Manhattan Bridge Capital Q2 2024 Earnings Report

Manhattan Bridge Capital EPS Results

• Actual EPS: $0.12
• Consensus EPS: $0.12
• Beat/Miss: Met Expectations
• One Year Ago EPS: N/A

Manhattan Bridge Capital Revenue Results

• Actual Revenue: $2.44 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Manhattan Bridge Capital Announcement Details

• Quarter: Q2 2024
• Date: 7/22/2024
• Time: TAS

Manhattan Bridge Capital (NASDAQ:LOAN), a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties. Its loans are secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the borrowers. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was founded in 1989 and is headquartered in Great Neck, New York.