Bridge Investment Group Results Presentation Deck
Appendix
Non-Controlling Interests
($ in thousands)
NON-GAAP FINANCIAL MEASURES
Fund-level fee revenues
Fund management fees
Transaction fees net
Total 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
Total Fee Related Earnings attributable to non-controlling interests from 2020
Profits Interests
Total Fee Related Earnings attributable to non-controlling interests from 2021
Profits Interests
Total Fee Related Earnings attributable to non-controlling interests from
subsidiaries of the Operating Company
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
Earnings from investments in real estate
Net interest income/(expense) and realized gain/(loss)
Distributable Earnings Attributable to the Operating Company
BRIDGE INVESTMENT GROUP
$
$
For Three Months Ended December 31, 2022
Fund Performance
Management
income
Total
55,408 $
5,033
60,441
4,164
1,651
3,925
2,475
72,656
(29,351)
(7,968)
(37,319)
35,337
(1,807)
(2,068)
(549)
30,913
4,455
(349)
(2,357)
3,083
60
(168)
35,637
$
55,408 $
5,033
60,441
4,164
1,651
3,925
2,475
72,656
(29,351)
(7,968)
(37,319)
35,337
(1,807)
(2,068)
(549)
30,913
3,083
60
(168)
33,888 $
4,455
(349)
(2,357)
1,749
Profits Interests
2019 profits interests
converted on January 1, 2022
• 2020 profits interests
converted on January 1, 2023
• 2021 profits interests
.
expected to be converted on
July 1, 2023
Will result in a reduction in
NCI and increase in Net
Income to the Operating
Company
Will result in an increase in
share count; however,
expected to be antidilutive to
public shareholders
Performance Income
The Operating Company
receives 24% to 40% of the
gross performance.
allocations
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