Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated and Combined Statements of Operations (Unaudited)

v3.22.1
Condensed Consolidated and Combined Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Total revenues $ 104,134 $ 58,550
Investment income:    
Incentive fees 0 910
Performance allocations    
Realized gains 8,937 5,557
Unrealized gains (losses) 65,862 14,719
Earnings (losses) from investments in real estate 40 (3)
Total investment income 74,839 21,183
Expenses:    
Employee compensation and benefits 47,480 27,151
Incentive fee compensation 0 82
Performance allocations compensation    
Realized gains 560 494
Unrealized gain 9,238 1,429
Loss and loss adjustment expenses 1,751 786
Third-party operating expenses 6,768 8,626
General and administrative expenses 9,508 4,101
Depreciation and amortization 633 753
Total expenses 75,938 43,422
Other income (expense)    
Net realized and unrealized gains 427 5,798
Interest income 1,209 608
Interest expense (1,621) (1,587)
Total other income (expense) 15 4,819
Income before provision for income taxes 103,050 41,130
Income tax provision (5,545) (410)
Net Income (Loss) Attributable to Parent, Total 97,505 40,720
Net income attributable to the Company 9,772 0
Net income attributable to the Company 9,780  
Net income attributable to Bridge Investment Group Holdings LLC $ 60,792 36,771
Earnings per share of Class A common stock - Basic and Diluted $ 0.35  
Weighted-average shares of Class A common stock outstanding - basic and diluted 23,138,030  
Fund Management Fees [Member]    
Revenues:    
Total revenues $ 52,700 30,851
Property Management And Leasing Fees [Member]    
Revenues:    
Total revenues 18,279 16,747
Construction Management Fees [Member]    
Revenues:    
Total revenues 1,887 1,826
Development Fees [Member]    
Revenues:    
Total revenues 1,259 386
Transaction Fees [Member]    
Revenues:    
Total revenues 21,998 5,326
Fund Administration Fees [Member]    
Revenues:    
Total revenues 3,640
Insurance Premiums [Member]    
Revenues:    
Total revenues 2,416 1,894
Other Asset Management And Property Income [Member]    
Revenues:    
Total revenues 1,955 1,520
Bridge Investment Group Holdings Llc    
Other income (expense)    
Net income attributable to non-controlling interests 36,713 3,949
BRIDGE INVESTMENT GROUP HOLDINGS INC [Member]    
Other income (expense)    
Net income attributable to non-controlling interests 51,020 0
Common Control Group    
Other income (expense)    
Net income attributable to the Company $ 0 $ 36,771