Quarterly report pursuant to Section 13 or 15(d)

Condensed Combined and Consolidated Statements of Operations (Unaudited)

v3.21.2
Condensed Combined and Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 92,171 $ 51,352 $ 222,695 $ 160,203
Investment income:        
Incentive fees 0 0 910 0
Performance allocations        
Realized gains 30,999 4,437 72,184 13,872
Unrealized gains (losses) 53,042 14,663 111,009 12,045
Earnings (losses) from investments in real estate 823 183 1,799 (407)
Total investment income 84,864 19,283 185,902 25,510
Expenses:        
Employee compensation and benefits 31,763 22,826 101,220 67,358
Incentive fee compensation 0 0 82 0
Performance allocations compensation        
Realized gains 1,855 438 6,096 1,343
Unrealized gain 2,682 1,542 10,159 1,398
Loss and loss adjustment expenses 1,429 1,535 4,346 3,213
Third-party operating expenses 11,581 6,033 26,325 21,676
General and administrative expenses 6,703 4,448 16,196 13,209
Depreciation and amortization 699 672 2,179 2,016
Total expenses 56,712 37,494 166,603 110,213
Other income (expense)        
Net realized and unrealized gains 2,565 (143) 8,663 663
Interest income 1,008 358 2,172 961
Interest expense 2,407 1,701 6,547 2,626
Total other income (expense) 1,166 (1,486) 4,288 (1,002)
Income before provision for income taxes 121,489 31,655 246,282 74,498
Income tax provision (2,607) (397) (3,441) (579)
Net Income (Loss) Attributable to Parent, Total 118,882 31,258 $ 242,841 73,919
Net income attributable to the Company $ 10,054      
Earnings per share of Class A common stock - Basic and Diluted [1] $ 0.41   $ 0.41  
Weighted-average shares of Class A common stock outstanding - basic and diluted [1] 22,284,351   22,284,351  
Fund Management Fees [Member]        
Revenues:        
Total revenues $ 40,576 26,624 $ 105,963 78,066
Property Management And Leasing Fees [Member]        
Revenues:        
Total revenues 22,510 13,747 53,592 45,114
Construction Management Fees [Member]        
Revenues:        
Total revenues 2,097 1,792 5,988 5,569
Development Fees [Member]        
Revenues:        
Total revenues 1,018 738 2,567 1,315
Transaction Fees [Member]        
Revenues:        
Total revenues 21,907 5,085 43,475 20,724
Insurance Premiums [Member]        
Revenues:        
Total revenues 2,530 2,220 6,446 4,725
Other Asset Management And Property Income [Member]        
Revenues:        
Total revenues 1,533 1,146 4,664 4,690
Bridge Investment Group Holdings Llc        
Other income (expense)        
Net income attributable to non-controlling interests 60,900 4,089 70,663 10,574
Net income attributable to the Company 57,982 27,169 172,178 63,345
BRIDGE INVESTMENT GROUP HOLDINGS INC [Member]        
Other income (expense)        
Net income attributable to non-controlling interests 43,904 0 43,904 0
Net income attributable to the Company 10,303 0 10,303 0
Common Control Group        
Other income (expense)        
Net income attributable to non-controlling interests 3,775      
Net income attributable to the Company 3,775 $ 27,169 $ 117,971 $ 63,345
Subsidiaries [Member]        
Other income (expense)        
Net income attributable to non-controlling interests $ 44,153      
[1]

(1) Represents the period following the Transactions and the IPO, from July 16, 2021 through September 30, 2021, as described in note 23.