Detail akcie Manhattn Bridge online

Business Summary: Manhattan Bridge Capital, Inc. is a real estate finance company, which is focused on originating, servicing, and managing a portfolio of first mortgage loans. It offers short-term, secured, and non-banking loans initial term expires, to real estate investors to fund their acquisition, renovation, rehabilitation, or improvement of properties located in the New York metropolitan area, including New Jersey, Connecticut, and others. Its real estate lending activities involve originating, funding, servicing, and managing short-term loans, which is loans with an initial term of not more than one year; secured by first mortgage liens on real estate property located in the New York metropolitan area. Borrowers use the proceeds from its loans for one of three purposes: to acquire and renovate existing residential, including single, two or three-family, real estate properties; to acquire vacant land and construct residential real properties; and to purchase and hold income-producing properties.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Manhattan Bridge Capital Inc revenues increased 7% to $2.6M. Net income increased 17% to $1.5M. Revenues reflect Interest income from loans increase of 10% to $2.1M. Net income benefited from General & Administration decrease of 17% to $410K (expense). Dividend per share increased from $0.11 to $0.12. Basic Earnings per Share excluding Extraordinary Items increased from $0.11 to $0.13.