Company: BHM
Filing Date: 2025-07-08
Form Type: 8-K/A
Source: 0001104659-25-066350
Chunk: 8

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: 8-K/A
Chunk 8
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A CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

FOR THE YEAR ENDED DECEMBER 31, 2024</div>

| (a) 
 (b) | Historical consolidated financial information derived from the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.                                                                                                                                                                                                                                                                                                          
 Represents adjustments to the Company’s historical operations to give effect to the Marble Investment on April 25, 2025 as if the investment had been made on January 1, 2024. Pro forma adjustments to the Company’s historical results for the year ended December 31, 2024 include adjustments to the following: income from unconsolidated real estate joint ventures and the operating partnership units’ interest.                           |
|:----|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c) | Represents income from unconsolidated real estate joint ventures estimated to have been earned on the Marble Investment. Income from unconsolidated real estate joint ventures is calculated at 4.9% of the Company’s total $25 million investment and is based on historical distribution rates for an investor with similar limited partnership interests in the Marble Fund.                                                                    |
| (d) | Earnings per share is calculated in accordance with Accounting Standards Codification 260 – “Earnings per Share.” The historical earnings per share amounts are the amounts reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. Unvested share-based payment awards that contain nonforfeitable rights to dividends are participating securities and are included in the computation of earnings per share. |

<div align='center'>SIGNATURES</div>

Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

| DATE: | July 8, 2025 | BLUEROCK HOMES TRUST, INC. 
 By:                        | /s/ Christopher J. Vohs               |
|:------|:-------------|:---------------------------|:--------------------------------------|
|       |              |                            | Christopher J. Vohs                   |
|       |              |                            | Chief Financial Officer and Treasurer |

<div align='center'>Exhibit Index</div>

| Exhibit No. 
 23.1        
 99.1        
 99.2        |