The following is a summary of the Bridge Investment Group Holdings Inc. (BRDG) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Bridge Investment Group reported a GAAP net income of $10.6 million for Q3 2024.

• Distributable earnings of the operating company were $28.2 million, or $0.15 per share after tax.

• The company declared a Q3 dividend of $0.10 per share, payable on December 20th.

Business Progress:

• Bridge acquired $349 million of multifamily and workforce assets, $40 million in logistics assets, and deployed $966 million in debt strategies.

• Announced the formation of a PE secondaries business and expansion of single-family rental and logistics verticals.

• Opened new offices in major markets including Dubai, enhancing global presence and investor base.

Opportunities:

• Bridge sees a reemerging real estate market as an attractive investment opportunity, citing parallels to post-global financial crisis conditions.

• Continued expansion in logistics and single-family rental sectors, expecting increased capital deployment and investor interest in these areas.

• Plans to escalate efforts in retail distribution and broaden product offerings.

Risks:

• Acknowledgement of a still-muted environment, necessitating careful selection in asset deployment and capital expenditure

• Historical declines in real estate values and a slow recovery phase could pose challenges to quick revenue realization.

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