Bluerock Residential Growth REIT Beats FFO Estimates

December 1, 2017

Bluerock Residential Growth REIT Beats FFO Estimates

November 30, 2017 | James Sprow | Blue Vault

Data Center with 4 rows of servers

According to an article from S&P Global, publicly traded U.S. equity REITs beat S&P Capital IQ per-share earnings estimates by a median of 0.76% in Q3 2017.

“The largest beat of the quarter came from multifamily REIT Bluerock Residential Growth REIT Inc. Bluerock’s funds from operations per share of negative five cents constituted a 45.9% beat of its S&P Capital IQ FFO estimate of negative nine cents per share. Bluerock attributed much of its total revenue growth to the past year’s significant investment activity and pointed to this year’s sale of four properties as an offsetting factor.”

Data center and self-storage REITs included in the analysis beat their estimates, while the diversified sector was the only one to have the majority of its companies miss their projected earnings targets.

Bluerock Residential Growth REIT has Class A common stock listed on the NYSE under the symbol “BRG.” It closed at $11.28 on November 30, with a trailing annual dividend yield according to Yahoo Finance of 10.21%. Its Series A Preferred stock is listed on the NYSE American under the symbol “BRG-PrA.” The Class A preferred closed at $26.23 on November 30, with a trailing annual dividend yield of 4.42%. The enterprise value of the REIT was $911.1 million on that date.



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Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.