Bluerock Homes Trust (BHM)
Market Price (6/28/2026): $9.01 | Market Cap: $35.1 MilSector: Real Estate | Industry: Multi-Family Residential REITs
Bluerock Homes Trust (BHM)
Market Price (6/28/2026): $9.01Market Cap: $35.1 MilSector: Real EstateIndustry: Multi-Family Residential REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 5.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.2% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25% Megatrend and thematic driversMegatrends include Future of Housing, and Sustainable & Green Buildings. Themes include Institutional Single-Family Rentals, Residential Proptech, Show more. | Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -107% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -21 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -29% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 696% Key risksBHM key risks include [1] increasing net losses and rising expenses, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 5.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.2% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25% |
| Megatrend and thematic driversMegatrends include Future of Housing, and Sustainable & Green Buildings. Themes include Institutional Single-Family Rentals, Residential Proptech, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -107% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -21 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -29% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 696% |
| Key risksBHM key risks include [1] increasing net losses and rising expenses, Show more. |
Qualitative Assessment
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Bluerock Homes Trust (BHM) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Deterioration in Fiscal Q1 2026 Earnings Performance. Bluerock Homes Trust reported a significant increase in its net loss for fiscal Q1 2026, which ended March 31, 2026. The net loss widened to ($10.3M), marking a 40.5% increase from the ($7.33M) loss recorded in the prior-year quarter. Additionally, diluted earnings per share (EPS) worsened by 228.6%, from ($1131000) to ($3716000) year-over-year.
2. Persistent Concerns Regarding Financial Strength and Profitability. The company's underlying financial health has been a source of investor apprehension. Bluerock Homes Trust received a GuruFocus GF Score™ of 55/100, indicating moderate overall performance but highlighting weaknesses in financial strength and profitability. Notably, the company holds a low financial strength rating of 3/10, raising concerns about its debt management capabilities.
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Bluerock Homes Trust (BHM) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Deterioration in Fiscal Q1 2026 Earnings Performance. Bluerock Homes Trust reported a significant increase in its net loss for fiscal Q1 2026, which ended March 31, 2026. The net loss widened to ($10.3M), marking a 40.5% increase from the ($7.33M) loss recorded in the prior-year quarter. Additionally, diluted earnings per share (EPS) worsened by 228.6%, from ($1131000) to ($3716000) year-over-year.
2. Persistent Concerns Regarding Financial Strength and Profitability. The company's underlying financial health has been a source of investor apprehension. Bluerock Homes Trust received a GuruFocus GF Score™ of 55/100, indicating moderate overall performance but highlighting weaknesses in financial strength and profitability. Notably, the company holds a low financial strength rating of 3/10, raising concerns about its debt management capabilities.
3. Decline in Single-Family Home Revenue. While overall revenue saw growth, a key segment experienced a decline. In fiscal Q1 2026, revenue from single-family homes decreased by 11% year-over-year. This specific decline in a core business area, despite an overall revenue rise driven by acquisitions and growth in community properties, likely contributed to negative investor sentiment regarding the performance of this segment.
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Stock Movement Drivers
Fundamental Drivers
The -7.7% change in BHM stock from 2/28/2026 to 6/27/2026 was primarily driven by a -14.0% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6272026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.86 | 9.10 | -7.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 69 | 72 | 4.8% |
| Net Income Margin (%) | 3.3% | 3.4% | 2.4% |
| P/E Multiple | 17.1 | 14.7 | -14.0% |
| Shares Outstanding (Mil) | 4 | 4 | 0.0% |
| Cumulative Contribution | -7.7% |
Market Drivers
2/28/2026 to 6/27/2026| Return | Correlation | |
|---|---|---|
| BHM | -7.7% | |
| Market (SPY) | 6.6% | -2.3% |
| Sector (XLRE) | 3.9% | -6.5% |
Fundamental Drivers
The -0.6% change in BHM stock from 11/30/2025 to 6/27/2026 was primarily driven by a -67.7% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6272026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.16 | 9.10 | -0.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 64 | 72 | 13.2% |
| Net Income Margin (%) | 1.2% | 3.4% | 171.8% |
| P/E Multiple | 45.5 | 14.7 | -67.7% |
| Shares Outstanding (Mil) | 4 | 4 | 0.0% |
| Cumulative Contribution | -0.6% |
Market Drivers
11/30/2025 to 6/27/2026| Return | Correlation | |
|---|---|---|
| BHM | -0.6% | |
| Market (SPY) | 7.3% | 4.5% |
| Sector (XLRE) | 10.5% | -0.2% |
Fundamental Drivers
The -6.6% change in BHM stock from 5/31/2025 to 6/27/2026 was primarily driven by a -68.7% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6272026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.74 | 9.10 | -6.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 55 | 72 | 29.9% |
| Net Income Margin (%) | 1.4% | 3.4% | 131.6% |
| P/E Multiple | 46.9 | 14.7 | -68.7% |
| Shares Outstanding (Mil) | 4 | 4 | -0.9% |
| Cumulative Contribution | -6.6% |
Market Drivers
5/31/2025 to 6/27/2026| Return | Correlation | |
|---|---|---|
| BHM | -6.6% | |
| Market (SPY) | 25.1% | 2.9% |
| Sector (XLRE) | 12.2% | -1.9% |
Fundamental Drivers
The -39.1% change in BHM stock from 5/31/2023 to 6/27/2026 was primarily driven by a -1.7% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312023 | 6272026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.95 | 9.10 | -39.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 72 | 0.0% |
| Net Income Margin (%) | � | 3.4% | 0.0% |
| P/E Multiple | � | 14.7 | 0.0% |
| Shares Outstanding (Mil) | 4 | 4 | -1.7% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2023 to 6/27/2026| Return | Correlation | |
|---|---|---|
| BHM | -39.1% | |
| Market (SPY) | 81.3% | 9.1% |
| Sector (XLRE) | 39.2% | 3.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BHM Return | - | -2% | -34% | -5% | -16% | -14% | -56% |
| Peers Return | 53% | -32% | 13% | 8% | -7% | 5% | 24% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| BHM Win Rate | - | 25% | 50% | 33% | 33% | 33% | |
| Peers Win Rate | 75% | 23% | 47% | 57% | 43% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BHM Max Drawdown | - | - | -46% | -30% | -43% | -25% | |
| Peers Max Drawdown | -9% | -36% | -22% | -14% | -21% | -13% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: INVH, AMH, SUI, AVB, EQR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/26/2026 (YTD)
How Low Can It Go
| Event | BHM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -16.9% | -18.8% |
| % Gain to Breakeven | 20.3% | 23.1% |
| Time to Breakeven | 50 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -23.4% | -9.5% |
| % Gain to Breakeven | 30.6% | 10.5% |
| Time to Breakeven | 164 days | 24 days |
In The Past
Bluerock Homes Trust's stock fell -16.9% during the 2025 US Tariff Shock. Such a loss loss requires a 20.3% gain to breakeven.
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| Event | BHM | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -23.4% | -9.5% |
| % Gain to Breakeven | 30.6% | 10.5% |
| Time to Breakeven | 164 days | 24 days |
In The Past
Bluerock Homes Trust's stock fell -16.9% during the 2025 US Tariff Shock. Such a loss loss requires a 20.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Bluerock Homes Trust (BHM)
Bluerock Homes Trust (BHM) operates as a real estate investment trust (REIT) primarily focused on the single-family rental (SFR) housing market. The company specializes in the acquisition, development, and operation of high-quality, newly built or recently renovated single-family homes across various attractive growth markets in the United States. Its core strategy involves investing in properties that cater to demand for spacious, modern rental living, typically in suburban areas.
The company's main offering is providing rental homes to individuals and families seeking flexible living arrangements without the burdens of homeownership. These properties often feature modern amenities and desirable locations, primarily serving customers in high-growth Sun Belt states. Bluerock Homes Trust generates its revenue predominantly through rental income derived from its portfolio of single-family rental properties, aiming to deliver long-term value to investors through a combination of rental cash flow and potential property value appreciation.
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- Single-Family Rental Homes: Acquires, develops, and manages a portfolio of single-family rental properties across the United States.
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- Families and Individuals Seeking Spacious, Private Living Environments: This category encompasses tenants, often with children or pets, who desire the increased space, privacy, and amenities like yards that single-family homes offer, often in suburban or family-friendly neighborhoods.
- Professionals and Individuals Requiring Flexibility and Mobility: This group includes tenants who are relocating for work, on temporary assignments, or who prefer the flexibility of renting over the long-term commitment of homeownership due to career dynamics, personal circumstances, or a preference for not dealing with property maintenance.
- Individuals and Families Transitioning or Saving for Homeownership: This segment consists of tenants who are in a transitional phase, such as moving between owned homes, or those who are accumulating savings for a down payment and wish to reside in a desired community or school district before making a purchase.
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R. Ramin Kamfar, Chief Executive Officer and Chairman
Mr. Kamfar is the Founder of Bluerock, serving as its Chairman and Chief Executive Officer since 2002. He also serves as the Chairman of the board of directors and Chief Executive Officer of Bluerock Homes Trust. Prior to this, he was Chairman and CEO of Bluerock Residential Growth REIT, Inc. from 2008 to 2022. Mr. Kamfar has approximately 30 years of experience in real estate, private equity, and investment banking, including working at Lehman Brothers Inc. specializing in mergers and acquisitions and corporate finance. He also built a startup, now known as Einstein Noah Restaurant Group, Inc., from 1993 to 2002.
Christopher J. Vohs, Chief Financial Officer and Treasurer
Mr. Vohs serves as Chief Financial Officer and Treasurer of Bluerock Homes Trust's Manager, and as the company's Chief Financial Officer. He held the position of Chief Financial Officer of Bluerock Residential Growth REIT, Inc. from 2017 to 2022. Mr. Vohs joined Bluerock in July 2010 and has held various senior accounting and financial roles within the company and its affiliates. Before joining Bluerock, he was the Corporate Controller for Roberts Realty Investors, Inc., a public multifamily REIT.
Jordan B. Ruddy, President
Mr. Ruddy serves as President of Bluerock Homes Trust's Manager, and as the company's President. He previously served as Chief Operating Officer and President of Bluerock Residential Growth REIT, Inc. from 2008 to 2022. Mr. Ruddy has been with Bluerock since 2002, serving in various senior management capacities. His experience spans approximately 30 years in real estate acquisitions, financings, management, and dispositions. Prior to Bluerock, he was a real estate investment banker at Banc of America Securities LLC and Smith Barney Inc., and a Vice President at Amerimar Enterprises.
Ryan S. MacDonald, Chief Investment Officer
Mr. MacDonald serves as Chief Investment Officer of Bluerock Homes Trust's Manager, and as the company's Chief Investment Officer. He served as Chief Investment Officer of Bluerock Residential Growth REIT, Inc. from 2021 to 2022, and as its Chief Acquisitions Officer from 2017 to 2021. Mr. MacDonald joined Bluerock in 2008 and has continuously held senior acquisition and disposition roles. Before Bluerock, he was an Analyst for PNC Realty Investors, involved in over $1.2 billion in investments, and also worked in a corporate development role at Mercantile Bankshares.
James G. Babb, III, Chief Strategy Officer
Mr. Babb serves as Chief Strategy Officer of Bluerock Homes Trust's Manager, and as the company's Chief Strategy Officer. He was Chief Strategy Officer of Bluerock Residential Growth REIT, Inc. from 2021 to 2022, and its Chief Investment Officer from 2008 to 2013 and 2017 to 2021. Mr. Babb joined Bluerock in 2007. He has approximately 30 years of experience in real estate acquisition, management, financing, and dispositions. From 1992 to 2003, Mr. Babb led residential and office acquisitions initiatives for Starwood Capital Group, where he was involved in raising and investing funds through seven private real estate funds totaling approximately $8 billion. He also founded Bluepoint Capital, LLC, a private real estate investment company, from 2003 to 2007.
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Macroeconomic Factors (Inflation, Interest Rates, and Real Estate Market Conditions)
Bluerock Homes Trust is significantly exposed to macroeconomic factors, particularly inflation and interest-rate movements. Rising interest rates can increase borrowing costs, impact property valuations, and affect the feasibility of new acquisitions and developments. Inflation can also lead to increased operating expenses. Furthermore, a softening in the single-family rental market, as observed in recent periods, can directly reduce rental income and property appreciation, thereby negatively affecting the company's operating results and overall profitability.
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Construction and Development Risk
As a residential REIT focused on acquiring and developing residential communities, including apartments and build-to-rent properties, Bluerock Homes Trust faces inherent construction and development risks. These risks can include unexpected delays in project completion, cost overruns due to material and labor price fluctuations, and challenges in obtaining necessary permits or approvals. Such issues can impact the timely delivery of projects, tie up capital for extended periods, and potentially reduce the expected returns on investment.
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Geographic Concentration
Bluerock Homes Trust's portfolio primarily consists of residential properties concentrated in specific growth markets, notably the Sunbelt and Western U.S. This geographic concentration exposes the company to localized economic downturns, adverse climate events, or regulatory changes specific to these regions. Any negative developments in these concentrated markets, such as job losses, reduced population growth, or oversupply of housing, could disproportionately impact the company's occupancy rates, rental income, and property values across a significant portion of its portfolio.
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Single-Family Rental (SFR) Market
The single-family rental market in the U.S. is substantial and has shown consistent growth. In 2019, approximately 14 million U.S. households resided in a rented single-family unit. This number increased to an estimated 14.4 million single-family rental households in 2024 and is projected to reach 14.6 million in 2025. Overall, out of 86.5 million single-family homes in the United States, 15.7 million are single-family rentals. Including two- to four-unit properties, the U.S. had approximately 23 million SFR units nationwide in 2022.Build-to-Rent (BTR) Market
The build-to-rent market, a segment of the single-family rental market, is experiencing significant expansion in the U.S. As of early 2025, over 110,000 single-family rental homes were under construction across the country. The year 2024 saw a record 39,000 single-family rental homes completed, marking a 15.5% increase from the previous year and a sixfold increase compared to pre-pandemic annual averages of 6,000 to 7,000 completions. The total U.S. build-to-rent inventory was approximately 350,000 units as of October 2024. Looking ahead, about 116,000 BTR units are expected to be delivered through 2026, with an additional 139,000 units in various planning and pre-development stages. Over a 12-month period ending in June 2025, 71,000 BTR units were started nationwide.AI Analysis | Feedback
Bluerock Homes Trust (BHM) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic acquisitions, targeted market expansion, asset enhancement initiatives, and by capitalizing on favorable market conditions and access to capital.
Here are 3-5 expected drivers of future revenue growth:
- Strategic Acquisitions and Development of Residential Assets: Bluerock Homes Trust aims to expand its revenue-generating property base by acquiring pre-existing single-family residential units and developing build-to-rent (BTR) and multifamily assets. This strategy focuses on building an infill portfolio, directly increasing the number of properties from which rental income can be generated.
- Targeted Expansion into High-Growth Markets: The company strategically focuses its investments on "knowledge-economy and high quality of life growth markets" primarily in the Sunbelt and Western United States. These regions are characterized by strong job growth and expanding populations, leading to healthy long-term demand fundamentals for residential real estate, which Bluerock Homes Trust seeks to capitalize on for revenue growth.
- "Value-Add" Renovations and Asset Repositioning: Bluerock Homes Trust employs a "Value-Add strategy" that involves repositioning lower-quality, less current assets. By making renovations and upgrades, the company aims to drive rent growth, expand profit margins, increase net operating income (NOI), and maximize its return on investment, thereby enhancing rental revenue.
- Capitalizing on Favorable Market Dynamics: The company is positioned to benefit from broader market trends, specifically an undersupply of residential inventory and an anticipated surge in demand from millennials. These macroeconomic factors create a robust environment for sustained occupancy rates and the potential for rental rate increases across its portfolio.
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Share Repurchases
- Bluerock Homes Trust authorized a share repurchase plan for up to $10.0 million of its Class A common stock, scheduled to begin on March 1, 2026, and run through February 28, 2027.
Share Issuance
- Preferred Shares Issued peaked at $37.9 million during Q3 2024.
- Preferred Shares Issued was $92.9 million for the full fiscal year 2024.
- As of Q3 2025, Preferred Shares Issued amounted to $6.3 million.
Outbound Investments
- Bluerock Homes Trust focuses on acquiring residential units, developing residential communities, and conducting value-added renovations in attractive U.S. growth markets.
- As of December 31, 2025, the company held 25 real estate investments, comprising 5,572 residential units, which included 4,423 consolidated units and 1,149 units through preferred equity interests.
- Recent acquisitions mentioned include Southern Pines Reserve in Aberdeen, North Carolina, District at Parkview in Stone Mountain, Georgia, and Skytop Apartments in Cincinnati, Ohio.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Bluerock Homes Trust Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.23 |
| Mkt Cap | 16.7 |
| Rev LTM | 2,541 |
| Op Inc LTM | 608 |
| FCF LTM | 920 |
| FCF 3Y Avg | 878 |
| CFO LTM | 1,044 |
| CFO 3Y Avg | 993 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.7% |
| Rev Chg 3Y Avg | 5.8% |
| Rev Chg Q | 5.4% |
| QoQ Delta Rev Chg LTM | 1.2% |
| Op Inc Chg LTM | -1.2% |
| Op Inc Chg 3Y Avg | 2.3% |
| Op Mgn LTM | 26.0% |
| Op Mgn 3Y Avg | 26.0% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 44.1% |
| CFO/Rev 3Y Avg | 44.2% |
| FCF/Rev LTM | 39.1% |
| FCF/Rev 3Y Avg | 39.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Residential communities | 38 | 16 | 10 | ||
| Scattered single-family homes | 31 | 32 | 31 | ||
| Interest income from loan investments | 1 | 2 | 0 | 1 | 5 |
| Rental and other property revenues | 33 | 9 | |||
| Total | 69 | 50 | 41 | 34 | 15 |
| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Residential communities | 21 | 9 | 6 |
| Scattered single-family homes | 14 | 15 | 15 |
| Interest income from loan investments | 1 | 2 | 0 |
| Recovery of (provision for) credit losses, net | 0 | 0 | -0 |
| Weather-related losses, net | -0 | -0 | 0 |
| Property management and asset management fee expenses | -5 | -5 | -4 |
| Management fees to related party | -10 | -9 | -8 |
| General and administrative expenses | -11 | -11 | -8 |
| Depreciation and amortization | -29 | -20 | -16 |
| Loss on extinguishment of debt | 0 | ||
| Total | -21 | -18 | -15 |
Price Behavior
| Market Price | $9.10 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 09/28/2022 | |
| Distance from 52W High | -35.6% | |
| 50 Days | 200 Days | |
| DMA Price | $10.30 | $10.17 |
| DMA Trend | down | down |
| Distance from DMA | -11.7% | -10.5% |
| 3M | 1YR | |
| Volatility | 49.7% | 57.5% |
| Downside Capture | -15.14 | 43.08 |
| Upside Capture | -96.54 | 3.05 |
| Correlation (SPY) | -4.3% | 5.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.46 | -0.99 | -0.39 | 0.13 | 0.06 | 0.25 |
| Up Beta | -1.78 | -1.85 | -1.39 | -2.24 | -0.99 | 0.04 |
| Down Beta | 2.85 | 1.95 | 2.07 | 2.26 | 1.12 | 0.69 |
| Up Capture | -84% | -70% | -41% | 31% | 3% | 1% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 10 | 16 | 26 | 50 | 104 | 328 |
| Down Capture | -65% | -77% | -90% | 30% | 8% | 49% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 23 | 35 | 69 | 135 | 384 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BHM | |
|---|---|---|---|---|
| BHM | -8.8% | 57.3% | 0.03 | - |
| Sector ETF (XLRE) | 12.6% | 13.9% | 0.62 | -2.5% |
| Equity (SPY) | 21.2% | 12.4% | 1.26 | 5.8% |
| Gold (GLD) | 21.8% | 27.7% | 0.70 | -4.4% |
| Commodities (DBC) | 21.8% | 18.6% | 0.92 | 1.2% |
| Real Estate (VNQ) | 16.1% | 13.6% | 0.85 | -3.5% |
| Bitcoin (BTCUSD) | -44.2% | 42.5% | -1.25 | 3.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BHM | |
|---|---|---|---|---|
| BHM | -11.7% | 44.5% | -0.26 | - |
| Sector ETF (XLRE) | 3.8% | 19.1% | 0.10 | 11.2% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 16.3% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | -1.2% |
| Commodities (DBC) | 7.4% | 19.5% | 0.28 | 6.5% |
| Real Estate (VNQ) | 3.4% | 18.9% | 0.08 | 11.8% |
| Bitcoin (BTCUSD) | 10.9% | 54.0% | 0.39 | 9.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BHM | |
|---|---|---|---|---|
| BHM | -6.0% | 44.5% | -0.26 | - |
| Sector ETF (XLRE) | 7.0% | 20.4% | 0.30 | 11.2% |
| Equity (SPY) | 15.2% | 18.0% | 0.72 | 16.3% |
| Gold (GLD) | 11.8% | 16.1% | 0.60 | -1.2% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 6.5% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 11.8% |
| Bitcoin (BTCUSD) | 54.7% | 66.4% | 0.95 | 9.6% |
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Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/20/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/12/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/22/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 09/23/2022 | 10-12B/A |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/20/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/12/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/22/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 09/23/2022 | 10-12B/A |
Insider Activity
Updated 6/8/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Vohs, Christopher J | CFO and Treasurer | Direct | Buy | 6082026 | 22.50 | 2,400 | 54,000 | 54,000 | Form |
| 2 | Kamfar, Ramin | Chairman and CEO | Direct | Buy | 3242026 | 10.97 | 5,707 | 62,606 | 649,687 | Form |
| 3 | Kamfar, Ramin | Chairman and CEO | Direct | Buy | 3202026 | 10.68 | 3,071 | 32,798 | 571,562 | Form |
| 4 | Kamfar, Ramin | Chairman and CEO | Direct | Buy | 3202026 | 10.97 | 22,727 | 249,315 | 553,393 | Form |
| 5 | Kamfar, Ramin | Chairman and CEO | Direct | Buy | 3112026 | 11.65 | 25,000 | 291,250 | 322,926 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Vohs, Christopher J | CFO and Treasurer | Direct | Buy | 6082026 | 22.50 | 2,400 | 54,000 | 54,000 | Form |
| 2 | Kamfar, Ramin | Chairman and CEO | Direct | Buy | 3242026 | 10.97 | 5,707 | 62,606 | 649,687 | Form |
| 3 | Kamfar, Ramin | Chairman and CEO | Direct | Buy | 3202026 | 10.68 | 3,071 | 32,798 | 571,562 | Form |
| 4 | Kamfar, Ramin | Chairman and CEO | Direct | Buy | 3202026 | 10.97 | 22,727 | 249,315 | 553,393 | Form |
| 5 | Kamfar, Ramin | Chairman and CEO | Direct | Buy | 3112026 | 11.65 | 25,000 | 291,250 | 322,926 | Form |
| 6 | Kamfar, Ramin | Chairman and CEO | Direct | Buy | 3112026 | 8.71 | 700 | 6,095 | 23,675 | Form |
Industry Resources
| Real Estate Resources |
| The Real Deal |
| Commercial Observer |
| Inman |
| Multi-Family Residential REITs Resources |
| Multi-Housing News |
| Multifamily Executive |
| National Apartment Association |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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