BRDG - Bridge Investment Group Holdings Inc. (BRDG) Q4 2023 Earnings Call Transcript
2024-02-22 13:28:10 ET
Bridge Investment Group Holdings Inc. (BRDG)
Q4 2023 Earnings Conference Call
February 22, 2024 8:30 AM ET
Company Participants
Bonni Rosen – Director-Shareholder Relations
Robert Morse – Executive Chairman
Jonathan Slager – Chief Executive Officer
Katie Elsnab – Chief Financial Officer
Conference Call Participants
Finian O'Shea – Wells Fargo Securities
Ken Worthington – J.P. Morgan
Adam Beatty – UBS
Bill Katz – TD Cowen
Presentation
Operator
Greetings, and welcome to the Bridge Investment Group’s 4Q 2023 and Full Year 2023 Earnings Call and Webcast. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Bonni Rosen, Director of Shareholder Relations. Thank you, Bonni. You may begin.
Bonni Rosen
Good morning, everyone. Welcome to the Bridge Investment Group conference call to review our fourth quarter and full year 2023 financial results. Prepared remarks include comments from our Executive Chairman, Robert Morse; Chief Executive Officer, Jonathan Slager; and Chief Financial Officer, Katie Elsnab. We will hold a Q&A session following the prepared remarks.
I'd like to remind you that today's call may include forward-looking statements, which are uncertain outside the firm's control and may differ materially from actual results. We do not undertake any duty to update these statements. For a discussion of some of the risks that could affect results, please see the Risk Factors section of our Form 10-K.
During the call, we will also discuss certain non-GAAP financial metrics. The reconciliation of the non-GAAP metrics are provided in the appendix of our supplemental slides. The supplemental materials are accessible on our IR website at ir.bridgeig.com. These slides can be found under the Presentations portion of the site along with the fourth quarter earnings call of that link. They are also available live during the webcast.
I will present our GAAP metrics, and Katie will review and analyze our non-GAAP data. We reported GAAP net income to the company for the fourth quarter of 2023 of approximately $700,000. On a basic and diluted basis, net loss attributable to Bridge per share of Class A common stock was $0.20, mostly due to changes in non-cash items.
Distributable earnings of the operating company were $25.3 million or $0.14 per share after tax, and our Board of Directors declared a dividend of $0.07 per share which will be paid to shareholders of record as of March 8....
Bridge Investment Group Holdings Inc. (BRDG) Q4 2023 Earnings Call Transcript