Bridge Investment Group Results Presentation Deck
GAAP INCOME STATEMENT
GAAP Consolidated and Combined Statements of Operations (Unaudited)
($ in thousands, except shares and per share amounts)
Revenues:
Fund management fees
Property management and leasing fees
Construction management fees
Development fees
Transaction fees
Fund administration fees
Insurance premiums
Other asset management and property income
Total revenues
Investment income:
Incentive fees
Performance allocations: realized
Performance allocations: unrealized
Earnings from investments in real estate
Total investment income
Expenses:
Employee compensation and benefits
Incentive fee compensation
Performance allocations compensation: realized
Performance allocations compensation: unrealized
Loss and loss adjustment expenses
Third-party operating expenses
General and administrative expenses
Depreciation and amortization
Total expenses
Other income (expense):
Realized and unrealized gains, net
Interest income
Other income (expense), net
Interest expense
Total other income (expense)
Income before provision for income taxes
Income tax provision
Net income
Net income attributable to non-controlling interests in Bridge Investment Group Holdings
LLC
Net income attributable to Bridge Investment Group Holdings LLC
Net income attributable to Common Control Group prior to Transactions and IPO
Net income attributable to non-controlling interests in Bridge Investment Group Holdings
Inc. subsequent to Transactions and IPO
Net income (loss) attributable to Bridge Investment Group Holdings Inc. subsequent to
Transactions and IPO
Earnings (loss) per share of Class A common stock - Basic and Diluted
Weighted-average shares of Class A common stock outstanding - Basic and Diluted
BRIDGE INVESTMENT GROUP
$
$
$
Three Months Ended
December 31,
2022
55,408 $
19,527
3,246
1,651
5,033
3,925
4,208
2,475
95,473
4,455
(4,437)
60
78
47,489
349
3,856
1,125
6,033
11,108
713
70,673
(100)
3,402
1,246
(3,571)
977
25,855
(7,610)
18,245
299
17,946
18,385
(439) $
(0.04) $
24,373,172
2021
49,965 $
16,062
2,304
1,136
31,598
3,605
2,649
107,319
1,559
8,786
137,638
333
148.316
41,487
133
515
20,910
3,729
7,102
8,619
651
83,146
705
1,093
(1,723)
(1,957)
(1,882)
170,607
(4,821)
165,786
85,259
80,527
67,604
12,923 $
0.52 $
22,742,137
Year Ended
December 31,
2022
221,584 $
76,210
10,973
4,688
56,205
15,031
12,856
11,502
409,049
69,280
115,175
2,169
186,624
196,629
4,396
24,870
6,520
25,675
41,070
2,936
302,096
4,215
7,867
1,246
(12,340)
988
294,565
(22,195)
272,370
88,141
184,229
156,960
27,269 $
0.92 $
23,928,408
2021
155,928
69,654
8,292
3,703
75,073
10,051
7,313
330,014
2,469
80,970
248,647
2,132
334,218
142,707
215
6,611
31,069
8,075
33,427
24,815
2,830
249,749
9,368
3,265
(1,723)
(8,504)
2,406
416,889
(8,262)
408,627
155,922
252,705
117,971
111,508
23,226
0.93
22,515,868
Financial Results
GAAP Net Income was
$18.2 million and
$272.4 million for the 4th
quarter and FY 2022,
respectively
GAAP Net Income (Loss)
attributable to Bridge
Investment Group Holdings
Inc. was $(0.4) million and
$27.3 million for the 4th
quarter and FY 2022,
respectively
Earnings (loss) per share of
Class A common stock -
basic and diluted was
$(0.04) and $0.92 for the
4th quarter and FY 2022,
respectively
For the quarter and year ended December 31, 2021, the
earnings per share amounts are for the period following the
Transaction and IPO from July 16, 2021 through December 31,
2021. Refer to Notes 1 and 19 of the Form 10-K for further
information.
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