BLUEROCK RESIDENTIAL GROWTH REIT, INC. BRG Income Statement

Bluerock residential growth reit, inc. (BRG)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Net rental income
-	-	-	-	-	-	-	-	-	-	24,827	23,570	23,859	21,244	18,572	17,513	15,928	12,648	11,049	9,918	8,644	9,444	9,185	7,439	3,130	-	2,975	2,888	-	-	-	-	-	-	-	-	-	-	-
Rental and other property revenues
50,353	45,800	47,422	46,464	45,690	44,287	42,175	39,324	36,675	-	3,207	2,999	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income from related parties and ground leases
5,888	-	-	-	5,776	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other property revenues
-	-	-	-	-	-	-	-	-	-	-	-	2,801	-	2,005	886	706	2,560	511	551	392	372	371	326	96	-	84	-	-	-	-	-	-	-	-	-	-	-	-
Interest income from related parties
-	-	6,125	5,973	-	5,722	5,702	5,635	5,196	2,190	2,120	2,097	1,523	17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
56,241	52,521	53,547	52,437	51,466	50,009	47,877	44,959	41,871	-	30,154	28,666	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net rental income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,891	1,108	963	64	0	-	0	0	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90	126	397	34	3	0	-	0	0	-	-	-
Total revenues
-	-	-	-	-	-	-	-	-	-	-	-	28,183	-	20,577	18,399	16,634	15,208	11,560	10,469	9,036	9,816	9,556	7,765	3,226	3,012	3,060	2,978	3,018	1,505	997	68	0	-	0	0	-	-	-
Expenses
Property operating
19,299	17,602	19,377	18,868	18,602	17,494	17,971	16,874	15,658	14,140	12,060	11,527	10,619	9,936	7,896	7,389	6,593	5,551	4,698	4,362	3,864	4,206	4,067	3,359	1,581	-	1,306	940	-	-	-	-	-	-	-	-	-	-	-
Property management fees
1,294	1,193	1,256	1,235	1,215	1,184	1,141	1,074	992	935	781	737	732	-	-595	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition costs to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	188	105
General and administrative
6,371	5,621	6,259	5,046	5,627	5,624	4,732	4,528	4,669	3,293	1,103	1,696	1,449	1,709	1,177	1,704	1,273	1,196	1,246	738	928	645	778	741	530	502	461	378	451	566	426	384	338	384	502	516	2,162	73	111
Management fees to related parties
-	-	-	-	-	-	-	-	-	993	2,802	6,163	2,768	2,015	1,866	1,415	1,214	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	896	706	1,450	-	225	206	116	-	130	-	-	-	-	-	-	-	-	-	82	55	50
Management fees to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117	125	31	62	82	82	-	82	82	-	-	-
Real estate taxes and insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	348	352	120	112	8	0	-	0	0	-	-	-
Acquisition and pursuit costs
1,269	211	217	70	58	38	7	28	43	18	15	18	3,182	2,443	689	249	1,209	2,099	739	221	449	849	379	3,136	14	-6	55	65	77	2,077	0	77	0	-	-	-	-	-	-
Management internalization
-	-	-	-	-	-	-	-	-	41,907	826	340	481	63	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weather-related losses, net
-	-	57	291	-	107	13	0	168	336	678	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	111	-	-	-	-	-	-	-	-	-	-	-
Property operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	776	358	274	16	0	-	0	0	-	-	-
Management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	107	48	40	2	0	-	0	0	-	-	-
Depreciation and amortization
20,921	19,353	17,643	16,226	17,230	16,840	15,384	14,819	15,640	15,530	11,763	10,387	10,944	8,722	7,166	7,789	7,510	5,727	3,993	3,741	2,765	2,967	4,781	3,783	1,108	1,063	1,061	1,311	1,715	801	698	48	0	-	0	0	-	-	-
Total expenses
49,154	43,987	44,809	41,736	42,732	41,287	39,248	37,323	37,170	77,152	30,028	30,868	30,175	26,632	19,389	18,546	17,799	17,100	11,572	9,768	9,456	9,124	10,230	11,225	3,349	3,299	3,014	3,273	3,607	4,003	1,614	619	420	-	584	598	-	-	-
Equity in operating (loss) earnings of unconsolidated joint ventures (Note 5)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54	-	-	-	-	-	-	-	-	-	-
Operating income
7,087	8,534	8,738	10,701	8,734	8,722	8,629	7,636	4,701	-40,579	126	-2,202	-1,992	-908	1,188	-147	-1,165	-1,892	-12	701	-420	692	-674	-3,460	-123	-341	45	-294	-535	-2,488	-598	-602	-384	-451	-574	-614	-2,328	-642	-614
Other income (expense)
Other income
40	-	-	-	0	-	-	-	-	-	0	17	-	-	26	0	-	-1	0	41	22	1	52	132	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Total Expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,244	317	267
Preferred returns on unconsolidated real estate joint ventures
2,415	2,700	2,316	2,492	2,289	2,436	2,789	2,626	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	573	412	87	-6	-	-150	-1	-	9	18	-51	36	15	10	-16	-83	-325	-347
Equity in gain on sale of unconsolidated real estate joint venture interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	11	-15	11,307	4,067	0	0	0	-	1,605	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate investments
253	0	48,680	0	0	0	0	0	0	123	0	33,574	16,466	0	4,947	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of non-depreciable real estate investments
0	-	0	-	679	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate joint venture interests
-	-	-	-	-	-	-	-	-	-	0	10,238	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt and debt modification costs
-	-	-6,924	0	-	-	-1,624	-653	-	-	0	-1,639	-	-	-2,393	0	-	-	0	-	-	880	0	0	-880	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Equity in gain on sale of real estate asset of unconsolidated joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Interest expense, net
-14,916	-13,727	-14,635	-15,125	-16,067	-16,935	-12,905	-13,041	-10,117	-9,182	-7,395	-7,825	-7,118	-5,824	-5,274	-4,589	-4,228	-3,381	-2,967	-2,726	-2,292	-2,684	-2,549	-2,071	-1,123	-1,133	-1,137	-1,176	-1,146	-451	-219	-44	-65	-86	-87	-86	-85	-53	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74
Total other expense
-12,208	-11,293	29,437	-12,633	-13,099	-14,499	-11,740	-11,068	-7,656	-6,564	-4,707	36,970	11,920	952	380	-1,814	-1,460	1,494	-590	-1,405	9,767	1,957	-2,085	-1,852	-1,129	-	316	-	-	-	-	-	-	-	-	-	-	-	-74
Total other expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,178	-1,146	6,947	-219	5,497	-65	-	-87	-86	-	-	-
Net (loss) income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,649	-2,759	-5,312	-1,252	-1,426	362	-1,472	-1,682	-	-818	-	-	-	-	-	-	-	-
Loss on operations of rental property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7	114	-55	-62	-101	-2	-20	-68	-	-336	-	-	-	-	-	-	-	-
Gain on business combinations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,527	-	-	-	-	-	-	-
Gain on sale of joint venture interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,006	-	0	0	-	-	0	2,014	-	-	0	0	-	-	-
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Gain on sale of joint venture interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7	114	-55	64	-101	-2	-20	-68	-	-336	-	-	-	-	-	-	-	-
Net loss
-5,121	-2,759	38,175	-1,932	-4,365	-5,777	-3,111	-3,432	-2,955	-47,143	-4,581	34,768	9,928	44	1,568	-1,961	-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	-	-662	-701	-	-	-
Preferred stock dividends
13,547	12,869	11,887	11,019	10,384	-	9,105	8,643	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends
-	-	-	-	-	-	-	-	8,248	-	7,038	6,381	5,851	5,373	3,940	2,968	1,482	1,153	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock accretion
3,925	3,415	2,717	2,316	1,887	1,827	1,631	1,400	1,112	1,121	905	647	338	325	275	168	125	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to noncontrolling interests
Operating Partnership units
-5,822	-5,032	6,191	-3,887	-4,051	-3,997	-3,157	-3,010	-2,675	-9,377	-125	186	-56	-102	-37	-75	-62	-22	-8	-10	75	83	-116	-205	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Partially-owned properties
-278	-183	220	-390	-492	-460	-356	-253	-215	-399	-382	9,985	8,785	1,704	-59	21	-35	-7	-20	-112	5,959	1	-382	-626	-141	-	-171	-296	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to noncontrolling interests
-6,100	-5,215	6,411	-4,277	-4,543	-4,457	-3,513	-3,263	-2,890	-9,776	-507	10,171	8,729	1,602	-96	-54	-97	-29	-28	-122	6,034	84	-498	-831	-141	-448	-171	-296	-524	3,891	-434	-12	0	-	0	0	-	-	-
Net loss attributable to common stockholders
-16,493	-13,828	17,160	-10,990	-12,093	-12,788	-10,334	-10,212	-9,425	-46,241	-12,017	17,569	-4,990	-7,256	-2,551	-5,043	-4,135	-1,522	-574	-582	3,313	2,558	-2,147	-4,536	-1,047	-1,080	531	-1,196	-1,226	183	-719	4,907	-450	-537	-662	-701	-2,413	-696	-689
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.22	-0.38	-0.77	-1.05	-0.91	0.51	-1.14	-1.16	-	-0.57	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.05	0.02	-0.01	0.06	-0.10	0.00	-0.02	-0.07	-	0.18	-	-	-	-	-	-	-	-
Net loss per common share - Basic
-0.70	-0.64	0.76	-0.50	-0.53	-0.54	-0.44	-0.44	-0.40	-1.81	-0.45	0.67	-0.20	-0.35	-0.12	-0.24	-0.20	-0.15	-0.03	-0.04	0.26	1.17	-0.36	-0.78	-0.99	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.22	-0.38	-0.77	-1.05	-0.90	0.50	-1.14	-1.16	-	-0.57	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.05	0.02	-0.01	0.06	-0.10	0.00	-0.02	-0.07	-	0.18	-	-	-	-	-	-	-	-
Basic Income (Loss) Per Common Share (in dollors per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.17	-0.37	-	-0.80	-0.93	-	-	-
Net loss per common share - Diluted
-0.70	-0.63	0.75	-0.50	-0.53	-0.54	-0.44	-0.44	-0.40	-1.81	-0.45	0.67	-0.20	-0.35	-0.12	-0.24	-0.20	-0.15	-0.03	-0.04	0.26	1.17	-0.36	-0.78	-0.99	-	-	-	-	-	-	3.14	-	-	-0.80	-0.93	-	-	-
Weighted average basic common shares outstanding
24,087	22,721	22,320	22,430	23,123	23,696	23,742	23,800	24,143	24,707	26,474	26,075	24,989	21,106	20,908	20,686	20,521	20,549	20,166	16,353	12,547	8,765	5,877	5,823	1,060	1,054	1,048	1,030	995	2,109	1,855	1,546	1,207	-	828	758	-	-	-
Weighted average diluted common shares outstanding
24,087	22,373	22,669	22,430	23,123	23,696	23,742	23,800	24,143	24,706	26,474	26,076	24,989	21,106	20,908	20,686	20,521	20,601	20,166	16,353	12,547	8,765	5,877	5,823	1,060	1,048	1,055	1,030	995	-	1,855	1,561	-	-	828	758	-	-	-
Basic and Diluted Loss Per Common Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3.62	-1.43	-4.13
Weighted Average Common Shares Outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	666	489	167