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Bluerock Residential Growth REIT BRG
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Quarterly report 2022-Q2
added 05-16-2026

Bluerock Residential Growth REIT Income Statement 2021-2008 | BRG

Brief overview of financial performance at Bluerock Residential Growth REIT

This overview is based on financial performance over the past five years. Revenue at Bluerock Residential Growth REIT moved from $81.3 million in 2016 to $221 million in 2021. The cumulative result was +171.3%, corresponding to roughly 22.1% per year. The annual growth rate indicates an exceptionally strong top-line trend.

Over the period, EBITDA shifted from $31.4 million to $113 million, a change of +260.7%. Operating profitability strengthened faster than the scale of sales. EBITDA margin was 38.6% at the start and 51.3% at the end. The increased EBITDA share is a positive sign.

Comparing the endpoints shows a move from −19 million dollars to 3.5 million dollars. The company restored profitability by the end of the period.

Market value was $179 million at the start and $687 million at the end. Valuation expanded much faster than the underlying results.

Conclusion

The indicators form a favorable picture of business development. The constructive conclusion rests on a stronger final result, higher operating efficiency and a larger revenue base. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.

Annual Income Statement Bluerock Residential Growth REIT

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

687 M 242 M 202 M 205 M 146 M 179 M 109 M 39.1 M - - - - - -

Shares

26 M 24.1 M 22.6 M 23.8 M 25.6 M 20.8 M 17.4 M 5.38 M 1.03 M 1.68 M 809 K 334 K - -

Historical Prices

26.4 10 8.93 8.58 5.72 8.61 6.26 7.27 - - - - - -

Net Income

3.47 M -44.7 M -19.8 M -42.8 M -45.7 M -19 M 635 K -5.17 M -2.97 M 3.92 M -4.32 M -2.31 M -439 K -

Revenue

221 M 220 M 210 M 185 M 124 M 81.3 M 2.76 M 7.21 M 8.88 M 3.41 M - - - -

Gross Profit

- 144 M 136 M 117 M 75.2 M 47.2 M 26.4 M 17.2 M 5.46 M 2.29 M - - - -

Operating Income

30 M 30.8 M 36.7 M 29.7 M -44.6 M -1.03 M -1.62 M -3.56 M -1.12 M -4.07 M -3.97 M -2.05 M -424 K -

Interest Expense

- - 31.8 M 12.9 M 3.1 M 1.41 M 756 1.65 M - 1.21 M 347 K - - -

EBITDA

113 M 114 M 111 M 96.7 M 6.5 M 31.4 M 15.1 M 9.67 M 4.69 M -1.24 M -3.97 M -2.05 M -424 K -

Operating Expenses

191 M 189 M 173 M 155 M 168 M 82.4 M 47.9 M 33.9 M 13.2 M 6.66 M 3.9 M 901 K - -

General and Administrative Expenses

27.8 M 24.1 M 22.6 M 19.6 M 7.54 M 5.86 M 4.11 M 2.69 M 1.79 M 1.72 M 3.56 M 315 K 45.4 K -

All numbers in USD currency

Quarterly Income Statement Bluerock Residential Growth REIT

2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

- - 30 M 28.4 M - 26.6 M 28.1 M 23.1 M - 24.6 M 24.3 M 24.1 M - 22.3 M 22.4 M 23.1 M - 23.7 M 23.8 M 24.1 M - 26.5 M 26.1 M 25 M - 20.9 M 20.7 M 20.5 M - 20.2 M 16.4 M 12.5 M - 5.88 M 5.82 M 1.06 M 2.41 M 2.39 M 2.34 M 2.26 M 2.22 M 1.86 M 1.55 M 1.38 M 1.11 M 899 K 810 K 1.11 M

Net Income

- - -17.3 M -15.4 M - 12.5 M -5.43 M 23.6 M -26.2 M -17.1 M 15.1 M -16.5 M -13.8 M 17.2 M -11 M -12.1 M -12.8 M -10.3 M -10.2 M -9.42 M -46.2 M -12 M 17.6 M -4.99 M -7.26 M -2.55 M -5.04 M -4.14 M -1.52 M -574 K -582 K 3.31 M - -2.15 M -4.54 M -1.05 M - 532 K -1.2 M -1.23 M - -720 K 4.91 M -450 K - -662 K -702 K -4.32 M

Revenue

- - 59.6 M 63.2 M - 53.8 M 53.8 M 55.8 M 56 M 54.6 M 53 M 56.2 M 52.5 M 53.5 M 52.4 M 51.5 M 50 M 47.9 M 45 M 41.9 M 36.5 M 30.1 M 28.6 M 28.2 M 23.7 M 20.6 M 18.4 M 16.6 M 13.2 M 561 K 643 K 683 K - 9.56 M 7.76 M 3.23 M - 3.06 M 2.98 M 3.02 M - 997 K 68.1 K - - - - -83.2 K

Operating Income

- - 6.9 M 11.5 M - 6.79 M 7.16 M 7.21 M 9.83 M 6.43 M 7.48 M 7.09 M 8.54 M 8.74 M 10.7 M 8.73 M 8.73 M 8.63 M 7.64 M 4.7 M -40.6 M 126 K -2.2 M -1.99 M -913 K 1.19 M -147 K -1.16 M -1.88 M -12 K 701 K -420 K - -810 K -3.52 M -129 K - -105 K -194 K -482 K - -813 K -526 K -384 K - -574 K -615 K -2.33 M

Interest Expense

- - - - - - - - - - 6.87 M 7.79 M - 8.44 M 8.24 M 7.23 M - 2.44 M 1.81 M 1.55 K - 2.92 K 554 1.82 M - 344 K 331 K 323 K - 167 K 197 K 181 K - 189 K 345 K 186 K - - - - - - - - - - 87 K -

EBITDA

- - 52.3 M 34.3 M - 68.7 M 49.2 M 28.4 M 9.83 M 69.3 M 50.3 M 29 M 8.54 M 62.5 M 46 M 26.9 M 8.73 M 57.9 M 40.4 M 20.9 M -40.6 M 35.2 M 20.7 M 9.51 M -913 K 24.7 M 15.6 M 6.53 M -1.88 M 10.8 M 7.4 M 2.4 M - 9.24 M 1.61 M 1.16 M - 4.48 M 3.16 M 1.4 M - 322 K -116 K -384 K - -574 K -224 K -2.33 M

Operating Expenses

- - 52.7 M 51.7 M - 47 M 46.7 M 48.6 M - 48.2 M 45.6 M 49.2 M - 44.8 M 41.7 M 42.7 M - 39.2 M 37.3 M 37.2 M - 29.9 M 29.2 M 28.7 M - 18.4 M 18.5 M 17.8 M - 11.6 M 9.77 M 9.46 M - 10.4 M 11.3 M 3.38 M - 3.05 M 3.72 M 4.05 M - 2.39 M 543 K 421 K - 585 K 599 K -

General and Administrative Expenses

- - 7.28 M 7.92 M - 6.86 M 6.6 M 6.64 M - 5.9 M 5.3 M 6.37 M - 6.26 M 5.05 M 5.63 M - 4.73 M 4.53 M 4.67 M - 1.1 M 1.7 M 1.45 M - 1.18 M 1.7 M 1.27 M - 1.25 M 738 K 928 K - 778 K 399 K 530 K - 541 K 488 K 515 K - 440 K 384 K 338 K - 502 K 516 K 2.16 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Bluerock Residential Growth REIT (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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