Bluerock Residential Growth REIT (BRG) Posts Q4 Pro-Forma FFO of $0.41

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Bluerock Residential Growth REIT Announces Fourth Quarter 2016 Results

February 16, 2017 8:30 AM EST

NEW YORK, Feb. 16, 2017 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) ("the Company") announced today its financial results for the quarter ended December 31, 2016.

Highlights

Total revenues grew 70% to $22.4 million for the quarter from $13.2 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 fourth quarter of 2016 was $7.3 million, or $(0.34) per share, as compared to a net loss of $1.5 million, or $(0.07) per share, in the prior year period.... More