Bluerock Residential Growth REIT
Market Cap
US$357.4m
Last Updated
2021/03/02 01:07 UTC
Data Sources
Company Financials +
Executive Summary
Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) is a real estate investment trust that focuses on developing and acquiring a diversified portfolio of institutional-quality highly amenitized live/work/play apartment communities in demographically attractive knowledge economy growth markets to appeal to the renter by choice. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 28.4% per year for the next 3 years
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Second-rate dividend payer with mediocre balance sheet.
Similar Companies
Share Price & News
How has Bluerock Residential Growth REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BRG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: BRG's weekly volatility has decreased from 13% to 8% over the past year.
Market Performance
7 Day Return
-4.1%
BRG
-1.5%
US REITs
-1.3%
US Market
1 Year Return
4.6%
BRG
-4.0%
US REITs
41.9%
US Market
Return vs Industry: BRG exceeded the US REITs industry which returned -0.3% over the past year.
Return vs Market: BRG underperformed the US Market which returned 36.5% over the past year.
Shareholder returns
| BRG | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.1% | -1.5% | -1.3% |
| 30 Day | 4.0% | 3.5% | 7.5% |
| 90 Day | 2.8% | 3.6% | 15.9% |
| 1 Year | 14.1%4.6% | 0.5%-4.0% | 44.8%41.9% |
| 3 Year | 72.4%39.1% | 34.6%18.1% | 49.1%41.0% |
| 5 Year | 46.1%-1.1% | 45.5%16.1% | 113.1%92.8% |
Long-Term Price Volatility Vs. Market
How volatile is Bluerock Residential Growth REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Shareholders Of Bluerock Residential Growth REIT (NYSEMKT:BRG) Must Be Happy With Their 90% Return6 months ago | Simply Wall St
Have Insiders Been Selling Bluerock Residential Growth REIT, Inc. (NYSEMKT:BRG) Shares?1 year ago | Simply Wall St
Is Bluerock Residential Growth REIT, Inc.'s (NYSEMKT:BRG) CEO Pay Justified?Valuation
Is Bluerock Residential Growth REIT undervalued compared to its fair value and its price relative to the market?
7.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BRG ($10.88) is trading below our estimate of fair value ($11.71)
Significantly Below Fair Value: BRG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BRG is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: BRG is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BRG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BRG has negative assets, so we can't compare its PB Ratio to the US REITs industry average.
Next Steps
Future Growth
How is Bluerock Residential Growth REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-28.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BRG is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: BRG is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: BRG is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: BRG's revenue (8.5% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: BRG's revenue (8.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BRG's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Bluerock Residential Growth REIT performed over the past 5 years?
-18.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BRG is currently unprofitable.
Growing Profit Margin: BRG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BRG is unprofitable, and losses have increased over the past 5 years at a rate of 18.5% per year.
Accelerating Growth: Unable to compare BRG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BRG is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-6.1%).
Return on Equity
High ROE: BRG has a negative Return on Equity (1.67%), as it is currently unprofitable.
Next Steps
Financial Health
How is Bluerock Residential Growth REIT's financial position?
Financial Position Analysis
Short Term Liabilities: BRG's short term assets ($342.9M) exceed its short term liabilities ($46.7M).
Long Term Liabilities: BRG's short term assets ($342.9M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: BRG's debt to equity ratio (175.5%) is considered high.
Reducing Debt: BRG's debt to equity ratio has increased from 124.6% to 175.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable BRG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BRG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.7% per year.
Next Steps
Dividend
What is Bluerock Residential Growth REIT current dividend yield, its reliability and sustainability?
5.97%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BRG's dividend (5.97%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: BRG's dividend (5.97%) is in the top 25% of dividend payers in the US market (3.76%)
Stability and Growth of Payments
Stable Dividend: BRG has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BRG has only been paying a dividend for 7 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: BRG is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: BRG's dividends in 3 years are forecast to be covered by earnings (78.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.7yrs
Average management tenure
CEO
Robert Kamfar (57 yo)
12.5yrs
Tenure
US$2,810,455
Compensation
Mr. R. Ramin Kamfar serves as the Chief Executive Officer at Bluerock Enhanced Multifamily Advisor, LLC since October 31, 2013. Previously, Mr. Kamfar served as the Chief Executive Officer at Bluerock Enha...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD2.81M) is above average for companies of similar size in the US market ($USD1.49M).
Compensation vs Earnings: Robert's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 12.5yrs | US$2.81m | 0.33% $ 1.2m | |
| President & COO | 3.33yrs | US$1.02m | 0.10% $ 361.3k | |
| CFO & Treasurer | 8.08yrs | US$422.55k | 0.011% $ 40.1k | |
| Chief Investment Officer | no data | US$1.29m | 0.012% $ 42.5k | |
| Chief Legal Officer & Secretary | 16.17yrs | US$1.02m | 0.038% $ 134.8k | |
| Chief Strategy Officer | no data | US$836.02k | 0.089% $ 317.2k | |
| Senior Vice President of Operations | no data | no data | no data | |
| no data | US$137.00k | no data | ||
| Executive Vice President of Operations | 1.83yrs | US$286.85k | 0.0033% $ 11.6k | |
| 2.58yrs | no data | no data |
5.7yrs
Average Tenure
55yo
Average Age
Experienced Management: BRG's management team is seasoned and experienced (5.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 12.5yrs | US$2.81m | 0.33% $ 1.2m | |
| Independent Director | 2.58yrs | US$159.00k | no data | |
| Lead Independent Director | 3.75yrs | US$209.00k | 0.062% $ 221.2k | |
| Independent Director | 12.08yrs | US$189.00k | 0.12% $ 423.7k | |
| Independent Director | 1.67yrs | US$156.00k | no data |
3.8yrs
Average Tenure
55yo
Average Age
Experienced Board: BRG's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BRG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Bluerock Residential Growth REIT, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Bluerock Residential Growth REIT, Inc.
- Ticker: BRG
- Exchange: AMEX
- Founded: NaN
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: US$357.351m
- Market Cap: US$249.996m
- Shares outstanding: 33.33m
- Website: https://www.bluerockresidential.com
Location
- Bluerock Residential Growth REIT, Inc.
- 1345 Avenue of the Americas
- 32nd Floor
- New York
- New York
- 10105
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BRG | AMEX (NYSE MKT LLC) | Yes | Class A Common Stock | US | USD | Mar 2014 |
| BKO | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Mar 2014 |
| BRG.PRC | AMEX (NYSE MKT LLC) | PFD SER C | US | USD | Jul 2016 | |
| BRG.PRD | AMEX (NYSE MKT LLC) | PFD SER D | US | USD | Oct 2016 |
Biography
Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) is a real estate investment trust that focuses on developing and acquiring a diversified portfolio of institutional-quality highly amenitized liv...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/02 01:07 |
| End of Day Share Price | 2021/03/01 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.