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How did Bluerock Residential Growth REIT perform in Q1 2021 compared to the prior year?

June 14, 2021

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.

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Thomas E. Burns, III
July 29, 2015
February 22, 2016

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