NEW YORK, May 3, 2024 /PRNewswire/ -- Bluerock Homes Trust, Inc. (NYSE American: BHM) (the "Company") today announced that its Board of Directors (the "Board") has authorized the payment of a new special dividend (the "Series A Preferred Special Dividends") with respect to the Company's Series A Redeemable Preferred Stock (the "Series A Preferred Stock") replacing its previously announced special dividend. The Company intends to pay the Series A Preferred Special Dividends which will be seamlessly aggregate ...

NEW YORK, April 12, 2024 /PRNewswire/ -- Bluerock Homes Trust, Inc. (NYSE American: BHM) (the "Company") today announced that its Board of Directors has authorized and the Company has declared monthly cash dividends on the Company's Series A Redeemable Preferred Stock (the "Series A Preferred Stock") for the second quarter of 2024, equal to a quarterly rate of $0.375 per share (the "Series A Preferred Dividends"). The Series A Preferred Dividends will be payable in cash as follows: accrued but unpaid divide ...

NEW YORK, March 13, 2024 /PRNewswire/ -- Bluerock Homes Trust, Inc. (NYSE American: BHM) (the "Company") today announced that its Board of Directors has established June 13, 2024 as the date of its 2024 annual meeting of stockholders. The Board of Directors has established April 12, 2024 as the record date for the determination of stockholders entitled to vote at the meeting. About Bluerock Homes Trust, Inc.Bluerock Homes Trust, Inc. (NYSE American: BHM), headquartered in New York, New York, is an externall ...

Real Estate Investments - As of December 31, 2023, the company held 18 real estate investments, comprising 4,059 residential units, with a consolidated operating occupancy rate of approximately 94.1%[147] - The company has acquired scattered-site homes with year one nominal cap rates exceeding 5% and gross rental yields exceeding 9%[134] - In 2023, the company acquired Savannah-84, increasing ownership from 80% to 100%, with 18 units added[163] - In 2023, the company sold 1 unit of Golden Pacific in May and 1 unit in October, both with a 97% ownership interest[165] Growth Strategy - The company aims to achieve sustainable long-term growth in funds from operations (FFO) and net asset value (NAV) by assembling a portfolio of pre-existing single-family rental homes and developing build-to-rent communities targeting middle-income renters[152] - The company intends to sell properties opportunistically to harvest profits and reinvest proceeds, maximizing stockholder value[155] - The company plans to commence construction on the Abode Wendell Falls project in Q2 2024, with an estimated total project cost of $56.0 million, of which $6.5 million has been incurred as of December 31, 2023[163] Financial Management - The company has a $150 million revolving credit facility to meet primary liquidity requirements, which may limit its ability to fully execute its business plan[125] - The company has utilized mortgage and other indebtedness to finance operations, which increases business risk[126] - The fair value of mortgages payable is estimated at $93.0 million as of December 31, 2023[717] - The company has interest rate caps and swaps covering $94.0 million of its debt to manage interest rate risk[718] - The company evaluates operating performance based on NOI, which excludes corporate level expenses[174] REIT Compliance - The company is required to distribute at least 90% of its REIT taxable income to maintain its REIT status, failing which it would be subject to corporate-level taxation[143] - The company intends to maintain its REIT qualification by distributing at least 90% of its REIT taxable income[166] Operational Efficiency - The company plans to implement a technology-aided platform, including a data warehouse for real-time visibility into leasing and maintenance metrics, to enhance operational efficiency and drive net operating income (NOI) margin expansion[161] - The company has a stock repurchase plan in place to manage market risk[716] - The company’s disclosure controls and procedures were deemed effective as of December 31, 2023[721] Management and Risk Factors - The company has a limited operating history as a REIT, making future performance difficult to predict[132] - The company relies on key personnel from its external manager, and their departure could materially affect its business[137]

NEW YORK, Feb. 22, 2024 /PRNewswire/ -- Bluerock Homes Trust, Inc. (NYSE American: BHM) (the "Company") today announced that its Board of Directors has authorized a new plan for the repurchase of up to $5.0 million of its outstanding shares of Class A common stock (the "Class A Common Stock"). The repurchase plan will be conducted in accordance with the requirements of Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and subject to Rule 10b-5 of the Exchange Act. The repur ...

jimfengBluerock Homes Trust (NYSE:BHM) is a single-family residential REIT that was spun off from Bluerock Residential Growth REIT, Inc. after Bluerock Residential Growth REIT was acquired by Blackstone for $3.6 billion in October 2022. Bluerock Homes owns a portfolio of high-quality single-family homes primarily in the Sunbelt states and Western United States. Per the most recent quarterly report, Bluerock owned roughly 4,000 properties through its operating and preferred equity investments. Bluerock H ...

NEW YORK, Jan. 31, 2024 /PRNewswire/ -- The income tax treatment for 2023 dividends for Bluerock Homes Trust, Inc.'s Class A common stock, traded on the NYSE American Exchange under ticker symbol BHM, and Class C common stock, are as follows (as reported on Form 1099-DIV).  Class A common stock, CUSIP #09631H100, and Class C common stock. Class A & C Common Stock Record Date Payable Date  Distribution Rate Per Share Ordinary Dividend Rate Non-Dividend Rate Total Capital Gains Rat ...

NEW YORK, Jan. 16, 2024 /PRNewswire/ -- Bluerock Homes Trust, Inc. (NYSE American: BHM) (the "Company") today announced that its Board of Directors has authorized and the Company has declared monthly cash dividends on the Company's Series A Redeemable Preferred Stock (the "Series A Preferred Stock") for the first quarter of 2024, equal to a quarterly rate of $0.375 per share (the "Series A Preferred Dividends"). The Series A Preferred Dividends will be payable in cash as follows: accrued but unpaid dividend ...

Revenue Growth - Rental and other property revenues increased by $1.6 million, or 18%, to $10.2 million for the three months ended September 30, 2023, compared to $8.6 million for the same prior year period, primarily due to unit count growth of 137 units [373]. - For the nine months ended September 30, 2023, rental and other property revenues increased by $7.5 million, or 32%, to $30.6 million compared to $23.1 million for the same prior year period, driven by unit count growth of 542 units [377]. - Total property income for the nine months ended September 30, 2023, was $12,589 million, an increase from $7,744 million in the prior year [383]. Operating Performance - As of September 30, 2023, consolidated operating investments were approximately 94.4% occupied, with a total of 3,996 residential units across 17 investments [366]. - Net operating income for the three months ended September 30, 2023, was $5,089 million, compared to $4,168 million for the same period in 2022 [383]. - Cash flows from operating activities for the nine months ended September 30, 2023, were $15,269,000, compared to $9,156,000 for the same period in 2022 [425]. Expenses - General and administrative expenses amounted to $5.5 million for the nine months ended September 30, 2023, compared to $5.0 million for the same prior year period [379]. - Property operating expenses increased by $3.2 million, or 29%, to $14.2 million for the nine months ended September 30, 2023, compared to $11.0 million for the same period in 2022 [409]. - Acquisition and other transaction costs amounted to $1.8 million for the nine months ended September 30, 2023, compared to $0.1 million for the same prior year period [410]. Financial Position - The total stockholders' equity decreased by $4.9 million from $160.0 million as of December 31, 2022, to $155.1 million as of September 30, 2023 [401]. - The fair value of mortgages payable was estimated at $91.9 million as of September 30, 2023 [273]. - The weighted average interest rate on mortgage notes payable was 4.21% as of September 30, 2023 [429]. Net Income and Loss - For the three months ended September 30, 2023, the net loss attributable to common stockholders was $(1,068) million, compared to a net income of $287 million for the same period in 2022 [383]. - The net loss attributable to common stockholders for the three months ended September 30, 2023, was $1,068,000, compared to a net income of $287,000 for the same period in 2022 [425]. - Funds from operations (FFO) attributable to common stockholders for the three months ended September 30, 2023, were $430,000, down from $3,598,000 in the same period last year [425]. Investment Activities - The acquisition of 18 single-family residential units in Savannah, Georgia was completed on February 23, 2023, for a purchase price of approximately $4.2 million, fully funded in cash [357]. - The company funded approximately $7.5 million of preferred equity investments in various joint ventures during the nine months ended September 30, 2023 [400]. - The company anticipates improvements in results from its existing portfolio due to future investments in single-family residential properties and build-to-rent developments [415]. Market Conditions and Future Outlook - The company continues to monitor inflation and rising interest rates, which could negatively impact residents' ability to pay rents and overall results of operations [355]. - The company plans to continue monitoring debt markets and access advantageous borrowings as market conditions permit [387]. - The company expects to meet its liquidity requirements for the next 12 months through available cash balances, cash flows from operations, and proceeds from various financing arrangements [415]. - The company may supplement its capital for short-term liquidity needs through potential offerings of common and preferred stock, depending on market conditions [416]. Dividends and Stock Offerings - The company filed a prospectus supplement offering a maximum of 20,000,000 shares of 6.0% Series A Redeemable Preferred Stock at $25.00 per share, aiming for a maximum offering amount of $500 million [370]. - The company intends to maintain its qualification as a REIT by distributing at least 90% of its REIT taxable income to stockholders annually [367]. - The company plans to maintain monthly dividends on its Series A Preferred Stock, with future distributions potentially coming from various sources including cash flow from operations and asset sales [419]. Interest Income - Interest income from loan investments decreased by $0.1 million, or 100%, to zero for the three months ended September 30, 2023, due to the payoff of one loan since September 30, 2022 [363]. - Interest income from loan investments decreased by $1.3 million, or 100%, to zero for the nine months ended September 30, 2023, due to the payoff of two loans in 2022 [408]. Interest Rate Sensitivity - A 100-basis point change in interest rates would affect interest expense by approximately $50,000 for the quarter ended September 30, 2023 [430]. - The average occupancy rate across properties was 94.4% [402].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ______ Commission File Number 001-41322 BLUEROCK HOMES TRUST, INC. (Exact name of registrant as specified in its charter) Marylan ...