Bluerock Homes Trust, Inc. 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk We are exposed to interest rate risk primarily through borrowing activities. There is inherent roll-over risk for borrowings as they mature and are renewed at current market rates. The extent of this risk is not quantifiable or predictable because of the variability of future interest rates and our future financing requirements. We are not subject to foreign exchange rates or commodity price risk, and all of our financial instruments were entered into for other than trading purposes. Our interest rate risk is monitored using a variety of techniques. The table below ($ in thousands) presents the principal payments and the weighted average interest rates on outstanding debt, by year of expected maturity, to evaluate the expected cash flows and sensitivity to interest rate changes. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2024 2025 2026 2027 Thereafter Total Mortgage Notes Payable ​ $ 1,519 ​ $ 1,639 ​ $ 1,717 ​ $ 37,471 ​ $ 866 ​ $ 55,019 ​ $ 98,231 ​ Weighted Average Interest Rate ​ 4.15 % 4.27 % 4.27 % 4.13 % 5.43 % 5.59 % 4.97 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Credit Facilities ​ $ — ​ $ 55,000 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 55,000 ​ Weighted Average Interest Rate ​ — ​ 7.10 % — ​ — ​ — ​ — ​ 7.10 % ​ The fair value is estimated at $93.7 million for mortgages payable as of December 31, 2022. The table above incorporates those exposures that exist as of December 31, 2022; it does not consider those exposures or positions which could arise after that date. As a result, our ultimate realized gain or loss with respect to interest rate fluctuations will depend on the exposures that arise during the period and interest rates. Based on our debt and interest rates in effect at December 31, 2022, a 100 basis point increase or decrease in interest rates on the portion of our debt bearing interest at variable rates would increase future interest expense by approximately $0.2 million or decrease by $0.2 million, respectively, on an annual basis. Item 8. Financial Statements and Supplementary Data The information required by this Item 8 is hereby included in our Combined Consolidated Financial Statements beginning on page F-1 of the Annual Report on Form 10-K. Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. None.