Symbol: BRG
CIK: 1442626
Exchange: NYSE
Founded: 2008 (11 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Residential
Externally Managed REIT
See BRG on Google Finance
See BRG on Yahoo Finance
See BRG on SEC.gov
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Click on rating to expand| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 0 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 5.5 |
| 2 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 4.5 |
| 10 | Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. | 6.9 |
| 10 | Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. | 5.8 |
| 10 | AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. | 7.0 |
| 6.4 | Overall Dividend Section Rating: The REIT’s total dividend score from the compilation of the below dividend analysis. | 6.8 |
| Rating | Leverage Section | Avg. Rating |
|---|---|---|
| 3 | Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. | 6.6 |
| 5 | Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. | 7.3 |
| 7 | Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. | 8.0 |
| 4 | Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. | 8.0 |
| 5 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 6.3 |
| 6 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 7.1 |
| 5.0 | Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. | 7.5 |
| Rating | Asset & Revenue Section | Avg. Rating |
|---|---|---|
| 7 | G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. | 6.9 |
| 5 | G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. | 7.7 |
| 10 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 6.9 |
| 10 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 7.3 |
| 8.0 | Overall Asset & Revenue Section Rating: The REIT’s total Asset, Revenues, and Administrative expenses score from the compilation of the above analysis. | 7.2 |
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.
See list of properties owned by BRGBelow are the most recent cash dividends paid by BRG, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
Login to see Dividend History |
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See Annual Balance Sheet | See Quarterly Balance Sheet
Amounts in USD ($)
| Balance Sheet | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|
| Current Cash | 55,149,000 | 46,996,000 | 52,244,000 | 58,488,000 |
| Receivables | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 |
| Current Assets | 0 | 0 | 0 | 0 |
| Current Assets (Other) | 0 | 0 | 0 | 0 |
| Short Term Investments | 0 | 0 | 0 | 0 |
| Long-term Investments | 100,704,000 | 93,728,000 | 89,033,000 | 77,466,000 |
| Property, Plant & Equipment Net | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 1,786,000 | 443,000 | 1,768,000 | 1,212,000 |
| Other Assets | 17,063,000 | 12,332,000 | 14,395,000 | 19,883,000 |
| Net Tangible Assets | 669,269,000 | 642,776,000 | 627,218,000 | 606,761,000 |
| Total Assets | 2,135,708,000 | 2,013,447,000 | 2,018,135,000 | 1,879,588,000 |
| Accounts Payable | 0 | 0 | 0 | 0 |
| Liabilities (Other) | 145,653,000 | 39,774,000 | 45,975,000 | 48,158,000 |
| Current Liabilities (Other) | 12,527,000 | 12,317,000 | 12,073,000 | 11,848,000 |
| Total Current Liabilities | 0 | 0 | 0 | 0 |
| Current Long-term Debt | 36,460,000 | 16,727,000 | 21,865,000 | 1,392,000 |
| Long-term Debt | 1,243,935,000 | 1,266,178,000 | 1,266,480,000 | 1,168,648,000 |
| Total Liabilities | 1,426,048,000 | 1,322,679,000 | 1,334,320,000 | 1,218,198,000 |
| Minority Interest | -4,277,000 | -4,543,000 | -4,458,000 | -3,513,000 |
| Common Stock | 224,000 | 229,000 | 234,000 | 238,000 |
| Retained Earnings | -248,988,000 | -234,363,000 | -218,531,000 | -201,914,000 |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Capital Surplus | 295,444,000 | 300,407,000 | 307,938,000 | 309,883,000 |
| Shareholder Equity | 669,269,000 | 642,776,000 | 627,218,000 | 606,761,000 |
See Annual Income Statement | See Quarterly Income Statement
Amounts in USD ($)
| Income Statement | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|
| Total Revenue | 52,437,000 | 51,466,000 | 50,011,000 | 47,877,000 |
| Cost of Revenue | 36,329,000 | 37,047,000 | 35,516,000 | 34,496,000 |
| Gross Profit | 16,108,000 | 14,419,000 | 14,495,000 | 13,381,000 |
| Research and Development | 0 | 0 | 0 | 0 |
| Selling General and Admin | 0 | 0 | 0 | 0 |
| Operating Expense | 41,375,000 | 42,674,000 | 41,139,000 | 39,228,000 |
| Operating Income | 10,992,000 | 7,046,000 | 5,689,000 | 8,942,000 |
| Income Expense Net (Other) | -12,924,000 | -11,411,000 | -11,461,000 | -12,053,000 |
| EBIT | 10,992,000 | 7,046,000 | 5,689,000 | 8,942,000 |
| Interest Income | 15,125,000 | 14,379,000 | 13,789,000 | 13,205,000 |
| Pretax Income | -1,932,000 | -4,365,000 | -5,772,000 | -3,111,000 |
| Income Tax | 0 | 0 | 0 | 0 |
| Minority Interest | -4,277,000 | -4,543,000 | -4,458,000 | -3,513,000 |
| Net Income | 2,345,000 | -53,000 | -1,472,000 | 230,000 |
| Net Income Basic | -10,990,000 | -12,324,000 | -12,943,000 | -10,506,000 |
See Annual Cash Flow | See Quarterly Cash Flow
Amounts in USD ($)
| Cash Flow | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|
| Net Income | 2,345,000 | -53,000 | -1,472,000 | 230,000 |
| Depreciation | 17,141,000 | 18,141,000 | -40,450,000 | 16,495,000 |
| Changes in Receivables | 0 | 0 | 0 | 0 |
| Changes in Inventories | 0 | 0 | 0 | 0 |
| Cash Change | 8,153,000 | -5,248,000 | -6,244,000 | 3,302,000 |
| Cash Flow | 16,187,000 | 10,866,000 | 18,778,000 | 17,863,000 |
| Capital Expenditures | -4,944,000 | -6,188,000 | -6,372,000 | -5,360,000 |
| Investments | -120,538,000 | -11,632,000 | -151,867,000 | -43,662,000 |
| Investing Activity (Other) | -1,732,000 | -9,906,000 | -771,000 | -267,000 |
| Total Investing Cash Flows | -127,214,000 | -27,726,000 | -159,010,000 | -49,289,000 |
| Dividends Paid | -14,507,000 | -14,000,000 | -13,285,000 | -12,833,000 |
| Net Borrowings | 98,016,000 | -5,902,000 | 117,388,000 | 25,169,000 |
| Cash Flow Financing | 119,180,000 | 11,612,000 | 133,988,000 | 34,728,000 |
| Financing Cash Flows (Other) | -1,860,000 | -1,533,000 | -4,661,000 | -4,037,000 |
| Exchange Rate Effect | 0 | 0 | 0 | 0 |
BRG invests in well-located, institutional-quality apartment properties in US growth markets. Utilizing core, value-added, opportunistic and invest-to-own strategies, we seek to maximize long-term value in projects that demonstrate a measurable opportunity for us to drive growth. BRG focuses on growing value through improvements to properties and operations. We often partner as majority owners with leading regional owner/operators. This strategy provides us with access to critical local market insights, relationship capital and operational infrastructure while making sure the interests of our on-sight managers are aligned with those of our investors.
| REIT | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|
| Equity Residential (EQR) | NYSE | Large-Cap | Residential | United States |
| Preferred Apartment Communities, Inc. (APTS) | NYSE | Small-Cap | Retail Office Residential | United States |