Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.24.1.u1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total revenues $ 102,790 $ 91,448
Performance allocations:    
Realized 12,969 3,162
Unrealized (61,670) (107,025)
Total investment loss (48,701) (103,863)
Expenses:    
Employee compensation and benefits 62,840 51,178
Performance allocations compensation:    
Realized 7,407 1,732
Unrealized 3,178 (14,670)
Loss and loss adjustment expenses 2,682 2,320
Third-party operating expenses 4,037 6,110
General and administrative expenses 11,349 13,893
Depreciation and amortization 5,437 1,093
Total expenses 96,930 61,656
Other (expense) income:    
Realized and unrealized (losses) gains, net (4,230) 1,487
Interest income 5,790 3,454
Interest expense (7,365) (4,145)
Total other (loss) income (5,805) 796
Loss before provision for income taxes (48,646) (73,275)
Income tax benefit 11,846 5,844
Net loss (36,800) (67,431)
Net loss attributable to non-controlling interests in Bridge Investment Group Holdings LLC (41,921) (56,249)
Net income (loss) attributable to Bridge Investment Group Holdings LLC 5,121 (11,182)
Net loss attributable to non-controlling interests in Bridge Investment Group Holdings Inc. (4,697) (13,216)
Net income attributable to Bridge Investment Group Holdings Inc. $ 9,818 $ 2,034
Earnings Per Share [Abstract]    
Basic (in dollars per share) $ 0.24 $ 0.03
Diluted (in dollars per share) $ (0.05) $ (0.13)
Weighted-average shares of Class A common stock outstanding (Note 21)    
Basic (in shares) 31,342,979 25,068,319
Diluted (in shares) 128,667,354 123,881,500
Fund management fees    
Revenues:    
Total revenues $ 61,105 $ 53,849
Property management and leasing fees    
Revenues:    
Total revenues 19,937 19,899
Construction management fees    
Revenues:    
Total revenues 1,697 3,285
Development fees    
Revenues:    
Total revenues 831 335
Transaction fees    
Revenues:    
Total revenues 6,800 2,377
Fund administration fees    
Revenues:    
Total revenues 5,058 4,177
Insurance premiums    
Revenues:    
Total revenues 4,697 4,729
Other asset management and property income    
Revenues:    
Total revenues $ 2,665 $ 2,797