Bluerock Homes Trust (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 Oct 28, 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).
Bluerock Homes is expanding an asset-heavy platform with debt, while modest reported earnings increasingly depend on non-cash items.
Cash conversion diverged sharply from reported profit: operating cash flow was$27.8M against net income of$2.3M , so cash generation was not explained by bottom-line earnings alone. After$17.4M of capital expenditures, free cash flow was$10.4M , showing that reinvestment still left positive cash generation in FY2025.
The balance sheet is becoming more debt-funded: long-term debt rose
Revenue rose
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. 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 77/100 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 87/100 on it among other REITs.
Not available for Bluerock Homes Trust, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Not available for Bluerock Homes Trust, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
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 60/100 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 99/100 on it among other REITs.
Bluerock Homes Trust, Inc. passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, Bluerock Homes Trust, Inc. generates $12.34 in operating cash flow ($27.8M OCF vs $2.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
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 $808K in net income in Q2 2026. This represents a decrease of 22.5% from the same quarter a year earlier. Against the prior quarter it is up 378.1%.
Bluerock Homes Trust, Inc. earned -$0.90 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
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. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
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 4.2% in Q2 2026, showing the share of revenue converted to profit. This is down 2.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.3 percentage points.
Bluerock Homes Trust, Inc.'s quarterly ROE was 0.7% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 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-K | 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 | $808K-22.5% | $169K+4125.0% | $820Kn/m | $383K-83.6% | $1.0Mn/m | $4Kn/m | -$645Kn/m | $2.3Mn/m |
| EPS (Basic) | -$0.90n/m | -$0.90n/m | N/A | -$0.94-491.7% | -$0.66n/m | -$0.67n/m | -$0.65 | $0.24 |
| EPS (Diluted) | -$0.90n/m | -$0.90n/m | -$0.75n/m | -$0.94-491.7% | -$0.66n/m | -$0.67n/m | -$0.65 | $0.24 |
| Diluted Shares (Avg) | 4M+1.2% | 4M+0.9% | N/A | 4M+0.7% | 4M+1.1% | 4M+0.4% | N/A | 4M |
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-K | 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% |
| 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, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, 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-K | 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% | -$12.3Mn/m | -$4.2M-356.6% | $8.5Mn/m | $9.0Mn/m | -$2.9Mn/m | $1.6M-65.8% | -$601K-122.5% |
| Investing Cash Flow | -$9.8Mn/m | $6.4M-66.4% | -$60.4Mn/m | -$83.1M-3116.7% | -$45.0Mn/m | $19.0Mn/m | -$202.5Mn/m | $2.8M+54.6% |
| Financing Cash Flow | $10.2M-59.6% | -$841Kn/m | $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-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 4.2%-2.0pp | 0.9%+0.8pp | 4.3%+9.0pp | 2.3%-16.1pp | 6.2%+13.3pp | 0.0%+6.9pp | -4.7%+9.1pp | 18.4%+28.7pp |
| Return on Equity | 0.7%-0.1pp | 0.1%+0.1pp | 0.6%+1.1pp | 0.3%-1.3pp | 0.8%+1.4pp | 0.0%+0.5pp | -0.5%+0.5pp | 1.6%+2.3pp |
| Return on Assets | 0.1%-0.4pp | 0.0%0.0pp | 0.1%+0.1pp | 0.2%-0.1pp | 0.5%+0.6pp | 0.0%+0.1pp | -0.1%+0.1pp | 0.3%+0.4pp |
| Debt-to-Equity | 3.49 | 3.34 | 3.33+1.5x | N/A | N/A | N/A | 1.82+1.2x | 0.86+0.2x |
| Liabilities-to-Equity | 8.49+7.9x | 8.16+7.8x | 7.97+2.0x | 0.69-3.9x | 0.63-3.7x | 0.36-3.7x | 5.95+2.4x | 4.60+1.3x |
| 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 | $2.3M | 3.3% | $30.4M | 81/100 |
| Clipper Realty Inc. CLPR | FY2025 | $153.2M | -$19.9M | -13.0% | $50.4M | 19/100 |
| BRT Apartments Corp BRT | FY2025 | $97.0M | -$11.9M | -12.3% | $243.9M | 27/100 |
| NexPoint Residential Trust Inc NXRT | FY2025 | $251.3M | -$32.0M | -12.8% | $455.6M | 34/100 |
| Elme Communities ELME | FY2024 | $241.9M | -$13.1M | -5.4% | N/A | 55/100 |
| UMH Properties, Inc. UMH | FY2025 | $261.8M | $26.5M | 10.1% | $1.3B | 59/100 |
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?
Yes, Bluerock Homes Trust, Inc. (BHM) reported a net income of $2.2M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $2.3M, with a net profit margin of 3.3%.
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 3.3% 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 1.8% 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. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Bluerock Homes Trust, Inc.'s liabilities-to-equity ratio?
Bluerock Homes Trust, Inc. (BHM) had a liabilities-to-equity ratio of 7.97 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Bluerock Homes Trust, Inc.'s return on assets (ROA)?
Bluerock Homes Trust, Inc. (BHM) had a return on assets of 0.2% 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) trades at 14.0x earnings, its market capitalization divided by $2.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $30.4M as of Oct 28, 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 0.4x sales, its market capitalization divided by $74.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $30.4M as of Oct 28, 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 5 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) has an earnings quality ratio of 12.34x, considered cash-backed (high quality). 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 81 out of 100 on our Financial Health Score, indicating strong standing within its REITs peer group. The score is the average 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. For Bluerock Homes Trust, Inc. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. 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.