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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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.


Bluerock Residential Growth REIT, Inc. Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$25.94 $26.00 $25.91 $25.97 $26.00 $26.00 66,039 -$0.07 -0.25% $773,345,910 -19.50 $26.98 $10.08 -0.50%

Last update: 2022-08-09 09:38:50 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 6.9

Hightlights of Trading Day August 8, 2022


Open Price: $26.07
Closing Price: $26
Price Change: -0.12 (-0.459%)
Lowest Price: $25.95
Highest Price: $26.19
52-Week Low: $10.08
52-Week High: $26.98
52-Week Change: 113.31%
5 Day Price Change: -0.57%
1 Month Price Change: -0.65%
3 Month Price Change: -1.15%
6 Month Price Change: 0.33%
YTD Price Change: 0.21%
1 Year Price Change: 113.31%
2 Year Price Change: 273.69%
5 Year Price Change: 241.49%

Dividend of Trading Day August 8, 2022


Dividend Yield: 2.5%*
Annualized Dividend: $0.65*
Dividend Yield (TTM): 2.466%
Annualized Dividend (TTM): $0.644
Ex-Dividend Date: 2022-06-23
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)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for BRG.

Year Quarter Type Amount Dividend Paid Payout Ratio
2021 Q4 FFO $--- $--- ---%
2021 Q4 FFO Core $--- $--- ---%
2021 Q3 FFO $--- $--- ---%
2021 Q3 FFO Core $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day August 8, 2022


Total Cash: $247,564,000
Current Debt: $64,874,000
Revenue: $228,099,000
Gross Profit: $229,052,000
Total Revenue: $228,099,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $268,998,000
Revenue Per Share: $8
Revenue Per Employee: N/A
Employee: 2,019
Debt to Equity Ratio (D/E): 2.33
Profit Margin: -0.16%
Enterprise Value (EV): $1,907,061,147
Enterprise Value to Revenue (EV/R): 8.36
Price to Sales (P/S): 3.43
Price to Book (P/B): 405.45
Price/Earnings-to-Growth (PEG) Ratio: 0.05
P/E Ratio: -19.55
P/E High: -3.29
P/E Low: -4.96
Forward P/E Ratio: N/A
Market Capitalization: $775,284,120
Beta: -0.02
Latest Volume: 152,635
Avg. Total Volume: 241,195
Avg. 10-Day Volume: 233,540
Avg. 30-Day Volume: 241,195
TTM EPS: -1.33
Shares Outstanding: 29,818,620
Float: N/A
50-Day Moving Avg.: $26.15
200-Day Moving Avg.: $26.24

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Properties Owned by BRG


BRG Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

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 2021-08-09 costing $997.05 @ $11.73 per share you would have been able to buy 42 shares of BRG on 2021-08-09 costing $492.66 @ $11.73 per share you would have been able to buy 21 shares of BRG on 2021-08-09 costing $246.33 @ $11.73 per share you would have been able to buy 8 shares of BRG on 2021-08-09 costing $93.84 @ $11.73 per share you would have been able to buy 4 shares of BRG on 2021-08-09 costing $46.92
Current worth On 2022-08-08 these 85 shares would be worth $2,210.00 @ $26.00 On 2022-08-08 these 42 shares would be worth $1,092.00 @ $26.00 On 2022-08-08 these 21 shares would be worth $546.00 @ $26.00 On 2022-08-08 these 8 shares would be worth $208.00 @ $26.00 On 2022-08-08 these 4 shares would be worth $104.00 @ $26.00
Dividends earned $55.25 in dividends would have been earned since 2021-08-09 with 85 shares. $27 in dividends would have been earned since 2021-08-09 with 42 shares. $13.65 in dividends would have been earned since 2021-08-09 with 21 shares. $5.20 in dividends would have been earned since 2021-08-09 with 8 shares. $2.60 in dividends would have been earned since 2021-08-09 with 42 shares.
Net (gain / loss)* 1,268.20 USD 626.64 USD 313.32 USD 119.36 USD 59.68 USD
ROI** 127.20% 127.20% 127.20% 127.20% 127.20%

*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 2022-06-23 0.163 --- 2022-06-10 2022-06-24 2022-07-05
BRG 2022-03-24 0.163 --- 2022-03-14 2022-03-25 2022-04-05
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

Financial Statements Overview


Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Current Cash 247,564,000 166,492,000 163,349,000 136,766,000
Receivables 53,441,000 173,489,000 179,395,000 165,654,000
Inventory 0 0 0 0
Current Assets 375,916,000 549,505,000 422,224,000 380,178,000
Current Assets (Other) 47,292,000 43,819,000 43,997,000 41,450,000
Short Term Investments 47,292,000 179,509,000 43,997,000 41,450,000
Long-term Investments 2,208,099,000 2,049,828,000 2,044,449,000 2,076,657,000
Property, Plant & Equipment Net 2,065,238,000 2,047,298,000 1,915,280,000 1,988,527,000
Goodwill 0 0 0 0
Intangible Assets 1,063,000 2,530,000 1,748,000 1,531,000
Other Assets 0 0 0 0
Net Tangible Assets 869,000 14,477,000 42,657,000 57,306,000
Total Assets 2,584,015,000 2,599,333,000 2,466,673,000 2,456,835,000
Accounts Payable 2,046,000 3,824,000 2,073,000 1,972,000
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 62,828,000 68,891,000 59,026,000 49,191,000
Total Current Liabilities 64,874,000 72,715,000 61,099,000 51,163,000
Current Long-term Debt 0 0 0 0
Long-term Debt 1,371,290,000 1,364,991,000 1,341,241,000 1,436,591,000
Total Liabilities 1,476,654,000 1,483,225,000 1,449,188,000 1,531,662,000
Minority Interest 40,490,000 45,519,000 46,848,000 42,773,000
Common Stock 28,447,877 26,313,245 26,567,269 28,129,862
Retained Earnings -347,482,000 -327,270,000 -295,672,000 -303,960,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,107,361,000 1,116,108,000 1,017,485,000 925,173,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Total Revenue 63,250,000 57,218,000 53,796,000 53,835,000
Cost of Revenue -795,000 -201,000 17,000 26,000
Gross Profit 64,045,000 57,419,000 53,779,000 53,809,000
Research and Development 0 0 0 0
Selling General and Admin 7,920,000 7,691,000 6,856,000 6,595,000
Operating Expense 50,952,000 47,196,000 47,027,000 46,706,000
Operating Income 12,298,000 10,022,000 6,769,000 7,129,000
Income Expense Net (Other) 0 137,427,000 0 0
EBIT 16,114,000 151,578,000 10,091,000 9,458,000
Interest Income 11,545,000 12,651,000 12,755,000 13,460,000
Pretax Income 1,902,000 -14,263,000 43,434,000 14,837,000
Income Tax 0 0 0 0
Minority Interest -6,480,000 -11,371,000 10,278,000 -1,391,000
Net Income -15,396,000 -27,581,000 12,160,000 -5,813,000
Net Income Basic -15,396,000 -27,581,000 12,160,000 -5,813,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Net Income -15,396,000 -27,581,000 12,160,000 -5,813,000
Depreciation 22,830,000 21,351,000 19,950,000 20,806,000
Changes in Receivables 53,441,000 173,489,000 179,395,000 165,654,000
Changes in Inventories 0 0 0 0
Cash Change 247,564,000 166,492,000 163,349,000 136,766,000
Cash Flow 21,588,000 18,804,000 23,229,000 22,479,000
Capital Expenditures -8,207,000 -8,867,000 -8,907,000 -5,968,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 69,378,000 -129,772,000 50,534,000 -68,028,000
Dividends Paid 0 0 0 0
Net Borrowings 1,076,434,000 1,018,990,000 1,133,895,000 1,258,375,000
Cash Flow Financing -12,290,000 108,643,000 -257,121,000 -37,935,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
3 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
6 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.7
3 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.2
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 8.8
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
4 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
7 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.4
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 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
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.0
6.9 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

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
Equity Residential (EQR) 8.2 NYSE Large-Cap Residential United States

Last updated: 2022-08-09 - v3.4