Bluerock Residential Growth REIT Announces Fourth Quarter 2020 Results
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Bluerock Residential Growth REIT (BRG) Misses Q4 EPS by 58c, Revenues Beat
February 11, 2021 8:35 AM ESTBluerock Residential Growth REIT (NYSE: BRG) reported Q4 EPS of ($1.13), $0.58 worse than the analyst estimate of ($0.55). Revenue for the quarter came in at $56 million versus the consensus estimate of $54.86 million.
Fourth Quarter Highlights
Total revenues grew 6.6% to $56.0 million for the quarter from $52.5 million in the prior year period.Net loss attributable to common stockholders for the fourth quarter of 2020 was ($1.13) per diluted share, as compared to net loss attributable to common stockholders of ($0.62) per diluted share in the prior year period.Property Net Operating Income ("NOI") grew 9.7% to $30.9 million from $28.2 million... More