an IPO. The firm invests in real estate projects and other investment opportunities in the United States. BRDG has produced uneven but impressive growth and appears well positioned despite a rising cost of capital environment. With BRDG at around $18.30 per share, my outlook is a Buy. A Quick Take On Bridge Investment Group Bridge Investment Group Holdings Inc. (BRDG) went public in July 2021, raising approximately $300 million in gross proceeds from an IPO that priced at $16.00 per share. The firm is a vertically integrated investment manager for various real estate verticals focused on the United States. For investors seeking a significant dividend plus a recession resistant stock, BRDG is a strong candidate for consideration. At around $18.30 per share, my outlook is a Buy for BRDG. Bridge Investment Group Overview Salt Lake City, Utah-based Bridge was founded to develop a nationwide platform to provide institutional and individual investors with exposure to a variety of asset classes within the real estate sector in the United States. Management is headed by Chief Executive Officer Jonathan Slager, who has been with the firm since its inception and has more than 35 years' experience in real estate, finance and software companies. Below is a map of the firm's asset types and coverage, as of July, 2021: Asset Map - July 2021 (SEC EDGAR) The firm seeks to directly operate the properties it owns, which now span 40 U.S. states in both primary and secondary markets. Bridge has equity and debt investments in multifamily, office, workforce housing, senior housing, logistics and other investment classes. Bridge's Market & Competition Management forecasts a strong need for affordable housing via an informed, socially responsible approach. Recently, Bridge launched its Logistics Net Lease and Logistics Properties platforms focusing on the acquisition of Class A and B industrial properties in the top 75 MSAs in the U.S. as well as potential development of new properties in infill, last-mile driven markets. Bridge markets its funds through RIAs (Registered Investment Advisors) and directly to high-net-worth individuals, family offices and institutional investors. Also, as of July 2021, the company had over 6,500 fund investors representing 57% of committed capital and 115 institutional investors accounting for the other 47%. (Source) Major competitive or other industry participants include: Asset management firms Commercial banks Broker-dealers Insurance companies Alternative asset management firms Bridge Investment's Recent Financial Performance Total revenue by quarter has registered uneven growth: 5 Quarter Total Revenue (Seeking Alpha) Gross profit by quarter has also been considerably variable over the past 5 quarters: 5 Quarter Gross Profit (Seeking Alpha) Selling, G&A expenses as a percentage of total revenue by quarter have varied as well: 5 Quarter SG&A % Of Revenue (Seeking Alpha) Operating income by quarter has fluctuated substantially: 5 Quarter Operating Income (Seeking Alpha) Earnings per share (Diluted) have varied: 5 Quarter Earnings Per Share (Seeking Alpha) (All data in above charts is GAAP) In the past 12 months, BRDG's stock price has fallen only 1.7% vs. the U.S. S&P 500 index' drop of around 4.1%, as the chart below indicates: 52 Week Stock Price (Seeking Alpha) Valuation And Other Metrics For Bridge Below is a table of relevant capitalization and valuation figures for the company: Measure [TTM] Amount Enterprise Value $1,190,000,000 Market Capitalization $2,110,000,000 Enterprise Value / Sales 1.46 Revenue Growth Rate 80.0% Operating Cash Flow $253,130,000 Earnings Per Share (Fully Diluted) $1.72 Net Income Margin 33.6% (Source - Seeking Alpha) Commentary On Bridge In its last earnings call (Source - Seeking Alpha), covering Q2 2022's results, management highlighted the growing turbulence in the overall market environment, although its primary focus on residential rental investments is paying off due to strong rent rates from a nationwide housing shortage.
Bridge Investment Group Q2 Non-GAAP EPS, revenue beats
Bridge Investment Group press release (NYSE:BRDG): Q2 Non-GAAP EPS of $0.32 (vs. $0.25 Y/Y) beats by $0.11. Revenue of $99M (+37.5% Y/Y) beats by $21.93M.
Shareholder Returns
| BRDG | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 0.06% | 5.3% | 4.5% |
| 1Y | -3.5% | -12.2% | -8.9% |
Return vs Industry: BRDG exceeded the US Capital Markets industry which returned -12.2% over the past year.
Return vs Market: BRDG exceeded the US Market which returned -8.9% over the past year.
Price Volatility
| BRDG volatility | |
|---|---|
| BRDG Average Weekly Movement | 4.9% |
| Capital Markets Industry Average Movement | 0.5% |
| Market Average Movement | 7.6% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: BRDG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BRDG's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | 1,800 | Jonathan Slager | https://www.bridgeig.com |
Bridge Investment Group Holdings Inc. engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.
Bridge Investment Group Holdings Inc. Fundamentals Summary
| BRDG fundamental statistics | |
|---|---|
| Market Cap | US$2.11b |
| Earnings (TTM) | -US$74.53m |
| Revenue (TTM) | US$815.61m |
0.6x
P/S Ratio-7.0x
P/E RatioIs BRDG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BRDG income statement (TTM) | |
|---|---|
| Revenue | US$815.61m |
| Cost of Revenue | US$8.37m |
| Gross Profit | US$807.25m |
| Other Expenses | US$881.78m |
| Earnings | -US$74.53m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -2.56 |
| Gross Margin | 98.97% |
| Net Profit Margin | -9.14% |
| Debt/Equity Ratio | 23.6% |
How did BRDG perform over the long term?
See historical performance and comparisonDividends
4.0%
Current Dividend Yield-22%
Payout RatioDoes BRDG pay a reliable dividends?
See BRDG dividend history and benchmarks| Bridge Investment Group Holdings dividend dates | |
|---|---|
| Ex Dividend Date | Sep 01 2022 |
| Dividend Pay Date | Sep 16 2022 |
| Days until Ex dividend | 14 days |
| Days until Dividend pay date | 29 days |
Does BRDG pay a reliable dividends?
See BRDG dividend history and benchmarks