Bridge Investment Group Results Presentation Deck
Appendix
Unaudited Historical Pro Forma & Actual Non-GAAP Measures
($ in thousands)
Fund-level fee revenues
Fund management fees
Transaction fees
Total net fund-level fee revenues
Net earnings from Bridge property operators
Development fees
Fund administration fees
Other asset management and property income
Fee Related Revenues
Cash-based employee compensation and benefits
Net administrative expenses
Fee Related Expenses
Total Fee Related Earnings
Less: Total Fee Related Earnings attributable to non-controlling
interests
Total Fee Related Earnings to the Operating Company
Realized performance allocations and incentive fees
Realized performance allocations and incentive fees compensation
Net realized performance allocations attributable to non-controlling
interests
Net insurance income (loss)
Earnings (losses) from investments in real estate
Net interest income (expense) and realized gain (loss)
Distributable Earnings attributable to the Operating Company
BRIDGE INVESTMENT GROUP
$
Three Months Ended
12/31/2020 3/31/2021 6/30/2021 9/30/2021 12/31/2021 3/31/2022
Pro Forma
32,180 $ 30,860 $
18,574
5,326
50,754
36,186
1,171
2,094
651
386
1,327
53,903
(21,653)
(1,438)
(23,091)
30,812
(8,133)
22,679
28,493
(1,704)
(2,648)
14,960
6,467
40,576 $ 49,965 $ 52,700 $ 49,380 $ 64,096 $
21,907
31,598
17,643
11,532
21,998
74,698
62,483
81,563
67,023
75,628
4,969
2,469
2,939
1,018
1,136
1,259
2,108
793
3,657
1,294
986
3,808
320
3,640
1,520
1,533
2,329
1,955
2,659
4,413
40,186
70,003
87,817
84,491
76,240
86,129
(31,228)
(32,539)
(30,120)
(6,740)
(6,617)
(20,308) (21,403) (23,173)
(2,270) (3,394) (4,802)
(6,507)
(22,578) (24,797) (27,975) (37,735)
17,608 30,752 42,028 50,082
(36,737)
(39,279)
45,212
39,503
(429)
(15,827)
1,660
909
(1,751)
$ 34,459 $ 16,947 $
(43)
(630)
¹ Pro forma assumes the Transactions and IPO occurred prior to reported period.
34,545 $
16,242
50,787
1,988
1,163
1,611
55,549
(4,486) (20,593) (17,142)
1,108
(110)
1,101
980
823
(1,381)
42,419 $ 38,659 $
(5,829)
24,923
35,629
(2,223)
(12,154) (14,568)
29,874
35,514
30,999
10,345
(1,855)
(648)
(1,995)
36,611 $
Actual
(5,913)
(124)
333
(848)
150
45,362
8,937
(560)
6/30/2022 9/30/2022 12/31/2022
(6,094)
665
40
(450)
47,900 $
977
40,480
33,581
(2,165)
(18,409)
1,406
1,251
(1,529)
54,615 $
(34,242)
(7,012)
(41,254)
44,875
(3,307)
41,568
22,308
(1,321)
(12,460)
1,183
818
(2,323)
49,773 $
55,408
5,033
60,441
4,164
1,651
3,925
2,475
72,656
(29,351)
(7,968)
(37,319)
35,337
(4,424)
30,913
4,455
(349)
(2,357)
3,083
60
(168)
35,637
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