Bridge Investment Group Holdings Inc. reported a net loss of $(37.6) million for the quarter ended March 31, 2025. The net loss attributable to Bridge per share of Class A common stock was $(0.37) on both a basic and diluted basis.
Fee Related Earnings to the Operating Company for the first quarter were $24.6 million. Distributable Earnings of the Operating Company amounted to $17.0 million, or $0.09 per share after-tax.
The company did not declare a quarterly dividend for the first quarter of 2025. In accordance with its merger agreement with Apollo Global Management Inc., Bridge expects to declare and pay a final dividend to stockholders in respect of any tax distributions made prior to the closing of the Apollo transaction.
Due to the pending merger transaction with Apollo, Bridge Investment Group did not hold a first quarter 2025 earnings conference call and webcast. As of March 31, 2025, the company's assets under management were approximately $49 billion.
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