Bluerock Residential Growth REIT, Inc. (BRG)

Bluerock Residential Growth REIT, Inc. (BRG) — VMCI valuation read

Headline read on BRG: VMCI of 56/100 versus a Real Estate sector median of 50. The 6-point above-median position is what makes Bluerock Residential Growth REIT, Inc. a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on BRG: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on BRG: value (BRG trades at 25.0x earnings, 39% above the Real Estate median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Real Estate median (10.0%)), and risk (net debt to EBITDA of 1.0x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Real Estate 12.0x baseline.

BRG fell 2.1% over the trailing 7 days, with a -15.4% read on a 30-day basis.