Bluerock Residential Growth REIT
Market Cap
US$251.5m
Last Updated
2020/10/20 00:39 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 67.8% per year for the next 3 years
+ 2 more risks
Snowflake Analysis
Second-rate dividend payer with questionable track record.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-5.4%
BRG
-3.5%
US REITs
-2.4%
US Market
1 Year Return
-32.4%
BRG
-16.4%
US REITs
18.2%
US Market
Return vs Industry: BRG underperformed the US REITs industry which returned -15.1% over the past year.
Return vs Market: BRG underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| BRG | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.4% | -3.5% | -2.4% |
| 30 Day | 9.0% | -0.5% | 4.2% |
| 90 Day | 6.7% | 0.3% | 6.3% |
| 1 Year | -26.4%-32.4% | -13.0%-16.4% | 20.9%18.2% |
| 3 Year | -11.4%-28.8% | 12.8%-0.4% | 41.2%31.8% |
| 5 Year | 7.0%-29.1% | 37.3%9.7% | 84.8%63.9% |
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
2 months ago | Simply Wall St
Have Insiders Been Selling Bluerock Residential Growth REIT, Inc. (NYSEMKT:BRG) Shares?11 months ago | Simply Wall St
Is Bluerock Residential Growth REIT, Inc.'s (NYSEMKT:BRG) CEO Pay Justified?11 months ago | Simply Wall St
Do Institutions Own Shares In Bluerock Residential Growth REIT, Inc. (NYSEMKT:BRG)?Valuation
Is Bluerock Residential Growth REIT undervalued compared to its fair value and its price relative to the market?
10.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BRG ($8.25) is trading below our estimate of fair value ($9.16)
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 poor value based on its PE Ratio (242.4x) compared to the US REITs industry average (34x).
PE vs Market: BRG is poor value based on its PE Ratio (242.4x) compared to the US market (19x).
Price to Earnings Growth Ratio
PEG Ratio: BRG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BRG is overvalued based on its PB Ratio (3.4x) compared to the US REITs industry average (1.4x).
Next Steps
Future Growth
How is Bluerock Residential Growth REIT forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-67.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BRG's earnings are forecast to decline over the next 3 years (-67.8% per year).
Earnings vs Market: BRG's earnings are forecast to decline over the next 3 years (-67.8% per year).
High Growth Earnings: BRG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BRG's revenue (0.5% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: BRG's revenue (0.5% 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?
-28.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BRG has a large one-off gain of $85.5M impacting its June 30 2020 financial results.
Growing Profit Margin: BRG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: BRG has become profitable over the past 5 years, growing earnings by -28.3% per year.
Accelerating Growth: BRG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BRG has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (3.3%).
Return on Equity
High ROE: BRG's Return on Equity (7.6%) is considered low.
Next Steps
Financial Health
How is Bluerock Residential Growth REIT's financial position?
Financial Position Analysis
Short Term Liabilities: BRG's short term assets ($440.5M) exceed its short term liabilities ($110.0M).
Long Term Liabilities: BRG's short term assets ($440.5M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: BRG's debt to equity ratio (166.2%) is considered high.
Reducing Debt: BRG's debt to equity ratio has increased from 102.6% to 166.2% over the past 5 years.
Debt Coverage: BRG's debt is not well covered by operating cash flow (5.2%).
Interest Coverage: BRG's interest payments on its debt are not well covered by EBIT (0.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Bluerock Residential Growth REIT current dividend yield, its reliability and sustainability?
7.88%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BRG's dividend (7.88%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: BRG's dividend (7.88%) is in the top 25% of dividend payers in the US market (4.66%)
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 6 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 (83% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
R. Kamfar (57 yo)
12.17yrs
Tenure
US$2,619,892
Compensation
Mr. R. Ramin Kamfar serves as the Chief Executive Officer at Bluerock Enhanced Multifamily Advisor, LLC since October 31, 2013. Previously, Mr. Kamfar served as the Chief Executive Officer at Bluerock Enha ...
CEO Compensation Analysis
Compensation vs Market: R.'s total compensation ($USD2.62M) is above average for companies of similar size in the US market ($USD1.27M).
Compensation vs Earnings: R.'s compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 12.17yrs | US$2.62m | 0.28% $ 708.6k | |
| President & COO | 3yrs | US$1.30m | 0.094% $ 236.6k | |
| CFO & Treasurer | 7.75yrs | US$593.15k | 0.010% $ 26.2k | |
| Chief Investment Officer | no data | US$1.36m | 0.083% $ 207.7k | |
| Chief Legal Officer & Secretary | 15.83yrs | US$1.30m | 0.035% $ 88.3k | |
| Chief Acquisitions Officer | no data | US$1.30m | 0.029% $ 72.8k | |
| Senior Vice President of Operations | no data | no data | no data | |
| no data | US$137.00k | 0% $ 0 | ||
| Executive Vice President of Operations | 1.5yrs | US$286.85k | 0.0030% $ 7.6k | |
| 2.25yrs | no data | no data |
5.4yrs
Average Tenure
55yo
Average Age
Experienced Management: BRG's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 12.17yrs | US$2.62m | 0.28% $ 708.6k | |
| Independent Director | 2.25yrs | US$115.00k | no data | |
| Lead Independent Director | 3.42yrs | US$160.00k | 0.058% $ 144.9k | |
| Independent Director | 11.75yrs | US$138.00k | 0.11% $ 277.4k | |
| Independent Director | 1.33yrs | US$64.00k | no data |
3.4yrs
Average Tenure
55yo
Average Age
Experienced Board: BRG's board of directors are considered experienced (3.4 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 been diluted in the past year, with total shares outstanding growing by 7.8%.
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:
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: US$251.494m
- Market Cap: US$203.739m
- Shares outstanding: 31.01m
- 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.PRA | AMEX (NYSE MKT LLC) | RED PFD SER A | US | USD | Oct 2015 | |
| 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 | 2020/10/20 00:39 |
| End of Day Share Price | 2020/10/19 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.