How did Bluerock Residential Growth REIT perform in Q1 2021 compared to the prior year?
Answer: Net income attributable to common stockholders for the first quarter of 2021 was $23.6 million or $1.00 per diluted share, as compared to net loss attributable to common stockholders of ($16.5) million or ($0.70) per diluted share in the prior year period. March 2021 average lease growth finished at 5.8%, with renewals at 5.5% and new leases at 6.1%. Average lease growth accelerated to 7.7% growth in April. Portfolio occupancy was 95.8% at March 31, 2021, up 150 basis points from the prior year.
