Earnings Call Summary | Bridge Investment(BRDG.US) Q1 2024 Earnings Conference
Earnings Call Summary | Bridge Investment(BRDG.US) Q1 2024 Earnings Conference
The following is a summary of the Bridge Investment Group Holdings Inc. (BRDG) Q1 2024 Earnings Call Transcript:
以下是橋牌投資集團控股公司（BRDG）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Bridge Investment Group reported a GAAP net loss of approximately $36.8 million for Q1 2024.
Net income attributable to Bridge per share of Class A common stock was $0.24 and a net loss of $0.05.
Distributable earnings of the Operating Company were $32.2 million, or $0.17 per share after tax, and the company declared a dividend of $0.12 per share.
Distributable earnings increased 27% from the previous quarter and fee-related earnings to the Operating Company increased 19%.
The company has grown its quarterly fee-related earnings base at a 12% CAGR since its IPO, from $24.9 million in 2Q 2021 to $33.9 million as of Q1 2024.
Fee-earning assets under management have grown at a CAGR of 29% due to successful fundraising, the launch of new strategies, and the acquisition of Newbury Partners.
Bridge Investment Group報告稱，2024年第一季度的GAAP淨虧損約爲3,680萬美元。
歸屬於Bridge的A類普通股每股淨收益爲0.24美元，淨虧損爲0.05美元。
運營公司的可分配收益爲3,220萬美元，稅後每股收益爲0.17美元，該公司宣佈派發每股0.12美元的股息。
可分配收益比上一季度增長了27％，運營公司的費用相關收益增長了19％。
自首次公開募股以來，該公司以12％的複合年增長率增長了其季度費用相關收益基礎，從2021年第二季度的2490萬美元增長到2024年第一季度的3390萬美元。
由於成功籌款、新戰略的推出以及對紐伯裏合夥人的收購，管理的收費資產以29％的複合年增長率增長。
Business Progress:
業務進展：
Bridge has maintained a patient investment approach given the volatile real estate environment and now has $3.1 billion of dry powder to capitalize on selected opportunities.
The company is expanding on its capital raising activities in 2024, with primary strategies being the 'four horsemen', including debt strategies, Workforce & Affordable Housing, Newbury Partners Secondaries, and Logistics Value-add strategies.
Bridge has launched an accredited investor-focused product within their net lease industrial income vertical to capitalize on the growing retail investor segment.
The company sees future growth in its multifamily and logistics investments, projecting that demand will exceed supply in these sectors by 2025.
Bridge plans to match capital raising efforts with the size of the available opportunity and has built an internal debt capital markets team for daily communication with around 100 different lenders.
Bridge is developing new products for the wealth management channel with defined liquidity characteristics that align with their investment pool.
Despite the surge of supply in multifamily sectors, Bridge stands competitive through intensive operational strategies, maintaining a high balance between rent and occupancy.
在動盪的房地產環境下，Bridge一直保持耐心的投資方針，現在有31億美元的乾粉可以利用選定的機會。
該公司將在2024年擴大其籌資活動，主要策略是 “四騎士”，包括債務策略、勞動力與經濟適用房、紐伯裏合夥人二級投資和物流增值戰略。
Bridge已在其垂直領域的淨租賃工業收益範圍內推出了一款以投資者爲中心的認可產品，以利用不斷增長的散戶投資者細分市場。
該公司預計，其多戶住宅和物流投資未來將增長，預計到2025年，這些領域的需求將超過供應。
Bridge計劃將籌資工作與可用機會的規模相匹配，併成立了一個內部債務資本市場團隊，負責與大約100家不同的貸款機構進行日常溝通。
Bridge正在爲财富管理渠道開發新產品，這些產品具有與其投資池一致的明確流動性特徵。
儘管多戶住宅領域的供應激增，但Bridge通過密集的運營策略保持了競爭力，保持了租金和入住率之間的高平衡。
More details: Bridge Investment IR
更多詳情： 橋牌投資投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。