Bridge Investment Group Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

6 Months Ended

Jun. 30, 2022

EARNINGS PER SHAREBasic and diluted earnings per share of Class A common stock is presented only for the three and six months ended June 30, 2022. There were no shares of Class A common stock outstanding prior to the Transactions and the IPO, therefore, no earnings per share information has been presented for any period prior to the date of the IPO. The following

table presents our EPS for the three and six months ended June 30, 2022, respectively (in thousands, except per share amounts):


Numerator:	Three Months Ended June 30, 2022		Six Months Ended June 30, 2022
Net income attributable to Bridge Investment Group Holdings Inc.	$	12,940	$	22,711
Less:
Income allocated to Restricted Stock and RSUs	(915)		(1,608)
Distributions on Restricted Stock and RSUs	(1,436)		(2,432)
Net income available to Class A common shareholders - basic and diluted	$	10,589	$	18,671

Denominator:
Weighted-average shares of Class A common stock outstanding - basic and diluted	24,029,107		23,581,393
Earnings per share of Class A common stock - basic and diluted	$	0.44	$	0.79

Basic earnings per share is calculated by dividing earnings available to Class A common shareholders by the weighted-average number of Class A common shares outstanding for the period. Restricted Stock and RSUs that contain non-forfeitable rights to dividends are participating securities and are included in the computation of earnings per share pursuant to the two-class method. Accordingly, distributed and undistributed earnings attributable to unvested Restricted Stock have been excluded as applicable, from earnings available to Class A common stockholders used in basic and diluted earnings per share.

Diluted earnings per share of Class A common stock is computed by dividing earnings available to Bridge Investment Group Holdings Inc., giving consideration to the reallocation of net income between holders of Class A common stock and non-controlling interests, by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities, if any.

Shares of the Company’s Class B common stock do not share in the earnings or losses attributable to the Company and therefore are not participating securities. As a result, a separate presentation of basic and diluted earnings per share of Class B common stock under the two-class method has not been included.