NYSEAMERICAN : BHM
Bluerock Homes Trust, Inc. — Financial statements
Real Estate · REIT - Residential · United States
Last price 7.65 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 102.98M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 74.55M | 68.14M | 48.58M | 41.00M | 32.86M | 9.28M |
| Other Revenue | 8.57M | 9.82M | 11.94M | 11.63M | 8.59M | 3.19M |
| Total Revenue | 83.11M | 78.55M | 62.15M | 52.73M | 42.73M | 17.82M |
| Property Expenses | 42.63M | 38.98M | 29.11M | 25.40M | 19.17M | 3.78M |
| Selling, General & Administrative | 21.88M | 21.72M | 19.70M | 15.93M | 8.89M | 4.57M |
| Depreciation & Amortization | 31.48M | 29.42M | 19.94M | 16.18M | 16.01M | 5.89M |
| Total Operating Expenses | 95.98M | 90.01M | 68.66M | 57.68M | 43.67M | 14.21M |
| Operating Income | -12.87M | -11.46M | -6.51M | -4.95M | -934.00K | 3.61M |
| Interest Expense | -25.12M | -23.99M | -18.09M | -13.10M | -5.70M | -2.92M |
| Interest & Investment Income | 5.51M | 5.26M | 5.42M | 2.61M | ||
| Other Non-Operating Income | -1.23M | -139.00K | 330.00K | 679.00K | 422.00K | 253.00K |
| EBT Excluding Unusual Items | -33.70M | -30.33M | -18.85M | -14.77M | -6.21M | 945.00K |
| Gain (Loss) on Sale of Investments | 2.21M | 3.66M | ||||
| Gain (Loss) on Sale of Assets | 829.00K | 1.68M | 11.78M | -1.02M | ||
| Asset Writedown | -6.83M | -5.90M | -4.70M | |||
| Other Unusual Items | -479.00K | -86.00K | -321.00K | 17.00K | -25.00K | |
| Pretax Income | -37.96M | -30.97M | -12.09M | -15.77M | -6.24M | 945.00K |
| Income Tax Expense | 736.00K | 1.63M | ||||
| Earnings From Continuing Operations | -38.70M | -32.60M | -12.09M | -15.77M | -6.24M | 945.00K |
| Earnings From Discontinued Operations | 311.00K | 110.86M | ||||
| Net Income to Company | -38.70M | -32.60M | -12.09M | -15.77M | -5.92M | 111.80M |
| Minority Interest in Earnings | 40.88M | 34.85M | 12.12M | 11.39M | 4.92M | -77.48M |
| Net Income | 2.18M | 2.25M | 32.00K | -4.37M | -1.00M | 34.33M |
| Preferred Dividends & Other Adjustments | 15.82M | 14.00M | 4.27M | 628.00K | ||
| Net Income to Common | -13.64M | -11.75M | -4.23M | -5.00M | -1.00M | 34.33M |
| Basic Shares Outstanding | 3.91M | 3.89M | 3.86M | 3.85M | 3.84M | 3.84M |
| Diluted Shares Outstanding | 3.91M | 3.89M | 3.86M | 3.85M | 3.84M | 3.84M |
| EPS (Basic) | -3.49 | -3.02 | -1.10 | -1.30 | -0.26 | 8.93 |
| EPS (Diluted) | -3.49 | -3.02 | -1.10 | -1.30 | -0.26 | 8.93 |
| Dividend Per Share | 0.50 | 0.50 | ||||
| Operating Margin | -15.48% | -14.59% | -10.48% | -9.39% | -2.19% | 20.24% |
| Profit Margin | -16.41% | -14.96% | -6.81% | -9.49% | -2.34% | 192.62% |
| EBITDA | 18.52M | 17.93M | 13.45M | 11.22M | 15.03M | 13.43M |
| EBITDA Margin | 22.28% | 22.83% | 21.65% | 21.28% | 35.18% | 75.39% |
| D&A For Ebitda | 31.39M | 29.39M | 19.97M | 16.18M | 15.97M | 9.83M |
| EBIT | -12.87M | -11.46M | -6.51M | -4.95M | -934.00K | 3.61M |
| EBIT Margin | -15.48% | -14.59% | -10.48% | -9.39% | -2.19% | 20.24% |
| Funds From Operations (FFO) | -18.28M | -12.35M | -2.98M | 1.33M | 9.93M | 3.66M |
| FFO Per Share | -1.43 | -0.98 | -0.24 | 0.12 | 0.88 | 0.33 |
| Adjusted Funds From Operations (AFFO) | -12.35M | -2.98M | 1.33M | 9.93M | 3.66M | |
| AFFO Per Share | -0.98 | -0.24 | 0.11 | 0.88 | 0.33 | |
| FFO Payout Ratio | 689.87% | |||||
| Revenue as Reported | 74.55M | 68.73M | 50.21M | 41.09M | 34.14M | 14.63M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 818.38M | 852.74M | 661.81M | 446.01M | 472.13M | 318.08M |
| Cash & Equivalents | 172.11M | 169.56M | 115.21M | 80.16M | 78.43M | 129.39M |
| Accounts Receivable | 16.14M | 13.39M | 10.05M | 5.27M | 12.57M | 5.09M |
| Other Receivables | 12.01M | 8.55M | 56.42M | 31.50M | 39.31M | |
| Other Intangible Assets | 5.22M | 7.49M | 2.75M | 2.52M | ||
| Restricted Cash | 22.68M | 24.90M | 16.03M | 6.22M | 4.14M | 7.54M |
| Other Current Assets | 18.40M | 15.66M | 21.83M | 18.89M | ||
| Trading Asset Securities | 1.19M | 679.00K | 1.22M | 2.42M | 5.35M | |
| Other Long-Term Assets | 25.80M | 61.43M | 81.67M | 81.16M | 86.29M | 39.52M |
| Total Assets | 1.15B | 1.15B | 966.99M | 671.62M | 658.89M | 541.46M |
| Current Portion of Long-Term Debt | 13.61M | 33.04M | 20.00M | |||
| Current Portion of Leases | 535.00K | 1.07M | ||||
| Long-Term Debt | 408.31M | 395.36M | 337.78M | 146.67M | 153.19M | 63.01M |
| Long-Term Leases | 4.02M | 3.84M | ||||
| Accounts Payable | 1.10M | 1.13M | 803.00K | 691.00K | 1.75M | 2.09M |
| Accrued Expenses | 21.66M | 19.94M | 20.66M | 12.85M | 11.96M | 11.28M |
| Other Current Liabilities | 5.67M | 8.20M | 2.85M | 12.54M | 3.12M | |
| Total Liabilities | 454.91M | 462.56M | 398.10M | 192.75M | 166.91M | 79.49M |
| Preferred Stock, Redeemable | 155.74M | 142.12M | 102.15M | 8.27M | ||
| Common Stock | 41.00K | 40.00K | 40.00K | 39.00K | 38.00K | 116.51M |
| Additional Paid-In Capital | 121.59M | 121.49M | 118.50M | 122.37M | 126.62M | |
| Retained Earnings | -737.00K | 7.20M | 20.71M | 24.94M | 33.33M | 34.33M |
| Comprehensive Income & Other | 50.00K | 11.00K | -164.00K | |||
| Total Common Equity | 120.95M | 128.74M | 139.08M | 147.35M | 159.99M | 150.84M |
| Minority Interest | 415.90M | 420.98M | 327.66M | 323.25M | 332.00M | 311.14M |
| Shareholders' Equity | 692.58M | 691.84M | 568.89M | 478.87M | 491.99M | 461.97M |
| Total Liabilities & Equity | 1.15B | 1.15B | 966.99M | 671.62M | 658.89M | 541.46M |
| Total Debt | 426.47M | 433.30M | 373.78M | 166.67M | 153.19M | 63.01M |
| Net Cash (Debt) | -253.18M | -263.06M | -257.35M | -84.09M | -69.42M | 66.38M |
| Net Cash Per Share | -64.77 | -67.64 | -66.74 | -21.87 | -18.06 | 17.27 |
| Filing Date Shares Outstanding | 4.11M | 4.06M | 3.96M | 3.88M | 3.84M | 3.84M |
| Total Common Shares Outstanding | 4.11M | 4.06M | 3.96M | 3.88M | 3.84M | 3.84M |
| Book Value Per Share | 29.44 | 31.74 | 35.10 | 37.98 | 41.72 | 39.24 |
| Tangible Book Value | 115.73M | 121.25M | 136.33M | 147.35M | 159.99M | 148.31M |
| Tangible Book Value Per Share | 28.17 | 29.90 | 34.41 | 37.98 | 41.72 | 38.59 |
| Land | 116.03M | 123.26M | 103.71M | 70.64M | 69.37M | 42.00M |
| Buildings | 731.78M | 755.81M | 580.11M | 394.55M | 412.46M | 278.59M |
| Construction In Progress | 15.29M | 10.05M | 986.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.18M | 2.25M | 32.00K | -4.37M | -1.00M | 34.33M |
| Depreciation & Amortization | 31.39M | 29.39M | 19.97M | 16.18M | 15.97M | 9.83M |
| Other Amortization | 2.50M | 2.30M | 1.60M | 3.10M | 2.80M | |
| Gain (Loss) on Sale of Assets | -829.00K | -1.68M | -11.78M | 1.02M | ||
| Gain (Loss) on Sale of Investments | -1.14M | -1.56M | 3.88M | 2.93M | -3.08M | |
| Asset Writedown | 6.83M | 5.90M | 4.70M | |||
| Stock-Based Compensation | 4.88M | 4.87M | 9.96M | 11.86M | 872.00K | |
| Income (Loss) on Equity Investments | -1.66M | -1.06M | ||||
| Change in Accounts Receivable | -6.34M | -4.42M | 914.00K | -344.00K | 3.07M | -1.26M |
| Change in Accounts Payable | -185.00K | 3.39M | 1.95M | -28.00K | -4.89M | 719.00K |
| Change in Other Net Operating Assets | -735.00K | 4.01M | -638.00K | 1.30M | 2.13M | -1.72M |
| Other Operating Activities | -29.80M | -15.52M | -21.43M | -17.93M | -11.71M | 84.64M |
| Net Cash from Discontinued Operations | -258.00K | -116.69M | ||||
| Operating Cash Flow | 7.07M | 27.76M | 9.06M | 13.88M | 3.50M | 9.81M |
| Acquisition of Real Estate Assets | -196.05M | -243.82M | -257.52M | -20.37M | -166.46M | -257.10M |
| Sale of Real Estate Assets | 44.54M | 21.46M | 50.01M | 9.05M | 401.78M | |
| Net Sale / Acq. of Real Estate Assets | -151.51M | -222.36M | -207.50M | -11.32M | -166.46M | 144.68M |
| Investment in Marketable & Equity Securities | 30.35M | 47.78M | -859.00K | 3.28M | -46.72M | 1.47M |
| Other Investing Activities | -25.69M | 5.14M | -16.55M | -17.68M | 36.00M | 11.90M |
| Investing Cash Flow | -146.85M | -169.45M | -224.92M | -25.72M | -177.18M | 158.05M |
| Long-Term Debt Issued | 168.89M | 229.48M | 21.00M | 96.94M | 32.57M | |
| Long-Term Debt Repaid | -109.70M | -42.34M | -7.53M | -5.82M | -282.02M | |
| Net Debt Issued (Repaid) | 86.14M | 59.19M | 187.14M | 13.47M | 91.12M | -249.45M |
| Issuance of Common Stock | 98.20M | 160.36M | ||||
| Preferred Stock Issued | 22.08M | 36.54M | 92.86M | 8.70M | ||
| Common Dividends Paid | -2.03M | -1.51M | -3.88M | -68.47M | ||
| Preferred Dividends Paid | -10.12M | -8.97M | -3.46M | -78.00K | ||
| Total Dividends Paid | -12.15M | -10.48M | -7.34M | -78.00K | -68.47M | |
| Other Financing Activities | 93.50M | 119.66M | -11.94M | -6.43M | -1.54M | 4.62M |
| Net Cash Flow | 49.69M | 63.22M | 44.86M | 3.82M | -54.37M | 83.40M |
| Levered Free Cash Flow | -13.24M | 47.72M | -34.28M | -22.49M | 29.32M | -222.22M |
| Unlevered Free Cash Flow | -38.12K | 60.41M | -24.57M | -17.40M | 30.08M | -220.39M |
| Cash Interest Paid | 20.97M | 19.10M | 11.58M | 7.20M | 5.93M | 4.60M |
| Cash Income Tax Paid | 1.67M | 1.14M | ||||
| Change in Working Capital | -7.26M | 2.98M | 2.22M | 925.00K | 309.00K | -2.26M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 105.27M | 43.28M | 52.58M | 54.28M | 81.91M | |
| Enterprise Value | 358.45M | 803.69M | 535.85M | 461.88M | 68.31M | |
| Last Close Price | 7.65 | 10.26 | 12.21 | 12.87 | 18.30 | |
| Price/FFO Ratio | -6.20 | -10.47 | -50.86 | 107.24 | 20.79 | |
| Price/AFFO Ratio | -10.51 | -50.13 | 111.97 | 20.72 | ||
| PS Ratio | 1.24 | 0.55 | 0.85 | 1.03 | 1.92 | |
| PB Ratio | 0.26 | 0.06 | 0.09 | 0.11 | 0.17 | |
| P/OCF Ratio | 14.56 | 1.56 | 5.80 | 3.91 | 23.41 | |
| EV/Sales Ratio | 4.29 | 10.23 | 8.62 | 8.76 | 1.60 | |
| EV/EBITDA Ratio | 19.23 | 44.82 | 39.83 | 41.16 | 4.54 | |
| Debt / Equity Ratio | 0.62 | 0.63 | 0.66 | 0.35 | 0.31 | 0.14 |
| Debt / EBITDA Ratio | 23.03 | 24.16 | 27.78 | 14.85 | 10.19 | 4.69 |
| Net Debt / Equity Ratio | 0.37 | 0.38 | 0.45 | 0.18 | 0.14 | -0.14 |
| Net Debt / EBITDA Ratio | 13.67 | 14.67 | 19.13 | 7.49 | 4.62 | -4.94 |
| Asset Turnover | 0.08 | 0.07 | 0.08 | 0.08 | 0.07 | 0.03 |
| Quick Ratio | 4.73 | 3.03 | 3.03 | 2.59 | 7.03 | 10.54 |
| Current Ratio | 5.70 | 3.67 | 3.66 | 3.13 | 7.33 | 11.00 |
| Return on Equity (ROE) | -5.90% | -5.17% | -2.31% | -3.25% | -1.31% | 0.29% |
| Return on Assets (ROA) | -0.75% | -0.68% | -0.50% | -0.46% | -0.10% | 0.44% |
| Earnings Yield | -44.63% | 5.20% | 0.06% | -8.06% | -1.22% | |
| Dividend Yield | 6.39% | 4.69% | ||||
| Payout Ratio | 465.87% | 22,925.00% | ||||
| Buyback Yield / Dilution | -0.98% | -0.86% | -0.28% | -0.05% | ||
| Total Shareholder Return | 5.56% | 3.83% | -0.28% | -0.05% |