Bluerock Residential Growth REIT (BRG) Tops Q2 FFO by 7c/Share
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Bluerock Residential Growth REIT Announces Second Quarter 2015 AFFO per share of $0.19 exceeding Guidance of $0.15 - $0.16 Pro Forma AFFO per share of $0.34 exceeding Guidance of $0.26 - $0.28
August 11, 2015 8:30 AM EDTNEW YORK, Aug. 11, 2015 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) ("the Company") announced today its financial results for the quarter ended June 30, 2015.
Highlights
Adjusted funds from operations ("AFFO") grew 288% to $3.1 million for the quarter from $0.8 million for the prior year quarter. AFFO per share grew 46% to $0.19 for the second quarter of 2015 from $0.13 for the second quarter of 2014, and exceeding guidance of $0.15 - $0.16. Excluding the impact of the Company's May follow-on offering (i.e. increase in cash and shares),... More