Great Elm Group Reports Fiscal 2024 Fourth Quarter and Full Year Financial Results
Great Elm Group, Inc. (GEG)
Company Research
Source: GlobeNewswire
PALM BEACH GARDENS, Fla., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal fourth quarter and year ended June 30, 2024. Fiscal Fourth Quarter 2024 and Recent Highlights Great Elm Capital Corp. (“GECC”) raised $34 million of additional debt and equity capital since April 2024.Fee-paying assets under management (“FPAUM”) and assets under management (“AUM”) both increased 6% in the quarter.Pro forma FPAUM1 and AUM1, inclusive of net proceeds from GECC’s July capital raise, totaled approximately $546 million and $749 million, respectively. Represents pro forma FPAUM1 and AUM1 growth of 11% and 9%, respectively, from March 31, 2024. Total revenue for the fourth quarter approximately tripled to $8.9 million, compared to $3.0 million for the prior-year period. Monomoy BTS closed the sale of its first build-to-suit property in Ju
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News
- Great Elm Capital announces conditional redemption of 6.75% notes due 2025 [Seeking Alpha]Seeking Alpha
- Great Elm Group (NASDAQ:GEG) shareholders have endured a 51% loss from investing in the stock five years ago [Yahoo! Finance]Yahoo! Finance
- Great Elm Group, Inc. (GEG) Q4 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
GEG
Sec Filings
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- GEG's page on the SEC website