Bridge Investment reports Q2 distributable EPS 20c, consensus 20c

Robert Morse, Bridge’s Executive Chairman, stated “Despite market headwinds in capital raising and deployment, Bridge delivered a solid quarter with the help of growth in many of our key financial metrics, including 43% year-over-year growth in fee-earning AUM and 33% year-over-year growth in recurring management fees. This has served our platform well, providing stability to our business during a period of volatility. We have remained patient and selective through unstable times as asset prices have adjusted, and more recently have found attractive opportunities to deploy meaningful capital. As we look forward, Bridge is poised for success across a number of growth vectors, including residential rental, logistics, credit and secondaries strategies.”