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Side-by-side financial comparison of Bluerock Homes Trust, Inc. (BHM) and TRANSCONTINENTAL REALTY INVESTORS INC (TCI). Click either name above to swap in a different company.

Bluerock Homes Trust, Inc. is the larger business by last-quarter revenue ($18.9M vs $12.1M, roughly 1.6× TRANSCONTINENTAL REALTY INVESTORS INC). TRANSCONTINENTAL REALTY INVESTORS INC runs the higher net margin — 68.8% vs -50.1%, a 118.9% gap on every dollar of revenue. On growth, Bluerock Homes Trust, Inc. posted the faster year-over-year revenue change (35.9% vs 2.3%). Over the past eight quarters, Bluerock Homes Trust, Inc.'s revenue compounded faster (30.1% CAGR vs 0.7%).

Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.

Transcontinental Realty Investors Inc. (TCI) is a U.S.-based real estate investment firm that owns, operates and develops a diversified portfolio of residential, commercial and mixed-use properties across core U.S. regional markets. It pursues long-term value growth via strategic property acquisitions, efficient asset management and tailored leasing solutions for individual and business tenants.

BHM vs TCI — Head-to-Head

Bigger by revenue
BHM
BHM
1.6× larger
BHM
$18.9M
$12.1M
TCI
Growing faster (revenue YoY)
BHM
BHM
+33.6% gap
BHM
35.9%
2.3%
TCI
Higher net margin
TCI
TCI
118.9% more per $
TCI
68.8%
-50.1%
BHM
Faster 2-yr revenue CAGR
BHM
BHM
Annualised
BHM
30.1%
0.7%
TCI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHM
BHM
TCI
TCI
Revenue
$18.9M
$12.1M
Net Profit
$-9.5M
$8.3M
Gross Margin
Operating Margin
-48.8%
-28.9%
Net Margin
-50.1%
68.8%
Revenue YoY
35.9%
2.3%
Net Profit YoY
-29.9%
7577.8%
EPS (diluted)
$-0.75
$0.97

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BHM
BHM
TCI
TCI
Q4 25
$18.9M
$12.1M
Q3 25
$16.6M
$12.8M
Q2 25
$16.8M
$12.2M
Q1 25
$16.4M
$12.0M
Q4 24
$13.9M
$11.8M
Q3 24
$12.7M
$11.6M
Q2 24
$12.5M
$11.8M
Q1 24
$11.2M
$11.9M
Net Profit
BHM
BHM
TCI
TCI
Q4 25
$-9.5M
$8.3M
Q3 25
$-10.0M
$724.0K
Q2 25
$-5.8M
$169.0K
Q1 25
$-7.3M
$4.6M
Q4 24
$-7.3M
$108.0K
Q3 24
$3.5M
$1.7M
Q2 24
$-5.2M
$1.5M
Q1 24
$-3.2M
$2.5M
Operating Margin
BHM
BHM
TCI
TCI
Q4 25
-48.8%
-28.9%
Q3 25
-57.6%
-10.9%
Q2 25
-30.9%
-6.8%
Q1 25
-42.6%
-5.3%
Q4 24
-52.8%
-14.3%
Q3 24
27.9%
-14.4%
Q2 24
-41.3%
-9.2%
Q1 24
-28.4%
-11.2%
Net Margin
BHM
BHM
TCI
TCI
Q4 25
-50.1%
68.8%
Q3 25
-60.0%
5.6%
Q2 25
-34.7%
1.4%
Q1 25
-44.7%
38.5%
Q4 24
-52.8%
0.9%
Q3 24
27.9%
14.7%
Q2 24
-41.3%
12.7%
Q1 24
-28.4%
21.4%
EPS (diluted)
BHM
BHM
TCI
TCI
Q4 25
$-0.75
$0.97
Q3 25
$-0.94
$0.08
Q2 25
$-0.66
$0.02
Q1 25
$-0.67
$0.53
Q4 24
$-0.65
$0.01
Q3 24
$0.24
$0.20
Q2 24
$-0.42
$0.17
Q1 24
$-0.27
$0.30

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BHM
BHM
TCI
TCI
Cash + ST InvestmentsLiquidity on hand
$169.6M
$89.0M
Total DebtLower is stronger
$428.4M
$210.8M
Stockholders' EquityBook value
$128.7M
$846.7M
Total Assets
$1.2B
$1.1B
Debt / EquityLower = less leverage
3.33×
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHM
BHM
TCI
TCI
Q4 25
$169.6M
$89.0M
Q3 25
$2.1M
$82.7M
Q2 25
$4.2M
$73.5M
Q1 25
$3.0M
$88.6M
Q4 24
$115.2M
$99.7M
Q3 24
$155.1M
$131.6M
Q2 24
$116.0M
$127.5M
Q1 24
$92.3M
$130.8M
Total Debt
BHM
BHM
TCI
TCI
Q4 25
$428.4M
$210.8M
Q3 25
$415.9M
$223.5M
Q2 25
$338.6M
$212.4M
Q1 25
$336.5M
$198.2M
Q4 24
$373.8M
$181.9M
Q3 24
$122.5M
$180.3M
Q2 24
$119.7M
$177.4M
Q1 24
$120.2M
$178.3M
Stockholders' Equity
BHM
BHM
TCI
TCI
Q4 25
$128.7M
$846.7M
Q3 25
$131.7M
$838.4M
Q2 25
$135.3M
$837.7M
Q1 25
$137.1M
$837.3M
Q4 24
$139.1M
$832.3M
Q3 24
$142.9M
$832.2M
Q2 24
$142.5M
$830.4M
Q1 24
$144.5M
$828.9M
Total Assets
BHM
BHM
TCI
TCI
Q4 25
$1.2B
$1.1B
Q3 25
$222.1M
$1.1B
Q2 25
$220.3M
$1.1B
Q1 25
$186.2M
$1.1B
Q4 24
$967.0M
$1.1B
Q3 24
$800.8M
$1.1B
Q2 24
$756.2M
$1.0B
Q1 24
$727.4M
$1.0B
Debt / Equity
BHM
BHM
TCI
TCI
Q4 25
3.33×
0.25×
Q3 25
3.16×
0.27×
Q2 25
2.50×
0.25×
Q1 25
2.45×
0.24×
Q4 24
2.69×
0.22×
Q3 24
0.86×
0.22×
Q2 24
0.84×
0.21×
Q1 24
0.83×
0.22×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BHM
BHM
TCI
TCI
Operating Cash FlowLast quarter
$27.8M
$-2.9M
Free Cash FlowOCF − Capex
$10.4M
FCF MarginFCF / Revenue
55.0%
Capex IntensityCapex / Revenue
91.8%
Cash ConversionOCF / Net Profit
-0.35×
TTM Free Cash FlowTrailing 4 quarters
$25.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHM
BHM
TCI
TCI
Q4 25
$27.8M
$-2.9M
Q3 25
$13.4M
$8.2M
Q2 25
$13.9M
$-2.9M
Q1 25
$951.0K
$-7.4M
Q4 24
$9.1M
$1.3M
Q3 24
$1.7M
$13.7M
Q2 24
$1.3M
$-511.0K
Q1 24
$1.1M
$3.9M
Free Cash Flow
BHM
BHM
TCI
TCI
Q4 25
$10.4M
Q3 25
$8.7M
Q2 25
$8.8M
Q1 25
$-2.9M
Q4 24
$-253.0K
Q3 24
$-601.0K
Q2 24
$-654.0K
Q1 24
$-630.0K
FCF Margin
BHM
BHM
TCI
TCI
Q4 25
55.0%
Q3 25
52.4%
Q2 25
52.2%
Q1 25
-17.6%
Q4 24
-1.8%
Q3 24
-4.7%
Q2 24
-5.2%
Q1 24
-5.6%
Capex Intensity
BHM
BHM
TCI
TCI
Q4 25
91.8%
Q3 25
28.5%
Q2 25
30.3%
Q1 25
23.4%
Q4 24
66.9%
Q3 24
18.0%
Q2 24
15.3%
Q1 24
15.5%
Cash Conversion
BHM
BHM
TCI
TCI
Q4 25
-0.35×
Q3 25
11.28×
Q2 25
-17.24×
Q1 25
-1.61×
Q4 24
12.13×
Q3 24
0.47×
8.03×
Q2 24
-0.34×
Q1 24
1.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BHM
BHM

Residential Communities Segment$11.4M61%
Scattered Single Family Homes Segment$7.5M39%

TCI
TCI

Segment breakdown not available.

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