BHM on NYSE
Bluerock Homes Trust, Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Residential Communities brought in 55% of the revenue Bluerock Homes Trust, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Residential Communities | $16.4M | $37.6M |
| Scattered Single-Family Homes | $32.1M | $30.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs98¢$67.1M
- Income tax2¢$1.6M
Out of $68.7M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid5¢$1.5M
- Kept or used elsewhere95¢$26.3M
Out of $27.8M of cash from operations.2
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Rental and other property revenues | $68.1M | $48.6M |
| Interest income from loan investments | $598.0K | $1.6M |
| Total revenues | $68.7M | $50.2M |
| Property operating | $33.2M | $24.1M |
| Property management and asset management fees | $5.4M | $4.7M |
| General and administrative | $11.2M | $10.6M |
| Management fees to related party | $10.5M | $9.1M |
| Acquisition and other transaction costs | $418.0K | $255.0K |
| Weather-related losses, net | $59.0K | $170.0K |
| Depreciation and amortization | $29.4M | $19.9M |
| Total expenses | $90.2M | $68.9M |
| Other (expense) income, net | -$139.0K | $330.0K |
| Income from preferred equity investments | $8.8M | $11.9M |
| Share of net earnings of equity method investment | $1.1M | |
| Recovery of credit losses, net | $103.0K | $93.0K |
| (Impairment) and gain on sale of real estate investments, net | -$4.2M | $7.1M |
| Gain on sale of available-for-sale investments, net | $3.7M | |
| Loss on extinguishment of debt costs | -$27.0K | -$151.0K |
| Interest expense, net | -$24.0M | -$18.1M |
| Interest income | $5.3M | $5.4M |
| Total other (expense) income | -$9.5M | $6.6M |
| Loss before income taxes | -$31.0M | -$12.1M |
| Income tax expense | -$1.6M | $0 |
| Net loss | -$32.6M | -$12.1M |
| Preferred stock dividends | -$9.2M | -$4.0M |
| Preferred stock accretion | -$4.5M | -$244.0K |
| Operating partnership units | $25.8M | $9.2M |
| Partially-owned properties | $9.1M | $2.9M |
| Net loss attributable to noncontrolling interests | $34.8M | $12.1M |
| Net loss attributable to common stockholders | -$11.5M | -$4.2M |
| Net loss per common share - Basic | -$3.02 | -$1.10 |
| Net loss per common share - Diluted | -$3.02 | -$1.10 |
| Weighted average basic common shares outstanding | 3.9M shares | 3.9M shares |
| Weighted average diluted common shares outstanding | 3.9M shares | 3.9M shares |
| Unrealized gain (loss) on available for sale investments | $568.0K | -$527.0K |
| Less unrealized (gain) loss attributable to Operating partnership units | -$393.0K | $363.0K |
| Other comprehensive income (loss) attributable to common stockholders | $175.0K | -$164.0K |
| Comprehensive loss attributable to noncontrolling interests | $34.5M | $12.5M |
| Comprehensive loss attributable to common stockholders | -$11.3M | -$4.4M |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 |
|---|---|---|---|
| Land | $123.3M | $103.7M | |
| Buildings and improvements | $755.8M | $580.1M | |
| Furniture, fixtures and equipment | $28.9M | $19.4M | |
| Construction in process | $10.1M | $986.0K | |
| Total gross operating real estate investments | $918.1M | $704.2M | |
| Accumulated depreciation | -$65.3M | -$42.4M | |
| Total net operating real estate investments | $852.7M | $661.8M | |
| Operating real estate held for sale, net | $15.6M | $21.8M | |
| Total Net Real Estate Investments | $868.4M | $683.6M | |
| Cash and cash equivalents | $169.6M | $2.1M | $115.2M |
| Restricted cash | $24.9M | $16.0M | |
| Notes and accrued interest receivable, net | $32.1M | ||
| Investment in unconsolidated real estate funds | $25.7M | ||
| Accounts receivable, prepaids and other assets, net | $22.0M | $34.6M | |
| Preferred equity investments, net | $35.7M | $81.7M | |
| Other intangible assets, net | $7.5M | $2.7M | |
| Due from affiliates | $653.0K | $1.0M | |
| Non-real estate assets associated with operating real estate held for sale | $14.0K | $16.0K | |
| TOTAL ASSETS | $1.2B | $222.1M | $967.0M |
| Mortgages payable | $428.4M | $252.8M | |
| Revolving credit facilities | $121.0M | ||
| Accounts payable | $1.1M | $803.0K | |
| Other accrued liabilities | $20.6M | $16.9M | |
| Due to affiliates | $9.8M | $6.0M | |
| Distributions payable | $2.5M | $617.0K | |
| Liabilities associated with operating real estate held for sale | $114.0K | $6.0K | |
| Total Liabilities | $462.6M | $2.8M | $398.1M |
| Additional paid-in-capital | $121.5M | $118.5M | |
| Cumulative earnings in excess of distributions | $7.2M | $20.7M | |
| Accumulated other comprehensive income (loss) | $11.0K | -$164.0K | |
| Total Stockholders' Equity | $128.7M | $139.1M | |
| Operating partnership units | $292.8M | $310.3M | |
| Partially owned properties | $128.2M | $17.4M | |
| Total Noncontrolling Interests | $421.0M | $327.7M | |
| Total Equity | $549.7M | $466.7M | |
| TOTAL LIABILITIES AND EQUITY | $1.2B | $222.1M | $967.0M |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized | 206.0M shares | 206.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares |
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$32.6M | -$12.1M |
| Depreciation and amortization | $31.7M | $21.6M |
| Amortization of fair value adjustments | $325.0K | $127.0K |
| Income from preferred equity investments | -$8.8M | -$11.9M |
| Share of net earnings of equity method investment | -$1.1M | |
| Impairment and (gain on sale) of real estate investments, net | $4.2M | -$7.1M |
| Gain on sale of available-for-sale investments, net | -$3.7M | |
| Fair value adjustment of interest rate caps and swaps | $2.1M | $3.9M |
| Recovery of credit losses, net | -$103.0K | -$93.0K |
| Loss on extinguishment of debt costs | $27.0K | $151.0K |
| Noncash operating lease expense | $604.0K | |
| Distributions of income from preferred equity investments | $26.6M | $2.3M |
| Distributions from investments in unconsolidated real estate funds | $553.0K | |
| Share-based compensation attributable to equity incentive plan | $4.0M | $3.3M |
| Share-based compensation to Manager - C-LTIP Units | $875.0K | $6.6M |
| Due to (from) affiliates, net | $4.0M | -$638.0K |
| Accounts receivable, prepaids and other assets | -$4.9M | $1.3M |
| Notes and accrued interest receivable | $470.0K | -$341.0K |
| Accounts payable and other accrued liabilities | $3.4M | $1.9M |
| Net cash provided by operating activities | $27.8M | $9.1M |
| Acquisitions of real estate investments | -$226.5M | -$248.2M |
| Capital expenditures | -$17.4M | -$9.3M |
| Purchase of interest rate cap | -$1.6M | -$2.7M |
| Investment in notes receivable | -$22.3M | |
| Repayments on notes receivable | $31.7M | $8.3M |
| Investments in unconsolidated real estate funds | -$25.0M | |
| Proceeds from sale of real estate investments | $21.5M | $50.0M |
| Proceeds from redemption of preferred equity investments | $64.6M | $16.2M |
| Insurance proceeds related to real estate investments | $149.0K | |
| Investments in preferred equity investments | -$16.8M | -$17.1M |
| Net cash used in investing activities | -$169.4M | -$224.9M |
| Distributions to common stockholders | -$1.5M | -$3.9M |
| Distributions to noncontrolling interests | -$3.4M | -$8.5M |
| Distributions to partially owned properties' noncontrolling interests | -$2.3M | -$145.0K |
| Distributions to preferred stockholders | -$9.0M | -$3.5M |
| Contributions from noncontrolling interests | $133.6M | $5.9M |
| Purchase of interests from noncontrolling interests | -$1.1M | -$2.9M |
| Borrowings on mortgages payable | $126.9M | $158.5M |
| Repayments on mortgages payable including prepayment penalties | -$6.7M | -$22.3M |
| Proceeds from revolving credit facilities | $42.0M | $71.0M |
| Repayments on revolving credit facilities | -$103.0M | -$20.0M |
| Payments of deferred financing fees | -$6.3M | -$6.3M |
| Net proceeds from issuance of 6.0% Series A Redeemable Preferred Stock | $36.5M | $92.9M |
| Payments to redeem 6.0% Series A Redeemable Preferred Stock | -$868.0K | |
| Payments to redeem Operating Partnership Units | -$4.0K | |
| Net cash provided by financing activities | $204.9M | $260.7M |
| Net increase in cash, cash equivalents and restricted cash | $63.2M | $44.9M |
| Cash paid for interest (net of interest capitalized) | $19.1M | $11.6M |
| Cash paid for income taxes | $1.1M | |
| Repayment of revolving credit facility with borrowings on mortgage payable | $60.0M | |
| Capital expenditures held in accounts payable and other accrued liabilities | $1.6M | $790.0K |
| Distributions payable to common stockholders - declared and unpaid | $507.0K | |
| Distributions payable to noncontrolling interests - declared and unpaid | $1.1M | |
| Distributions payable to preferred stockholders - declared and unpaid | $849.0K | $617.0K |
| Mortgage assumed upon property acquisition | $24.3M | |
| Conversion of note receivable to preferred equity investment | $7.8M | |
| Right-of-use asset recognized | $5.1M | |
| Lease liability recognized | $5.0M | |
| Series A Redeemable Preferred Stock, dividend rate (as a percent) | 0 pure |
Recent filings
- Oct 6, 20268-K
- Sep 2, 20268-K
- Aug 14, 20268-K
- Aug 14, 20264 OWNERSHIP DOCUMENT
- Aug 14, 20264 OWNERSHIP DOCUMENT
- Aug 13, 202610-Q
- Aug 13, 2026424B3
- Aug 12, 20268-K
- Aug 11, 20268-K
- Aug 10, 20268-K
- Jun 11, 20268-K
- Jun 8, 20268-K
- Jun 8, 20264 OWNERSHIP DOCUMENT
- Jun 2, 20268-K
- May 15, 2026SCHEDULE 13G/A
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
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