Regal Assets Analytics

GEO Investing
Print Friendly, PDF & Email

LOAN sequential revenue growthManhattan Bridge Capital (LOAN) is back on GeoInvesting’s radar as it has had several quarters of sequential revenue growth and earnings growth. We believe that there is further potential for the stock to maintain its upward track. We had originally tracked the company on March 6, 2013, at a time when the theme of sequential quarterly revenue growth was first noticed by our team:

“We’re adding LOAN to our New High Screen.  The company has consistently grown annual revenues from $1 million in 2009 to $1.4 million 2011, and is on track to report nearly $2 million in revenues in 2012.  Furthermore, the company has grown its revenues sequentially for seven straight Quarters.  EPS growth has not been as consistent, but we like the industry that the company participates in which should continue to get a lift from the type of loan environment caused by the 2008 recession.  Specifically,  “…the company provides short-term secured non-banking commercial loans to real estate investors (also known as hard money) to fund their acquisition and construction of properties located in New York Metropolitan area.” The company is also buying back shares and has just settled a legal dispute.  Selling below book value of $1.92, the company has only 4 million outstanding shares and a float of 1.7 million shares.  Investors should note that the company has only two full-time employees.”

Manhattan Bridge Capital is a New York-based real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans.  The company offers short-term, secured, non-banking loans (sometimes referred to as “hard money” loans) to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area.  LOAN intends to elect to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes beginning the year ended December 31, 2014.  In order to maintain its status as a REIT the company is required to distribute at least 90% of its taxable income to shareholders each year.

LOAN commenced business in 2007 and has posted outstanding financial and operating performances.  Remarkably, the company…

For more GeoInvesting research and insight, please go here.

To stay ahead of the market with GeoInvesting arbitrage and learn about investment ideas not yet digested by the market, Sign up now for More Research and Insight