Manhattan Bridge Capital, Inc. (LOAN) 10-Year Financial Performance & Capital Metrics

LOAN • • REIT / Real Estate

Real EstateMortgage REITsSpecialty Mortgage REITsSmall Business & Specialty Lenders

AboutManhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area, including New Jersey and Connecticut, and in Florida. The company's loans are primarily secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the borrowers. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Manhattan Bridge Capital, Inc. was founded in 1989 and is headquartered in Great Neck, New York.Show more

Revenue $10M +32.7%
FFO $6M +2.1%
FFO/Share 0.49 +2.4%
FFO Payout 93.52% -3.4%
FFO per Share 0.49 +2.4%
NOI Margin 76.05% -23.6%
FFO Margin 57.76% -23.0%
ROE 12.97% +1.6%
ROA 7.75% +8.0%
Debt/Assets 33.19% -18.7%
Net Debt/EBITDA 2.83 -50.5%
Book Value/Share 3.78 +1.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High NOI margin of 76.0%
✓Trading at only 1.2x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.17%

5Y11.14%

3Y18.84%

TTM-19.16%

Profit (Net Income) CAGR

10Y14.41%

5Y4.46%

3Y8.12%

TTM-6.01%

EPS CAGR

10Y5.39%

5Y0.84%

3Y5.27%

TTM-6.12%

ROCE

10Y Avg11.63%

5Y Avg9.28%

3Y Avg9.57%

Latest11.25%

Peer Comparison

Small Business & Specialty Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LOANManhattan Bridge Capital, Inc.	51.7M	4.52	9.22	32.68%	69.99%	12.22%	9.53%	0.52
REFIChicago Atlantic Real Estate Finance, Inc.	261.97M	12.43	6.61	-4.44%	64.78%	11.54%	8.84%	0.34
RCReady Capital Corporation	340.47M	2.10	-0.80	-92.98%	-15.93%	-16.58%		3.12
SACHSachem Capital Corp.	49.12M	1.03	-1.11	91.85%	-10.02%	-18.42%	26.08%	1.48
RCDReady Capital Corporation 9.00% Senior Notes due 2029	3.49B	21.59	-8.21	-92.98%	-15.93%	-16.58%		3.12
RCBReady Capital Corporation	4.03B	24.77	-9.53	112.63%	-63.23%	-8.07%		0.23
SCCGSachem Capital Corp. 8.00% Note	1.11B	23.65	-25.42	-11.23%	-81.91%	-20.88%	1.15%	1.66

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	3.31M	3.86M	4.69M	5.53M	5.71M	5.66M	5.77M	6.76M	7.3M	9.69M
Revenue Growth %	0.4%	0.17%	0.21%	0.18%	0.03%	-0.01%	0.02%	0.17%	0.08%	0.33%
Property Operating Expenses	8.07K	12.49K	8.3K	5.42K	5.16K	7.01K	9.8K	6.81K	31.73K	2.32M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	1.04M	1.01M	1.23M	1.32M	1.21M	1.45M	-1.35M	273.57K	1.83M	1.78M
G&A Expenses	1.04M	1.01M	1.23M	1.32M	1.2M	1.43M	1.35M	1.55M	1.83M	1.78M
EBITDA+	2.27M	4.65M	5.92M	8.93M	7.34M	5.67M	5.78M	8.59M	5.45M	7.92M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	5.71K	1.79M	2.46M	3.02M	2.84M	1.44M	1.36M	1.55M	4.06K	4.87K
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	2.27M	2.85M	3.46M	5.9M	4.5M	4.23M	4.42M	7.04M	5.44M	7.91M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	691.39K	780.12K	1.23M	1.7M	1.64M	1.36M	1.05M	1.82M	2.53M	2.34M
Interest Coverage	3.28x	3.66x	2.82x	3.47x	2.75x	3.12x	4.23x	3.86x	2.15x	3.38x
Non-Operating Income	-662.53K	-765.12K	-1.21M	0	0	-1.36M	-1.05M	-1.82M	-2.53M	0
Pretax Income+	2.24M	2.84M	3.44M	4.21M	4.5M	4.23M	4.42M	5.21M	5.48M	5.59M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.59K	2.15K	2.97K	642	572	645	647	650	650	650
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	2.24M	2.84M	3.44M	4.2M	4.49M	4.23M	4.42M	5.21M	5.48M	5.59M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.54%	0.27%	0.21%	0.22%	0.07%	-0.06%	0.05%	0.18%	0.05%	0.02%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	0.11%	1.06%	0.27%	0.23%	0.02%	-0.23%	0.02%	0.17%	-0.19%	0.02%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.33	0.37	0.42	0.48	0.47	0.44	0.42	0.45	0.48	0.49
EPS Growth %	0.14%	0.12%	0.14%	0.14%	-0.02%	-0.06%	-0.05%	0.07%	0.07%	0.02%
EPS (Basic)	0.33	0.37	0.42	0.48	0.47	0.44	0.42	0.45	0.48	0.49
Diluted Shares Outstanding	6.79M	7.61M	8.13M	8.8M	9.66M	9.63M	10.52M	11.49M	11.47M	11.44M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	31.66M	35.33M	45.9M	55.9M	54.44M	59.84M	67.21M	76.28M	76.43M	67.93M
Asset Growth %	0.3%	0.12%	0.3%	0.22%	-0.03%	0.1%	0.12%	0.14%	0%	-0.11%
Real Estate & Other Assets+	10.88M	7.32M	-45.81M	-55.79M	75.86K	-369.7K	75.28K	67.27K	91.22K	78.25K
PP&E (Net)	8.77K	7.98K	0	0	87.75K	369.7K	317.08K	262.22K	207.36K	154.04K
Investment Securities	50K	35K	15K	0	0	0	0	0	0	0
Total Current Assets+	20.72M	27.97M	45.8M	55.79M	54.28M	958.89K	66.81M	75.95M	6.07M	67.7M
Cash & Equivalents	106.84K	96.3K	136.44K	203.68K	118.41K	131.65K	142.55K	103.54K	104.22K	178.01K
Receivables	1000K	1000K	535.04K	596.78K	1000K	827.24K	1000K	1000K	1000K	1000K
Other Current Assets	32.87K	29.4K	45.12M	54.99M	676K	0	955.44K	1.36M	2.98M	1.54M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Total Liabilities	13.91M	13.02M	23.65M	23.82M	22.5M	27.88M	23.82M	33.42M	33.5M	24.66M
Total Debt+	12.92M	11.79M	22.29M	22.07M	20.85M	26.28M	21.65M	31.02M	31.2M	22.55M
Net Debt	12.81M	11.69M	22.16M	21.87M	20.73M	26.15M	21.51M	30.92M	31.1M	22.37M
Long-Term Debt	0	5.3M	22.29M	22.07M	20.76M	25.91M	21.32M	30.75M	30.98M	22.38M
Short-Term Borrowings	1000K	1000K	1000K	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	91.03K	372.91K	324.25K	273.49K	220.53K	167.12K
Total Current Liabilities+	13.91M	7.72M	18.27M	23.82M	1.63M	20.85M	2.17M	2.4M	1.58M	2.18M
Accounts Payable	99.64K	105.54K	167.56K	183.72K	151.82K	168.94K	154.17K	289.87K	295.29K	232.24K
Deferred Revenue	279.68K	315.41K	298.47K	404.68K	0	367.64K	0	0	0	0
Other Liabilities	-279.68K	0	-22.29M	-22.07M	15K	-26.22M	0	0	0	0
Total Equity+	17.74M	34M	44.4M	53.8M	31.94M	31.96M	43.39M	42.86M	42.93M	43.27M
Equity Growth %	0.28%	0.92%	0.31%	0.21%	-0.41%	0%	0.36%	-0.01%	0%	0.01%
Shareholders Equity	17.74M	22.31M	22.25M	32.08M	31.94M	31.96M	43.39M	42.86M	42.93M	43.27M
Minority Interest	0	11.69M	22.16M	21.72M	0	0	0	0	0	0
Common Stock	7.44K	8.31K	8.32K	9.87K	9.88K	9.88K	11.76K	11.76K	11.76K	11.76K
Additional Paid-in Capital	18.5M	23.13M	23.17M	33.11M	33.14M	33.16M	45.52M	45.54M	45.55M	45.56M
Retained Earnings	-395.71K	-459.1K	-387.67K	-448.8K	-590.81K	-403.85K	-1.35M	-1.89M	-1.57M	-1.24M
Preferred Stock	1	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	0.08%	0.08%	0.08%	0.08%	0.08%	0.07%	0.07%	0.07%	0.07%	0.08%
Return on Equity (ROE)	0.14%	0.11%	0.09%	0.09%	0.1%	0.13%	0.12%	0.12%	0.13%	0.13%
Debt / Assets	0.41%	0.33%	0.49%	0.39%	0.38%	0.44%	0.32%	0.41%	0.41%	0.33%
Debt / Equity	0.73x	0.35x	0.50x	0.41x	0.65x	0.82x	0.50x	0.72x	0.73x	0.52x
Net Debt / EBITDA	5.63x	2.51x	3.74x	2.45x	2.83x	4.61x	3.72x	3.60x	5.71x	2.83x
Book Value per Share	2.61	4.47	5.46	6.11	3.31	3.32	4.12	3.73	3.74	3.78

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.12M	3.05M	3.46M	4.36M	4.43M	4.22M	4.6M	5.17M	5.61M	4.93M
Operating CF Growth %	0.66%	0.44%	0.13%	0.26%	0.02%	-0.05%	0.09%	0.12%	0.09%	-0.12%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	2.24M	2.84M	3.44M	4.2M	4.49M	4.23M	4.42M	5.21M	5.48M	5.59M
Depreciation & Amortization	5.71K	3.81K	4.59K	3.71K	1.41K	1.14K	2.27K	2.31K	4.06K	4.87K
Stock-Based Compensation	13.66K	13.59K	13.06K	13.06K	13.06K	13.06K	13.06K	13.06K	13.06K	13.06K
Other Non-Cash Items	39.54K	101.35K	129.13K	98.69K	3.27K	101.95K	91.31K	117.83K	95.3K	88.58K
Working Capital Changes	-203.75K	81.15K	-143.12K	40.88K	-190.17K	-124K	69.4K	-177.95K	19.87K	-765.59K
Cash from Investing+	-6.88M	-3.85M	-10.37M	-9.71M	1.37M	-4.61M	-7.62M	-8.77M	1.43M	7.55M
Acquisitions (Net)	0	0	0	0	0	0	0	0	0	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	0
Other Investing	-6.87M	-3.85M	-10.37M	-9.71M	1.37M	-4.6M	-7.62M	-8.77M	1.44M	7.55M
Cash from Financing+	4.82M	791.9K	6.95M	5.57M	-6.03M	726.24K	2.7M	3.56M	-5.45M	-13.97M
Dividends Paid	-2.13M	-2.7M	-3.29M	-4M	-4.64M	-4.14M	-4.99M	-5.75M	-5.31M	-5.23M
Common Dividends	-2.13M	-2.7M	-3.29M	-4M	-4.64M	-4.14M	-4.99M	-5.75M	-5.31M	-5.23M
Debt Issuance (Net)	1000K	-28.95K	1000K	-292.45K	-1000K	1000K	-1000K	1000K	158.1K	-1000K
Share Repurchases	0	0	-172.16K	-48.74K	-29.45K	-179.25K	0	0	-261.67K	-9.8K
Other Financing	-36.89K	3.53M	-22.68K	28.35K	20.44K	-27.1K	0	-35.82K	-38.19K	0
Net Change in Cash+	59.16K	-10.54K	40.14K	218.62K	-236.65K	340.73K	-316.59K	-39.01K	1.59M	-1.49M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	47.68K	106.84K	96.3K	136.44K	355.06K	118.41K	459.14K	142.55K	103.54K	1.69M
Cash at End	106.84K	96.3K	136.44K	355.06K	118.41K	459.14K	142.55K	103.54K	1.69M	201.76K
Free Cash Flow+	2.11M	3.05M	3.46M	4.36M	4.43M	4.21M	4.6M	5.16M	5.6M	4.93M
FCF Growth %	0.68%	0.44%	0.14%	0.26%	0.02%	-0.05%	0.09%	0.12%	0.09%	-0.12%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	0.33	0.61	0.73	0.82	0.76	0.59	0.55	0.59	0.48	0.49
FFO Payout Ratio	94.91%	58.39%	55.78%	55.33%	63.2%	73.08%	86.34%	84.95%	96.86%	93.52%
NOI Margin	99.76%	99.68%	99.82%	99.9%	99.91%	99.88%	99.83%	99.9%	99.57%	76.05%
Net Debt / EBITDA	5.63x	2.51x	3.74x	2.45x	2.83x	4.61x	3.72x	3.60x	5.71x	2.83x
Debt / Assets	40.8%	33.35%	48.57%	39.49%	38.3%	43.92%	32.21%	40.67%	40.82%	33.19%
Interest Coverage	3.28x	3.66x	2.82x	3.47x	2.75x	3.12x	4.23x	3.86x	2.15x	3.38x
Book Value / Share	2.61	4.47	5.46	6.11	3.31	3.32	4.12	3.73	3.74	3.78
Revenue Growth	40.17%	16.72%	21.47%	17.88%	3.37%	-0.85%	1.91%	17.13%	7.99%	32.68%

Frequently Asked Questions

Valuation & Price

Manhattan Bridge Capital, Inc. (LOAN) has a price-to-earnings (P/E) ratio of 9.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Manhattan Bridge Capital, Inc. (LOAN) reported $7.6M in revenue for fiscal year 2024. This represents a 440% increase from $1.4M in 2011.

Manhattan Bridge Capital, Inc. (LOAN) grew revenue by 32.7% over the past year. This is strong growth.

Yes, Manhattan Bridge Capital, Inc. (LOAN) is profitable, generating $5.3M in net income for fiscal year 2024 (57.7% net margin).

Dividend & Returns

Yes, Manhattan Bridge Capital, Inc. (LOAN) pays a dividend with a yield of 10.12%. This makes it attractive for income-focused investors.

Manhattan Bridge Capital, Inc. (LOAN) has a return on equity (ROE) of 13.0%. This is reasonable for most industries.

Industry Metrics

Manhattan Bridge Capital, Inc. (LOAN) generated Funds From Operations (FFO) of $5.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Manhattan Bridge Capital, Inc. (LOAN) offers a 10.12% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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