Bluerock Residential Growth REIT Announces First Quarter 2017 Results
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Bluerock Residential Growth REIT (BRG) Tops Q1 EPS by 14c
May 8, 2017 8:31 AM EDTBluerock Residential Growth REIT (NYSE: BRG) reported Q1 EPS of ($0.20), $0.14 better than the analyst estimate of ($0.34). Revenue for the quarter came in at $26.7 million versus the consensus estimate of $25.15 million.
Total revenues grew 61% to $26.7 million for the quarter from $16.6 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 first quarter of 2017 was $(0.20) per share, as compared to $(0.20) per share in the prior year period. Net loss attributable to common stockholders included non-cash expenses... More