other material
confidence high
sentiment neutral
materiality 0.55
Bluerock Homes Trust sets estimated value of Series A Preferred Stock at $25.00 plus accreted dividends
Bluerock Homes Trust, Inc.
- Board approved $25.00/share (plus accreted dividends) based on Kroll appraisal of 20-property portfolio as of Sept 30, 2024.
- Portfolio contains 4,000 residential units; Kroll used income capitalization and sales comparison approaches.
- Adjusted portfolio equity substantially exceeds the ~$97.2M Series A Preferred liquidation value supporting the $25.00 estimate.
- Sensitivity test shows 25 bps change in discount rate still supports at least $25.00 plus accreted dividends.
- Value is unaudited, not GAAP fair value, and not a guarantee of trading price or liquidation proceeds.