Bluerock Residential Growth REIT, Inc. | REIT Profile

Symbol: BRG
CIK: 1442626
Exchange: NYSE
Preferred Stock: BRG-C, BRG-D
Founded: 2008 (14 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Residential
Externally Managed REIT

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See BRG on SEC.gov

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Overall Score: 6.5

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 20, 2022


Open Price: $26.49
Closing Price: $26.49
Price Change: -0.04 (-0.151%)
Lowest Price: $26.45
Highest Price: $26.66

52-Week Low: $8.49
52-Week High: $27.31
52-Week Change: 139.73%

5 Day Price Change: 0.11%
1 Month Price Change: 72.88%
3 Month Price Change: 76.77%
6 Month Price Change: 144.78%
YTD Price Change: 0.53%
1 Year Price Change: 143.07%
2 Year Price Change: 151.95%
5 Year Price Change: 190.21%

Dividend of Trading Day January 20, 2022


Dividend Yield: 2.454%*
Annualized Dividend: $0.65*
Dividend Yield (TTM): 2.413%
Annualized Dividend (TTM): $0.6402
Ex-Dividend Date: 2021-12-22
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 20, 2022


Total Cash: $163,349,000
Current Debt: $61,099,000
Revenue: $219,418,000
Gross Profit: $202,464,000
Total Revenue: $219,418,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $163,206,000
Revenue Per Share: $8
Revenue Per Employee: N/A
Employee: 2,018
Debt to Equity Ratio (D/E): 2.42
Profit Margin: 0.01%
Enterprise Value (EV): $1,905,246,970
Enterprise Value to Revenue (EV/R): 8.68
Price to Sales (P/S): 3.31
Price to Book (P/B): 16.38
Price/Earnings-to-Growth (PEG) Ratio: 2.22
P/E Ratio: 222.79
P/E High: 81.65
P/E Low: 67.39
Forward P/E Ratio: N/A
Market Capitalization: $726,258,317
Beta: 0.29
Latest Volume: 436,357
Avg. Total Volume: 476,841
Avg. 10-Day Volume: 307,240
Avg. 30-Day Volume: 476,841
TTM EPS: 0.12
Shares Outstanding: 27,416,320
Float: N/A
50-Day Moving Avg.: $22.08
200-Day Moving Avg.: $14.76

Latest REIT Community Comments on #BRG


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Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $11.73 per share you would have been able to buy 85 shares of BRG on 2021-01-21 costing $997.05 @ $11.73 per share you would have been able to buy 42 shares of BRG on 2021-01-21 costing $492.66 @ $11.73 per share you would have been able to buy 21 shares of BRG on 2021-01-21 costing $246.33 @ $11.73 per share you would have been able to buy 8 shares of BRG on 2021-01-21 costing $93.84 @ $11.73 per share you would have been able to buy 4 shares of BRG on 2021-01-21 costing $46.92
Current worth On 2022-01-20 these 85 shares would be worth $2,251.65 @ $26.49 On 2022-01-20 these 42 shares would be worth $1,112.58 @ $26.49 On 2022-01-20 these 21 shares would be worth $556.29 @ $26.49 On 2022-01-20 these 8 shares would be worth $211.92 @ $26.49 On 2022-01-20 these 4 shares would be worth $105.96 @ $26.49
Dividends earned $55.25 in dividends would have been earned since 2021-01-21 with 85 shares. $27 in dividends would have been earned since 2021-01-21 with 42 shares. $13.65 in dividends would have been earned since 2021-01-21 with 21 shares. $5.20 in dividends would have been earned since 2021-01-21 with 8 shares. $2.60 in dividends would have been earned since 2021-01-21 with 42 shares.
Net (gain / loss)* 1,309.85 USD 647.22 USD 323.61 USD 123.28 USD 61.64 USD
ROI** 131.37% 131.37% 131.37% 131.37% 131.37%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by BRG. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
BRG 2021-12-22 0.163 --- 2021-12-10 2021-12-23 2022-01-05
BRG 2021-09-23 0.163 --- 2021-09-10 2021-09-24 2021-10-05
BRG 2021-06-24 0.163 --- 2021-06-11 2021-06-25 2021-07-02
BRG 2021-03-24 0.163 --- 2021-03-12 2021-03-25 2021-04-05
BRG 2020-12-23 0.163 --- 2020-12-14 2020-12-24 2021-01-05
BRG 2020-09-24 0.163 --- 2020-09-11 2020-09-25 2020-10-05
BRG 2020-06-24 0.163 --- 2020-05-11 2020-06-25 2020-07-02
BRG 2020-03-24 0.163 --- 2020-03-13 2020-03-25 2020-04-03
BRG 2019-12-23 0.163 --- 2019-12-06 2019-12-24 2020-01-03
BRG 2019-09-24 0.163 --- 2019-09-13 2019-09-25 2019-10-04
BRG 2019-06-24 0.163 --- 2019-06-07 2019-06-25 2019-07-05
BRG 2019-03-22 0.163 --- 2019-03-08 2019-03-25 2019-04-05
BRG 2018-12-21 0.163 --- 2018-12-07 2018-12-24 2019-01-04
BRG 2018-09-24 0.163 --- 2018-09-07 2018-09-25 2018-10-05
BRG 2018-06-22 0.163 --- 2018-06-08 2018-06-25 2018-07-05
BRG 2018-03-22 0.163 68.05% 2017-12-20 2018-03-23 2018-04-05
BRG 2017-12-21 0.097 --- 2017-10-13 2017-12-22 2018-01-05
BRG 2017-11-22 0.097 --- 2017-10-13 2017-11-24 2017-12-05
BRG 2017-10-24 0.097 --- 2017-10-13 2017-10-25 2017-11-03
BRG 2017-09-22 0.097 --- 2017-08-10 2017-09-25 2017-10-05

Financial Statements Overview


The next Earnings Report for BRG is 2022-02-10

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 163,349,000 136,766,000 148,070,000 83,868,000
Receivables 179,395,000 165,654,000 169,712,000 157,734,000
Inventory 0 0 0 0
Current Assets 422,224,000 380,178,000 400,045,000 392,760,000
Current Assets (Other) 43,997,000 41,450,000 49,645,000 32,435,000
Short Term Investments 43,997,000 41,450,000 49,645,000 116,065,000
Long-term Investments 2,044,449,000 2,076,657,000 2,015,480,000 2,097,177,000
Property, Plant & Equipment Net 1,915,280,000 1,988,527,000 1,948,319,000 2,097,177,000
Goodwill 0 0 0 0
Intangible Assets 1,748,000 1,531,000 1,111,000 0
Other Assets 0 0 0 0
Net Tangible Assets 42,657,000 57,306,000 38,301,000 -8,461,000
Total Assets 2,466,673,000 2,456,835,000 2,415,525,000 2,489,937,000
Accounts Payable 2,073,000 1,972,000 1,500,000 1,317,000
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 59,026,000 49,191,000 42,723,000 45,447,000
Total Current Liabilities 61,099,000 51,163,000 44,223,000 46,764,000
Current Long-term Debt 0 0 0 0
Long-term Debt 1,341,241,000 1,436,591,000 1,460,751,000 1,562,705,000
Total Liabilities 1,449,188,000 1,531,662,000 1,542,108,000 1,630,863,000
Minority Interest 46,848,000 42,773,000 36,510,000 21,394,000
Common Stock 26,567,269 28,129,862 23,089,364 23,376,234
Retained Earnings -295,672,000 -303,960,000 -293,766,000 -313,392,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,017,485,000 925,173,000 873,417,000 859,074,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 53,796,000 53,835,000 55,802,000 55,985,000
Cost of Revenue 17,000 26,000 542,000 16,369,000
Gross Profit 53,779,000 53,809,000 55,260,000 39,616,000
Research and Development 0 0 0 0
Selling General and Admin 6,856,000 6,595,000 6,645,000 6,566,000
Operating Expense 47,027,000 46,706,000 49,133,000 62,530,000
Operating Income 6,769,000 7,129,000 6,669,000 -6,545,000
Income Expense Net (Other) 0 0 0 59,508,000
EBIT 10,091,000 9,458,000 8,956,000 56,001,000
Interest Income 12,755,000 13,460,000 13,835,000 13,699,000
Pretax Income 43,434,000 14,837,000 61,146,000 -16,414,000
Income Tax 0 0 0 0
Minority Interest 10,278,000 -1,391,000 15,926,000 -10,750,000
Net Income 12,160,000 -5,813,000 23,199,000 -26,527,000
Net Income Basic 12,160,000 -5,813,000 23,199,000 -26,527,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 12,160,000 -5,813,000 23,199,000 -26,527,000
Depreciation 19,950,000 20,806,000 21,199,000 82,993,000
Changes in Receivables 179,395,000 165,654,000 169,712,000 157,734,000
Changes in Inventories 0 0 0 0
Cash Change 163,349,000 136,766,000 148,070,000 83,868,000
Cash Flow 23,229,000 22,479,000 17,540,000 12,544,000
Capital Expenditures -8,907,000 -5,968,000 -4,162,000 -17,119,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 50,534,000 -68,028,000 186,680,000 -33,119,000
Dividends Paid 0 0 0 0
Net Borrowings 1,133,895,000 1,258,375,000 1,263,036,000 1,362,772,000
Cash Flow Financing -257,121,000 -37,935,000 142,493,000 12,956,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Bluerock Residential Growth REIT, Inc.


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.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
7 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
6 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.8
0 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
6 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 7.7
4 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
9 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
7 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
10 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
6.5 Overall REITRating™ Score (See trend) 6.1

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.

REITProperty


Below are some of the properties owned by this BRG. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
Alexan CityCentre Multi-Family 905 Town and Country Boulevard Houston TX
Alexan Southside Multi-Family 4139 Bellaire Boulevard Houston TX
APOK Townhomes Multi-Family Broken Sound Parkway & Yamoto Road Boca Raton FL

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Last updated: 2022-01-21 - v2.9