Bluerock Residential Growth REIT (BRG) Tops Q3 FFO by 10c/Share

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Bluerock Residential Growth REIT Announces Third Quarter 2015

November 12, 2015 8:31 AM EST

NEW YORK, Nov. 12, 2015 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) ("the Company") announced today its financial results for the quarter ended September 30, 2015.

Highlights

Adjusted funds from operations ("AFFO") grew 238% to $4.4 million for the quarter from $1.3 million for the prior year quarter. AFFO per share is $0.22 for the third quarter of 2015 as compared to $0.22 for the third quarter of 2014, and exceeded guidance of $0.14 - $0.16. Total revenues grew 21% to $11.6 million for the quarter from $9.6 million for the prior year quarter as a... More