Manhattan Bridge Capital reported its 2025 financial results, showing net income of $5.111 million, or $0.45 per share, a decline of 8.6% from the $5.591 million ($0.49 per share) reported for 2024. Total revenue fell 10.6% to $8.666 million, driven by a $872 k drop in interest income and a $151 k decline in origination fees, reflecting a slowdown in new loan originations.
Operating costs and expenses decreased 13.2% to $3.572 million, largely because interest expense fell as SOFR rates declined and the company reduced borrowings on its credit facilities. The cost reduction outpaced the revenue decline, helping to cushion the impact on profitability.
The company’s share repurchase program, approved on November 20, 2025, authorized up to 100,000 shares. As of December 31, 2025, 6,200 shares had been repurchased for approximately $29,000, underscoring a continued focus on returning capital to shareholders.
Manhattan Bridge Capital is a real‑estate finance REIT that specializes in short‑term, first‑mortgage “hard money” loans to small investors in the New York metropolitan area, Florida, and other regions. The firm’s business model emphasizes capital preservation to support dividend sustainability, a strategy that has kept its dividend yield near 10.3% while limiting aggressive growth in a competitive market.
CEO Assaf Ran said, “2025 was a year to be careful,” highlighting the company’s cautious approach amid slower loan originations and a focus on maintaining financial stability and dividend payments for shareholders.
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