REITResearch

Manhattan Bridge Capital, Inc. LOAN

Listed / Traded Mortgage NASDAQ Mgmt:

Manhattan Bridge Capital, Inc. (MBC) functions as a dedicated real estate financing firm, actively originating, servicing, and overseeing a diverse portfolio of first-position mortgage loans across the United States. The company extends short-duration, collateral-backed, non-traditional financing solutions to real estate investors. These funds are primarily utilized for the acquisition, renovation, rehabilitation, or enhancement of properties, with a concentrated focus on the New York metropolitan region (including New Jersey and Connecticut) and the state of Florida. MBC's loans are principally secured by the underlying real estate assets, often supplemented by personal assurances provided by the borrowers' key individuals. Designated as a Real Estate Investment Trust (REIT) for federal income tax purposes, Manhattan Bridge Capital typically avoids federal corporate income taxation, provided it distributes at least 90% of its taxable earnings to shareholders. Established in 1989, the firm maintains its headquarters in Great Neck, New York.

Snapshot

Price
$4.37
Market cap
$49.95M
Enterprise value
$69.46M
Dividend yieldi
10.07%
Annual dividendi
$0.44
Frequency
Quarterly
FFO / sharei
Not reported (common for mortgage REITs)
AFFO / sharei
Not reported in latest 8-K
Net debt / EBITDAi
3.89x · GAAP est.
Op. cash flow / sharei
$430.94
Price / OCFi
0.01
Payout (% of OCF)i
0.10%
Debt / book capitali
31.37%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

Dividends

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-07-082026-07-082026-07-15 2026-04-13$0.11Quarterly
2026-04-082026-04-082026-04-15 2026-02-09$0.11Quarterly
2025-12-312025-12-312026-01-15 2025-10-29$0.12Irregular
2025-10-082025-10-082025-10-15 2025-07-25$0.12Quarterly
2025-07-082025-07-082025-07-15 2025-04-16$0.12Quarterly
2025-04-082025-04-082025-04-15 2025-02-06$0.12Quarterly
2024-12-312024-12-312025-01-15 2024-11-26$0.12Quarterly
2024-10-082024-10-082024-10-15 2024-07-29$0.12Quarterly
2024-07-102024-07-102024-07-15 2024-03-08$0.12Quarterly
2024-04-092024-04-102024-04-15 2024-02-07$0.12Quarterly
2023-12-282023-12-292024-01-16 2023-11-28$0.11Quarterly
2023-10-062023-10-102023-10-16 2023-07-27$0.11Quarterly
2023-07-072023-07-102023-07-17 2023-04-17$0.11Quarterly
2023-04-062023-04-102023-04-17 2023-03-13$0.11Quarterly
2022-12-292022-12-302023-01-17 2022-12-09$0.12Quarterly
2022-10-072022-10-112022-10-17 2022-07-28$0.12Quarterly
2022-07-072022-07-082022-07-15 2022-04-15$0.12Quarterly
2022-04-072022-04-082022-04-15 2022-02-09$0.12Quarterly
2021-12-302021-12-312022-01-18 2021-11-09$0.12Quarterly
2021-10-072021-10-082021-10-15 2021-07-29$0.12Quarterly
2021-07-082021-07-092021-07-15 2021-04-15$0.12Quarterly
2021-04-082021-04-092021-04-15 2021-02-08$0.11Quarterly
2020-12-302020-12-312021-01-15 2020-10-26$0.11Quarterly
2020-10-082020-10-092020-10-15 2020-06-29$0.10Quarterly

Coverage (payout of operating cash flow): 0.10%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Balance sheet (latest FY: 2025)

Total debt
$17.76M
Cash
$204.89M
Net debt / EBITDAi
3.89x
Debt / book capitali
31.37%
Total assets
$62.35M
Total equity
$43.10M

Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $8.68M $5.11M $4.98K $5.12M $4.93B
2024 $9.70M $5.59M $4.87K $5.60M $4.93M
2023 $9.83M $5.48M $4.06K $5.48M $5.61M
2022 $8.58M $5.21M $2.31K $5.21M $5.17M
2021 $6.82M $4.42M $2.27K $4.43M $4.60M
2020 $5.66M $4.23M $1.14K $0.00 $4.22M

Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.