Annual report pursuant to Section 13 and 15(d)

Condensed Combined and Consolidated Statements of Operations (Unaudited)

v3.22.0.1
Condensed Combined and Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Total revenues $ 330,014 $ 231,948 $ 246,276
Investment income:      
Incentive fees 2,469 5,898
Performance allocations      
Realized gains 80,970 42,365 41,738
Unrealized gains (losses) 248,647 61,803 30,051
Earnings (losses) from investments in real estate 2,132 522 1,697
Total investment income 334,218 104,690 79,384
Expenses:      
Employee compensation and benefits 142,707 100,932 95,156
Incentive fee compensation 215 581
Performance allocations compensation      
Realized gains 6,611 4,281 3,895
Unrealized gain 31,069 8,983 5,461
Loss and loss adjustment expenses 8,075 3,119 2,622
Third-party operating expenses 33,427 28,415 32,853
General and administrative expenses 24,815 17,249 17,953
Depreciation and amortization 2,830 3,214 2,769
Total expenses 249,749 166,193 161,290
Other income (expense)      
Net realized and unrealized gains 9,368 549 (1,812)
Interest income 3,265 1,527 1,837
Other Expenses (1,723)
Interest expense (8,504) (5,058) (2,777)
Total other income (expense) 2,406 (2,982) (2,752)
Income before provision for income taxes 416,889 167,463 161,618
Income tax provision (8,262) (1,006) (985)
Net Income (Loss) Attributable to Parent, Total 408,627 166,457 160,633
Net income attributable to the Company 252,705 146,922 140,362
Net income attributable to Bridge Investment Group Holdings Inc. subsequent to Transactions and IPO $ 23,226
Earnings per share of Class A common stock - Basic and Diluted [1] $ 0.93    
Weighted-average shares of Class A common stock outstanding - basic and diluted [1] 22,515,868    
Fund Management Fees [Member]      
Revenues:      
Total revenues $ 155,928 110,235 118,194
Property Management And Leasing Fees [Member]      
Revenues:      
Total revenues 69,654 59,986 59,754
Construction Management Fees [Member]      
Revenues:      
Total revenues 8,292 8,155 7,312
Development Fees [Member]      
Revenues:      
Total revenues 3,703 1,966 555
Transaction Fees [Member]      
Revenues:      
Total revenues 75,073 39,298 48,088
Insurance Premiums [Member]      
Revenues:      
Total revenues 10,051 6,291 5,246
Other Asset Management And Property Income [Member]      
Revenues:      
Total revenues 7,313 6,017 7,127
Bridge Investment Group Holdings Llc [Member]      
Other income (expense)      
Net income attributable to non-controlling interests 155,922 19,535 20,271
BRIDGE INVESTMENT GROUP HOLDINGS INC [Member]      
Other income (expense)      
Net income attributable to non-controlling interests 111,508
Common Control Group      
Other income (expense)      
Net income attributable to the Company $ 117,971 $ 146,922 $ 140,362
[1] (1) Represents the period following the Transactions and the IPO, from July 16, 2021 through December 31, 2021, as described in Note 23, “Earnings Per Share.”