Bluerock Homes Trust, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 01:41 am IST
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Bluerock Homes Trust, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 10.27 million compared to USD 7.68 million a year ago. Revenue was USD 10.27 million compared to USD 8.01 million a year ago. Net loss was USD 0.335 million compared to USD 0.12 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 0.03 a year ago.
For the six months, sales was USD 20.41 million compared to USD 14.53 million a year ago. Revenue was USD 20.41 million compared to USD 15.74 million a year ago. Net loss was USD 1.88 million compared to USD 0.277 million a year ago. Basic loss per share from continuing operations was USD 0.49 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.49 compared to USD 0.07 a year ago.
Bluerock Homes Trust, Inc. is an externally managed real estate investment trust (REIT) that owns and operates single-family properties, located primarily in markets in the Sunbelt and Western United States. The Company's principal objective is to generate attractive risk-adjusted investment returns by assembling a portfolio of pre-existing single-family rental homes and developing build-to-rent communities. It owns and operates residential investments that generate rental and other property-related income through the leasing of units to a diverse base of tenants. It has approximately 18 real estate investments, consisting of eleven consolidated investments and seven preferred equity and loan investments. The 18 investments represent an aggregate of approximately 4,059 residential units, comprised of 2,475 consolidated units, of which 170 units are under development, and 1,584 units through preferred equity and loan investments. The Company's manager is Bluerock Homes Manager, LLC.