Bluerock Homes Trust
Acquires, develops and operates rental communities and scattered homes across U.S. growth markets.
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Profile
Acquires, develops, renovates and operates rental communities and scattered homes, earning primarily from tenant rent and property-related income. Uses preferred-equity investments and a Delaware statutory trust program alongside owned properties, while relying on an external manager.
Owns, operates, renovates and develops rental housing through Residential Communities—apartments, townhouses, duplexes and build-to-rent properties—and Scattered Single-Family Homes. Earns primarily from contractual tenant rent and other property-related income, with fixed returns on preferred-equity investments and a share of earnings from an unconsolidated real-estate fund.
Targets middle-market renters in Sunbelt and western growth markets, where most of the portfolio is located. Acquires properties, manages development and lease-up activity, renovates older assets under its Value-Add program, and selectively sells scattered homes based on submarket and unit-level review.
Relies on Bluerock Homes Manager for personnel and day-to-day execution. Its operating structure includes Delaware statutory trusts holding specific properties for accredited investors, and REIT qualification depends on annual taxable-income distributions plus organizational and operational tests.
Company facts
Categories
Key statistics
Year to date −25.3% · Average volume (30d) 7.9K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | — | −$0.90 | — | $19.3M | $19.3M | 0.0% | +1.84% |
| Aug 12, 2026Q2 FY26 | — | −$0.90 | — | $19.1M | $19.3M | +1.3% | +0.81% |
| May 7, 2026Q1 FY26 | — | −$0.90 | — | $19.7M | $19.7M | 0.0% | −0.99% |
| Feb 27, 2026Q4 FY25 | — | −$0.75 | — | $17.2M | $18.9M | +10.1% | +4.65% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $16.4M | $16.8M | $16.6M | $18.9M | $19.7M | $19.3M | |
| Gross profit | $4.9M | $4.7M | $3.9M | $35.5M | −$11.3M | $9.6M | |
| Operating income | −$5.6M | −$5.2M | −$5.6M | $41.2M | −$5.9M | $7.0M | |
| Net income | $4.0K | $1.0M | $383.0K | $820.0K | $169.0K | $808.0K | |
| Diluted EPS | −$0.67 | −$0.66 | −$0.94 | $0.20 | $0.04 | −$0.90 | |
| Gross margin | 29.8% | 27.9% | 23.7% | 188.0% | -57.5% | 49.4% | |
| Operating margin | -33.8% | -31.0% | -33.5% | 217.8% | -30.0% | 36.4% |
Fiscal years (4-quarter sums)FY24 $53.8M · FY25 $68.7M
Balance sheet, Jun 30, 2026Cash & short-term investments $172.1M · Total debt $426.5M · Total assets $1.15B · Shareholders' equity $276.7M
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 25, 2026 | Jun 25 | Jul 2 | $0.125 | |
| Mar 25, 2026 | Mar 25 | Apr 2 | $0.125 | |
| Dec 24, 2025 | Dec 24 | Jan 5 | $0.125 | |
| Sep 25, 2025 | Sep 25 | Oct 3 | $0.125 | |
| Jun 25, 2025 | Jun 25 | Jul 3 | $0.125 | |
| Mar 25, 2025 | Mar 25 | Apr 4 | $0.125 | |
| Feb 25, 2025 | Feb 25 | Mar 5 | $0.125 | |
| Dec 28, 2023 | Dec 29 | Jan 5 | $1.00 | special dividend |
Ownership
Shares outstanding 4.11M · Float 3.19M · 77.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Sanda Par Olof | 570.7K | 14.10% | 13G | Feb 10, 2026 |
| Quinn Opportunity Partners LLC | 228.3K | 5.56% | 13F | May 15, 2026 |
| Hedgehog Capital LLC | 209.7K | 5.10% | 13G | May 15, 2026 |
| Vanguard Capital Management LLC | 146.8K | 3.57% | 13F | May 15, 2026 |
| Cambridge Investment Research Advisors, Inc. | 142.0K | 3.46% | 13F | Apr 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Mid-America Apartment Communities
Largest Sunbelt apartment-community rival by portfolio scale.
- Invitation Homes
Scaled single-family leasing rival across shared Sunbelt markets.
- American Homes 4 Rent
Large single-family rental and build-to-rent operator.
- Camden Property Trust
Large multifamily owner and developer in Sunbelt growth markets.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bluerock Homes Trust | $8.62 | 0.00% | $35.4M | — | — | 0.5 | +15.0% |
| Mid-America Apartment Communities | $128.57 | −0.84% | $15.08B | 37.9 | 41.5 | 6.8 | +1.0% |
| Invitation Homes | $28.97 | −0.93% | $17.37B | 26.8 | 38.4 | 6.1 | +9.7% |
| American Homes 4 Rent | $33.54 | 0.00% | $12.05B | 26.6 | 44.0 | 6.4 | +2.8% |
| Camden Property Trust | $106.35 | +0.03% | $10.69B | 35.3 | 101.8 | 6.8 | −0.9% |
| Median | 31.1 | 42.7 | 6.6 | +1.9% |