BRT Apartments

BRT Apartments Corp. is a real estate investment trust, which engages in the ownership, operation, and development of multi-family properties. Its properties include Brixworth at Bridge Street, Silvana Oaks Apartments, Avondale Station, Newbridge Commons, Kendall Manor, and Parkway Grande. The company was founded in 1972 and is headquartered in Great Neck, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2024

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BRT Apartments reports robust Q4 performance and projects positive 2023 guidance

BRT Apartments showcased strong portfolio performance and strategic acquisitions in Q4 2022, projecting positive guidance for 2023.
While expense growth presents challenges, the company's focus on capital allocation and occupancy management highlights resilience.
Opportunities for growth exist through acquisitions, cost management strategies, and adapting to market dynamics.
Overall, BRT Apartments' proactive approach to investor communication and portfolio enhancement sets a positive trajectory for the future.

BRT Apartments reports mixed Q1 results, eyes strategic opportunities

BRT Apartments Q1 2023 showed operational strength with consistent revenues and successful property transactions
Financial challenges included a net loss, decreased FFO and AFFO, and impacts from non-controllable expenses
Opportunities lie in strategic financial management, NOI improvement, and addressing market-specific challenges for growth

BRT Apartments reports solid performance and addresses challenges for growth

BRT Apartments showcases strong performance with solid rent growth and successful property sale, while addressing challenges like underperformance at specific properties and debt coverage ratios. Opportunities lie in foot traffic improvements, potential distress in '24 for acquisitions, and future capital structure plans.

BRT Apartments reports Q3 loss, affirms guidance amid challenges

BRT Apartments faces challenges from inflation, underperforming assets, and expense growth. Despite this, share repurchases have been accretive, and the company remains optimistic about future investment opportunities. Guidance for 2023 is maintained based on strong year-to-date performance.

BRT Apartments reports resilient performance in 2023 amidst market challenges

BRT Apartments navigated challenges in 2023, focusing on strategic initiatives and operational improvements. Despite market headwinds, the company remains optimistic about future performance and growth opportunities. Share repurchases, project progress, and future partnership deals were key areas of discussion during the earnings call.

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BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.

 - Collects 96% of April Rent Payments –

BRT Apartments Corp.  Provides Update

GREAT NECK, N.Y., Feb.  24, 2020  (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that an entity in which it has a 80% equity interest acquired Abbotts Run Apartments, a 264-unit multi-family property located in Wilmington, North Carolina, for $38.0 million, including $23.2 million of mortgage debt assumed in the acquisition.  The mortgage debt matures in 2030, carries an interest rate of 4.71%, is interest only until 2025 and amortizes on a 30-year amortization schedule thereafter.  The Company received favorable pricing on the property to offset the above-market rate on the assumed debt.  BRT contributed $13.7 million of equity in connection with the acquisition and anticipated improvements to the property.  This is the second property BRT has acquired in North Carolina.

BRT Apartments Corp. Acquires Second Property in North Carolina

GREAT NECK, N.Y., Dec.  19, 2019  (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) today announced the sale of Waterside at Castleton, located in Indianapolis, Indiana, in which the Company held an 80% joint venture equity interest.  The property was sold for an aggregate gross sales price of $36.5 million and a gain of approximately $17.0 million, of which $7.3 million is allocated to the non-controlling interest.  The gain will be recognized in the quarter ending December 31, 2019.  BRT incurred a $1.6 million mortgage defeasance charge, of which $697,000 is allocated to the non-controlling interest. The net gain to BRT, after giving effect to the non-controlling interest and BRT’s share of the defeasance charge, is approximately $8.8 million.  The Company owned Waterside for almost six years over which the property produced an annual IRR greater than 22%.

BRT Apartments Corp. Sells Indianapolis Property for $36.5 Million

GREAT NECK, N.Y., Dec.  09, 2019  (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.22. The dividend is payable January 7, 2020 to stockholders of record on December 20, 2019.  For Federal income tax purposes, it is anticipated that  this dividend will be included in 2019 income and that it will be treated as capital gain. 

BRT Apartments  Corp.  Announces Dividend

BRT Apartments Corp (BRT) CEO Jeffrey Gould on Q3 2019 Results - Earnings Call Transcript

BRT (BRT) delivered FFO and revenue surprises of 23.81% and 4.21%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

BRT Realty (BRT) Beats Q3 FFO and Revenue Estimates

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GREAT NECK, N.Y., Oct.  23, 2019  (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a growing multi-family real estate investment trust with properties located primarily in the Southeast United States and Texas, today announced it will release financial results for the third quarter 2019 after market close on Wednesday, November 6, 2019.

BRT Apartments Corp. Announces Third Quarter 2019 Earnings Release

GREAT NECK, N.Y., Sept.  12, 2019  (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.22, representing an increase of $0.02 per share, or 10% over the prior dividend payment. The dividend is payable October 10, 2019 to stockholders of record on September 25, 2019.

BRT Apartments Corp. Raises Quarterly Dividend 10%

BRT Apartments Corp. (BRT) CEO Jeffrey Gould on Q2 2019 Results - Earnings Call Transcript

BRT (BRT) delivered FFO and revenue surprises of 14.29% and 2.63%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

BRT Realty (BRT) Surpasses Q2 FFO and Revenue Estimates

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Is BRT Apartments (BRT) a great pick from the value investor's perspective right now? Read on to know more.

Should Value Investors Pick BRT Apartments (BRT) Stock?

BRT Apartments Corp. (BRT) CEO Jeffrey Gould on Q1 2019 Results - Earnings Call Transcript

BRT (BRT) delivered FFO and revenue surprises of 0.00% and -2.07%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

News for BRT Apartments Stock (BRT)