BRG - BRG STOCK NEWS

Bluerock Residential Growth REIT plans to redeem all outstanding shares of its 8.250% Series A Cumulative Redeemable Preferred Stock on February 26, 2021. Shareholders will receive a total of $25.320833 per share, including accrued dividends. Dividends will cease on the redemption date, and holders will only retain rights to receive the cash payment. All shares will be redeemed in accordance with established processes, managed by Computershare Trust Company. Bluerock focuses on developing live/work/play apartment communities in growth markets.

Bluerock Residential Growth REIT (NYSE: BRG) is set to announce its fourth-quarter financial results for the period ending December 31, 2020, on February 11, 2021, before market opening. A conference call, featuring management's remarks and a Q&A session, will occur on the same day at 11:00 AM ET. Investors can pre-register for the call or dial in on the day of the event. The company focuses on acquiring and developing live/work/play apartment communities and is part of the Russell 2000 and 3000 Indexes.

Bluerock Residential Growth REIT (NYSE American: BRG) has declared monthly cash dividends for the first quarter of 2021 on its Series B and Series T Redeemable Preferred Stocks. The Series B Preferred Stock will have dividends of $15.00 quarterly, paid as $5.00 monthly on February 5, March 5, and April 5, 2021, to shareholders of record as of January 25, February 25, and March 25, respectively. The Series T Preferred Stock will pay $0.384375 quarterly, with $0.128125 monthly payments on the same dates. This decision reflects the company's commitment to shareholder value.

Bluerock Residential Growth REIT (NYSE: BRG) reported December 2020 rent collections at approximately 97% and occupancy at 95.4%. The company's resilience is attributed to its focus on knowledge economy markets and ownership of Class A affordable luxury apartment communities. This strategy targets high-income renters from sectors like health care and technology, contributing to better wage-to-rent ratios. BRG remains a part of the Russell 2000 and 3000 Indexes, and the company aims to enhance value through strategic acquisitions and operational improvements.

Bluerock Residential Growth REIT (NYSE: BRG) reported preliminary November rent collections at 97.5% with occupancy at approximately 95.3% as of November 30, 2020. The company credits its stability to its focus on knowledge economy markets and targeting renters in sectors such as healthcare and technology, characterized by healthier wage-to-rent ratios. BRG aims to develop a diversified portfolio of high-quality apartment communities, appealing to the renter by choice. The company is also included in the Russell 2000 and 3000 indexes.

Bluerock Residential Growth REIT (NYSE: BRG) declared its fourth-quarter cash dividends for 2020, amounting to $0.1625 per share for Class A and Class C common stock. Additionally, dividends for preferred stocks include $0.515625 for Series A, $0.4765625 for Series C, and $0.4453125 for Series D. Payments are scheduled for January 5, 2021, to shareholders of record by December 24, 2020, while Series T dividends will be paid on December 29, 2020. The company focuses on acquiring and developing quality residential properties.

Bluerock Residential Growth REIT (NYSE American: BRG) reported Q3 2020 results, with revenues increasing by 1.9% to $54.6 million, despite a net loss of $17.1 million compared to a profit of $17.2 million last year. Occupancy rose to 95.1%, with rental collections at 97%. Property NOI increased by 3.7% to $29.1 million. The company is maintaining liquidity amidst COVID-19 uncertainties, holding $168.5 million in cash. A quarterly dividend of $0.1625 per share was paid, while $66.2 million was raised through preferred stock offerings.

On October 12, 2020, Bluerock Residential Growth REIT (NYSE: BRG) reported preliminary third quarter 2020 results with 97% rent collections and 95.1% occupancy across its multifamily properties as of September 30, 2020. The company's strategy focuses on knowledge economy markets and Class A affordable luxury apartments, targeting tenants in stable employment sectors. The financial results will be disclosed on November 5, 2020, followed by a conference call for further insights.

Bluerock Residential Growth REIT (NYSE American: BRG) has declared monthly cash dividends for the fourth quarter of 2020. The Series B Redeemable Preferred Stock will provide dividends of $15.00 per share, distributed as $5.00 on November 5, December 4, and January 5, 2021. Additionally, the Series T Redeemable Preferred Stock will yield dividends of $0.384375 per share, disbursed as $0.128125 on the same payment dates. Both dividends target stockholders of record as specified in the announcement.