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    Manhattan Bridge Capital (LOAN)

    Market Price (8/8/2026): $4.12 | Market Cap: $47.1 MilSector: Financials | Industry: Mortgage REITs

    Manhattan Bridge Capital (LOAN)

    Market Price (8/8/2026): $4.12
    Market Cap: $47.1 Mil
    Sector: Financials
    Industry: Mortgage REITs

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 21%, Dividend Yield is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 17%, FCF Yield is 11%

    Attractive cash flow generation
    CFO/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 volatility
    Vol 12M is 23%

    Megatrend and thematic drivers
    Megatrends include Digital & Alternative Assets. Themes include Private Credit.

    Weak multi-year price returns
    2Y Excs Rtn is -53%, 3Y Excs Rtn is -63%

    Weak revenue growth
    Rev 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 risks
    LOAN 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.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 21%, Dividend Yield is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 17%, FCF Yield is 11%
    1 Attractive cash flow generation
    CFO/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%
    2 Low stock price volatility
    Vol 12M is 23%
    3 Megatrend and thematic drivers
    Megatrends include Digital & Alternative Assets. Themes include Private Credit.
    4 Weak multi-year price returns
    2Y Excs Rtn is -53%, 3Y Excs Rtn is -63%
    5 Weak revenue growth
    Rev 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%
    6 Key risks
    LOAN 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.

    Valuation & Metrics

    FYE: 12/31LOAN [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$6.6 Mil—
    FY 2026 Sales$8.6 Mil—
    FY 2027 Sales$8.5 Mil—
    FY 2026 Sales Growth30.4%—
    FY 2027 Sales Growth-0.8%13.0%
    EARNINGS
    LTM Net Income (GAAP) [3]$4.8 Mil—
    FY 2026 Net Income (Non-GAAP)$4.8 Mil—
    FY 2027 Net Income (Non-GAAP)$5.0 Mil—
    FY 2027 Net Income Growth4.8%19.0%
    FY 2026 EPS (Non-GAAP)$0.42—
    FY 2027 EPS (Non-GAAP)$0.44—
    FY 2027 EPS Growth4.8%—
    VALUATION
    FY 2026 P/S5.51.7
    FY 2027 P/S5.5—
    FY 2026 P/E9.88.1
    FY 2027 P/E9.4—

    [1] LOAN forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 8/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    LOANS&P 500
    REVENUE GROWTHVERY POOR
    Rev LTM ($ Bil)0.0
    Rev Chg Q-11.0%9.4%
    Rev Chg LTM-9.8%8.1%
    Rev Chg 3Y Avg-0.7%5.9%
    PROFITABILITYVERY GOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.0
    Net Inc LTM ($ Bil)0.0
    CFO/Rev LTM79.0%21.9%
    Net Inc Mgn72.0%13.1%
    VALUATIONMODERATE
    P/S7.13.3
    P/CFO9.015.9
    P/FCF9.020.3
    P/E9.923.7

    AI Analysis | Feedback

    MetricValueDateSource
    Total loans originated since 2007over 1,2803122025Link
    Geographical concentration of loan portfolio in New York metropolitan area95.80%12312024Link
    Maximum loan amount policythe lower of 9.9% of the aggregate loan portfolio or $4 million3122025Link
    Typical loan interest rate range9% to 13%3122025Link
    Maximum initial loan term12 months3122025Link
    Unfunded commitment798000012312023Link
    Loan origination fees2650009302025Link

    Price Chart

    Recent
    7/23/2026Earnings ReleaseRev: $2.0 Mil (A) vs. $2.0 Mil (E)
    EPS: 0.10 (A) vs. $0.11 (E)
    Upcoming
    10/08/2026DividendAmount: $0.11
    Payment On: 10/15/2026
    10/22/2026Earnings ReleaseRev: $2.0 Mil (E)
    EPS: $0.11 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 8/1/2026

    Manhattan Bridge Capital (LOAN) stock has lost about 5% since 4/30/2026 because of the following key factors:

    1. Mixed Fiscal Q2 2026 Performance: Manhattan Bridge Capital reported a notable decline in its fiscal Q2 2026 results (ended June 30, 2026), with total revenue decreasing by 13.2% to approximately $2.05 million and net income falling by 18.4% to roughly $1.15 million compared to the same period in 2025. This resulted in an earnings per share of $0.10, missing the consensus estimate of $0.11 by 10.87%. The revenue decrease was attributed to lower interest rates and origination fees driven by increased market competition, despite an increase in loan origination volume. The disclosure of a potential foreclosure on a Florida loan, though recovery is expected, added a note of caution. These mixed results, combining decreased profitability with positive operational activity, likely contributed to the stock's stable price.

    2. High Dividend Yield with Sustainability Concerns: The company's consistent declaration of a high quarterly dividend, recently at $0.11 per share for payments in July and October 2026, offers a significant yield of approximately 10.58%. This attractive yield can provide a floor for the stock price, drawing income-focused investors. However, a high dividend payout ratio of 104.76% suggests that the current dividend may not be fully covered by earnings, raising questions about its long-term sustainability and potentially limiting strong upward momentum as investors weigh the yield against potential risks.

    Show more
    Updated on 8/1/2026

    Manhattan Bridge Capital (LOAN) stock has lost about 5% since 4/30/2026 because of the following key factors:

    1. Mixed Fiscal Q2 2026 Performance: Manhattan Bridge Capital reported a notable decline in its fiscal Q2 2026 results (ended June 30, 2026), with total revenue decreasing by 13.2% to approximately $2.05 million and net income falling by 18.4% to roughly $1.15 million compared to the same period in 2025. This resulted in an earnings per share of $0.10, missing the consensus estimate of $0.11 by 10.87%. The revenue decrease was attributed to lower interest rates and origination fees driven by increased market competition, despite an increase in loan origination volume. The disclosure of a potential foreclosure on a Florida loan, though recovery is expected, added a note of caution. These mixed results, combining decreased profitability with positive operational activity, likely contributed to the stock's stable price.

    2. High Dividend Yield with Sustainability Concerns: The company's consistent declaration of a high quarterly dividend, recently at $0.11 per share for payments in July and October 2026, offers a significant yield of approximately 10.58%. This attractive yield can provide a floor for the stock price, drawing income-focused investors. However, a high dividend payout ratio of 104.76% suggests that the current dividend may not be fully covered by earnings, raising questions about its long-term sustainability and potentially limiting strong upward momentum as investors weigh the yield against potential risks.

    3. Contrasting Dynamics in the Real Estate Lending Market: The broader real estate lending sector exhibited contrasting trends during the period. While commercial real estate markets continued to face distress with mounting defaults and a projected $875 billion in commercial real estate loans maturing in 2026, other aspects showed recovery. Lending activity, particularly refinancing, saw a significant rebound, with commercial and multifamily mortgage originations projected to increase by 27% in 2026. This increased competition among lenders has led to compressed spreads. These opposing forces within its operating environment likely created a balanced pressure on LOAN's stock, preventing a strong directional move.

    4. Uncertainty from Federal Reserve Monetary Policy: The Federal Reserve's evolving stance on interest rates has introduced uncertainty into the lending market. Reports indicate a shift in sentiment towards a potential interest rate increase, with over half of the Fed indicating a belief in a rate hike of at least 25 basis points sometime in 2026 due to persistent inflation. This macroeconomic factor creates a cautious investment environment for real estate-related companies, as higher borrowing costs could impact loan demand and property valuations, thus acting as a cap on significant stock price appreciation while not necessarily leading to a sharp decline.

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    Stock Movement Drivers

    Fundamental Drivers

    The -2.6% change in LOAN stock from 4/30/2026 to 8/7/2026 was primarily driven by a -3.0% change in the company's Total Revenues ($ Mil).
    (LTM values as of)43020268072026Change
    Stock Price ($)4.234.12-2.6%
    Change Contribution By: 
    Total Revenues ($ Mil)77-3.0%
    Net Income Margin (%)73.7%72.0%-2.3%
    P/E Multiple9.69.92.7%
    Shares Outstanding (Mil)11110.0%
    Cumulative Contribution-2.6%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    4/30/2026 to 8/7/2026
    ReturnCorrelation
    LOAN-2.6% 
    Market (SPY)7.6%8.1%
    Sector (XLF)10.5%32.1%

    Fundamental Drivers

    The -3.8% change in LOAN stock from 1/31/2026 to 8/7/2026 was primarily driven by a -7.7% change in the company's Total Revenues ($ Mil).
    (LTM values as of)13120268072026Change
    Stock Price ($)4.284.12-3.8%
    Change Contribution By: 
    Total Revenues ($ Mil)77-7.7%
    Net Income Margin (%)74.0%72.0%-2.8%
    P/E Multiple9.39.97.0%
    Shares Outstanding (Mil)11110.1%
    Cumulative Contribution-3.8%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    1/31/2026 to 8/7/2026
    ReturnCorrelation
    LOAN-3.8% 
    Market (SPY)12.1%9.0%
    Sector (XLF)8.3%15.9%

    Fundamental Drivers

    The -17.3% change in LOAN stock from 7/31/2025 to 8/7/2026 was primarily driven by a -9.8% change in the company's Total Revenues ($ Mil).
    (LTM values as of)73120258072026Change
    Stock Price ($)4.984.12-17.3%
    Change Contribution By: 
    Total Revenues ($ Mil)77-9.8%
    Net Income Margin (%)75.1%72.0%-4.1%
    P/E Multiple10.49.9-4.5%
    Shares Outstanding (Mil)11110.1%
    Cumulative Contribution-17.3%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    7/31/2025 to 8/7/2026
    ReturnCorrelation
    LOAN-17.3% 
    Market (SPY)23.4%8.6%
    Sector (XLF)11.3%19.9%

    Fundamental Drivers

    The 8.7% change in LOAN stock from 7/31/2023 to 8/7/2026 was primarily driven by a 16.4% change in the company's P/E Multiple.
    (LTM values as of)73120238072026Change
    Stock Price ($)3.794.128.7%
    Change Contribution By: 
    Total Revenues ($ Mil)77-3.1%
    Net Income Margin (%)75.1%72.0%-4.1%
    P/E Multiple8.59.916.4%
    Shares Outstanding (Mil)11110.4%
    Cumulative Contribution8.7%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    7/31/2023 to 8/7/2026
    ReturnCorrelation
    LOAN8.7% 
    Market (SPY)74.9%13.2%
    Sector (XLF)70.4%19.0%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    LOAN Return14%6%2%22%-9%-7%27%
    Peers Return7%-25%2%1%6%1%-11%
    S&P 500 Return27%-19%24%23%16%13%105%

    Monthly Win Rates [3]
    LOAN Win Rate67%50%25%50%50%25% 
    Peers Win Rate55%48%48%58%58%52% 
    S&P 500 Win Rate75%42%67%75%67%50% 

    Max Drawdowns [4]
    LOAN Max Drawdown-30%-17%-22%-9%-22%-15% 
    Peers Max Drawdown-22%-44%-37%-16%-32%-25% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: DX, TWO, IVR, RC, 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 8/7/2026 (YTD)

    How Low Can It Go

    EventLOANS&P 500
    2025 US Tariff Shock
      % Loss-12.1%-18.8%
      % Gain to Breakeven13.7%23.1%
      Time to Breakeven81 days79 days
    2023 SVB Regional Banking Crisis
      % Loss-15.5%-6.7%
      % Gain to Breakeven18.3%7.1%
      Time to Breakeven302 days31 days
    2020 COVID-19 Crash
      % Loss-54.8%-33.7%
      % Gain to Breakeven121.4%50.9%
      Time to Breakeven361 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-11.7%-19.2%
      % Gain to Breakeven13.2%23.8%
      Time to Breakeven70 days105 days
    2016-2017 Trump Reflation Bond Selloff
      % Loss-27.6%-3.7%
      % Gain to Breakeven38.2%3.9%
      Time to Breakeven285 days6 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-14.2%-12.2%
      % Gain to Breakeven16.5%13.9%
      Time to Breakeven7 days62 days

    Compare to DX, TWO, IVR, RC, LFT

    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.

    EventLOANS&P 500
    2020 COVID-19 Crash
      % Loss-54.8%-33.7%
      % Gain to Breakeven121.4%50.9%
      Time to Breakeven361 days140 days
    2016-2017 Trump Reflation Bond Selloff
      % Loss-27.6%-3.7%
      % Gain to Breakeven38.2%3.9%
      Time to Breakeven285 days6 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-23.4%-17.9%
      % Gain to Breakeven30.6%21.8%
      Time to Breakeven43 days123 days
    2008-2009 Global Financial Crisis
      % Loss-55.5%-53.4%
      % Gain to Breakeven124.9%114.4%
      Time to Breakeven448 days1085 days
    Summer 2007 Credit Crunch
      % Loss-27.2%-8.6%
      % Gain to Breakeven37.4%9.5%
      Time to Breakeven2183 days47 days

    Compare to DX, TWO, IVR, RC, LFT

    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.

    AI Analysis | Feedback

    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.

    AI Analysis | Feedback

    • First Mortgage Loans: Manhattan Bridge Capital provides short-term, secured loans to real estate investors for property acquisition, renovation, rehabilitation, or enhancement.

    AI Analysis | Feedback

    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.

    AI Analysis | Feedback

    null

    AI Analysis | Feedback

    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.

    AI Analysis | Feedback

    The key risks to Manhattan Bridge Capital (LOAN) are primarily associated with the nature of its real estate lending business and its market focus:

    1. 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.

    2. 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.

    3. 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.

    AI Analysis | Feedback

    null

    AI Analysis | Feedback

    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

    AI Analysis | Feedback

    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.

    AI Analysis | Feedback

    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.

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    XLEState Street Energy Select Sector SPD...Equity-3.4%29.4%
    UNGUnited States Natural Gas Fund LPCommodity-3.2%-20.6%
    FXNFirst Trust Energy AlphaDEX FundEquity-3.0%30.7%
    ILFiShares Latin America 40 ETFEquity-2.1%13.7%
    DBCInvesco DB Commodity Index Tracking FundCommodity-1.8%29.3%
    PDBCInvesco Optimum Yield Diversified Com...Commodity-1.8%30.2%
    XLUState Street Utilities Select Sector ...Equity-1.7%2.9%

    Top Gainers

    TickerCompanyCategory1M RtnYTD Rtn
    RINGiShares MSCI Global Gold Miners ETFEquity19.8%5.9%
    PALLETFS Physical Palladium SharesCommodity10.4%-13.8%
    ETHAiShares Ethereum Trust ETFCryptocurrency9.7%-35.5%
    IGViShares Expanded Tech-Software Sector...Equity9.4%-2.8%
    PPLTETFS Physical Platinum SharesCommodity8.4%-15.0%
    COWZPacer US Cash Cows 100 ETFEquity8.3%15.4%
    FXIiShares China Large-Cap ETFEquity8.3%-5.5%
    KWEBKraneShares CSI China Internet ETFEquity8.2%-15.8%
    USOUnited States Oil Fund LPCommodity8.2%70.6%
    AKREAkre Focus ETFEquity7.5%-10.1%

    Top Losers

    TickerCompanyCategory1M RtnYTD Rtn
    EWYiShares MSCI South Korea ETFEquity-10.1%70.8%
    UNGUnited States Natural Gas Fund LPCommodity-10.1%-20.6%
    SOXXiShares Semiconductor ETFEquity-6.6%80.5%
    ICLNiShares Global Clean Energy ETFEquity-5.3%11.4%
    SOXQInvesco PHLX Semiconductor ETFEquity-4.7%74.5%
    XOVREntrepreneurShares Series Trust ERSha...Equity-4.5%-0.0%
    NASATema Space Innovators ETFEquity-4.3%1.5%
    XBIState Street SPDR S&P Biotech ETFEquity-4.2%29.1%
    SMHVanEck Semiconductor ETFEquity-4.1%61.8%
    MTUMiShares MSCI USA Momentum Factor ETFEquity-3.7%23.7%

    More From Trefis

    Research & Analysis

    Invest in Strategies

    Wealth Management

    Peer Comparisons

    Peers to compare with:

    Financials

    LOANDXTWOIVRRCNLYMedian
    NameManhatta.Dynex Ca.Two Harb.Invesco .Ready Ca.Annaly C. 
    Mkt Price4.1212.9512.127.481.7123.049.80
    Mkt Cap0.02.91.30.70.317.01.0
    Rev LTM7502367139-303,172253
    Op Inc LTM-------
    FCF LTM5237113166914-314140
    FCF 3Y Avg51051781644501,265171
    CFO LTM5237127166914886201
    CFO 3Y Avg51052571644502,157211

    Growth & Margins

    LOANDXTWOIVRRCNLYMedian
    NameManhatta.Dynex Ca.Two Harb.Invesco .Ready Ca.Annaly C. 
    Rev Chg LTM-9.8%366.1%298.8%133.6%-171.5%238.3%185.9%
    Rev Chg 3Y Avg-0.7%166.1%108.6%430.7%-92.7%231.2%137.4%
    Rev Chg Q-11.0%15,104.3%915.3%319.2%-9.1%705.6%512.4%
    QoQ Delta Rev Chg LTM-3.0%65.2%57.8%73.2%-28.5%32.7%45.2%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM79.0%47.1%34.7%119.1%-27.9%47.1%
    CFO/Rev 3Y Avg71.5%50.9%150.0%---71.5%
    FCF/Rev LTM79.0%47.1%30.9%119.1%--9.9%47.1%
    FCF/Rev 3Y Avg71.5%50.9%83.3%---71.5%

    Valuation

    LOANDXTWOIVRRCNLYMedian
    NameManhatta.Dynex Ca.Two Harb.Invesco .Ready Ca.Annaly C. 
    Mkt Cap0.02.91.30.70.317.01.0
    P/S7.15.73.55.1-5.45.4
    P/Op Inc-------
    P/EBIT-------
    P/E9.96.6-58.75.9-0.55.85.8
    P/CFO9.012.210.04.30.319.29.5
    Total Yield21.1%27.8%10.0%36.4%-156.2%29.7%24.5%
    Dividend Yield11.1%12.7%11.7%19.5%26.0%12.3%12.5%
    FCF Yield 3Y Avg8.9%5.1%13.8%29.8%124.8%13.4%13.6%
    D/E0.40.00.80.09.72.20.6
    Net D/E0.4-0.20.3-0.19.02.20.3

    Returns

    LOANDXTWOIVRRCNLYMedian
    NameManhatta.Dynex Ca.Two Harb.Invesco .Ready Ca.Annaly C. 
    1M Rtn-2.6%0.8%0.4%-2.3%4.3%2.3%0.6%
    3M Rtn-1.2%0.5%-0.7%-4.8%-9.0%5.3%-0.9%
    6M Rtn-4.3%-0.5%16.4%-7.1%-16.0%7.8%-2.4%
    12M Rtn-19.0%22.7%38.5%19.2%-57.6%27.7%20.9%
    3Y Rtn11.8%52.8%32.1%13.3%-79.3%72.2%22.7%
    1M Excs Rtn-6.1%-3.0%-2.4%-7.5%-2.2%-1.5%-2.7%
    3M Excs Rtn-6.0%-4.6%-5.1%-8.1%-26.1%0.7%-5.5%
    6M Excs Rtn-18.2%-14.2%-6.5%-20.8%-26.3%-7.0%-16.2%
    12M Excs Rtn-41.6%0.1%17.8%-2.4%-79.7%5.4%-1.2%
    3Y Excs Rtn-62.8%-18.2%-38.3%-60.7%-151.3%1.8%-49.5%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date7/23/20264/16/20263/27/202610/24/20257/22/20254/24/20253/12/202510/23/20247/22/20244/23/20243/11/202410/24/2023
    Key Financials Quarterly            
    Total Revenue222222222222
    Net Income111111111111
    EPS0.100.110.100.110.120.120.120.120.120.130.120.13
    Key Financials TTM            
    Total Revenue TTM777777777777
    Net Income TTM555555666655
    Growth Rates Quarterly            
    Total Revenue Growth-11.0%-6.7%-12.2%-9.2%0.4%-3.2%-2.2%-2.4%1.1%7.4%17.4%13.0%
    Net Income Growth-18.4%-7.2%-14.1%-14.1%0.3%-7.0%-3.1%-3.3%-0.9%17.2%12.9%16.9%
    Margins Quarterly            
    Net Income Margin69.9%74.7%68.8%74.4%76.3%75.2%70.3%78.6%76.4%78.3%71.0%79.3%
    Cash & Debt            
    Total Cash000000000000
    Total Debt202018152321232523303127
    Net Debt / (Cash)192018152221222523293127
    Cash Flows Quarterly            
    FCF from Operations111111111111
    Cash Flows TTM            
    FCF from Operations TTM555555555555
    Returns to Shareholders Quarterly            
    Dividends111111111111
    Share Repurchases000-0-0-0-0-0-0000
    Return on Invested Capital (ROIC) Quarterly            
    ROIC7.4%8.1%7.4%8.2%8.6%8.6%7.9%8.2%8.4%8.1%7.2%8.2%
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM7.6%8.0%8.4%9.1%8.3%8.6%8.5%8.2%8.5%7.8%7.3%7.5%

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Originating, servicing, and managing short-term secured commercial loans to real estate investors91010  
    Single Segment   76
    Total9101076


    Net Income by Segment
    $ Mil202520242023
    Originating, servicing, and managing short-term secured commercial loans to real estate investors565
    Total565


    Price Behavior

    Price Behavior
    Market Price$4.12 
    Market Cap ($ Bil)0.0 
    First Trading Date05/13/1999 
    Distance from 52W High-20.5% 
       50 Days200 Days
    DMA Price$4.24$4.31
    DMA Trenddownindeterminate
    Distance from DMA-2.9%-4.5%
     3M1YR
    Volatility29.8%23.3%
    Downside Capture45.7944.20
    Upside Capture31.179.66
    Correlation (SPY)9.8%7.2%
    LOAN Betas & Captures as of 7/31/2026

     1M2M3M6M1Y3Y
    Beta0.240.140.140.150.140.20
    Up Beta-0.38-0.14-0.19-0.300.030.15
    Down Beta-0.32-0.01-0.080.06-0.060.25
    Up Capture14%32%23%22%8%5%
    Bmk +ve Days11223567138427
    Stock +ve Days9243262117356
    Down Capture106%27%41%45%49%40%
    Bmk -ve Days11212859114326
    Stock -ve Days13192956122352

    [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-19.4%23.3%-0.99-
    Sector ETF (XLF)12.3%14.6%0.5719.6%
    Equity (SPY)23.3%12.8%1.367.4%
    Gold (GLD)28.5%28.4%0.878.0%
    Commodities (DBC)32.9%19.8%1.32-9.8%
    Real Estate (VNQ)14.2%13.8%0.7218.1%
    Bitcoin (BTCUSD)-44.2%42.9%-1.2310.5%

    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
    LOAN0.6%25.3%0.00-
    Sector ETF (XLF)11.4%18.4%0.4821.2%
    Equity (SPY)13.5%17.2%0.6117.5%
    Gold (GLD)18.6%18.6%0.819.6%
    Commodities (DBC)8.2%19.6%0.316.6%
    Real Estate (VNQ)2.3%18.9%0.0218.6%
    Bitcoin (BTCUSD)8.8%53.0%0.3511.6%

    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
    LOAN5.3%34.4%0.24-
    Sector ETF (XLF)13.6%22.1%0.5628.1%
    Equity (SPY)15.4%17.9%0.7323.9%
    Gold (GLD)12.1%16.2%0.613.7%
    Commodities (DBC)7.4%18.0%0.3311.2%
    Real Estate (VNQ)4.8%20.7%0.2027.9%
    Bitcoin (BTCUSD)58.2%66.2%0.989.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date7152026
    Short Interest: Shares Quantity0.0 Mil
    Short Interest: % Change Since 630202656.9%
    Average Daily Volume0.1 Mil
    Days-to-Cover Short Interest1
    Basic Shares Quantity11.4 Mil
    Short % of Basic Shares0.3%

    Returns Analyses

    Earnings Returns History

    Updated 6/3/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    SUMMARY STATS   
    # Positive000
    # Negative000
    Median Positive   
    Median Negative   
    Max Positive   
    Max Negative   
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    SUMMARY STATS   
    # Positive000
    # Negative000
    Median Positive   
    Median Negative   
    Max Positive   
    Max Negative   

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202607/23/202610-Q
    03/31/202604/16/202610-Q
    12/31/202503/27/202610-K
    09/30/202510/24/202510-Q
    06/30/202507/22/202510-Q
    03/31/202504/24/202510-Q
    12/31/202403/12/202510-K
    09/30/202410/23/202410-Q
    06/30/202407/22/202410-Q
    03/31/202404/23/202410-Q
    12/31/202303/11/202410-K
    09/30/202310/24/202310-Q
    06/30/202307/20/202310-Q
    03/31/202304/19/202310-Q
    12/31/202203/10/202310-K
    09/30/202210/21/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202607/23/202610-Q
    03/31/202604/16/202610-Q
    12/31/202503/27/202610-K
    09/30/202510/24/202510-Q
    06/30/202507/22/202510-Q
    03/31/202504/24/202510-Q
    12/31/202403/12/202510-K
    09/30/202410/23/202410-Q
    06/30/202407/22/202410-Q
    03/31/202404/23/202410-Q
    12/31/202303/11/202410-K
    09/30/202310/24/202310-Q
    06/30/202307/20/202310-Q
    03/31/202304/19/202310-Q
    12/31/202203/10/202310-K
    09/30/202210/21/202210-Q
    06/30/202207/22/202210-Q
    03/31/202204/14/202210-Q
    12/31/202103/11/202210-K
    09/30/202110/20/202110-Q
    06/30/202107/23/202110-Q
    03/31/202104/14/202110-Q
    12/31/202003/11/202110-K
    09/30/202010/20/202010-Q
    06/30/202007/23/202010-Q
    03/31/202004/13/202010-Q
    12/31/201903/17/202010-K
    09/30/201910/21/201910-Q

    Insider Activity

    Updated 7/28/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Ran, AssafPresident and CEODirectBuy72820263.998,00031,9204,927,650Form
    2Bentovim, Lyron LDirectBuy111920254.521,7577,942185,519Form
    3Ran, AssafPresident and CEODirectBuy111820254.654,00018,6005,705,550Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Ran, AssafPresident and CEODirectBuy72820263.998,00031,9204,927,650Form
    2Bentovim, Lyron LDirectBuy111920254.521,7577,942185,519Form
    3Ran, AssafPresident and CEODirectBuy111820254.654,00018,6005,705,550Form

    Industry Resources

    External Quote Links


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    Core Cache Last Updated: 8/7/2026