Manhattan Bridge Capital (LOAN) AI Stock Analysis

• Market Cap: $61.77M
• Dividend Yield: 8.52%
• Average Volume (3M): 19.14K
• Price to Earnings (P/E): 11.3
• Beta (1Y): 0.01
• Revenue Growth: -5.84%
• EPS Growth: -3.44%
• Country: US
• Employees: 6
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Mortgage
• EPS (TTM): 0.12
• Shares Outstanding: 11,438,651
• 10 Day Avg. Volume: 32,478
• 30 Day Avg. Volume: 19,141
• PEG Ratio: 1.65
• Price to Book (P/B): 1.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.86
• Enterprise Value/Market Cap: 1.49
• Enterprise Value/Revenue: 2.61
• Enterprise Value/Gross Profit: 11.67
• Enterprise Value/Ebitda: 3.49
• 1Y Price Target: $6.00
• Price Target Upside: 11.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 71 Outperform
• Price Target: $6.50 ▲(20.37%Upside)

The overall stock score of 71 reflects strong financial performance and attractive valuation, which are the most significant factors. However, technical indicators suggest caution due to overbought conditions, which could lead to short-term volatility. The absence of recent earnings call insights and corporate events means these factors do not influence the score.

Positive Factors

Credit Quality

Management has remained very disciplined in its credit standards, and since its founding, LOAN has never had to foreclose on a property and has never experienced a loan default.

Net Interest Margin

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

Pricing Power

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

Negative Factors

Loan Payoffs

The size of the loan portfolio decreased by 4.0% in 4Q24 as loan payoffs exceeded originations.

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 makes money by originating and servicing short-term, secured loans to real estate investors. The company earns revenue primarily through the interest charged on these loans, which typically have higher rates than traditional bank financing due to their short-term nature and higher risk profile. Additionally, the company collects origination fees, which are upfront charges for processing a new loan application. The company's earnings are also supported by the repayment of principal amounts on these loans. This business model benefits from a strong real estate market and the demand for quick, flexible financing solutions among property investors.

Manhattan Bridge Capital Financial Statement Overview

Summary

Manhattan Bridge Capital shows strong revenue growth and profitability with high margins and no debt, which is commendable for a mortgage REIT. However, the substantial EBIT loss in 2024 and potential liquidity constraints warrant attention.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.91M	9.69M	7.30M	6.76M	5.77M	5.66M
Gross Profit	7.90M	7.37M	7.27M	6.75M	5.76M	5.66M
EBITDA	3.94M	7.92M	7.97M	7.02M	5.45M	5.57M
Net Income	5.49M	5.59M	5.48M	5.21M	4.42M	4.23M
Balance Sheet
Total Assets	65.79M	67.93M	76.43M	76.28M	67.21M	59.84M
Cash, Cash Equivalents and Short-Term Investments	201.36K	178.01M	1.69M	103.54K	142.55K	131.65K
Total Debt	20.95M	22.55M	31.20M	31.02M	21.65M	26.28M
Total Liabilities	22.46M	24.66M	33.50M	33.42M	23.82M	27.88M
Stockholders Equity	43.33M	43.27B	42.93M	42.86M	43.39M	31.96M
Cash Flow
Free Cash Flow	4.85M	4.93M	5.60M	5.16M	4.60M	4.21M
Operating Cash Flow	4.86M	4.93M	5.61M	5.17M	4.60M	4.22M
Investing Cash Flow	8.85M	7.55M	1.43M	-8.77M	-7.62M	-4.61M
Financing Cash Flow	-13.89M	-13.97M	-5.45M	3.56M	2.70M	726.24K

Manhattan Bridge Capital Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 5.4 is above the 20-day moving average (MA) of 5.25, above the 50-day MA of 5.12, and above the 200-day MA of 5.20, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 60.18 is Neutral, neither overbought nor oversold. The STOCH value of 54.90 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	71 Outperform	$61.77M	11.25	12.70%	8.52%	-5.84%	-3.44%
Sector *	64 Neutral	$6.97B	18.66	-1.93%	6.82%	4.65%	-25.39%
ACR	60 Neutral	$130.51M	61.85	5.47%	―	-13.68%	-53.53%
CHMI	50 Neutral	$91.44M	43.78	-2.83%	21.43%	0.33%	-37.48%
RPT	50 Neutral	$124.91M	―	-7.80%	8.73%	-42.79%	86.97%
GPMT	49 Neutral	$123.92M	―	-20.41%	7.81%	-26.87%	-189.15%
SACH	47 Neutral	$61.03M	―	-20.80%	15.50%	-55.51%	-493.18%

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.