Bluerock Residential Growth REIT (BRG) Tops Q2 AFFO by 10c

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Bluerock Residential Growth REIT Announces Second Quarter 2016 Results

August 8, 2016 8:30 AM EDT

NEW YORK, Aug. 8, 2016 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG, BRG PrA, and BRG PrC) ("the Company") announced today its financial results for the quarter ended June 30, 2016.

Highlights

Total revenues grew 75% to $18.4 million for the quarter from $10.5 million for the prior year quarter primarily as a result of significant investment activity in the past year. Net loss attributable to common stockholders for the second quarter of 2016 was $5.0 million, or $(0.24) per share, as compared to a net loss of $0.6 million, or $(0.04) per share, in the prior year period. Net... More