Manhattan Bridge Capital (LOAN)
Market Price (9/24/2026): $3.89 | Market Cap: $44.5 MilSector: Financials | Industry: Mortgage REITs
Manhattan Bridge Capital (LOAN)
Market Price (9/24/2026): $3.89Market Cap: $44.5 MilSector: FinancialsIndustry: Mortgage REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 22%, Dividend Yield is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 18%, FCF Yield is 12% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 79%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 79% Low stock price volatilityVol 12M is 23% Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Credit. | Weak multi-year price returns2Y Excs Rtn is -48%, 3Y Excs Rtn is -66% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.7%, Rev Chg QQuarterly Revenue Change % is -11% Key risksLOAN key risks include [1] a reliance on available funds to originate new loans and [2] the high geographic concentration of its loan portfolio in the New York metropolitan area. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 22%, Dividend Yield is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 18%, FCF Yield is 12% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 79%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 79% |
| Low stock price volatilityVol 12M is 23% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Credit. |
| Weak multi-year price returns2Y Excs Rtn is -48%, 3Y Excs Rtn is -66% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.7%, Rev Chg QQuarterly Revenue Change % is -11% |
| Key risksLOAN key risks include [1] a reliance on available funds to originate new loans and [2] the high geographic concentration of its loan portfolio in the New York metropolitan area. |
Qualitative Assessment
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Updated on 9/1/2026
Manhattan Bridge Capital (LOAN) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Stable Dividend with Sustainability Concerns: Manhattan Bridge Capital maintained a quarterly dividend of $0.11 per share during the period, offering a high dividend yield of 10.80%. However, the company's dividend payout ratio exceeding 100% (104.76% or 108.27%) raises concerns about the long-term sustainability of the dividend, potentially limiting upward stock movement despite the attractive yield.
2. Modest Q2 2026 Earnings Performance: The company reported a Q2 2026 earnings per share (EPS) of $0.10 on July 28, 2026, representing a 16.67% increase year over year. While positive, the total earnings of $1.15 million for the quarter were modest. This performance, combined with a P/E ratio of 9.69, which is lower than the market and sector averages, suggests the company is not currently viewed as a high-growth prospect, contributing to a stable stock price rather than significant appreciation.
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Manhattan Bridge Capital (LOAN) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Stable Dividend with Sustainability Concerns: Manhattan Bridge Capital maintained a quarterly dividend of $0.11 per share during the period, offering a high dividend yield of 10.80%. However, the company's dividend payout ratio exceeding 100% (104.76% or 108.27%) raises concerns about the long-term sustainability of the dividend, potentially limiting upward stock movement despite the attractive yield.
2. Modest Q2 2026 Earnings Performance: The company reported a Q2 2026 earnings per share (EPS) of $0.10 on July 28, 2026, representing a 16.67% increase year over year. While positive, the total earnings of $1.15 million for the quarter were modest. This performance, combined with a P/E ratio of 9.69, which is lower than the market and sector averages, suggests the company is not currently viewed as a high-growth prospect, contributing to a stable stock price rather than significant appreciation.
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Updated on 9/1/2026
Manhattan Bridge Capital (LOAN) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Stable Dividend with Sustainability Concerns: Manhattan Bridge Capital maintained a quarterly dividend of $0.11 per share during the period, offering a high dividend yield of 10.80%. However, the company's dividend payout ratio exceeding 100% (104.76% or 108.27%) raises concerns about the long-term sustainability of the dividend, potentially limiting upward stock movement despite the attractive yield.
2. Modest Q2 2026 Earnings Performance: The company reported a Q2 2026 earnings per share (EPS) of $0.10 on July 28, 2026, representing a 16.67% increase year over year. While positive, the total earnings of $1.15 million for the quarter were modest. This performance, combined with a P/E ratio of 9.69, which is lower than the market and sector averages, suggests the company is not currently viewed as a high-growth prospect, contributing to a stable stock price rather than significant appreciation.
3. Mixed Signals in the Commercial Real Estate and Lending Markets: The broader real estate and lending sectors presented a mixed environment. While U.S. commercial real estate (CRE) deal activity showed a 14% increase in Q2 2026 volume, overall CRE transaction volumes fell to their lowest level in a year as high borrowing costs persisted. Mortgage interest rates remained largely stable, with the 30-year fixed mortgage averaging around 6.49% in July 2026, and the Federal Reserve projecting no rate cuts for 2026, suggesting a continued environment of elevated borrowing costs. This balanced outlook, with some positive lending activity but ongoing challenges in transactions and rates, likely contributed to the stability of Manhattan Bridge Capital's stock, as its short-term mortgage loan business navigates these conditions.
Show less
Manhattan Bridge Capital (LOAN) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Stable Dividend with Sustainability Concerns: Manhattan Bridge Capital maintained a quarterly dividend of $0.11 per share during the period, offering a high dividend yield of 10.80%. However, the company's dividend payout ratio exceeding 100% (104.76% or 108.27%) raises concerns about the long-term sustainability of the dividend, potentially limiting upward stock movement despite the attractive yield.
2. Modest Q2 2026 Earnings Performance: The company reported a Q2 2026 earnings per share (EPS) of $0.10 on July 28, 2026, representing a 16.67% increase year over year. While positive, the total earnings of $1.15 million for the quarter were modest. This performance, combined with a P/E ratio of 9.69, which is lower than the market and sector averages, suggests the company is not currently viewed as a high-growth prospect, contributing to a stable stock price rather than significant appreciation.
3. Mixed Signals in the Commercial Real Estate and Lending Markets: The broader real estate and lending sectors presented a mixed environment. While U.S. commercial real estate (CRE) deal activity showed a 14% increase in Q2 2026 volume, overall CRE transaction volumes fell to their lowest level in a year as high borrowing costs persisted. Mortgage interest rates remained largely stable, with the 30-year fixed mortgage averaging around 6.49% in July 2026, and the Federal Reserve projecting no rate cuts for 2026, suggesting a continued environment of elevated borrowing costs. This balanced outlook, with some positive lending activity but ongoing challenges in transactions and rates, likely contributed to the stability of Manhattan Bridge Capital's stock, as its short-term mortgage loan business navigates these conditions.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -5.4% change in LOAN stock from 5/31/2026 to 9/23/2026 was primarily driven by a -3.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312026 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.12 | 3.90 | -5.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 7 | -3.0% |
| Net Income Margin (%) | 73.7% | 72.0% | -2.3% |
| P/E Multiple | 9.4 | 9.4 | -0.2% |
| Shares Outstanding (Mil) | 11 | 11 | 0.0% |
| Cumulative Contribution | -5.4% |
Market Drivers
5/31/2026 to 9/23/2026| Return | Correlation | |
|---|---|---|
| LOAN | -5.4% | |
| Market (SPY) | 1.8% | 7.8% |
| Sector (XLF) | 6.1% | 34.7% |
Fundamental Drivers
The -6.8% change in LOAN stock from 2/28/2026 to 9/23/2026 was primarily driven by a -7.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.18 | 3.90 | -6.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 7 | -7.7% |
| Net Income Margin (%) | 74.0% | 72.0% | -2.8% |
| P/E Multiple | 9.0 | 9.4 | 3.8% |
| Shares Outstanding (Mil) | 11 | 11 | 0.1% |
| Cumulative Contribution | -6.8% |
Market Drivers
2/28/2026 to 9/23/2026| Return | Correlation | |
|---|---|---|
| LOAN | -6.8% | |
| Market (SPY) | 12.5% | 7.7% |
| Sector (XLF) | 7.0% | 16.5% |
Fundamental Drivers
The -19.4% change in LOAN stock from 8/31/2025 to 9/23/2026 was primarily driven by a -9.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312025 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.84 | 3.90 | -19.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 7 | -9.8% |
| Net Income Margin (%) | 75.1% | 72.0% | -4.1% |
| P/E Multiple | 10.1 | 9.4 | -7.0% |
| Shares Outstanding (Mil) | 11 | 11 | 0.1% |
| Cumulative Contribution | -19.4% |
Market Drivers
8/31/2025 to 9/23/2026| Return | Correlation | |
|---|---|---|
| LOAN | -19.4% | |
| Market (SPY) | 20.3% | 8.0% |
| Sector (XLF) | 2.6% | 20.4% |
Fundamental Drivers
The 5.8% change in LOAN stock from 8/31/2023 to 9/23/2026 was primarily driven by a 13.4% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.68 | 3.90 | 5.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 7 | -3.1% |
| Net Income Margin (%) | 75.1% | 72.0% | -4.1% |
| P/E Multiple | 8.3 | 9.4 | 13.4% |
| Shares Outstanding (Mil) | 11 | 11 | 0.4% |
| Cumulative Contribution | 5.8% |
Market Drivers
8/31/2023 to 9/23/2026| Return | Correlation | |
|---|---|---|
| LOAN | 5.8% | |
| Market (SPY) | 77.0% | 13.1% |
| Sector (XLF) | 66.3% | 19.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LOAN Return | 14% | 6% | 2% | 22% | -9% | -12% | 20% |
| Peers Return | 12% | -28% | 9% | 5% | 14% | -11% | -6% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| LOAN Win Rate | 67% | 50% | 25% | 50% | 50% | 22% | |
| Peers Win Rate | 55% | 50% | 50% | 55% | 58% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| LOAN Max Drawdown | -30% | -17% | -22% | -9% | -22% | -15% | |
| Peers Max Drawdown | -22% | -48% | -34% | -16% | -31% | -24% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DX, IVR, RC, MITT, NLY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/23/2026 (YTD)
How Low Can It Go
| Event | LOAN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -12.1% | -18.8% |
| % Gain to Breakeven | 13.7% | 23.1% |
| Time to Breakeven | 81 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -15.5% | -6.7% |
| % Gain to Breakeven | 18.3% | 7.1% |
| Time to Breakeven | 302 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -54.8% | -33.7% |
| % Gain to Breakeven | 121.4% | 50.9% |
| Time to Breakeven | 361 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -11.7% | -19.2% |
| % Gain to Breakeven | 13.2% | 23.8% |
| Time to Breakeven | 70 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -27.6% | -3.7% |
| % Gain to Breakeven | 38.2% | 3.9% |
| Time to Breakeven | 285 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -14.2% | -12.2% |
| % Gain to Breakeven | 16.5% | 13.9% |
| Time to Breakeven | 7 days | 62 days |
In The Past
Manhattan Bridge Capital's stock fell -12.1% during the 2025 US Tariff Shock. Such a loss loss requires a 13.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | LOAN | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -54.8% | -33.7% |
| % Gain to Breakeven | 121.4% | 50.9% |
| Time to Breakeven | 361 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -27.6% | -3.7% |
| % Gain to Breakeven | 38.2% | 3.9% |
| Time to Breakeven | 285 days | 6 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -23.4% | -17.9% |
| % Gain to Breakeven | 30.6% | 21.8% |
| Time to Breakeven | 43 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -55.5% | -53.4% |
| % Gain to Breakeven | 124.9% | 114.4% |
| Time to Breakeven | 448 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -27.2% | -8.6% |
| % Gain to Breakeven | 37.4% | 9.5% |
| Time to Breakeven | 2183 days | 47 days |
In The Past
Manhattan Bridge Capital's stock fell -12.1% during the 2025 US Tariff Shock. Such a loss loss requires a 13.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Manhattan Bridge Capital (LOAN)
Manhattan Bridge Capital, Inc. (LOAN) is a real estate finance company that primarily originates, services, and manages a portfolio of first mortgage loans. Operating as a Real Estate Investment Trust (REIT), the company's core business involves providing specialized financing within the real estate sector.
The company's main offering is short-term, secured, non-banking loans, which are extended to real estate investors. These loans are designed to fund various property ventures, including the acquisition, renovation, rehabilitation, or general enhancement of properties. Each loan is principally secured by real estate collateral and further strengthened by personal guarantees from the borrowers' principals. Manhattan Bridge Capital primarily serves real estate investors located in the New York metropolitan area, including New Jersey and Connecticut, as well as in Florida.
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Here are 1-3 brief analogies to describe Manhattan Bridge Capital (LOAN):
- Think of it as a highly specialized, smaller Starwood Property Trust (STWD), focusing on originating short-term, secured loans for real estate investors.
- It's like SoFi (SOFI) or Upstart (UPST), but exclusively providing quick, secured mortgage loans to real estate investors for property acquisitions and renovations.
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- First Mortgage Loans: Manhattan Bridge Capital provides short-term, secured loans to real estate investors for property acquisition, renovation, rehabilitation, or enhancement.
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Manhattan Bridge Capital (LOAN) primarily serves real estate investors rather than large, publicly traded companies. Given the nature of its short-term, secured, non-banking loans and the requirement for personal guarantees from borrower principals, its customers typically fall into the following categories:
- Individual Real Estate Investors and Small-Scale Developers: These customers include individuals or small business entities (e.g., LLCs, partnerships) who are actively involved in acquiring, renovating, rehabilitating, or enhancing residential and commercial properties. They seek short-term financing to fund the various stages of their real estate projects, from acquisition to improvement.
- Real Estate Businesses Needing Bridge Financing: This category encompasses various real estate entrepreneurs and small companies that require temporary, secured loans to bridge gaps in their funding. This might include capital for immediate property acquisitions, covering costs during renovation, or managing cash flow until a property is sold or a longer-term financing solution is secured.
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Assaf Ran, CEO and Chairman of the Board
Mr. Ran is the founder of Manhattan Bridge Capital and has served as its Chief Executive Officer, President, and Chairman since its inception in 1989. He possesses 35 years of senior management experience leading both public and private businesses. Mr. Ran has successfully established several yellow page and other businesses from the ground up.
Vanessa Kao, Chief Financial Officer
Ms. Kao has been the Chief Financial Officer, Vice President, Treasurer, and Secretary of Manhattan Bridge Capital since rejoining the company in June 2011. She joined the board in November 2023. Previously, she served as Chief Financial Officer of Jewish Marketing Solutions LLC from January 2014 through April 2016, and has been a consultant to the firm since April 2016. From April 2006 through December 2013, she was the Chief Financial Officer of DAG Jewish Directories, Inc., and she also served as Assistant Chief Financial Officer for Manhattan Bridge Capital from July 2004 to April 2006.
Michael Jackson, Member of the Board
Mr. Jackson has been a member of the Board since July 2000. He has served as the Chief Financial Officer of Radius Global Market Research since May 2017. Prior to that, from March 2016 to April 2017, Mr. Jackson was the Chief Financial Officer and Executive Vice President of both Ethology, Inc. and Tallwave, LLC. From April 2007 through February 2016, he held the position of Chief Financial Officer and Executive Vice President at iCrossing, Inc., and from October 1999 to April 2007, he was Executive Vice President and Chief Financial Officer of AGENCY.COM.
Lyron Bentovim, Member of the Board
Mr. Bentovim has been a member of the Board since December 2008. He serves as a managing partner at Darklight Partners, a strategic advisor to small and mid-size public and private companies. His previous roles include Chief Operating Officer and Chief Financial Officer of Top Image Systems Ltd. (July 2014 - August 2015), and Chief Operating Officer and Chief Financial Officer of NIT Health Inc., as well as Chief Operating Officer, Chief Financial Officer, and Managing Director at Cabrillo Advisors LLC (March 2013 - July 2014). Mr. Bentovim also co-founded WebBrix, Inc., where he served as President and Chief Operating Officer. He has also been a senior engagement manager with strategy consultancies such as USWeb/CKS, the Mitchell Madison Group LLC, and McKinsey & Company Inc.
Phillip Michals, Member of the Board
Mr. Michals has been a member of the Board since rejoining in June 2019. Since 2018, he has been the Chief Executive Officer and Executive Chairman of A.G.P./Alliance Global Partners, an investment banking and wealth management firm. He is also a Co-Founder, Chairman of the Board, and Director of A.G.P. Canada. Since 1999, Mr. Michals has been a partner in RG Michals.
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The key risks to Manhattan Bridge Capital (LOAN) are primarily associated with the nature of its real estate lending business and its market focus:
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Credit Risk and Real Estate Market Downturns: As a real estate finance company, Manhattan Bridge Capital's core business involves originating, servicing, and managing a portfolio of first mortgage loans primarily secured by real estate. A significant risk stems from the potential for borrowers to default on their loans. While these loans are secured by real estate collateral and accompanied by personal guarantees, a downturn in the real estate markets in which the company operates (primarily the New York metropolitan area and Florida) could lead to a decrease in the value of this collateral. This could result in greater losses for the company if foreclosed properties cannot be sold for amounts sufficient to cover the outstanding loan balances. The success of their borrowers in property acquisition, renovation, rehabilitation, or development is also highly dependent on favorable real estate market conditions.
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Geographic Concentration Risk: Manhattan Bridge Capital focuses its lending activities on specific geographic regions, specifically the New York metropolitan area (including New Jersey and Connecticut) and Florida. This geographic concentration exposes the company to a higher degree of risk from adverse economic or real estate market conditions within these particular areas. Localized downturns, changes in regional regulations, or other events specific to these markets could disproportionately impact the value of its collateral and the ability of its borrowers to repay loans, leading to increased loan defaults and reduced profitability.
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Interest Rate Risk: As a lender providing short-term, non-banking loans, Manhattan Bridge Capital is susceptible to fluctuations in interest rates. Changes in prevailing interest rates can influence the demand for its loans, as higher rates may deter potential borrowers or increase the financial burden on existing ones, potentially leading to higher default rates. Additionally, if the company relies on variable-rate funding for its operations, rising interest rates could increase its cost of capital, thereby impacting its net interest margin and overall profitability. Bridge loans, which the company originates, often carry higher interest rates due to their higher-risk nature and shorter terms, meaning borrowers unable to secure permanent financing could incur substantial interest costs or face difficulty repaying.
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Manhattan Bridge Capital (symbol: LOAN) operates in the private lending market for real estate investors in the New York metropolitan area (including New Jersey and Connecticut) and Florida. The addressable markets for their main products or services are as follows:
- Connecticut: The approximate volume of private mortgage loans secured by investment real estate funded by private lenders in Connecticut for 2025 was approximately $627.5 million.
- New Jersey: The approximate volume of hard money loans secured by investment real estate in New Jersey funded by hard money lenders for the first three quarters of 2025 was approximately $2.21 billion.
- New York Metropolitan Area (specifically New York-Newark-Jersey City MSA): The approximate volume of private mortgage loans secured by investment real estate funded by private lenders for the first three quarters of 2025 was approximately $3.46 billion.
- Florida: Null
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Manhattan Bridge Capital, Inc. (LOAN) is expected to drive future revenue growth over the next 2-3 years through several key strategies centered on its core lending operations and market positioning.
The primary drivers of revenue growth are anticipated to be:
* Increased Loan Originations: Growth in the volume and value of new loans originated to real estate investors will be a direct driver of revenue. Recent reports indicate that a slowdown in new loan originations has negatively impacted revenue in some periods, highlighting the importance of a robust pipeline and successful loan deployments. Therefore, an acceleration in the number of short-term, secured, non-banking loans for property acquisition, renovation, rehabilitation, or enhancement will directly contribute to interest income and origination fees.
* A Favorable Interest Rate Environment: While the company has shown resilience in high-interest rate environments by leveraging its low debt-to-equity ratio to charge higher interest on its portfolio, a more stable or moderately declining interest rate environment could stimulate broader real estate investment activity. Such an environment could lead to increased demand for Manhattan Bridge Capital's specialized loans, driving higher origination volumes.
* Continued Penetration and Expansion within Existing Core Geographic Markets: Manhattan Bridge Capital operates in the New York metropolitan area (including New Jersey and Connecticut) and Florida. As a "leading Hard Money Lender" in these regions, continued focus on expanding its market share and strengthening its presence within these established areas, supported by its sales and marketing network and borrower relationships, is crucial for sustained revenue growth.
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Manhattan Bridge Capital (LOAN) has made the following capital allocation decisions over the last 3-5 years:
Share Repurchases
- The Board of Directors authorized a common stock repurchase plan in November 2025, allowing the company to buy back up to 100,000 common shares over the subsequent twelve months at prevailing market prices.
- During the three months ended June 30, 2024, the company reported purchases of treasury shares amounting to $9,800.
- For the six months ended June 30, 2023, treasury share purchases totaled $164,806.
Share Issuance
No significant public common share issuance programs or large-scale equity offerings by Manhattan Bridge Capital have been specifically identified within the last 3-5 years based on the available information.Inbound Investments
- In February 2026, Manhattan Bridge Capital amended its credit and security agreement, increasing its revolving credit note with Webster Bank from $15,000,000 to $22,500,000, enhancing its borrowing capacity.
- In November 2025, MBC Funding II Corp., a subsidiary, announced the redemption of $6,000,000 in 6.00% Senior Secured Notes due April 22, 2026, which represents a repayment of a debt facility rather than an inbound investment.
Outbound Investments
Manhattan Bridge Capital’s primary business is originating, servicing, and managing a portfolio of first mortgage loans to real estate investors, rather than making strategic investments in other companies. No significant strategic investments in other companies have been identified.Capital Expenditures
- For the three months ended June 30, 2024, the company reported purchases of fixed assets totaling $1,191.
- Purchases of fixed assets for the six months ended June 30, 2023, amounted to $5,085.
Peer Outperformance in Mortgage REITs
LOAN has outperformed 59% of its 32 Mortgage REITs peers over 5Y. Mortgage REITs ranks 16th of 18 industries in Financials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Mortgage REITs constituents that LOAN has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
33%
of 36 industry peers · -20.7% return
3Y
54%
of 35 industry peers · 10.0% return
5Y
59%
of 32 industry peers · -13.0% return
No Mortgage REITs peer with a comparable growth profile has beaten LOAN by more than 20pp over 5Y.
Median price return by industry across the Financials sector, ranked by 5Y. Mortgage REITs is LOAN's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 7 | 24.6% | 65.1% | 118.9% | SPNT 172% · RGA 148% · RNR 143% |
| Diversified Banks | 13 | 30.8% | 126.1% | 107.5% | CM 145% · RY 136% · JPM 135% |
| Investment Banking & Brokerage | 13 | -3.4% | 106.1% | 106.4% | IBKR 500% · SNEX 250% · HOOD 173% |
| Life & Health Insurance | 20 | 6.0% | 51.0% | 96.2% | JXN 490% · UNM 351% · FG 188% |
| Multi-Sector Holdings | 4 | 4.9% | 46.9% | 79.4% | JONE 362% · BRK-B 83% · VOYA 76% |
| Property & Casualty Insurance | 42 | 7.6% | 65.1% | 64.8% | ASIC 2651900% · HRTG 384% · UVE 302% |
| Regional Banks | 266 | 23.0% | 89.6% | 58.7% | ESQ 366% · BLX 350% · GCBC 303% |
| Multi-line Insurance | 9 | 6.4% | 68.9% | 58.1% | GNW 161% · L 102% · SLF 95% |
| Financial Exchanges & Data | 15 | -0.9% | 17.9% | 26.2% | VIRT 163% · CBOE 128% · CME 69% |
| Diversified Financial Services | 4 | -8.1% | 24.2% | 25.1% | FRHC 168% · EQH 102% · TMS -51% |
| Consumer Finance | 30 | -3.0% | 81.8% | 15.9% | ENVA 403% · EZPW 294% · FCFS 162% |
| Commercial & Residential Mortgage Finance | 15 | -46.0% | 24.4% | 11.0% | FNMA 456% · FMCC 423% · ACT 174% |
| Insurance Brokers | 16 | -19.5% | -10.6% | 10.2% | LIFE 231% · ARX 88% · AJG 57% |
| Asset Management & Custody Banks | 87 | -9.8% | 14.8% | 6.6% | WT 326% · SII 278% · VCTR 272% |
| Specialized Finance | 3 | 12.8% | 40.3% | -6.3% | EFC 24% · CACC -6% · HASI -20% |
| Mortgage REITs ← | 33 | -12.2% | 6.3% | -26.1% | NREF 53% · RITM 41% · DX 30% |
| Diversified Capital Markets | 25 | -31.1% | 6.6% | -46.4% | OPY 187% · LPLA 99% · GOLD 83% |
| Transaction & Payment Processing Services | 17 | -1.2% | -7.7% | -46.6% | V 62% · MA 61% · CPAY 48% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is Manhattan Bridge Capital Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 6.33 |
| Mkt Cap | 0.4 |
| Rev LTM | 103 |
| Op Inc LTM | - |
| FCF LTM | 123 |
| FCF 3Y Avg | 135 |
| CFO LTM | 201 |
| CFO 3Y Avg | 135 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 63.5% |
| Rev Chg 3Y Avg | 85.5% |
| Rev Chg Q | 191.0% |
| QoQ Delta Rev Chg LTM | 22.7% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 79.0% |
| CFO/Rev 3Y Avg | 71.5% |
| FCF/Rev LTM | 79.0% |
| FCF/Rev 3Y Avg | 71.5% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Originating, servicing, and managing short-term secured commercial loans to real estate investors | 9 | 10 | 10 | ||
| Single Segment | 7 | 6 | |||
| Total | 9 | 10 | 10 | 7 | 6 |
| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Originating, servicing, and managing short-term secured commercial loans to real estate investors | 5 | 6 | 5 |
| Total | 5 | 6 | 5 |
Price Behavior
Price Behavior
| Market Price | $3.90 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 05/13/1999 | |
| Distance from 52W High | -24.7% | |
| 50 Days | 200 Days | |
| DMA Price | $4.09 | $4.24 |
| DMA Trend | down | down |
| Distance from DMA | -4.7% | -8.1% |
| 3M | 1YR | |
| Volatility | 29.6% | 23.4% |
| Downside Capture | 80.45 | 47.85 |
| Upside Capture | 8.04 | 12.32 |
| Correlation (SPY) | 10.2% | 8.4% |
LOAN Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.55 | 0.38 | 0.21 | 0.16 | 0.15 | 0.20 |
| Up Beta | 0.64 | 0.19 | 0.10 | -0.23 | -0.00 | 0.16 |
| Down Beta | 0.26 | -0.35 | -0.07 | -0.03 | -0.02 | 0.26 |
| Up Capture | 13% | 13% | 26% | 24% | 8% | 5% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 8 | 16 | 32 | 62 | 115 | 356 |
| Down Capture | 128% | 129% | 47% | 54% | 52% | 41% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 11 | 24 | 30 | 59 | 121 | 350 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LOAN | |
|---|---|---|---|---|
| LOAN | -20.5% | 23.3% | -1.04 | - |
| Sector ETF (XLF) | 2.2% | 14.7% | -0.07 | 21.0% |
| Equity (SPY) | 16.2% | 13.0% | 0.88 | 8.4% |
| Gold (GLD) | 13.9% | 29.3% | 0.44 | 6.1% |
| Commodities (DBC) | 46.6% | 20.7% | 1.75 | -7.6% |
| Real Estate (VNQ) | 4.5% | 13.7% | 0.08 | 16.2% |
| Bitcoin (BTCUSD) | -23.2% | 44.8% | -0.46 | 11.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LOAN | |
|---|---|---|---|---|
| LOAN | -1.2% | 25.1% | -0.07 | - |
| Sector ETF (XLF) | 9.5% | 18.4% | 0.38 | 21.7% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 17.8% |
| Gold (GLD) | 18.6% | 18.8% | 0.80 | 9.0% |
| Commodities (DBC) | 10.5% | 19.5% | 0.41 | 7.4% |
| Real Estate (VNQ) | 0.8% | 18.9% | -0.06 | 18.7% |
| Bitcoin (BTCUSD) | 12.5% | 52.6% | 0.41 | 10.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LOAN | |
|---|---|---|---|---|
| LOAN | 3.5% | 34.1% | 0.19 | - |
| Sector ETF (XLF) | 13.0% | 22.1% | 0.53 | 28.4% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 24.1% |
| Gold (GLD) | 12.1% | 16.4% | 0.60 | 3.5% |
| Commodities (DBC) | 8.5% | 18.1% | 0.38 | 11.1% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 28.1% |
| Bitcoin (BTCUSD) | 64.2% | 66.2% | 1.04 | 9.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/23/2026 | 10-Q |
| 03/31/2026 | 04/16/2026 | 10-Q |
| 12/31/2025 | 03/27/2026 | 10-K |
| 09/30/2025 | 10/24/2025 | 10-Q |
| 06/30/2025 | 07/22/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 03/12/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/22/2024 | 10-Q |
| 03/31/2024 | 04/23/2024 | 10-Q |
| 12/31/2023 | 03/11/2024 | 10-K |
| 09/30/2023 | 10/24/2023 | 10-Q |
| 06/30/2023 | 07/20/2023 | 10-Q |
| 03/31/2023 | 04/19/2023 | 10-Q |
| 12/31/2022 | 03/10/2023 | 10-K |
| 09/30/2022 | 10/21/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/23/2026 | 10-Q |
| 03/31/2026 | 04/16/2026 | 10-Q |
| 12/31/2025 | 03/27/2026 | 10-K |
| 09/30/2025 | 10/24/2025 | 10-Q |
| 06/30/2025 | 07/22/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 03/12/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/22/2024 | 10-Q |
| 03/31/2024 | 04/23/2024 | 10-Q |
| 12/31/2023 | 03/11/2024 | 10-K |
| 09/30/2023 | 10/24/2023 | 10-Q |
| 06/30/2023 | 07/20/2023 | 10-Q |
| 03/31/2023 | 04/19/2023 | 10-Q |
| 12/31/2022 | 03/10/2023 | 10-K |
| 09/30/2022 | 10/21/2022 | 10-Q |
| 06/30/2022 | 07/22/2022 | 10-Q |
| 03/31/2022 | 04/14/2022 | 10-Q |
| 12/31/2021 | 03/11/2022 | 10-K |
| 09/30/2021 | 10/20/2021 | 10-Q |
| 06/30/2021 | 07/23/2021 | 10-Q |
| 03/31/2021 | 04/14/2021 | 10-Q |
| 12/31/2020 | 03/11/2021 | 10-K |
| 09/30/2020 | 10/20/2020 | 10-Q |
| 06/30/2020 | 07/23/2020 | 10-Q |
| 03/31/2020 | 04/13/2020 | 10-Q |
| 12/31/2019 | 03/17/2020 | 10-K |
| 09/30/2019 | 10/21/2019 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 9/23/2026