CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Revenues
Rental and other property revenues	$ 68,136	$ 48,584
Interest income from loan investments	598	1,630
Total revenues	68,734	50,214
Expenses
Property operating	33,185	24,144
Property management and asset management fees	5,372	4,715
General and administrative	11,249	10,592
Management fees to related party	10,471	9,111
Acquisition and other transaction costs	418	255
Weather-related losses, net	59	170
Depreciation and amortization	29,418	19,940
Total expenses	90,172	68,927
Other (expense) income
Other (expense) income, net	(139)	330
Income from preferred equity investments	8,759	11,937
Share of net earnings of equity method investment	1,058
Recovery of credit losses, net	103	93
(Impairment) and gain on sale of real estate investments, net	(4,216)	7,081
Gain on sale of available-for-sale investments, net	3,664
Loss on extinguishment of debt costs	(27)	(151)
Interest expense, net	(23,988)	(18,092)
Interest income	5,258	5,424
Total other (expense) income	(9,528)	6,622
Loss before income taxes	(30,966)	(12,091)
Income tax expense	(1,632)	0
Net loss	(32,598)	(12,091)
Preferred stock dividends	(9,203)	(4,022)
Preferred stock accretion	(4,538)	(244)
Net loss attributable to noncontrolling interests
Operating partnership units	25,797	9,232
Partially-owned properties	9,051	2,891
Net loss attributable to noncontrolling interests	34,848	12,123
Net loss attributable to common stockholders	$ (11,491)	$ (4,234)
Net loss per common share - Basic	$ (3.02)	$ (1.1)
Net loss per common share - Diluted	$ (3.02)	$ (1.1)
Weighted average basic common shares outstanding	3,889,301	3,856,162
Weighted average diluted common shares outstanding	3,889,301	3,856,162
Other comprehensive income (loss)
Unrealized gain (loss) on available for sale investments	$ 568	$ (527)
Less unrealized (gain) loss attributable to Operating partnership units	(393)	363
Other comprehensive income (loss) attributable to common stockholders	175	(164)
Comprehensive loss attributable to noncontrolling interests	34,455	12,486
Comprehensive loss attributable to common stockholders	$ (11,316)	$ (4,398)

Bluerock Homes Trust, Inc. 10-K