Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 46

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 46
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,853,321 
         ​ |
|:--------------------------------------------------------------------|:--|:--------------|----------:|:--|:-----|----------:|:--|:--------------|----------:|:--|:-----|----------:|
| Net                                                                 
 (loss) income per common share, basic                               | ​ | $             |     -0.94 | ​ | $    |      0.24 | ​ | $             |     -2.27 | ​ | $    |     -0.45 |
| Net                                                                 
 (loss) income per common share, diluted                             | ​ | $             |     -0.94 | ​ | $    |      0.24 | ​ | $             |     -2.27 | ​ | $    |     -0.45 |

| (1) | Amounts relate                                                           
 to shares of the Company’s Class A and Class C common stock outstanding. |

| (2) | For the                                                                                                                                     
 three months ended September 30, 2025, the diluted shares calculation excludes the following as the effects are antidilutive: (i) potential 
 vesting of restricted Class A common stock of 20,072 shares, and (ii) potential conversion of the Series A Preferred Stock into Class       
 A common stock of 10,289,331 shares.                                                                                                        |

For the three months ended September 30, 2024, the potential vesting of restricted Class A common stock of 11,975 shares is included in the diluted shares calculation, whereas the potential conversion of the Series A Preferred Stock into Class A common stock of 4,142,972 shares is excluded from the diluted shares calculation as the effect is antidilutive. For the nine months ended September 30, 2025 and 2024, the diluted shares calculations exclude the following as the effects are antidilutive: (i) potential vesting of restricted Class A common stock of 7,869 shares and 3,383 shares, respectively, and (ii) potential conversion of the Series A Preferred Stock into Class A common stock of 10,287,117 shares and 2,315,348 shares, respectively. The effect of the conversion of OP Units is not reflected in the computation of basic and diluted earnings per share, as they are exchangeable for Class A common stock on a one-for-one basis. The income allocable to such OP Units is allocated on this same basis and reflected as noncontrolling interests in the accompanying consolidated