Bluerock Residential Growth REIT Announces Third Quarter 2020 Results
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Bluerock Residential Growth REIT (BRG) Misses Q3 EPS by 7c, Revenues Beat
November 5, 2020 9:08 AM ESTBluerock Residential Growth REIT (NYSE: BRG) reported Q3 EPS of ($0.71), $0.07 worse than the analyst estimate of ($0.64). Revenue for the quarter came in at $54.6 million versus the consensus estimate of $52.59 million.
Third Quarter Highlights
Total revenues grew 1.9% to $54.6 million for the quarter from $53.5 million in the prior year period.Net loss attributable to common stockholders for the third quarter of 2020 was ($0.71) per diluted share, as compared to net income attributable to common stockholders of $0.75 per diluted share in the prior year period.Property Net Operating Income ("NOI") grew 3.7% to $29.1 million, from... More