Manhattan Bridge Capital (LOAN) AI Stock Analysis

• Market Cap: $61.54M
• Dividend Yield: 8.53%
• Average Volume (3M): 21.16K
• Price to Earnings (P/E): 11.2
• Beta (1Y): -0.01
• Revenue Growth: -7.13%
• EPS Growth: -3.24%
• Country: US
• Employees: 6
• Sector: Real Estate
• Sector Strength: 48
• Industry: REIT - Mortgage
• EPS (TTM): 0.12
• Shares Outstanding: 11,438,651
• 10 Day Avg. Volume: 23,675
• 30 Day Avg. Volume: 21,155
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.38
• Enterprise Value/Revenue: 10.87
• Enterprise Value/Gross Profit: 10.89
• Enterprise Value/Ebitda: 25.47
• 1Y Price Target: $6.00
• Price Target Upside: 11.52% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 70 Outperform
• Price Target: $6.00 ▲(11.52% Upside)

Manhattan Bridge Capital's strong financial performance, characterized by robust revenue growth and high profitability, is the most significant factor supporting its stock score. The attractive dividend yield further enhances its valuation appeal. However, technical indicators suggest potential short-term weakness, and liquidity concerns due to cash flow challenges need careful monitoring.

Positive Factors

Credit Quality

Management has remained very disciplined in its credit standards, with LOAN never having to foreclose on a property or experiencing a loan default.

Pricing Power

Pricing power has improved significantly, reducing competition markedly and improving pricing to 2018 levels, which is a positive factor.

Profitability

The net interest margin (NIM) was up to 8.5% in 1Q25 from 8.4% in 4Q24, suggesting stability and potential growth in profitability.

Negative Factors

Lending Environment

The lending environment is less competitive but much slower, contributing to uncertainty about future loan originations and payoffs.

Loan Portfolio Size

There is uncertainty about the magnitude of future originations and payoffs, which impacts the size of the loan portfolio and leads to maintaining a Hold rating.

Macroeconomic Uncertainty

Management has been cautious with loan originations due to macroeconomic uncertainty, as reflected in the loan portfolio decreasing by 3.5% in 1Q25.

Manhattan Bridge Capital Business Overview & Revenue Model

Company Description

Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area, including New Jersey and Connecticut, and in Florida. The company's loans are primarily secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the borrowers. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Manhattan Bridge Capital, Inc. was founded in 1989 and is headquartered in Great Neck, New York.

How the Company Makes Money

Manhattan Bridge Capital generates revenue primarily through the interest and fees associated with its short-term loans. The company charges interest rates that are typically higher than traditional lending institutions due to the increased risk associated with the borrowers and the nature of the loans. Additionally, the company may earn origination fees, which are charged at the time the loan is issued. Its revenue model is bolstered by its ability to quickly underwrite and process loans, allowing for a fast turnaround and repeat business from real estate investors. Partnerships with real estate professionals and developers further enhance its reach and client base, contributing to consistent revenue generation.

Manhattan Bridge Capital Financial Statement Overview

Summary

Manhattan Bridge Capital demonstrates strong revenue growth and profitability, with impressive margins and no debt in the latest period, which is commendable for a mortgage REIT. While the balance sheet and cash flow statements reflect stability, the substantial EBIT loss in 2024 warrants attention. Overall, the company is on a solid financial footing, but potential liquidity constraints and cash outflows need careful management.

Income Statement

The income statement shows strong revenue growth over the years, with a notable increase in total revenue from $5.77 million in 2021 to $8.35 million in TTM 2025. Gross profit margins are consistently high, nearing 100%, which is typical for the REIT industry. The net profit margin has improved to 65.7% in TTM 2025, indicating enhanced profitability. However, there was a significant EBIT loss in 2024, which should be monitored.

Balance Sheet

The balance sheet is solid, with no debt reported in TTM 2025, showcasing a strong financial position. The equity ratio remains stable around 66%, indicating a well-capitalized company. Return on equity (ROE) is impressive at 12.7% in TTM 2025, reflecting efficient use of shareholder funds. However, a decrease in cash and equivalents compared to 2024 suggests potential liquidity challenges.

Cash Flow

The cash flow statement indicates a stable operating cash flow, with a slight decline in free cash flow in TTM 2025 compared to 2024. The operating cash flow to net income ratio remains healthy, indicating good cash generation relative to earnings. However, the high financing cash outflow suggests significant dividend payments or debt repayments that should be monitored for sustainability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.69M	7.30M	6.76M	5.77M	5.66M
Gross Profit	7.37M	7.27M	6.75M	5.76M	5.66M
EBITDA	7.92M	7.97M	7.02M	5.45M	5.57M
Net Income	5.59M	5.48M	5.21M	4.42M	4.23M
Balance Sheet
Total Assets	67.93M	76.43M	76.28M	67.21M	59.84M
Cash, Cash Equivalents and Short-Term Investments	178.01M	1.69M	103.54K	142.55K	131.65K
Total Debt	22.55M	31.20M	31.02M	21.65M	26.28M
Total Liabilities	24.66M	33.50M	33.42M	23.82M	27.88M
Stockholders Equity	43.27B	42.93M	42.86M	43.39M	31.96M
Cash Flow
Free Cash Flow	4.93M	5.60M	5.16M	4.60M	4.21M
Operating Cash Flow	4.93M	5.61M	5.17M	4.60M	4.22M
Investing Cash Flow	7.55M	1.43M	-8.77M	-7.62M	-4.61M
Financing Cash Flow	-13.97M	-5.45M	3.56M	2.70M	726.24K

Manhattan Bridge Capital Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.38
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LOAN, the sentiment is Positive. The current price of 5.38 is below the 20-day moving average (MA) of 5.39, below the 50-day MA of 5.43, and above the 200-day MA of 5.27, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 49.02 is Neutral, neither overbought nor oversold. The STOCH value of 66.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LOAN.

Manhattan Bridge Capital Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LOAN	70 Outperform	$61.54M	11.23	12.68%	8.53%	-7.13%	-3.24%
Sector *	65 Neutral	$2.09B	15.75	3.79%	4.99%	4.78%	6.63%
ACR	59 Neutral	$158.48M	66.03	5.05%	―	-16.01%	-98.23%
CHMI	54 Neutral	$104.53M	43.78	-2.56%	20.69%	-2.02%	-20.61%
RPT	50 Neutral	$116.73M	―	-2.52%	9.23%	-23.34%	95.08%
GPMT	49 Neutral	$134.60M	―	-14.12%	6.73%	-29.55%	42.09%
SACH	47 Neutral	$58.70M	―	-18.82%	18.55%	-61.14%	-1562.60%

Manhattan Bridge Capital Corporate Events

Manhattan Bridge Capital Holds 2025 Shareholder Meeting

On June 18, 2025, Manhattan Bridge Capital, Inc. held its 2025 Annual Meeting of Shareholders, where key decisions were made regarding the company’s governance and financial oversight. Shareholders elected directors to serve until the next annual meeting, approved the appointment of Hoberman & Lesser, LLP as independent auditors for 2025, and voted on executive compensation matters. Notably, it was decided that advisory votes on executive compensation will occur every three years, with the next vote scheduled for the 2028 annual meeting.