Bluerock Residential Growth REIT (BRG) Tops Q1 FFO by 14c/Share
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Bluerock Residential Growth REIT Announces First Quarter 2016
May 10, 2016 8:30 AM EDTNEW YORK, May 10, 2016 /PRNewswire/ --Â Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) ("the Company") announced today its financial results for the quarter ended March 31, 2016.
Highlights
Adjusted funds from operations attributable to common stockholders ("AFFO") grew 211% to $5.3 million for the quarter from $1.7 million for the prior year quarter. AFFO per diluted share is $0.26 for the first quarter of 2016 as compared to $0.13 for the first quarter of 2015, and exceeded guidance of $0.16 - $0.18. Total revenues grew 84% to $16.6 million for the quarter primarily from... More