Bluerock residential growth reit, inc. (BRG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities
Net loss

-5,121

-2,759

38,175

-1,932

-4,365

-5,773

-3,111

-3,436

-2,955

-47,143

-4,581

34,768

9,928

40

1,571

-1,960

-2,625

-398

-602

-704

9,347

2,642

-2,645

-5,367

-1,188

-1,528

359

-1,492

-1,751

4,075

-1,154

4,894

-450

-

-

-

-

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization

21,897

20,249

18,524

17,141

18,141

17,754

16,495

16,525

16,230

16,111

12,115

11,416

11,504

8,954

7,783

8,006

7,692

5,923

4,130

3,877

2,817

3,183

4,917

3,840

1,291

1,229

1,228

1,475

1,879

1,701

1,086

48

0

-

-

-

-

Amortization of fair value adjustments

-100

-50

-69

-108

-108

-108

-108

-110

-108

-92

-85

-84

-58

-44

-78

-149

-91

-91

-74

-65

-65

-57

-67

-38

-120

-119

-119

-119

-365

-119

-119

-5

0

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,413

Preferred returns on unconsolidated real estate joint ventures

2,415

2,700

2,316

2,492

2,289

2,435

2,789

2,627

2,461

2,471

2,688

2,605

2,572

3,015

3,074

2,775

2,768

2,199

2,366

1,295

730

574

411

87

-6

-5

-150

19

33

0

27

-51

36

15

10

-16

-83

Equity in gain on sale of real estate assets of unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

11

-15

11,307

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of joint venture interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

Gain on sale of real estate investments

253

0

48,001

679

0

0

0

0

0

123

0

33,574

16,466

0

4,947

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of non-depreciable real estate investments

0

-

-

-

679

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustment of interest rate caps

-29

35

136

677

1,688

2,846

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate assets of unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,006

-

-

-

-

-

-

-

-

-

-

-

-

Distributions of income and preferred returns from preferred equity investments and unconsolidated real estate joint ventures

4,547

2,814

2,100

2,082

2,019

2,359

2,547

2,334

2,224

2,173

2,190

2,256

2,633

3,128

2,839

2,729

2,709

2,069

5,242

623

1,093

337

343

8

32

25

54

83

124

130

29

170

277

202

183

217

301

Share-based compensation attributable to equity incentive plan

2,201

1,342

1,376

1,312

1,545

1,375

1,261

1,282

1,430

0

1

4

104

3

5

8

194

24

25

27

50

12

11

11

14

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation to employees - restricted stock grants

142

130

147

148

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based expense and capitalized cost reimbursements to BRE - LTIP Units

505

-

-

-

392

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation to Former Advisor - LTIP Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,117

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation to former Manager - LTIP Units

-

-

-

-

-

0

0

0

993

3,781

6,290

3,520

2,344

2,693

1,961

2,229

1,708

1,535

3,125

518

560

292

672

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Share-based expense reimbursements to BRE - LTIP Units

-

-

-

-

-

360

357

349

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation attributable to directors' stock compensation plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

18

36

15

15

15

15

30

11

11

Changes in operating assets and liabilities:
Due to (from) affiliates, net

481

-1,282

1,006

0

-7

122

-285

54

-1,891

-1,735

-3,500

3,242

428

243

497

313

-103

3

-246

-140

1,120

118

-258

-556

405

213

-562

280

-164

1,746

-1,665

142

144

116

113

161

1,753

Accounts receivable, prepaids and other assets

5,809

1,608

-3,095

5,880

91

-5,663

3,616

101

3,975

-7,541

9,616

-1,706

-663

-1,703

2,514

865

191

2,318

1,690

1,085

554

-889

358

-1,110

1,614

953

245

-133

-58

-262

41

-15

-13

-

-

-

-

Decrease in other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6

Accounts payable and other accrued liabilities

3,070

-6,002

3,181

4,832

-5,380

-3,385

7,112

7,442

-3,385

2,216

5,893

7,108

1,215

240

3,043

2,396

1,821

-1,030

2,103

1,133

996

-1,995

1,482

821

1,000

-1,430

1,859

1,264

322

847

148

129

-238

-21

98

-242

239

Net cash provided by operating activities

19,116

12,151

24,127

16,187

10,866

18,778

17,863

21,712

6,102

20,986

6,019

17,519

9,723

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

89

-

-1,643

-80

-275

-227

-295

-510

-18

Cash flows from investing activities:
Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,932

8,346

-

9,019

3,521

3,327

780

5,803

-258

-1,180

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions of real estate investments

109,067

210,102

194,553

111,562

0

147,405

41,555

82,921

61,659

234,206

97,245

45,250

116,610

294,409

74,488

3,987

99,907

124,463

49,988

324

66,640

42,479

200

16,650

0

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

6,201

5,587

4,727

4,944

6,188

6,372

5,360

5,348

4,160

13,446

11,062

12,225

10,238

2,421

1,787

1,317

888

1,200

1,291

733

446

532

4,955

-1,000

3,480

-

-

-

-

-

-

-

-

-

-

-

-

Investment in notes receivable from related parties

1,565

35,617

4,459

1,732

9,906

771

267

0

20,994

33,701

0

0

20,395

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on notes receivable from related parties

29,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of unconsolidated real estate joint venture interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15,590

10,830

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of real estate investments

253

0

312,833

0

952

0

0

0

0

0

0

43,306

28,639

0

36,675

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to consolidated real estate investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

828

2,950

1,235

53

0

0

-

-

-

-

Proceeds from sale and redemption of unconsolidated real estate joint ventures

35,542

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1

4,986

2,438

2,000

0

0

-

-

-

-

-

-

-

-

Purchase of interests from noncontrolling interests

116

0

0

2,001

7,890

0

3,089

9,089

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated real estate joint venture interests

12,882

40,511

22,127

6,975

4,694

11,568

404

5,752

164

2,541

730

2,000

15,718

9,729

8,793

1,480

6,862

19,901

0

36,513

8,679

1,623

5,551

2,961

0

-

-

-

-

0

0

0

5

8

19

0

36

Decrease (increase) in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,773

1,337

-3,029

-70

6,679

1,556

-8,123

8,060

-150

2,645

-220

-259

332

156

-19

-99

196

0

0

-

-

-

-

Net cash used in investing activities

-65,036

-260,020

104,399

-127,214

-27,726

-166,116

-50,675

-103,110

-86,977

-292,192

-109,037

1,074

-134,322

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,930

-

-327

3,130

-5

-8

-19

0

-36

Cash flows from financing activities:
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,121

-104,628

-

-57,958

-46,992

-52,052

-43,551

-26,003

-21,257

1,726

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to common stockholders

3,828

3,647

3,633

3,738

3,832

3,858

3,876

3,870

2,348

7,348

7,477

7,628

7,130

6,214

6,112

6,081

6,030

6,008

5,931

4,631

3,557

2,375

1,788

1,191

417

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests

1,790

1,670

4,066

1,860

1,533

1,673

1,845

1,634

1,146

1,415

7,306

6,902

15,740

782

1,658

682

504

483

420

845

357

797

607

414

3,956

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to preferred stockholders

13,323

12,553

11,585

10,769

10,168

9,427

8,957

8,487

8,143

7,492

6,834

6,164

5,552

4,017

3,004

1,490

1,153

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions on common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

252

236

222

194

158

119

102

92

83

88

Distributions to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-297

-179

-282

-115

0

0

-

-

-

-

Contributions from noncontrolling interests

-

-

-

-

-

7,106

1,386

2,108

2,951

0

3,554

7,093

91

20,867

2,465

123

1,554

1,987

756

0

578

795

-10

4,281

0

119

0

104

816

0

0

0

0

-

-

-

-

Borrowings on mortgages payable

6,861

152,853

220,176

77,212

0

14,457

189,715

167,097

40,000

79,088

72,605

829

81,611

187,706

114,190

3,958

59,552

-

24,999

584

42,641

29,769

10,069

1,522

3,975

-

-

-

-

-

-

-

-

0

0

0

150

Repayments on mortgages payable including prepayment penalties

1,912

20,031

251,282

1,765

1,637

-84,825

158,073

67,834

912

740

640

537

664

605

66,999

669

473

-

343

339

355

230

-75

313

0

-

-

-

-

0

0

1,931

1,903

-

-

-

-

Proceeds from credit facilities

156,703

40,000

21,000

52,000

20,500

60,500

26,000

88,000

47,995

107,670

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings (repayments) on mortgages payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

123

-120

-119

0

0

-

-

-

-

Repayments on credit facilities

71,950

22,000

122,300

28,700

24,707

41,250

31,250

118,956

16,500

40,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-175

167

-1,191

-

-

-

-

-

-

-

-

Payments of deferred financing fees

1,239

2,217

1,809

731

58

1,144

1,223

3,912

1,012

2,942

804

2,162

719

1,755

1,184

116

1,617

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Miscellaneous offering costs

0

0

0

0

222

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings from line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Deferred financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-446

-

-308

-1,527

0

-215

-18

13

15

-123

0

0

0

-

-

-

-

Net proceeds from issuance of Class A common stock

1,967

5,304

6

7

8

0

8

11

6

17

13

8

57,338

13

13

13

12

8

0

77,663

53,650

32,887

0

43,977

0

613

-387

166

626

1,452

2,587

2,526

2,329

1,754

390

651

43

Repurchase of Class A common stock

11,608

682

0

8,341

5,063

3,856

0

958

4,204

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-0

0

75

23

0

59

0

212

-

-

-

-

Net proceeds from issuance of Warrants associated with the Series B Redeemable Preferred Stock

-

-

-

-

-

-

-

-

-

-

942

751

355

131

122

22

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to redeem Operating Partnership Units

0

0

0

13

12

5

1

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65,280

51,341

-

18,443

72,412

92,154

58,218

7,431

38,764

-398

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

111,187

213,307

-98,345

119,180

11,612

141,094

36,114

79,699

73,170

168,047

89,964

29,285

130,075

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,334

-

2,098

436

93

454

283

568

104

Net increase (decrease) in cash, cash equivalents and restricted cash

65,267

-34,562

30,181

8,153

-5,248

-6,244

3,302

-1,699

-7,705

-103,159

-13,054

47,878

5,476

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (Decrease) Increase in Cash and Cash Equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,411

67,091

-44,941

4,027

-30,496

28,941

43,429

15,447

-12,769

17,249

148

633

622

-555

-505

-1,057

127

3,485

-187

218

-31

58

49

Supplemental disclosure of cash flow information
Cash paid for interest (net of interest capitalized)

13,737

12,476

13,991

13,817

13,606

12,346

11,974

10,862

9,655

7,530

6,968

6,958

6,548

5,089

4,679

4,500

3,827

3,287

2,622

2,680

2,320

2,369

5,145

68

187

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental Disclosure of Cash Flow Information  Cash Interest Paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

241

109

0

33

66

100

69

119

68

Supplemental disclosure of non-cash investing and financing activities
Conversion of preferred equity investments to notes receivable

-

-

-

-

-

-

-

-

-

-26,325

0

0

-14,435

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions payable - declared and unpaid

14,057

593

421

210

12,317

225

158

207

11,483

5,707

254

237

8,089

1,355

979

1,488

3,506

2,052

222

0

889

437

0

452

0

3

2

-1

137

15

18

16

78

12

4

5

40

Redemptions payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

69

100

0

-35

54

4

-

-

-

-

Accrued offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

483

-1,240

1,392

273

-44

62

663

160

54

44

299

-

-

-

-

Distributions paid to common stockholders through common stock issuances pursuant to the distribution reinvestment plan including no amount declared but not yet reinvested at December 31, 2013

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

129

159

153

142

126

103

82

86

51

46

28

Receivable for common stock issuances pursuant to the distribution reinvestment plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

1

-54

-5

-7

-6

-29

-

-

-

-

Mortgage assumed upon property acquisition

30,997

-

-

-

0

-

-

-

-

-

-

-

-

0

0

0

39,054

0

32,942

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgages assumed by buyer upon sale of real estate assets

-

-

-

-

-

-

-

-

-

0

0

0

41,419

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures held in accounts payable and other accrued liabilities

284

-

-191

75

1,132

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series D Preferred Stock [Member]
Net loss

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock [Member]
Net proceeds from issuance of Redeemable Preferred Stock

0

72,586

53,919

44,828

37,580

37,937

26,028

27,624

16,288

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retirement of 6.0% Series B Redeemable Preferred Stock

305

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of Warrants associated with the Series B Redeemable Preferred Stock

0

1,432

1,116

1,030

835

524

419

528

228

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from exercise of Warrants associated with the Series B Redeemable Preferred Stock

115

82

240

21

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to redeem 6.0% Series B Redeemable Preferred Stock

61

48

127

1

79

59

26

18

33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series T Preferred Stock [Member]
Net proceeds from issuance of Redeemable Preferred Stock

51,557

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-