Bluerock Residential Growth REIT Announces First Quarter 2021 Results
NEW YORK , May 10, 2021 |PRNewswire| -- Bluerock Residential Growth REIT, Inc. (NYSE: BRG ) ("the Company"), an owner of highly amenitized multifamily apartment communities, announced today its financial results for the quarter ended March 31, 2021 . "We are encouraged by the substantial sequential reacceleration of rent growth and year over year improvement in same store occupancy which reflect a high-quality affordable Class A portfolio of highly amenitized live|work|play apartment communities," said Ramin Kamfar , Company Chairman and CEO. "Our strategy of maintaining occupancy over the past year, along with the favorable positioning of our portfolio, is allowing us to achieve industry-leading lease rate growth." First Quarter Highlights Financial Results Net income attributable to common stockholders for the first quarter of 2021 was $23.6 million or $1.00 per diluted share, as compared to net loss attributable to common stockholders of ($16.5) million or ($0.70) per diluted share in the prior year period.
Bluerock Residential Growth REIT Announces First Quarter 2021 Results
NEW YORK , May 10, 2021 |PRNewswire| -- Bluerock Residential Growth REIT, Inc. (NYSE: BRG ) ("the Company"), an owner of highly amenitized multifamily apartment communities, announced today its financial results for the quarter ended March 31, 2021 . "We are encouraged by the substantial sequential reacceleration of rent growth and year over year improvement in same store occupancy which reflect a high-quality affordable Class A portfolio of highly amenitized live|work|play apartment communities," said Ramin Kamfar , Company Chairman and CEO. "Our strategy of maintaining occupancy over the past year, along with the favorable positioning of our portfolio, is allowing us to achieve industry-leading lease rate growth." First Quarter Highlights Financial Results Net income attributable to common stockholders for the first quarter of 2021 was $23.6 million or $1.00 per diluted share, as compared to net loss attributable to common stockholders of ($16.5) million or ($0.70) per diluted share in the prior year period.