Bluerock Residential Growth REIT (BRG) Reports Q1 Revenues Beat

Bluerock Residential Growth REIT (NYSE: BRG) reported Q1 EPS of $1.00, $1.53 better than the analyst estimate of ($0.53). Revenue for the quarter came in at $55.8 million versus the consensus estimate of $51.56 million.

"We are encouraged by the substantial sequential reacceleration of rent growth and year over year improvement in same store occupancy which reflect a high-quality affordable Class A portfolio of highly amenitized live/work/play apartment communities," said Ramin Kamfar, Company Chairman and CEO. "Our strategy of maintaining occupancy over the past year, along with the favorable positioning of our portfolio, is allowing us to achieve industry-leading lease rate growth."

For earnings history and earnings-related data on Bluerock Residential Growth REIT (BRG) click here.

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