Bluerock Residential Growth REIT, Inc.

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

Website Logo  Linkedin Logo 

Overall Score: 6.3

See score breakdown

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. Learn More


Bluerock Residential Growth REIT, Inc. Company Logo

Stock Chart

See in Advanced Graph View

Hightlights of Trading Day October 18, 2019


Open Price: $12.1
Closing Price: $12.23
Price Change: 0.07 (0.576%)
Lowest Price: $11.95
Highest Price: $12.25

52-Week Low: $8.19
52-Week High: $12.65
52-Week Change: 37.26%

5 Day Price Change: 4.11%
1 Month Price Change: 2.88%
3 Month Price Change: 3.75%
6 Month Price Change: 10.85%
YTD Price Change: 32.61%
1 Year Price Change: 36.48%
2 Year Price Change: 6.11%
5 Year Price Change: 0.50%

Dividend of Trading Day October 18, 2019


Dividend Yield: 5.315%*
Annualized Dividend: $0.65*
Dividend Yield (TTM): 5.315%
Annualized Dividend (TTM): $0.65
Ex Dividend Date: 2019-09-24
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.

Funds From Operations (FFO)


Login to see Funds From Operations (FFO) Locked, Login to see more

Key Stats of Trading Day October 18, 2019


Total Cash: $52,244,000
Current Debt: $21,865,000
Revenue: $184,716,000
Gross Profit: $49,645,000
Total Revenue: $184,716,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $89,813,000
Revenue Per Share: $8
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 2.05
Profit Margin: -0.01%
Enterprise Value (EV): $1,514,470,475
Enterprise Value to Revenue (EV/R): 8.20
Price to Sales (P/S): 1.51
Price to Book (P/B): 0.44
Peg Ratio: -0.42
P/E Ratio: -6.05
P/E High: -9.96
P/E Low: -6.45
Forward P/E Ratio: -6.35
Market Capitalization: $291,477,627
Beta: 0.33
Latest Volume: 124,586.00
Avg. Total Volume: 118,234
Avg. 10 Volume: 104,800.20
Avg. 30 Volume: 118,233.77
TTM EPS: -2.02
TTM Dividend Rate: 0.65
Shares Outstanding: 23,756,400
Float: 23,665,317.96
50-Day Moving Avg.: 12.02
200-Day Moving Avg.: 11.31

Latest REIT Community Comments on #BRG


See more community comments related to BRG

Properties Owned by BRG


Properties owned:
41
Types:
1
States:
7
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
BRG Sample Property
Website Logo See list of properties owned by BRG
Please visit this REIT’s official webpage to learn more.

Occupancy Rate


Login to see Occupancy Rate Locked, Login to see more

Dividend History


Below 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 Locked, Login to see more

Financial Statements Overview

Balance Sheet (Quarterly)

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

Income Statement (Quarterly)

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

Cash Flow

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

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
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
3 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
10 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
9 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.5
10 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 8.7
Rating Leverage Section Avg. Rating
0 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
2 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
8 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. 7.3
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
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. 7.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.2
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.3
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.1
6.3 Overall REITRating™ Score 6.6

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.

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
Equity Residential (EQR) 7.7 NYSE Large-Cap Residential United States
Preferred Apartment Communities, Inc. (APTS) 6.6 NYSE Small-Cap Retail Office Residential United States