BHM Q2 2026: Net loss widens 54% to $9.0M despite 15% revenue growth; debt up 25% to $19.3M

Filed August 13, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 13, 2025 · ~1 min read

Key Changes

• high

  Total debt increased $86.2M (24.8%) to $433.5M year-over-year, subordinating preferred stockholders and constraining dividend capacity.

  Controls & Procedures verify on EDGAR →
• high

  Launched Series B Preferred Stock offering at 7.5% dividend (150bp above Series A's 6.0%), raising $6.9M net of 351,304 shares; $350M maximum offering size signals higher-cost capital needs.

  MD&A: Capital Raising verify on EDGAR →
• medium

  Portfolio expanded to 24 investments (5,420 units) with two developments under construction requiring $107.9M to complete; DST Program scaled to $149.8M net proceeds (up 229%).

  MD&A: Portfolio & Development verify on EDGAR →