Bluerock Homes Trust, Inc. (BHM) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BHM SEC filings page.
Bluerock Homes Trust, Inc. (BHM) reported $74.5M in revenue over the twelve months to Jun 30, 2026, up 24.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Debt-funded asset expansion is Bluerock Homes Trust's dominant mechanic, with cash flow improving while accounting losses deepen.
In FY2025, operating cash flow was$27.8M despite a net loss of$32.6M . Free cash flow reached$10.4M ; that gap with accounting earnings is consistent with noncash depreciation and amortization of$31.7M , so reported profitability understates the period's cash generation.
Debt to equity rose from 1.8x in FY2024 to 3.3x in FY2025. Long-term debt climbed from
FY2025 investing cash outflow was
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Bluerock Homes Trust, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Bluerock Homes Trust, Inc. scores 31/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Bluerock Homes Trust, Inc. scores 4/100 on it among other REITs.
Not available for Bluerock Homes Trust, Inc., and counted as zero in the overall score.
Not available for Bluerock Homes Trust, Inc., and counted as zero in the overall score.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Bluerock Homes Trust, Inc. scores 15/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Bluerock Homes Trust, Inc. scores 19/100 on it among other REITs.
Bluerock Homes Trust, Inc. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Bluerock Homes Trust, Inc. reported a net loss of $32.6M while generating $27.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Bluerock Homes Trust, Inc. generated $19.3M in revenue in Q2 2026. This represents an increase of 15.0% from the same quarter a year earlier. Against the prior quarter it is down 1.9%.
Bluerock Homes Trust, Inc. reported -$9.0M in net income in Q2 2026. This represents a decrease of 53.8% from the same quarter a year earlier. Against the prior quarter it is up 13.0%.
Bluerock Homes Trust, Inc. earned -$0.90 per diluted share (EPS) in Q2 2026. This represents a decrease of 36.4% from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Cash & Balance Sheet
Bluerock Homes Trust, Inc. recorded an outflow of $2.5M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 127.7% from the same quarter a year earlier. Against the prior quarter it is up 79.8%.
Bluerock Homes Trust, Inc. held $172.1M in cash against $421.9M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Bluerock Homes Trust, Inc.'s net profit margin was -46.4% in Q2 2026, showing the share of revenue converted to profit. This is down 11.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.9 percentage points.
Bluerock Homes Trust, Inc.'s ROE was -7.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Bluerock Homes Trust, Inc. invested $5.3M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 3.5% from the same quarter a year earlier. Against the prior quarter it is up 36.7%.
Not reported for Q2 2026.
Not reported for Q2 2026.
BHM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.3M+15.0% | $19.7M+20.0% | $18.9M+36.9% | $16.6M+30.7% | $16.8M+34.2% | $16.4M+46.9% | $13.8M+31.5% | $12.7M+24.8% |
| SG&A Expenses | $2.5M-5.4% | $3.1M+1.9% | $2.8M-0.5% | $2.7M+10.4% | $2.7M+9.4% | $3.1M+6.6% | $2.8M+11.7% | $2.5M+46.3% |
| Interest Expense | $6.5M+15.2% | $6.5M+4.4% | $6.5M+22.6% | $5.7M+8.3% | $5.6M+38.7% | $6.2M+76.9% | $5.3M+20.2% | $5.2M+50.0% |
| Income Tax | N/A | $76K-78.0% | $260K | $400K | $626K | $346K | N/A | N/A |
| Net Income | -$9.0M-53.8% | -$10.3M-40.5% | -$9.5M-29.9% | -$10.0M-380.8% | -$5.8M-12.7% | -$7.3M-131.2% | -$7.3M+29.0% | $3.5M+198.0% |
| EPS (Basic) | -$0.90-36.4% | -$0.90-34.3% | N/A | -$0.94-491.7% | -$0.66-57.1% | -$0.67-148.1% | -$0.65-22.6% | $0.24+185.7% |
| EPS (Diluted) | -$0.90-36.4% | -$0.90-34.3% | -$0.75-15.4% | -$0.94-491.7% | -$0.66-57.1% | -$0.67-148.1% | -$0.65 | $0.24+185.7% |
| Diluted Shares (Avg) | 4M+1.2% | 4M+0.9% | N/A | 4M+0.7% | 4M+1.1% | 4M+0.4% | N/A | 4M+0.7% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
BHM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+420.8% | $1.1B+513.7% | $1.2B+19.4% | $222.1M-72.3% | $220.3M-70.9% | $186.2M-74.4% | $967.0M+44.0% | $800.8M+19.4% |
| Cash & Equivalents | $172.1M+34.9% | $170.1M+26.2% | $169.6M+47.2% | $2.1M-98.6% | $127.6M+10.0% | $134.7M+46.1% | $115.2M+43.7% | $155.1M+73.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.0B+1107.3% | $1.0B+1972.5% | $1.0B+23.9% | $90.4M-86.3% | $85.0M-86.1% | $49.1M-91.6% | $827.9M+57.9% | $657.9M+27.6% |
| Long-Term Debt | $421.9M | $416.8M | $428.4M+69.5% | N/A | N/A | N/A | $252.8M+161.5% | $122.5M+26.2% |
| Total Equity | $120.9M-10.6% | $124.8M-9.0% | $128.7M-7.4% | $131.7M-7.8% | $135.3M-5.1% | $137.1M-5.1% | $139.1M-5.6% | $142.9M-7.8% |
| Retained Earnings | -$737K-105.0% | $3.3M-81.6% | $7.2M-65.2% | $10.6M | $14.7M | $17.7M | $20.7M-17.0% | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.
BHM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.8M-80.3% | -$8.5M-988.9% | -$491K-109.8% | $13.2M+686.3% | $14.1M+1013.4% | $951K-14.1% | $5.0M-29.4% | $1.7M-64.0% |
| Depreciation & Amortization | $7.9M+9.7% | $8.9M+8.4% | $8.5M+25.6% | $6.8M+38.3% | $7.2M+49.1% | $8.2M+88.3% | $6.8M+35.8% | $4.9M+19.1% |
| Capital Expenditures | $5.3M+3.5% | $3.8M+0.1% | $3.7M+9.6% | $4.7M+107.2% | $5.1M+165.2% | $3.8M+121.4% | $3.4M+45.0% | $2.3M+13.5% |
| Free Cash Flow | -$2.5M-127.7% | -$12.3M-325.1% | -$4.2M-356.6% | $8.5M+1515.5% | $9.0M+1472.8% | -$2.9M-359.4% | $1.6M-65.8% | -$601K-122.5% |
| Investing Cash Flow | -$9.8M+78.3% | $6.4M-66.4% | -$60.4M+70.2% | -$83.1M-3116.7% | -$45.0M-660.7% | $19.0M+198.4% | -$202.5M-874.3% | $2.8M+54.6% |
| Financing Cash Flow | $10.2M-59.6% | -$841K-75.2% | $72.1M-56.0% | $108.0M+193.4% | $25.3M-13.0% | -$480K-101.6% | $163.9M+3548.9% | $36.8M+1125.3% |
| Dividends Paid | $4.4M+11.4% | $4.2M+38.2% | $4.2M+132.7% | $4.1M+188.1% | $3.9M+595.4% | $3.1M-21.2% | $1.8M-85.6% | $1.4M+11666.7% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.
BHM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -46.4%-11.7pp | -52.3%-7.6pp | -50.1%+2.7pp | -60.0%-87.9pp | -34.7%+6.6pp | -44.7%-16.3pp | -52.8%+45.0pp | 27.9%+63.5pp |
| Return on Equity | -7.4%-3.1pp | -8.3%-2.9pp | -7.4%-2.1pp | -7.6%-10.0pp | -4.3%-0.7pp | -5.3%-3.2pp | -5.2%+1.7pp | 2.5%+4.8pp |
| Return on Assets | -0.8%+1.9pp | -0.9%+3.0pp | -0.8%-0.1pp | -4.5%-4.9pp | -2.6%-2.0pp | -3.9%-3.5pp | -0.8%+0.8pp | 0.4%+1.0pp |
| Debt-to-Equity | 3.49+2.9x | 3.34+3.0x | 3.33+1.5x | 0.69-0.2x | 0.63-0.2x | 0.36-0.5x | 1.82+1.2x | 0.86+0.2x |
| Asset Turnover | 0.02-0.1x | 0.02-0.1x | 0.020.0x | 0.07+0.1x | 0.08+0.1x | 0.09+0.1x | 0.010.0x | 0.020.0x |
| FCF Margin | -12.9%-66.3pp | -62.4%-44.8pp | -22.1%-34.0pp | 51.2%+56.0pp | 53.4%+58.7pp | -17.6%-12.0pp | 11.8%-33.6pp | -4.7%-30.9pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Bluerock Homes Trust, Inc. BHM | FY2025 | $68.7M | -$32.6M | -47.4% | $34.9M | 12/100 |
| Clipper Realty Inc. CLPR | FY2025 | $153.2M | -$52.3M | -34.2% | $52.0M | 11/100 |
| BRT Apartments Corp BRT | FY2025 | $97.0M | -$11.9M | -12.3% | $266.7M | 18/100 |
| NexPoint Residential Trust Inc NXRT | FY2025 | $251.3M | -$32.2M | -12.8% | $582.3M | 35/100 |
| Elme Communities ELME | FY2024 | $241.9M | -$13.1M | -5.4% | $147.5M | 49/100 |
| UMH Properties, Inc. UMH | FY2025 | $261.8M | $6.0M | 2.3% | $1.3B | 35/100 |
Where Bluerock Homes Trust, Inc. Ranks
Frequently Asked Questions
What is Bluerock Homes Trust, Inc.'s annual revenue?
Bluerock Homes Trust, Inc. (BHM) reported $68.7M in total revenue for fiscal year 2025. This represents a 36.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bluerock Homes Trust, Inc.'s revenue growing?
Bluerock Homes Trust, Inc. (BHM) revenue grew by 36.9% year-over-year, from $50.2M to $68.7M in fiscal year 2025.
Is Bluerock Homes Trust, Inc. profitable?
No, Bluerock Homes Trust, Inc. (BHM) reported a net income of -$32.6M in fiscal year 2025, with a net profit margin of -47.4%.
How much debt does Bluerock Homes Trust, Inc. have?
As of fiscal year 2025, Bluerock Homes Trust, Inc. (BHM) had $169.6M in cash and equivalents against $428.4M in long-term debt.
What is Bluerock Homes Trust, Inc.'s net profit margin?
Bluerock Homes Trust, Inc. (BHM) had a net profit margin of -47.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Bluerock Homes Trust, Inc.'s return on equity (ROE)?
Bluerock Homes Trust, Inc. (BHM) has a return on equity of -25.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bluerock Homes Trust, Inc.'s free cash flow?
Bluerock Homes Trust, Inc. (BHM) generated $10.4M in free cash flow during fiscal year 2025. This represents a 4211.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bluerock Homes Trust, Inc.'s operating cash flow?
Bluerock Homes Trust, Inc. (BHM) generated $27.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bluerock Homes Trust, Inc.'s total assets?
Bluerock Homes Trust, Inc. (BHM) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bluerock Homes Trust, Inc.'s capital expenditures?
Bluerock Homes Trust, Inc. (BHM) invested $17.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bluerock Homes Trust, Inc.'s debt-to-equity ratio?
Bluerock Homes Trust, Inc. (BHM) had a debt-to-equity ratio of 3.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bluerock Homes Trust, Inc.'s return on assets (ROA)?
Bluerock Homes Trust, Inc. (BHM) had a return on assets of -2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bluerock Homes Trust, Inc.'s P/E ratio?
Bluerock Homes Trust, Inc. (BHM) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $34.9M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Bluerock Homes Trust, Inc.'s price-to-sales ratio?
Bluerock Homes Trust, Inc. (BHM) trades at 0.5x sales, its market capitalization divided by revenue of $74.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $34.9M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Bluerock Homes Trust, Inc.'s Piotroski F-Score?
Bluerock Homes Trust, Inc. (BHM) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bluerock Homes Trust, Inc.'s earnings high quality?
Bluerock Homes Trust, Inc. (BHM) reported a net loss of $32.6M while generating $27.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Bluerock Homes Trust, Inc.?
Bluerock Homes Trust, Inc. (BHM) scores 12 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.