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Bluerock Homes Trust, Inc.(BHM)Earnings, Financials & Key Ratios
BHM•AMEX•REIT / Real Estate
Price updated Jun 19, 2026
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$69M+36.9%
- FFO$32M+46.6%
- FFO/Share8.14+45.4%
- FFO Payout0%-100.0%
- FFO per Share8.14+45.4%
- NOI Margin-56.93%-333.5%
- FFO Margin46.07%+7.1%
- ROE0.36%+5750.8%
- ROA0.21%+5338.5%
BHM Key Insights
Bluerock Homes Trust, Inc. (BHM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓FFO growing 34.2% TTM
- ✓Trading at only 0.1x book value
✗Weaknesses
- ✗Low NOI margin of -56.9%
- ✗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.
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BHM Price & Volume
Bluerock Homes Trust, Inc. (BHM) stock price & volume — 10-year historical chart
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BHM Growth Metrics
Bluerock Homes Trust, Inc. (BHM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years56.3%
3 Years17.17%
TTM21.91%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM200.75%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-117.57%
Return on Capital
10 Years-0.8%
5 Years-0.91%
3 Years-2.46%
Last Year-2.4%
BHM Peer Comparison
Bluerock Homes Trust, Inc. (BHM) competitors in Single-family rental home REITs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AMH | 11.52B | 31.71 | 26.87 | 7.95% | 25.19% | 6.07% | 0.66 | |
 INVH | 17.03B | 28.41 | 29.59 | 4.21% | 20.89% | 6.12% | 0.88 | |
 NXRT | 684.45M | 26.97 | -21.40 | -3.24% | -12.67% | -10.13% | 5.18 | |
 UDR | 12.24B | 37.56 | 33.24 | 2.42% | 28.6% | 12.37% | 1.49 | |
 MAA | 15.42B | 132.50 | 35.05 | 0.83% | 18.19% | 6.81% | 0.93 | |
 CPT | 11.41B | 108.99 | 30.79 | 1.92% | 32.81% | 8.71% | 0.88 | |
 AIV | 417.18M | 2.90 | 0.75 | -33.64% | 186.21% | 54.65% | 1.57 | |
 OPEN | 3.43B | 4.47 | -2.63 | -15.18% | -35.25% | -163.25% | 0.19 |
Compare BHM vs Peers
Bluerock Homes Trust, Inc. (BHM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BHM Income Statement
Bluerock Homes Trust, Inc. (BHM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Revenue | 7.37M | 17.82M | 42.73M | 41.09M | 50.21M | 68.73M | 72.02M |
Revenue Growth % | - | 141.82% | 139.8% | -3.84% | 22.2% | 36.88% | 21.91% |
Property Operating Expenses | 970K | 3.78M | 19.17M | 31.5M | 37.97M | 107.86M | 39.19M |
Net Operating Income (NOI) | 6.4M▲ 0% | 14.04M▲ 119.4% | 23.56M▲ 67.8% | 9.59M▼ 59.3% | 12.24M▲ 27.7% | -39.13M▼ 419.6% | 32.83M▲ 0% |
NOI Margin % | 86.84% | 78.79% | 55.13% | 23.34% | 24.38% | -56.93% | 45.59% |
Operating Expenses | 6.91M | 13.65M | 8.49M | 24.34M | 30.61M | -15.87M | 8.32M |
G&A Expenses | 5.01M | 4.54M | 8.49M | 8M | 10.59M | 11.25M | 11.31M |
EBITDA | 15.03M | 10.22M | 31.04M | 4.53M | 3.2M | 6.16M | 55.1M |
EBITDA Margin % | 203.98% | 57.33% | 72.64% | 11.02% | 6.37% | 8.95% | 76.5% |
Depreciation & Amortization | 15.54M | 9.83M | 15.97M | 19.27M | 21.57M | 29.42M | 30.59M |
D&A / Revenue % | 210.91% | 55.15% | 37.37% | 46.91% | 42.95% | 42.8% | 42.47% |
Operating Income | -511K▲ 0% | 389K▲ 176.1% | 15.07M▲ 3774.8% | -14.75M▼ 197.8% | -18.36M▼ 24.5% | -23.26M▼ 26.7% | 24.51M▲ 0% |
Operating Margin % | -6.93% | 2.18% | 35.27% | -35.89% | -36.57% | -33.84% | 34.03% |
Interest Expense | 3.19M | 2.92M | 5.7M | 13.1M | 18.09M | 21.58M | 4M |
Interest Coverage | -3.62x | 1.24x | -0.16x | -0.20x | 0.33x | -0.43x | - |
Non-Operating Income | 11.05M | -3.22M | 16.01M | -12.08M | -24.37M | -13.88M | 37.12M |
Pretax Income | -14.75M▲ 0% | 945K▲ 106.4% | -6.24M▼ 759.9% | -15.77M▼ 152.8% | -12.09M▲ 23.3% | -30.97M▼ 156.1% | -34.2M▲ 0% |
Pretax Margin % | -200.22% | 5.3% | -14.59% | -38.37% | -24.08% | -45.05% | -47.49% |
Income Tax | 0 | 0 | 0 | 0 | 0 | 1.63M | 1.36M |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | -5.27% | -3.98% |
Net Income | -17.73M▲ 0% | 34.33M▲ 293.5% | -1M▼ 102.9% | -4.37M▼ 337.3% | 32K▲ 100.7% | 2.25M▲ 6931.3% | 2.42M▲ 0% |
Net Margin % | -240.67% | 192.62% | -2.34% | -10.64% | 0.06% | 3.27% | 3.35% |
Net Income Growth % | - | 293.54% | -102.91% | -337.3% | 100.73% | 6931.25% | 200.75% |
Funds From Operations (FFO) | -2.19M▲ 0% | 44.15M▲ 2113.3% | 14.97M▼ 66.1% | 14.9M▼ 0.4% | 21.6M▲ 44.9% | 31.67M▲ 46.6% | 33M▲ 0% |
FFO Margin % | -29.76% | 247.77% | 35.03% | 36.26% | 43.01% | 46.07% | 45.82% |
FFO Growth % | - | 2113.32% | -66.1% | -0.44% | 44.93% | 46.62% | 182.38% |
FFO per Share | -0.57 | 11.49 | 3.89 | 3.88 | 5.60 | 8.14 | 8.47 |
FFO Payout Ratio % | 0% | 0% | 457.44% | 0.52% | 17.96% | 0% | 4.58% |
EPS (Diluted) | -4.61▲ 0% | -19.91▼ 331.9% | -0.26▲ 98.7% | -1.30▼ 400.0% | -1.10▲ 15.4% | -3.02▼ 174.5% | 0.62▲ 0% |
EPS Growth % | - | -331.89% | 98.69% | -400% | 15.38% | -174.55% | -117.57% |
EPS (Basic) | -4.61 | -19.91 | -0.26 | -1.30 | -1.10 | -3.02 | - |
Diluted Shares Outstanding | 3.84M | 3.84M | 3.84M | 3.85M | 3.86M | 3.89M | 3.9M |
BHM Balance Sheet
Bluerock Homes Trust, Inc. (BHM) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Assets | 491.78M | 541.46M | 658.89M | 671.62M | 966.99M | 1.15B | 1.14B |
Asset Growth % | - | 10.1% | 21.69% | 1.93% | 43.98% | 19.38% | 105.42% |
Real Estate & Other Assets | 313.93M | 318.08M | 472.13M | 18.89M | 683.63M | 868.39M | -904.16M |
PP&E (Net) | 29.07M | 318.08M | 0 | 446.01M | 0 | 0 | 0 |
Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 107.37M | 181.33M | 100.48M | 142.75M | 198.95M | 217.09M | 198.21M |
Cash & Equivalents | 48.78M | 129.39M | 78.43M | 80.16M | 115.21M | 169.56M | 170.1M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 53.76M | 7.54M | 4.14M | 20.99M | 16.05M | 24.91M | 0 |
Intangible Assets | 0 | 2.52M | 0 | 0 | 2.75M | 7.49M | 5.94M |
Total Liabilities | 307.81M | 79.49M | 166.91M | 192.75M | 398.1M | 462.56M | 448.4M |
Total Debt | 53.91M | 63.01M | 153.19M | 166.67M | 373.78M | 428.39M | 421.54M |
Net Debt | 5.13M | -66.38M | 74.77M | 86.51M | 258.57M | 258.83M | 251.45M |
Long-Term Debt | 53.91M | 63.01M | 98.19M | 145.03M | 252.78M | 428.39M | 389.09M |
Short-Term Borrowings | 0 | 0 | 55M | 21.64M | 121M | 0 | 28.52M |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 3.93M |
Total Current Liabilities | 253.91M | 16.49M | 68.71M | 47.72M | 145.32M | 34.17M | 28.52M |
Accounts Payable | 169K | 2.09M | 1.75M | 691K | 803K | 1.13M | 756K |
Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 26.86M |
Total Equity | 183.97M▲ 0% | 461.97M▲ 151.1% | 491.99M▲ 6.5% | 478.87M▼ 2.7% | 568.89M▲ 18.8% | 691.84M▲ 21.6% | 694.54M▲ 0% |
Equity Growth % | - | 151.11% | 6.5% | -2.67% | 18.8% | 21.61% | 72.56% |
Shareholders Equity | 179.58M | 440.09M | 159.99M | 155.62M | 241.23M | 270.86M | 274.08M |
Minority Interest | 4.39M | 21.88M | 332M | 323.25M | 327.66M | 420.98M | 420.46M |
Common Stock | 179.58M | 116.51M | 38K | 39K | 40K | 40K | 40K |
Additional Paid-in Capital | 0 | 0 | 126.62M | 122.37M | 118.5M | 121.49M | 121.5M |
Retained Earnings | 0 | 150.84M | 33.33M | 24.94M | 20.71M | 7.2M | 3.26M |
Preferred Stock | 0 | 150.84M | 0 | 8.27M | 102.15M | 142.12M | 149.24M |
Return on Assets (ROA) | -3.61% | 6.64% | -0.17% | -0.66% | 0% | 0.21% | 0.22% |
Return on Equity (ROE) | -9.64% | 10.63% | -0.21% | -0.9% | 0.01% | 0.36% | 0.37% |
Debt / Assets | 10.96% | 11.64% | 23.25% | 24.82% | 38.65% | 37.11% | 36.88% |
Debt / Equity | 0.29x | 0.14x | 0.31x | 0.35x | 0.66x | 0.62x | 0.61x |
Net Debt / EBITDA | 0.34x | -6.50x | 2.41x | 19.11x | 80.78x | 42.05x | 4.56x |
Book Value per Share | 47.87 | 120.20 | 128.01 | 124.53 | 147.53 | 177.88 | 178.17 |
BHM Cash Flow Statement
Bluerock Homes Trust, Inc. (BHM) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | 14.59M | 9.81M | 3.5M | 13.88M | 9.06M | 27.76M | 18.36M |
Operating CF Growth % | - | -32.76% | -64.34% | 296.8% | -34.74% | 206.5% | 597.04% |
Operating CF / Revenue % | 197.96% | 55.04% | 8.19% | 33.78% | 18.04% | 40.39% | 25.49% |
Net Income | -17.53M | 111.8M | -5.92M | -15.77M | -12.09M | -29.33M | 2.42M |
Depreciation & Amortization | 15.54M | 9.83M | 18.77M | 19.27M | 21.57M | 31.69M | 33.07M |
Stock-Based Compensation | 0 | 0 | 872K | 11.86M | 9.96M | 3.99M | 4.75M |
Other Non-Cash Items | 14.92M | -109.56M | -10.53M | -2.41M | -12.6M | 18.43M | 21.54M |
Working Capital Changes | 1.66M | -2.26M | 309K | 925K | 2.22M | 2.98M | -5.43M |
Cash from Investing | -6.49M | 158.05M | -177.18M | -25.72M | -224.92M | -169.45M | -182.04M |
Acquisitions (Net) | -3.06M | 1.47M | -46.72M | 3.28M | 0 | 0 | 22.73M |
Purchase of Investments | -22.92M | -265.82M | -204.17M | -22.56M | -19.79M | 0 | -48.02M |
Sale of Investments | 0 | 0 | 45.65M | 25.84M | 16.24M | 22.01M | 35.08M |
Other Investing | 21M | 424.1M | 46.72M | -22.75M | -212.06M | -174.1M | -174.46M |
Cash from Financing | 29.56M | -84.46M | 119.31M | 15.66M | 260.72M | 204.9M | 204.54M |
Dividends Paid | 0 | 0 | -68.47M | -78K | -7.34M | 0 | -8.56M |
Common Dividends | 0 | 0 | -68.47M | 0 | -3.88M | 0 | -1.51M |
Debt Issuance (Net) | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 2M |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | -872K | -364K |
Other Financing | 22.96M | 164.99M | 96.66M | -6.43M | -11.94M | 116.39M | 101.03M |
Net Change in Cash | 37.66M▲ 0% | 83.4M▲ 121.5% | -54.37M▼ 165.2% | 3.82M▲ 107.0% | 44.86M▲ 1073.7% | 63.22M▲ 40.9% | 40.86M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 15.87M | 53.53M | 136.93M | 82.56M | 86.38M | 131.24M | 194.46M |
Cash at End | 53.53M | 136.93M | 82.56M | 86.38M | 131.24M | 194.46M | 191.55M |
Free Cash Flow | 13.08M▲ 0% | 8.11M▼ 38.0% | -15.15M▼ 286.9% | 4.35M▲ 128.7% | -253K▼ 105.8% | 10.4M▲ 4211.9% | 995K▲ 0% |
FCF Growth % | - | -38.01% | -286.88% | 128.73% | -105.81% | 4211.86% | 139.53% |
FCF / Revenue % | 177.46% | 45.49% | -35.45% | 10.59% | -0.5% | 15.14% | 1.38% |
BHM Key Ratios
Bluerock Homes Trust, Inc. (BHM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
FFO per Share | 11.49 | 3.89 | 3.88 | 5.6 | 8.14 | 8.47 |
FFO Payout Ratio | 0% | 457.44% | 0.52% | 17.96% | 0% | 4.58% |
NOI Margin | 78.79% | 55.13% | 23.34% | 24.38% | -56.93% | 45.59% |
Net Debt / EBITDA | -6.50x | 2.41x | 19.11x | 80.78x | 42.05x | 4.56x |
Debt / Assets | 11.64% | 23.25% | 24.82% | 38.65% | 37.11% | 36.88% |
Interest Coverage | 1.24x | -0.16x | -0.20x | 0.33x | -0.43x | - |
Book Value / Share | 120.2 | 128.01 | 124.53 | 147.53 | 177.88 | 178.17 |
Revenue Growth | 141.82% | 139.8% | -3.84% | 22.2% | 36.88% | 21.91% |
Related:BHM Dividend History·BHM Revenue History·BHM Price History·BHM P/E History·BHM Financial Ratios·BHM Institutional Holders
BHM SEC Filings & Documents
Bluerock Homes Trust, Inc. (BHM) SEC filings — annual & quarterly reports (10-K, 10-Q)
BHM Frequently Asked Questions
Bluerock Homes Trust, Inc. (BHM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Bluerock Homes Trust, Inc. (BHM) reported $72.0M in revenue for fiscal year 2025. This represents a 877% increase from $7.4M in 2020.
Bluerock Homes Trust, Inc. (BHM) grew revenue by 36.9% over the past year. This is strong growth.
Yes, Bluerock Homes Trust, Inc. (BHM) is profitable, generating $2.4M in net income for fiscal year 2025 (3.3% net margin).
Dividend & Returns
Bluerock Homes Trust, Inc. (BHM) has a return on equity (ROE) of 0.4%. This is below average, suggesting room for improvement.
Industry Metrics
Bluerock Homes Trust, Inc. (BHM) generated Funds From Operations (FFO) of $33.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.