Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 106

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 106
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 its Chief Executive Officer, Chief Investment Officer and Chief Financial Officer. The CODMs’ primary financial measure for operating performance is NOI as it measures the core operations of property performance by excluding corporate level expenses and those other items not related to property operating performance. CODMs are provided financial reports which include an income statement with property revenues, property operating expenses, and property net income. These financial reports assist the CODMs in assessing the Company’s financial performance and in allocating resources appropriately. The Company views its residential real estate assets as two reportable segments, consisting of (i) residential communities and (ii) scattered single-family homes. The CODMs do not distinguish or group operations on a geographic, tenant or other basis when assessing the financial performance of the Company’s portfolio of properties/investments. Residential communitiessegment includes the acquisition, ownership, management, renovation, construction, and development of residential communities, which include both detached single-family home communities and attached unit communities such as apartments, townhouses, and duplexes. Each residential community is, generally, located on a single, contiguous land parcel and has amenities including clubhouses, gyms, pools and common areas. In addition, these residential communities typically have onsite property management. Scattered single-family homessegment includes the acquisition, ownership, management, and renovation of scattered single-family homes, which are, generally, detached homes with no onsite property management.

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Table of Contents

The following table summarizes NOI by the Company’s reportable segments for the three and six months ended June 30, 2025 and 2024, and reconciles NOI to net loss attributable to common stockholders on the Company’s statements of operations and comprehensive income. Prior year amounts have been reclassified to conform to the current period segment presentation (amounts in thousands):

| ​                                                         
 ​                                                         
 ​                                                         
 Rental and other property                                 
 revenues                                                  | ​ 
 ​ | ​                     
 Three                 
 Months Ended June 30, 
 2025                  
 ​                     |      ​ | ​ | ​    
 2024 
 ​    |      ​ | ​ 
 ​ 
 ​ | ​                     
 Six                   
 Months Ended June 30, 
 2025                  
 ​                     |       ​ 
       ​ | ​ 
 ​ 
 ​ | ​    
 2024 
 ​    |      ​ 
      ​ |
|:----------------------------------------------------------|:--|:----------------------|-------:|:--|:-----|-------:|:--|:----------------------|--------:|:--|:-----|-------:|
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