Bluerock Residential Growth REIT (BRG) Tops Q4 FFO by 16c/Share

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Bluerock Residential Growth REIT Announces Fourth Quarter 2015

February 24, 2016 8:30 AM EST

NEW YORK, Feb. 24, 2016 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) ("the Company") announced today its financial results for the quarter ended December 31, 2015.

Highlights

Adjusted funds from operations attributable to common stockholders ("AFFO") grew 153% to $4.3 million for the quarter from $1.7 million for the prior year quarter. AFFO per share is $0.21 for the fourth quarter of 2015 as compared to $0.19 for the fourth quarter of 2014, and exceeded guidance of $0.12 - $0.13. Total revenues grew 35% to $13.2 million for the quarter from $9.8 million for the... More