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

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Overall Score: 6.1

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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 December 13, 2019


Open Price: $11.79
Closing Price: $11.64
Price Change: -0.17 (-1.439%)
Lowest Price: $11.56
Highest Price: $11.85

52-Week Low: $8.62
52-Week High: $12.65
52-Week Change: 22.89%

5 Day Price Change: -4.45%
1 Month Price Change: 0.77%
3 Month Price Change: 1.29%
6 Month Price Change: -1.34%
YTD Price Change: 28.79%
1 Year Price Change: 22.89%
2 Year Price Change: 13.01%
5 Year Price Change: -7.66%

Dividend of Trading Day December 13, 2019


Dividend Yield: 5.584%*
Annualized Dividend: $0.65*
Dividend Yield (TTM): 5.504%
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. This graph does not include extraordinary dividend.

Funds From Operations (FFO)


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Key Stats of Trading Day December 13, 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): $1,513,945,185
Enterprise Value to Revenue (EV/R): 8.20
Price to Sales (P/S): 1.50
Price to Book (P/B): 0.44
Peg Ratio: -0.06
P/E Ratio: -14.15
P/E High: -158.13
P/E Low: -107.75
Forward P/E Ratio: -15.07
Market Capitalization: $261,659,087
Beta: 0.38
Latest Volume: 82,037.00
Avg. Total Volume: 142,703
Avg. 10 Volume: 145,198.80
Avg. 30 Volume: 142,702.77
TTM EPS: -0.82
TTM Dividend Rate: 0.65
Shares Outstanding: 22,402,700
Float: 22,311,611.00
50-Day Moving Avg.: 11.97
200-Day Moving Avg.: 11.62

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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
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Occupancy Rate


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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

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 85,330,000 55,149,000 46,996,000 52,244,000
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 105,399,000 100,704,000 93,728,000 89,033,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 2,756,000 1,786,000 443,000 1,768,000
Other Assets 13,410,000 17,063,000 12,332,000 14,395,000
Net Tangible Assets 742,579,000 669,269,000 642,776,000 627,218,000
Total Assets 2,090,483,000 2,135,708,000 2,013,447,000 2,018,135,000
Accounts Payable 0 0 0 0
Liabilities (Other) 49,571,000 145,653,000 39,774,000 45,975,000
Current Liabilities (Other) 12,948,000 12,527,000 12,317,000 12,073,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 1,399,000 36,460,000 16,727,000 21,865,000
Long-term Debt 1,253,201,000 1,243,935,000 1,266,178,000 1,266,480,000
Total Liabilities 1,304,171,000 1,426,048,000 1,322,679,000 1,334,320,000
Minority Interest 6,411,000 -4,277,000 -4,543,000 -4,458,000
Common Stock 22,458,663 224,000 229,000 234,000
Retained Earnings -235,477,000 -248,988,000 -234,363,000 -218,531,000
Treasury Stock 0 0 0 0
Capital Surplus 299,507,000 295,444,000 300,407,000 307,938,000
Shareholder Equity 742,579,000 669,269,000 642,776,000 627,218,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 53,547,000 52,437,000 51,466,000 50,011,000
Cost of Revenue 38,276,000 36,329,000 37,047,000 35,516,000
Gross Profit 15,271,000 16,108,000 14,419,000 14,495,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 44,535,000 41,375,000 42,674,000 41,139,000
Operating Income 8,659,000 10,992,000 7,046,000 5,689,000
Income Expense Net (Other) 29,516,000 -12,924,000 -11,411,000 -11,461,000
EBIT 8,659,000 10,992,000 7,046,000 5,689,000
Interest Income 14,499,000 15,125,000 14,379,000 13,789,000
Pretax Income 38,175,000 -1,932,000 -4,365,000 -5,772,000
Income Tax 0 0 0 0
Minority Interest 6,411,000 -4,277,000 -4,543,000 -4,458,000
Net Income 31,514,000 2,345,000 -53,000 -1,472,000
Net Income Basic 16,910,000 -10,990,000 -12,324,000 -12,943,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 31,514,000 2,345,000 -53,000 -1,472,000
Depreciation 18,524,000 17,141,000 18,141,000 -40,450,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 30,181,000 8,153,000 -5,248,000 -6,244,000
Cash Flow 24,127,000 16,187,000 10,866,000 18,778,000
Capital Expenditures -4,727,000 -4,944,000 -6,188,000 -6,372,000
Investments 113,585,000 -120,538,000 -11,632,000 -151,867,000
Investing Activity (Other) -4,459,000 -1,732,000 -9,906,000 -771,000
Total Investing Cash Flows 104,399,000 -127,214,000 -27,726,000 -159,010,000
Dividends Paid -15,218,000 -14,507,000 -14,000,000 -13,285,000
Net Borrowings -134,215,000 98,016,000 -5,902,000 117,388,000
Cash Flow Financing -98,345,000 119,180,000 11,612,000 133,988,000
Financing Cash Flows (Other) -4,066,000 -1,860,000 -1,533,000 -4,661,000
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. 5.4
5 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
10 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.9
10 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 8.7
4 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
5 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
6 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.9
Rating Leverage Section Avg. Rating
0 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 4.9
0 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
6 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
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. 6.9
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
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. 7.9
6.1 Overall REITRating™ Score 6.5

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.

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