Bluerock residential growth reit, inc. (BRG)
CashFlow / TTM
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

28,363

29,119

26,105

-15,181

-16,685

-15,275

-56,645

-58,115

-19,911

-7,028

40,155

46,307

9,579

-2,974

-3,412

-5,585

-4,329

7,643

10,683

8,640

3,977

-6,558

-10,728

-7,724

-3,849

-4,413

1,191

-323

6,064

7,365

0

0

0

-

-

-

-

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

77,811

74,055

71,560

69,531

68,915

67,004

65,361

60,981

55,872

51,146

43,989

39,657

36,247

32,435

29,404

25,751

21,622

16,747

14,007

14,794

14,757

13,231

11,277

7,588

5,224

5,813

6,284

6,143

4,715

2,836

0

0

0

-

-

-

-

Amortization of fair value adjustments

-327

-335

-393

-432

-434

-434

-418

-395

-369

-319

-271

-264

-329

-362

-409

-405

-321

-295

-261

-254

-227

-282

-344

-397

-479

-725

-725

-725

-610

-245

0

0

0

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Preferred returns on unconsolidated real estate joint ventures

9,923

9,797

9,532

10,005

10,140

10,312

10,348

10,247

10,225

10,336

10,880

11,266

11,436

11,632

10,816

10,108

8,628

6,590

4,965

3,010

1,802

1,066

486

-74

-142

-103

-97

80

10

13

28

11

46

-73

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,303

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of joint venture interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

Gain on sale of real estate investments

48,933

48,680

48,680

679

0

0

123

123

33,697

50,163

50,040

54,987

21,413

4,947

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of non-depreciable real estate investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustment of interest rate caps

819

2,536

5,347

5,211

4,534

2,846

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate assets of unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

11,543

9,015

8,560

9,007

9,259

9,464

9,278

8,921

8,843

9,252

10,207

10,856

11,329

11,405

10,346

12,749

10,643

9,027

7,295

2,396

1,781

720

408

120

196

289

394

369

455

607

678

833

880

904

0

0

0

Share-based compensation attributable to equity incentive plan

6,231

5,575

5,608

5,493

5,463

5,348

3,973

2,713

1,435

109

112

116

120

210

231

251

270

126

114

100

84

48

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation to employees - restricted stock grants

567

425

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation to Former Advisor - LTIP Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,117

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation to former Manager - LTIP Units

-

-

-

-

-

993

4,774

11,064

14,584

15,935

14,847

10,518

9,227

8,591

7,433

8,597

6,886

5,738

4,495

2,042

1,524

964

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Share-based expense reimbursements to BRE - LTIP Units

-

-

-

-

-

1,066

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation attributable to directors' stock compensation plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88

85

81

60

75

71

68

0

0

0

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

205

-283

1,121

-170

-116

-2,000

-3,857

-7,072

-3,884

-1,565

413

4,410

1,481

950

710

-33

-486

737

852

840

424

-291

-195

-500

336

-233

1,300

196

58

367

-1,262

516

535

2,144

0

0

0

Accounts receivable, prepaids and other assets

10,202

4,484

-2,787

3,924

-1,855

2,029

151

6,151

4,344

-294

5,544

-1,558

1,013

1,867

5,888

5,064

5,284

5,647

2,440

1,108

-1,087

-27

1,815

1,703

2,679

1,007

-208

-412

-293

-249

0

0

0

-

-

-

-

Decrease in other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accounts payable and other accrued liabilities

5,081

-3,369

-752

3,179

5,789

7,784

13,385

12,166

11,832

16,432

14,456

11,606

6,894

7,500

6,230

5,290

4,027

3,202

2,237

1,616

1,304

1,308

1,872

2,250

2,693

2,016

4,294

2,583

1,448

887

19

-31

-403

74

0

0

0

Net cash provided by operating activities

71,581

63,331

69,958

63,694

69,219

64,455

66,663

54,819

50,626

54,247

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-2,226

-878

-1,308

-1,051

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

21,727

-

16,647

13,431

9,652

5,145

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions of real estate investments

625,284

516,217

453,520

300,522

271,881

333,540

420,341

476,031

438,360

493,311

553,514

530,757

489,494

472,791

302,845

278,345

274,682

241,415

159,431

109,643

125,969

59,329

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

21,459

21,446

22,231

22,864

23,268

21,240

28,314

34,016

40,893

46,971

35,946

26,671

15,763

6,413

5,192

4,696

4,112

3,670

3,002

6,666

4,933

7,967

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Investment in notes receivable from related parties

43,373

51,714

16,868

12,676

10,944

22,032

54,962

54,695

54,695

54,096

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on notes receivable from related parties

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of unconsolidated real estate joint venture interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,590

26,420

26,420

26,420

10,830

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of real estate investments

313,086

313,785

313,785

952

952

0

0

0

43,306

71,945

71,945

108,620

65,314

36,675

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to consolidated real estate investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,068

4,239

1,289

0

0

0

-

-

-

-

Proceeds from sale and redemption of unconsolidated real estate joint ventures

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,985

7,423

9,424

9,425

4,439

0

0

0

-

-

-

-

-

-

-

-

Purchase of interests from noncontrolling interests

2,117

9,891

9,891

12,980

20,068

12,178

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated real estate joint venture interests

82,495

74,307

45,364

23,641

22,418

17,888

8,861

9,187

5,435

20,989

28,177

36,240

35,720

26,864

37,036

28,243

63,276

65,093

46,815

52,366

18,814

10,135

0

0

0

-

-

-

-

6

14

34

33

63

0

0

0

Decrease (increase) in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,011

4,917

5,136

42

8,172

1,343

2,432

10,335

2,015

2,498

9

210

369

233

76

96

0

0

0

-

-

-

-

Net cash used in investing activities

-347,871

-310,561

-216,657

-371,731

-347,627

-406,878

-532,954

-591,316

-487,132

-534,477

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,788

3,096

-33

-63

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-341,286

-

-200,553

-168,598

-142,863

-89,085

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to common stockholders

14,846

14,850

15,061

15,304

15,436

13,952

17,442

21,043

24,801

29,583

28,449

27,084

25,537

24,437

24,231

24,050

22,600

20,127

16,494

12,351

8,911

5,771

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests

9,386

9,129

9,132

6,911

6,685

6,298

6,040

11,501

16,769

31,363

30,730

25,082

18,862

3,626

3,327

2,089

2,252

2,105

2,419

2,606

2,175

5,774

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to preferred stockholders

48,230

45,075

41,949

39,321

37,039

35,014

33,079

30,956

28,633

26,042

22,567

18,737

14,063

9,664

5,647

2,643

1,153

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions on common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

905

812

695

574

472

397

366

0

0

0

Distributions to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-875

-577

-398

0

0

0

-

-

-

-

Contributions from noncontrolling interests

-

-

-

-

-

13,551

6,445

8,613

13,598

10,738

31,605

30,516

23,546

25,009

6,129

4,420

4,297

3,321

2,129

1,363

5,644

5,066

4,390

4,400

223

1,040

920

920

816

0

0

0

0

-

-

-

-

Borrowings on mortgages payable

457,102

450,241

311,845

281,384

371,269

411,269

475,900

358,790

192,522

234,133

342,751

384,336

387,465

365,406

0

0

167,969

-

97,993

83,063

84,001

45,335

0

0

0

-

-

-

-

-

-

-

-

150

0

0

0

Repayments on mortgages payable including prepayment penalties

274,990

274,715

169,859

76,650

142,719

141,994

227,559

70,126

2,829

2,581

2,446

68,805

68,937

68,746

0

0

13,029

-

1,267

849

823

468

0

0

0

-

-

-

-

3,834

0

0

0

-

-

-

-

Proceeds from credit facilities

269,703

133,500

154,000

159,000

195,000

222,495

269,665

243,665

155,665

107,670

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings (repayments) on mortgages payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-115

-239

0

0

0

-

-

-

-

Repayments on credit facilities

244,950

197,707

216,957

125,907

216,163

207,956

206,706

175,456

56,500

40,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Payments of deferred financing fees

5,996

4,815

3,742

3,156

6,337

7,291

9,089

8,670

6,920

6,627

5,440

5,820

3,774

4,672

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Miscellaneous offering costs

0

222

222

222

222

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings from line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Deferred financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-2,050

-1,760

-220

-205

-112

-94

-108

-123

0

0

0

-

-

-

-

Net proceeds from issuance of Class A common stock

7,284

5,325

21

23

27

25

42

47

44

57,376

57,372

57,372

57,377

51

46

33

77,683

131,321

164,200

164,200

130,514

76,864

44,590

44,202

392

1,019

1,858

4,833

7,193

8,895

9,198

7,001

5,126

2,840

0

0

0

Repurchase of Class A common stock

20,631

14,086

17,260

17,260

9,877

9,018

5,162

5,162

4,204

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

98

98

157

82

271

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

2,179

1,359

630

275

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to redeem Operating Partnership Units

13

25

30

31

18

6

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

277,090

-

241,227

230,215

196,567

104,015

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

345,329

245,754

173,541

308,000

268,519

330,077

357,030

410,880

360,466

417,371

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

3,083

1,267

1,400

1,410

0

0

0

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

69,039

-1,476

26,842

-37

-9,889

-12,346

-109,261

-125,617

-76,040

-62,859

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (Decrease) Increase in Cash and Cash Equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65,588

-4,319

-42,469

45,901

57,321

75,048

63,356

20,075

5,261

18,653

848

195

-1,496

-1,991

2,050

2,368

3,645

3,485

58

295

0

0

0

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

54,021

53,890

53,760

51,743

48,788

44,837

40,021

35,015

31,111

28,004

25,563

23,274

20,816

18,095

16,293

14,236

12,416

10,909

9,991

12,514

9,902

7,769

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental Disclosure of Cash Flow Information  Cash Interest Paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

384

209

200

270

356

358

0

0

0

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

-

-

-

-

-

-

-

-

-

-40,760

-14,435

-14,435

-14,435

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions payable - declared and unpaid

15,281

13,541

13,173

12,910

12,907

12,073

17,555

17,651

17,681

14,287

9,935

10,660

11,911

7,328

8,025

7,268

5,780

3,163

1,548

1,326

1,778

889

455

458

5

143

154

170

188

129

127

112

101

63

0

0

0

Redemptions payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

169

133

118

23

0

0

0

-

-

-

-

Accrued offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

908

380

1,682

954

841

940

923

559

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

441

585

581

524

454

398

324

267

212

0

0

0

Receivable for common stock issuances pursuant to the distribution reinvestment plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19

-66

-73

-49

0

0

0

-

-

-

-

Mortgage assumed upon property acquisition

0

-

-

-

0

-

-

-

-

-

-

-

-

39,054

39,054

71,996

71,996

32,942

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgages assumed by buyer upon sale of real estate assets

-

-

-

-

-

-

-

-

-

41,419

41,419

41,419

41,419

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures held in accounts payable and other accrued liabilities

0

-

0

0

0

-

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

171,333

208,913

174,264

146,373

129,169

107,877

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retirement of 6.0% Series B Redeemable Preferred Stock

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

3,578

4,413

3,505

2,808

2,306

1,699

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

458

343

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to redeem 6.0% Series B Redeemable Preferred Stock

237

255

266

165

182

136

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-