The company maintains a conservative capital structure with a 0.61 debt-to-equity ratio and $170.1 million in cash, though the absence of reported net PPE suggests a shift toward non-traditional asset classes.
| Total Assets | 1.14B | 1.15B | 966.99M | 671.62M | 658.89M | 541.46M | 491.78M |
| Asset Growth % | 105.42% | 19.38% | 43.98% | 1.93% | 21.69% | 10.1% | - |
| Real Estate & Other Assets | -904.16M | 868.39M | 683.63M | 18.89M | 472.13M | 318.08M | 313.93M |
| PP&E (Net) | 0 | 0 | 0 | 446.01M | 0 | 318.08M | 29.07M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 198.21M | 217.09M | 198.95M | 142.75M | 100.48M | 181.33M | 107.37M |
| Cash & Equivalents | 170.1M | 169.56M | 115.21M | 80.16M | 78.43M | 129.39M | 48.78M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 24.91M | 16.05M | 20.99M | 4.14M | 7.54M | 53.76M |
| Intangible Assets | 5.94M | 7.49M | 2.75M | 0 | 0 | 2.52M | 0 |
| Total Liabilities | 448.4M | 462.56M | 398.1M | 192.75M | 166.91M | 79.49M | 307.81M |
| Total Debt | 421.54M | 428.39M | 373.78M | 166.67M | 153.19M | 63.01M | 53.91M |
| Net Debt | 251.45M | 258.83M | 258.57M | 86.51M | 74.77M | -66.38M | 5.13M |
| Long-Term Debt | 389.09M | 428.39M | 252.78M | 145.03M | 98.19M | 63.01M | 53.91M |
| Short-Term Borrowings | 28.52M | 0 | 121M | 21.64M | 55M | 0 | 0 |
| Capital Lease Obligations | 3.93M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 28.52M | 34.17M | 145.32M | 47.72M | 68.71M | 16.49M | 253.91M |
| Accounts Payable | 756K | 1.13M | 803K | 691K | 1.75M | 2.09M | 169K |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 26.86M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Equity | 694.54M | 691.84M | 568.89M | 478.87M | 491.99M | 461.97M | 183.97M |
| Equity Growth % | 72.56% | 21.61% | 18.8% | -2.67% | 6.5% | 151.11% | - |
| Shareholders Equity | 274.08M | 270.86M | 241.23M | 155.62M | 159.99M | 440.09M | 179.58M |
| Minority Interest | 420.46M | 420.98M | 327.66M | 323.25M | 332M | 21.88M | 4.39M |
| Common Stock | 40K | 40K | 40K | 39K | 38K | 116.51M | 179.58M |
| Additional Paid-in Capital | 121.5M | 121.49M | 118.5M | 122.37M | 126.62M | 0 | 0 |
| Retained Earnings | 3.26M | 7.2M | 20.71M | 24.94M | 33.33M | 150.84M | 0 |
| Preferred Stock | 149.24M | 142.12M | 102.15M | 8.27M | 0 | 150.84M | 0 |
| Return on Assets (ROA) | 0.22% | 0.21% | 0% | -0.66% | -0.17% | 6.64% | -3.61% |
| Return on Equity (ROE) | 0.37% | 0.36% | 0.01% | -0.9% | -0.21% | 10.63% | -9.64% |
| Debt / Assets | 36.88% | 37.11% | 38.65% | 24.82% | 23.25% | 11.64% | 10.96% |
| Debt / Equity | 0.61x | 0.62x | 0.66x | 0.35x | 0.31x | 0.14x | 0.29x |
| Net Debt / EBITDA | 4.56x | 42.05x | 80.78x | 19.11x | 2.41x | -6.50x | 0.34x |
| Book Value per Share | 178.17 | 177.88 | 147.53 | 124.53 | 128.01 | 120.20 | 47.87 |
Sunbelt insurance cost inflation
According to the latest quarterly filings, BHM has expanded its total assets to $1.1 billion as of 2026Q1, yet the absence of reported net property, plant, and equipment suggests a transition toward a more liquid, investment-heavy balance sheet rather than a traditional stabilized property portfolio.
The shift away from direct property ownership on the balance sheet implies that management may be prioritizing financial flexibility over long-term asset accumulation. Investors should monitor whether this capital-light approach is a temporary strategic pivot or a permanent departure from the core single-family rental business model.
As reported in financial statements, BHM maintains a debt-to-equity ratio of 0.61 as of 2026Q1, which remains notably lower than larger institutional peers and suggests a balance sheet that is currently insulated from the immediate pressures of high-interest-rate debt refinancing cycles.
This moderate leverage profile provides the company with significant dry powder to navigate market volatility or pursue opportunistic acquisitions in the Sunbelt. However, the reliance on debt to fund growth in a high-cost environment warrants further investigation into the maturity ladder and potential exposure to floating-rate debt.
Based on the 2026Q1 balance sheet, BHM holds $170.1 million in cash, a figure that represents a significant portion of total assets and provides a robust liquidity buffer that appears to exceed the immediate funding requirements of its current residential portfolio operations.
The accumulation of such a large cash position suggests that management is maintaining a defensive posture, potentially waiting for more favorable entry points in the Sunbelt housing market. While this liquidity is a strength, it may also drag on overall return on equity if the capital remains uninvested for an extended period.
Analysis of the provided data indicates that the total absence of net property, plant, and equipment in recent quarters, despite a $1.1 billion asset base, suggests that BHM's balance sheet is heavily weighted toward financial instruments or non-physical assets that may carry different risk profiles than traditional real estate.
This structural anomaly raises questions regarding the underlying quality of the assets and whether they provide the same inflation-hedging characteristics as physical residential properties. Investors should monitor the composition of these assets to ensure they do not mask credit risks associated with mezzanine or preferred equity investments.
Quick answers to the most common questions about buying BHM stock.
As of 2025, Bluerock Homes Trust, Inc. (BHM) had total assets of $1.15B including $217.1M in current assets.
Bluerock Homes Trust, Inc. (BHM) carries total debt of $428.4M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Bluerock Homes Trust, Inc. (BHM) has total shareholders' equity (book value) of $270.9M ($177.88 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Bluerock Homes Trust, Inc. (BHM) reported a current ratio of 6.35x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.