BRG · Bluerock Residential Growth REIT, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $220.65M | $219.85M | $209.97M | $81.33M | $123.18M | $77.05M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $27.79M | $24.14M | $22.55M | $19.55M | $7.54M | $5.86M |
| Total Operating Expenses | $190.68M | $189.03M | $173.26M | $155.03M | $167.83M | $78.08M |
| D&A | $83.31M | $82.99M | $74.06M | $67.00M | $51.15M | $32.44M |
| Operating Income | $29.97M | $30.81M | $36.71M | $29.69M | ($44.65M) | ($1.03M) |
| Interest Expense | - | - | $31.77M | $12.94M | $3.0K | $1.41M |
| Income Tax | - | - | - | - | - | - |
| Net Income | $3.47M | ($44.67M) | ($19.75M) | ($42.76M) | ($45.68M) | ($18.98M) |
| EPS - Basic | $0.08 | ($1.91) | ($0.91) | ($1.82) | ($1.79) | ($0.91) |
| EPS - Diluted | $0.07 | ($1.91) | ($0.91) | ($1.82) | ($1.79) | ($0.91) |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $166.49M | $83.87M | $31.68M | $24.77M | $35.02M | $82.05M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $2.60B | $2.49B | $2.34B | $2.02B | $1.69B | $1.24B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $1.36B | $1.49B | $1.43B | $1.21B | $939.49M | $710.58M |
| Total Liabilities | $1.44B | $1.61B | $1.49B | $1.33B | $1.05B | $735.41M |
| Stockholders' Equity | $83.87M | $58.41M | $127.49M | $158.35M | $222.83M | $241.73M |
| Retained Earnings | ($327.27M) | ($313.39M) | ($253.13M) | ($218.53M) | ($164.29M) | ($84.63M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $82.05M | $74.47M | $63.33M | $64.45M | $34.44M | $34.44M |
| Investing Cash Flow | $39.41M | ($27.00M) | ($310.56M) | ($406.88M) | ($512.90M) | ($512.90M) |
| Financing Cash Flow | ($43.92M) | $20.72M | $245.75M | $330.08M | $491.55M | $491.55M |
| CapEx | $27.90M | $17.12M | $21.45M | $21.24M | $46.97M | $6.41M |
| Free Cash Flow | $54.15M | $57.36M | $41.88M | $43.22M | ($12.53M) | $28.03M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 13.6% | 14.0% | 17.5% | 36.5% | -36.2% | -1.3% |
| EBITDA margin | 51.3% | 51.8% | 52.8% | 118.9% | 5.3% | 40.8% |
| Net margin | 1.6% | -20.3% | -9.4% | -52.6% | -37.1% | -24.6% |
| Free cash flow margin | 24.5% | 26.1% | 19.9% | 53.1% | -10.2% | 36.4% |
| FCF / Net income | 15.59 | -1.28 | -2.12 | -1.01 | 0.27 | -1.48 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 12.6% | 11.0% | 10.7% | 24.0% | 6.1% | 7.6% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | 0.1% | -1.8% | -0.8% | -2.1% | -2.7% | -1.5% |
| Return on equity | 4.1% | -76.5% | -15.5% | -27.0% | -20.5% | -7.9% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 16.27 | 25.53 | 11.18 | 7.62 | 4.22 | 2.94 |
| Debt / Assets | 0.53 | 0.60 | 0.61 | 0.60 | 0.56 | 0.57 |
| Debt / EBITDA | 12.05 | 13.10 | 12.87 | 12.47 | 144.56 | 22.63 |
| Interest coverage | - | - | 1.2x | 2.3x | -14862.5x | -0.7x |
| Equity multiplier | 30.99 | 42.63 | 18.36 | 12.75 | 7.59 | 5.14 |
| Liabilities / Assets | 0.55 | 0.65 | 0.64 | 0.66 | 0.62 | 0.59 |
| Efficiency | ||||||
| Asset turnover | 0.08 | 0.09 | 0.09 | 0.04 | 0.07 | 0.06 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 0.4% | 4.7% | 158.2% | -34.0% | 59.9% | 74.1% |
| Revenue CAGR (3y) | 39.5% | 21.3% | 39.7% | 22.5% | 59.5% | 105.5% |
| Revenue CAGR (5y) | 23.4% | 37.8% | 47.2% | 55.7% | 93.6% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -2.7% | -16.1% | 23.6% | - | -4226.3% | 36.4% |
| Net income growth (YoY) | - | -126.2% | 53.8% | 6.4% | -140.6% | - |
| EPS growth (YoY) | - | -109.9% | 50.0% | -1.7% | -96.7% | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -5.6% | 36.9% | -3.1% | - | - | 115.0% |
| FCF CAGR (5y) | 14.1% | 34.5% | - | - | - | - |
| Book value growth (YoY) | 43.6% | -54.2% | -19.5% | -28.9% | -7.8% | 16.7% |
Stability scores
Piotroski F-score
FY 2021 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing Bluerock Residential Growth REIT against the 5 most active filers in the same SIC group.