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Bluerock Homes Trust, Inc. (BHM) 10-Year Financial Performance & Capital Metrics

BHM • • REIT / Real Estate
Real EstateResidential REITsSpecialized Residential PlatformsResidential Land Development Platforms
AboutBluerock Homes Trust, Inc. engages in the provision of residential investments and other property-related income. The company was founded on December 16, 2021 and is headquartered in New York, NY.Show more
  • Revenue $50M +22.2%
  • FFO $22M +44.9%
  • FFO/Share 5.60 +44.5%
  • FFO Payout 17.96% +3331.4%
  • FFO per Share 5.60 +44.5%
  • NOI Margin 24.38% +4.5%
  • FFO Margin 43.01% +18.6%
  • ROE 0.01% +100.7%
  • ROA 0% +100.6%
  • Debt/Assets 38.65% +55.8%
  • Net Debt/EBITDA 80.78 +322.7%
  • Book Value/Share 147.53 +18.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FFO growing 20.1% TTM
  • ✓Sustainable FFO payout ratio of 18.0%
  • ✓Trading at only 0.1x book value

✗Weaknesses

  • ✗Low NOI margin of 24.4%
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y41.24%
TTM34.82%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-90.23%
TTM-1044.97%

EPS CAGR

10Y-
5Y-
3Y-
TTM-198.97%

ROCE

10Y Avg-0.48%
5Y Avg-0.48%
3Y Avg-0.76%
Latest-2.54%

Peer Comparison

Residential Land Development Platforms
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
SUNSSunrise Realty Trust, Inc.125.35M9.349.3413.48%57.77%6.7%1.31%1.74
BHMBluerock Homes Trust, Inc.40.04M9.89-8.9922.2%-13.02%-1.37%0.66
MRPMillrose Properties, Inc.4.71B30.54-20.64-37.38%-4.65%0.00

Profit & Loss

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+7.37M17.82M42.73M41.09M50.21M
Revenue Growth %-1.42%1.4%-0.04%0.22%
Property Operating Expenses970K3.78M19.17M31.5M37.97M
Net Operating Income (NOI)+-----
NOI Margin %-----
Operating Expenses+6.91M13.65M8.49M24.34M30.61M
G&A Expenses5.01M4.54M8.49M8M10.59M
EBITDA+15.03M10.22M31.04M4.53M3.2M
EBITDA Margin %-----
Depreciation & Amortization+15.54M9.83M15.97M19.27M21.57M
D&A / Revenue %-----
Operating Income+-511K389K15.07M-14.75M-18.36M
Operating Margin %-----
Interest Expense+3.19M2.92M5.7M13.1M18.09M
Interest Coverage-0.16x0.13x2.64x-1.13x-1.02x
Non-Operating Income11.05M-3.22M16.01M-12.08M-24.37M
Pretax Income+-14.75M945K-6.24M-15.77M-12.09M
Pretax Margin %-----
Income Tax+00000
Effective Tax Rate %-----
Net Income+-17.73M34.33M-1M-4.37M32K
Net Margin %-----
Net Income Growth %-2.94%-1.03%-3.37%1.01%
Funds From Operations (FFO)+-----
FFO Margin %-----
FFO Growth %-21.13%-0.66%-0%0.45%
FFO per Share+-----
FFO Payout Ratio %-----
EPS (Diluted)+-4.61-19.91-0.26-1.30-1.10
EPS Growth %--3.32%0.99%-4%0.15%
EPS (Basic)-4.61-19.91-0.26-1.30-1.10
Diluted Shares Outstanding3.84M3.84M3.84M3.85M3.86M

Balance Sheet

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+491.78M541.46M658.89M671.62M966.99M
Asset Growth %-0.1%0.22%0.02%0.44%
Real Estate & Other Assets+313.93M318.08M472.13M18.89M683.63M
PP&E (Net)29.07M318.08M0446.01M0
Investment Securities1000K1000K1000K1000K1000K
Total Current Assets+107.37M181.33M100.48M142.75M198.95M
Cash & Equivalents48.78M129.39M78.43M80.16M115.21M
Receivables1000K1000K1000K1000K1000K
Other Current Assets53.76M7.54M4.14M20.99M16.05M
Intangible Assets02.52M002.75M
Total Liabilities307.81M79.49M166.91M192.75M398.1M
Total Debt+53.91M63.01M153.19M166.67M373.78M
Net Debt5.13M-66.38M74.77M86.51M258.57M
Long-Term Debt53.91M63.01M98.19M145.03M252.78M
Short-Term Borrowings001000K1000K1000K
Capital Lease Obligations0008.27M0
Total Current Liabilities+253.91M16.49M68.71M47.72M145.32M
Accounts Payable169K2.09M1.75M691K803K
Deferred Revenue00000
Other Liabilities00000
Total Equity+183.97M461.97M491.99M478.87M568.89M
Equity Growth %-1.51%0.06%-0.03%0.19%
Shareholders Equity179.58M440.09M159.99M155.62M241.23M
Minority Interest4.39M21.88M332M323.25M327.66M
Common Stock179.58M116.51M38K39K40K
Additional Paid-in Capital00126.62M122.37M118.5M
Retained Earnings0150.84M33.33M24.94M20.71M
Preferred Stock0150.84M08.27M102.15M
Return on Assets (ROA)-0.04%0.07%-0%-0.01%0%
Return on Equity (ROE)-0.1%0.11%-0%-0.01%0%
Debt / Assets0.11%0.12%0.23%0.25%0.39%
Debt / Equity0.29x0.14x0.31x0.35x0.66x
Net Debt / EBITDA0.34x-6.50x2.41x19.11x80.78x
Book Value per Share47.87120.20128.01124.53147.53

Cash Flow

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+14.59M9.81M3.5M13.88M9.06M
Operating CF Growth %--0.33%-0.64%2.97%-0.35%
Operating CF / Revenue %-----
Net Income-17.53M111.8M-5.92M-15.77M-12.09M
Depreciation & Amortization15.54M9.83M18.77M19.27M21.57M
Stock-Based Compensation00872K11.86M9.96M
Other Non-Cash Items14.92M-109.56M-10.53M-2.41M-12.6M
Working Capital Changes1.66M-2.26M309K925K2.22M
Cash from Investing+-6.49M158.05M-177.18M-25.72M-224.92M
Acquisitions (Net)-3.06M1.47M-46.72M3.28M0
Purchase of Investments-22.92M-265.82M-204.17M-22.56M-19.79M
Sale of Investments001000K1000K1000K
Other Investing21M424.1M46.72M-22.75M-212.06M
Cash from Financing+29.56M-84.46M119.31M15.66M260.72M
Dividends Paid00-68.47M-78K-7.34M
Common Dividends00-68.47M0-3.88M
Debt Issuance (Net)1000K-1000K1000K1000K1000K
Share Repurchases00000
Other Financing22.96M164.99M96.66M-6.43M-11.94M
Net Change in Cash+37.66M83.4M-54.37M3.82M44.86M
Exchange Rate Effect00000
Cash at Beginning15.87M53.53M136.93M82.56M86.38M
Cash at End53.53M136.93M82.56M86.38M131.24M
Free Cash Flow+13.08M8.11M-15.15M4.35M-253K
FCF Growth %--0.38%-2.87%1.29%-1.06%
FCF / Revenue %-----

Key Ratios

Metric20202021202220232024
FFO per Share-0.5711.493.893.885.6
FFO Payout Ratio0%0%457.44%0.52%17.96%
NOI Margin86.84%78.79%55.13%23.34%24.38%
Net Debt / EBITDA0.34x-6.50x2.41x19.11x80.78x
Debt / Assets10.96%11.64%23.25%24.82%38.65%
Interest Coverage-0.16x0.13x2.64x-1.13x-1.02x
Book Value / Share47.87120.2128.01124.53147.53
Revenue Growth-141.82%139.8%-3.84%22.2%

Frequently Asked Questions

Growth & Financials

Bluerock Homes Trust, Inc. (BHM) reported $67.3M in revenue for fiscal year 2024. This represents a 813% increase from $7.4M in 2020.

Bluerock Homes Trust, Inc. (BHM) grew revenue by 22.2% over the past year. This is strong growth.

Bluerock Homes Trust, Inc. (BHM) reported a net loss of $8.8M for fiscal year 2024.

Dividend & Returns

Yes, Bluerock Homes Trust, Inc. (BHM) pays a dividend with a yield of 10.17%. This makes it attractive for income-focused investors.

Bluerock Homes Trust, Inc. (BHM) has a return on equity (ROE) of 0.0%. This is below average, suggesting room for improvement.

Industry Metrics

Bluerock Homes Trust, Inc. (BHM) generated Funds From Operations (FFO) of $19.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Bluerock Homes Trust, Inc. (BHM) offers a 10.17% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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