LOAN
Manhattan Bridge Capital, Inc.4.8000
-0.0600-1.23%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
54.91MP/E (TTM)
10.21Basic EPS (TTM)
0.47Dividend Yield
0.09%Recent Filings
8-K
Secures $10M credit line
MBC Funding II secured a $10M line of credit from Valley National Bank on December 12, 2025, maturing December 12, 2027, at Term SOFR + 2.95% (3% floor), backed by all assets and guaranteed by Manhattan Bridge Capital and Assaf Ran ($500K cap). This followed full redemption of $6M 6% senior notes on December 15. Swapped costlier bonds for flexible funding.
8-K
Full notes redemption announced
8-K
Authorizes 100K share buyback
Manhattan Bridge Capital authorized a share buyback of up to 100,000 common shares on November 20, 2025, executable in open or private deals over 12 months at board discretion. CEO Assaf Ran cited the stock's sharp drop as a buying opportunity, backed by low leverage and strong track record. Buybacks signal confidence. Program can end anytime.
10-Q
Q3 FY2025 results
Manhattan Bridge Capital's Q3 revenue dipped 12.0% y/y to $2.0M, driven by lower interest income from a shrinking loan portfolio and fewer originations, yet operating income held at $1.2M, down 14.1% y/y, thanks to 21.4% cheaper borrowing costs on the Webster Credit Line. For the nine months, revenue fell 9.1% y/y to $6.7M while net income edged down 6.9% to $3.99M, with diluted EPS steady at $0.35 on 11.44M shares. Cash from operations climbed to $3.8M, fueling $7.4M in line repayments that trimmed debt to $9.0M at 7.8%, alongside $6.0M in 6% notes due 2026—slated for early redemption. Loan collections outpaced new issuances, bolstering liquidity. Borrower concentration risks linger, with one party tied to 10.7% of the portfolio.
10-Q
Q2 FY2025 results
Manhattan Bridge Capital's Q2 revenue dipped 3.6% y/y to $2.4M, driven by lower interest income from a slight reduction in loans receivable, yet origination fees rose 11.0% to $456K, keeping operating income steady at $1.4M. For the half-year, revenue fell 7.7% y/y to $4.6M while net income edged down 3.4% to $2.8M, with interest expense dropping 26.0% y/y to $958K thanks to lower SOFR rates and borrowings. Cash climbed to $209K, bolstered by $2.4M operating cash flow, against $16.5M on a $32.5M line at 7.9% and $6.0M notes due 2026. Loans held firm at $65.2M net, with no impairments. Borrower concentration risks 12% of the portfolio to one individual.
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