Bluerock Homes Trust, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 02:41 am IST
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Bluerock Homes Trust, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 10.18 million compared to USD 8.61 million a year ago. Revenue was USD 10.18 million compared to USD 8.68 million a year ago. Net loss was USD 1.07 million compared to net income of USD 0.287 million a year ago. Basic loss per share from continuing operations was USD 0.28. Diluted loss per share from continuing operations was USD 0.28. Basic loss per share was USD 0.28 compared to basic earnings per share of USD 0.08 a year ago. Diluted loss per share was USD 0.28 compared to diluted earnings per share of USD 0.08 a year ago.
For the nine months, sales was USD 30.59 million compared to USD 23.14 million a year ago. Revenue was USD 30.59 million compared to USD 24.42 million a year ago. Net loss was USD 2.94 million compared to net income of USD 0.01 million a year ago. Basic loss per share from continuing operations was USD 0.77. Diluted loss per share from continuing operations was USD 0.77. Basic loss per share was USD 0.77. Diluted loss per share was USD 0.77.
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.
BLUEROCK HOMES TRUST, INC. 