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Bluerock Homes Trust, Inc. (NYSE American: BHM) is an externally managed Real Estate Investment Trust (REIT) focused on owning and operating high-quality single-family properties. Headquartered in New York, New York, BHM specializes in markets known for their knowledge-economy and high quality of life, particularly in the Sunbelt and high-growth areas of the Western United States. The company's primary objective is to generate attractive risk-adjusted investment returns by assembling a portfolio of pre-existing single-family rental homes and developing build-to-rent communities.
The company’s portfolio is geographically diverse, targeting growth markets that attract middle-market renters seeking a single-family lifestyle without the burdens and costs of home ownership. By leveraging its expertise in property management and market analysis, Bluerock Homes Trust, Inc. aims to offer a seamless rental experience while maximizing rental income and property value.
In recent developments, Bluerock Homes Trust announced a new plan for the repurchase of up to $5.0 million of its outstanding shares of Class A common stock. This repurchase plan is to be conducted in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, with a term of one year and may be discontinued at any time depending on various factors including market conditions and other corporate considerations. The plan aims to enhance shareholder value and indicates the company’s robust financial health and confidence in its future growth prospects.
BHM is constantly working on expanding its footprint by targeting high-demand areas and adapting to the evolving needs of its diverse tenant base. The company’s properties are a blend of pre-existing homes and newly developed communities, ensuring a mix of stability and growth potential.
For detailed financial information, latest updates, and insights into current projects, visit the company's website at bluerockhomes.com.
Bluerock Homes Trust (BHM) has released its 2024 tax reporting information for dividends on common and preferred stock. For Class A and C common stock, a special cash dividend of $0.840551 per share paid on January 5, 2024, is classified as 100% non-dividend/return of capital for federal tax purposes.
For Series A Preferred Stock, monthly dividends were paid throughout 2024, ranging from $0.125337 to $0.152862 per share. The tax treatment breakdown for these preferred dividends consists of: 8.04% ordinary dividend rate, 30.42% non-dividend rate, and 61.54% capital gains rate. The capital gains are further divided into 30.26% 20% rate gain and 69.74% Section 1250 gain.
Bluerock Homes Trust (BHM) has declared monthly cash dividends on its Series A Redeemable Preferred Stock for Q1 2025. The quarterly dividend rate is set at $0.375 per share, distributed in three monthly payments of $0.125 per share on the following dates:
- February 5, 2025 (record date: January 24, 2025)
- March 5, 2025 (record date: February 25, 2025)
- April 4, 2025 (record date: March 25, 2025)
Additionally, the company announced enhanced special dividends for Q1 2025, which will be combined with regular monthly dividends. The enhanced rate will be calculated as the average one-month term Secured Overnight Financing Rate (SOFR) plus 2.0%, with a minimum of 6.5% and maximum of 8.5% annual rate. These enhanced dividends will be calculated monthly and paid on the 5th of each month.
Bluerock Homes Trust (NYSE American: BHM) has declared monthly cash dividends on its Series A Redeemable Preferred Stock for Q4 2024. The dividends, totaling $0.375 per share quarterly, will be paid in three installments of $0.125 per share on November 5, 2024, December 5, 2024, and January 3, 2025. Stockholders of record dates are October 25, November 25, and December 24, respectively.
Additionally, the company announced enhanced special dividends for Q4 2024, calculated at the average one-month term Secured Overnight Financing Rate (SOFR) plus 2.0%, with a minimum of 6.5% and maximum of 8.5% annually. These enhanced dividends will be combined with the regular monthly dividends and paid on the 5th of each month.
Bluerock Homes Trust (NYSE American: BHM) has declared monthly cash dividends on its Series A Redeemable Preferred Stock for Q3 2024. The quarterly rate is set at $0.375 per share, payable in three installments of $0.125 each on August 5, September 5, and October 4, 2024. Stockholders of record dates are July 25, August 23, and September 25, respectively.
Additionally, the company has announced enhanced special dividends for Q3 2024, calculated based on the average one-month term Secured Overnight Financing Rate (SOFR) plus 2.0%, with a minimum annual rate of 6.5% and a maximum of 8.5%. These enhanced dividends will be aggregated with the regular monthly dividends and paid on the 5th of each month.
Bluerock Homes Trust, Inc. (BHM) announced an increase in dividends for its Series A Preferred Stock, introducing a new special dividend (Series A Preferred Special Dividends) to be combined with the regular monthly dividends. The dividend rate will be tied to the average 1-month term SOFR rate plus 2%, with a minimum of 6.5% and a maximum of 8.5% annually. The special dividends will be based on the SOFR Rate for each month, ensuring consistent monthly payments to shareholders.
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