BLUEROCK RESIDENTIAL GROWTH REIT, INC. BRG Income Statement

Bluerock residential growth reit, inc. (BRG)

Income statement / TTM

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
-	-	-	-	-	-	-	-	-	-	93,500	87,245	81,188	73,257	64,661	57,138	49,543	42,259	39,055	37,191	34,712	29,198	22,729	16,432	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Rental and other property revenues
190,039	185,376	183,863	178,616	171,476	162,461	121,381	82,205	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income from related parties and ground leases
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other property revenues
-	-	-	-	-	-	-	-	-	-	-	-	9,753	-	6,157	4,663	4,328	4,014	1,826	1,686	1,461	1,165	877	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest income from related parties
-	-	23,596	23,173	-	22,255	18,723	15,141	11,603	7,930	5,757	3,637	1,540	17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
214,746	209,971	207,459	201,789	194,311	184,716	164,861	145,650	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net rental income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,027	2,136	1,027	64	0	-	0	0	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	649	562	435	37	3	0	-	0	0	-	-	-
Total revenues
-	-	-	-	-	-	-	-	-	-	-	-	92,590	-	70,818	61,801	53,871	46,273	40,881	38,877	36,173	30,363	23,559	17,063	12,277	12,070	10,563	8,500	5,589	2,571	1,065	68	0	-	0	0	-	-	-
Expenses
Property operating
75,146	74,449	74,341	72,935	70,941	67,997	64,643	58,732	53,385	48,346	44,142	39,978	35,840	31,814	27,429	24,231	21,204	18,475	17,130	16,499	15,496	13,213	10,313	7,186	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Property management fees
4,978	4,899	4,890	4,775	4,614	4,391	4,142	3,782	3,445	3,185	1,655	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition costs to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
General and administrative
23,297	22,553	22,556	21,029	20,511	19,553	17,222	13,593	10,761	7,541	5,957	6,031	6,039	5,863	5,350	5,419	4,453	4,108	3,557	3,089	3,092	2,694	2,551	2,235	1,872	1,794	1,857	1,822	1,828	1,715	1,533	1,608	1,740	3,564	3,254	2,864	0	0	0
Management fees to related parties
-	-	-	-	-	-	-	-	-	12,726	13,748	12,812	8,064	6,510	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	677	0	0	-	0	-	-	-	-	-	-	-	-	-	0	0	0
Management fees to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	337	301	258	309	330	0	-	0	0	-	-	-
Real estate taxes and insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	933	594	241	121	8	0	-	0	0	-	-	-
Acquisition and pursuit costs
1,767	556	383	173	131	116	96	104	94	3,233	5,658	6,332	6,563	4,590	4,246	4,296	4,268	3,508	2,258	1,898	4,813	4,378	3,522	3,198	128	192	2,275	2,220	2,232	2,154	0	0	0	-	-	-	-	-	-
Management internalization
-	-	-	-	-	-	-	-	-	43,554	1,710	884	544	63	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weather-related losses, net
-	-	455	411	-	288	517	1,182	1,182	1,014	678	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Property operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,426	649	290	16	0	-	0	0	-	-	-
Management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	199	91	43	2	0	-	0	0	-	-	-
Depreciation and amortization
74,143	70,452	67,939	65,680	64,273	62,683	61,373	57,752	53,320	48,624	41,816	37,219	34,621	31,187	28,192	25,019	20,971	16,226	13,466	14,254	14,296	12,639	10,735	7,015	4,544	5,152	4,890	4,526	3,263	1,547	746	48	0	-	0	0	-	-	-
Total expenses
179,686	173,264	170,564	165,003	160,590	155,028	190,893	181,673	175,218	168,223	117,703	107,064	94,742	82,366	72,834	65,017	56,239	47,896	39,920	38,578	40,035	33,928	28,103	20,887	12,936	13,195	13,899	12,499	9,845	6,658	3,240	2,224	0	-	0	0	-	-	-
Equity in operating (loss) earnings of unconsolidated joint ventures (Note 5)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Operating income
35,060	36,707	36,895	36,786	33,721	29,688	-19,613	-28,116	-37,954	-44,647	-4,976	-3,914	-1,859	-1,032	-2,016	-3,216	-2,368	-1,623	961	299	-3,862	-3,565	-4,598	-3,878	-712	-1,125	-3,272	-3,916	-4,225	-4,074	-2,037	-2,012	-2,024	-3,968	-4,160	-4,200	0	0	0
Other income (expense)
Other income
0	-	-	-	0	-	-	-	-	-	0	0	-	-	0	0	-	62	64	116	207	185	184	132	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Total Expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Preferred returns on unconsolidated real estate joint ventures
9,923	9,797	9,533	10,006	10,140	10,312	10,347	10,246	10,225	10,336	10,880	11,266	11,436	11,632	10,816	10,108	8,628	6,590	4,964	3,010	1,802	1,066	342	-70	0	-	0	0	-	13	19	11	46	-73	-414	-771	0	0	0
Equity in gain on sale of unconsolidated real estate joint venture interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	11,303	15,370	15,359	15,374	4,067	1,605	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate investments
48,933	48,680	48,680	0	0	0	123	123	33,697	50,163	50,040	54,987	21,413	4,947	4,947	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of non-depreciable real estate investments
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate joint venture interests
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt and debt modification costs
-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	-	-	0	-880	-880	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Equity in gain on sale of real estate asset of unconsolidated joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Interest expense, net
-58,403	-59,554	-62,762	-61,032	-58,948	-52,998	-45,245	-39,735	-34,519	-31,520	-28,162	-26,041	-22,805	-19,915	-17,472	-15,165	-13,302	-11,366	-10,669	-10,251	-9,596	-8,427	-6,876	-5,465	-4,571	-4,595	-3,912	-2,994	-1,862	-781	-416	-284	-326	-346	-313	0	0	0	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Total other expense
-6,697	-7,588	-10,794	-51,971	-50,406	-44,963	-37,028	-29,995	18,043	37,619	45,135	50,222	11,438	-1,942	-1,400	-2,370	-1,961	9,266	9,729	8,234	7,787	-3,109	-4,749	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	0
Total other expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,403	11,079	12,160	5,124	5,256	0	-	0	0	-	-	-
Net (loss) income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,674	-10,749	-7,628	-3,788	-4,219	-3,610	0	0	-	0	-	-	-	-	-	-	-	-
Loss on operations of rental property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	-104	-221	-187	-194	-428	0	0	-	0	-	-	-	-	-	-	-	-
Gain on business combinations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Gain on sale of joint venture interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,006	1,006	0	-	0	0	-	-	0	0	-	-	0	0	-	-	-
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Gain on sale of joint venture interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116	21	-95	-61	-194	-428	0	0	-	0	-	-	-	-	-	-	-	-
Net loss
28,363	29,119	26,101	-15,185	-16,685	-15,275	-56,641	-58,111	-19,911	-7,028	40,159	46,308	9,579	-2,974	-3,416	-5,586	-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	2,627	3,080	0	-	0	0	-	-	-
Preferred stock dividends
49,322	46,159	42,395	39,151	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends
-	-	-	-	-	-	-	-	29,420	-	24,643	21,545	18,132	13,763	9,543	5,603	2,635	1,153	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock accretion
12,373	10,335	8,747	7,661	6,745	5,970	5,264	4,538	3,785	3,011	2,215	1,585	1,106	893	568	293	125	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to noncontrolling interests
Operating Partnership units
-8,550	-6,779	-5,744	-15,092	-14,215	-12,839	-18,219	-15,187	-11,991	-9,372	-97	-9	-270	-276	-196	-167	-102	35	140	32	-163	-238	-321	-205	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Partially-owned properties
-631	-845	-1,122	-1,698	-1,561	-1,284	-1,223	-1,249	8,989	17,989	20,092	20,415	10,451	1,631	-80	-41	-174	5,820	5,828	5,466	4,952	-1,148	-1,320	-1,235	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to noncontrolling interests
-9,181	-7,624	-6,866	-16,790	-15,776	-14,123	-19,442	-16,436	-3,002	8,617	19,995	20,406	10,181	1,355	-276	-208	-276	5,855	5,968	5,498	4,789	-1,386	-1,918	-1,592	-1,058	-1,442	2,898	2,635	2,919	3,444	-447	-12	0	-	0	0	-	-	-
Net loss attributable to common stockholders
-24,151	-19,751	-18,711	-46,205	-45,427	-42,759	-76,212	-77,895	-50,114	-45,679	-6,694	2,772	-19,840	-18,985	-13,251	-11,274	-6,813	635	4,715	3,142	-812	-5,172	-8,810	-6,131	-2,791	-2,971	-1,706	-2,958	3,144	3,920	3,199	3,257	-2,351	-4,315	-4,474	-4,501	0	0	0
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