Bridge Investment reports Q3 distributable EPS 15c, consensus 18c

The company said, “Bridge’s operations and financial results remain resilient and we are optimistic about the outlook for our business as commercial real estate conditions continue to strengthen. Notably, improvements in debt markets and capital costs have led to early signs of recovery in volumes and valuations. While the recovery will play out over time, the convergence of strong secular tailwinds in many of our specialized verticals, favorable supply/demand dynamics, reset asset prices and normalizing borrowing conditions all indicate a positive future for Bridge.”