Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.25.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Total revenues $ 412,432 $ 390,648 $ 409,049
Investment income (loss):      
Incentive fees 0 41 0
Performance allocations:      
Realized 49,221 41,102 69,280
Unrealized (42,433) (172,730) 115,175
Earnings from investments in real estate 0 752 2,169
Total investment income (loss) 6,788 (130,835) 186,624
Expenses:      
Employee compensation and benefits 251,323 220,869 196,629
Incentive fee compensation 0 4 0
Performance allocations compensation:      
Realized 27,262 7,779 4,396
Unrealized 4,059 (10,570) 24,870
Loss and loss adjustment expenses 22,581 11,851 6,520
Third-party operating expenses 13,795 21,990 25,675
General and administrative expenses 43,818 54,201 41,070
Depreciation and amortization 19,872 16,360 2,936
Total expenses 382,710 322,484 302,096
Other (expense) income:      
Realized and unrealized (losses) gains, net (9,677) (6,381) 4,215
Interest income 19,572 18,380 7,867
Other (expense) income, net (1,437) (2,112) 1,246
Interest expense (26,756) (28,495) (12,340)
Total other expense (18,298) (18,608) 988
Income (loss) before provision for income taxes 18,212 (81,279) 294,565
Income tax expense (1,496) (6,127) (22,195)
Net income (loss) 16,716 (87,406) 272,370
Net income (loss) attributable to non-controlling interests in Bridge Investment Group Holdings LLC (16,560) (79,900) 88,141
Net income (loss) attributable to Bridge Investment Group Holdings LLC 33,276 (7,506) 184,229
Net income (loss) attributable to non-controlling interests in Bridge Investment Group Holdings Inc. 25,271 (740) 156,960
Net income (loss) attributable to Bridge Investment Group Holdings Inc. $ 8,005 $ (6,766) $ 27,269
Earnings per share of Class A common stock      
Basic (in dollars per share) $ 0.13 $ (0.46) $ 0.92
Diluted (in dollars per share) $ 0.13 $ (0.46) $ 0.92
Weighted-average shares of Class A common stock outstanding      
Basic (in shares) 32,500,894 25,998,863 23,928,408
Diluted (in shares) 32,500,894 25,998,863 23,928,408
Fund management fees      
Revenues:      
Total revenues $ 245,925 $ 230,572 $ 221,584
Property management and leasing fees      
Revenues:      
Total revenues 72,573 77,704 76,210
Construction management fees      
Revenues:      
Total revenues 7,508 11,607 10,973
Development fees      
Revenues:      
Total revenues 3,377 2,919 4,688
Transaction fees      
Revenues:      
Total revenues 27,507 20,466 56,205
Fund administration fees      
Revenues:      
Total revenues 17,835 17,483 15,031
Insurance premiums      
Revenues:      
Total revenues 22,427 18,086 12,856
Other asset management and property income      
Revenues:      
Total revenues $ 15,280 $ 11,811 $ 11,502