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.

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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.

GREAT NECK, N.Y., Sept. 01, 2022 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) today announced that the unconsolidated joint venture in which it holds an 80% equity interest, completed the sale of a 204-unit multifamily property, Waters' Edge, located in Columbia, South Carolina, for approximately $32.4 million. BRT generated an approximate 20% IRR from this property over the six years it was owned. BRT received net proceeds of approximately $13.3 million from the sale and estimates it will recognize an $11.4 million gain and $385,000 of mortgage prepayment charges, representing its share of such gain and charge. In 2021, this property contributed $66,000 of equity in loss of unconsolidated joint ventures.

BRT Apartments Corp. Completes Sale for $11.4 Million Gain

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BRT Apartments has been the 6th best performing REIT investment of the past 5 years. In January, I picked Apartment REITs to outperform the REIT average.

BRT Apartments: Growing Revenues, Dividends, And Debt

BRT Apartments Corp. (NYSE:BRT ) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Stephen Swett - Investor Relations Jeffrey Gould - President and Chief Executive Officer George Zweier - Chief Financial Officer Ryan Baltimore - Chief Operating Officer David Kalish - Senior Vice President Conference Call Participants Gaurav Mehta - EF Hutton Craig Kucera - B. Riley Securities Michael Gorman - BTIG Operator Thank you for standing by.

BRT Apartments Corp. (BRT) CEO Jeffrey Gould on Q2 2022 Results - Earnings Call Transcript

– Net Income and AFFO Per Diluted Share Increase 461.8% and 19.4%, Respectively –

BRT Apartments Corp. Reports Second Quarter Results for 2022

GREAT NECK, N.Y., July 26, 2022 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a 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 second quarter of 2022 after the market close on Monday, August 8, 2022.

BRT Apartments Corp. Announces Second Quarter 2022 Earnings Release

GREAT NECK, N.Y., July 12, 2022 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) today announced it completed the purchase, for an aggregate of $36.2 million, of the remaining approximate 25% interest held by its joint venture partner in Civic Center I and Civic Center II, two multi-family properties with an aggregate of 776 units located in Southaven, Mississippi. In 2021, these properties contributed an aggregate of $1.1 million in equity in earnings of unconsolidated joint venture. As a result of the completion of this purchase, BRT will include on its consolidated balance sheet the approximate $57.4 million of mortgage debt currently on these properties, with a weighted average interest rate of 3.97% and 3.9 years of weighted average remaining term to maturity.

BRT Apartments Corp. Completes Purchase of Remaining 25% Interest in Partnership That Owns Civic Center I and Civic Center II

As part of its portfolio enhancing and expansion efforts, BRT Apartments (BRT) acquires its remaining interest in the entity that owns Grove at River Place. It also disposed of The Vive.

BRT Apartments (BRT) Completes Buyout, Divests Property

– Purchases Remaining 20% Interest in Partnership that Owns Grove at River Place –

BRT Apartments Corp. Completes Transactions

GREAT NECK, N.Y., June 15, 2022 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) today announced that its stockholders will have an opportunity to participate in its Dividend Reinvestment Plan (the “Plan”). BRT's board of directors has adopted the Plan to provide stockholders of record on the applicable record date with the opportunity to designate all or a portion of the cash dividends they are entitled to receive on their shares of common stock for reinvestment in additional shares of the Company's common stock.

BRT Apartments Corp. Announces Initiation of Dividend Reinvestment Plan

– Expects to Realize in Excess of a $16 million Gain on Sale –

BRT Apartments Corp. Completes Sale of Retreat at Cinco Ranch

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This article series provides a weekly summary of dividend changes. A summary table provides relevant data and key statistics on dividend increases.

Dividend Increases: June 4-10, 2022

GREAT NECK, N.Y., June 08, 2022 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that its Board of Directors declared a quarterly dividend of $0.25 per share on the Company's common stock, representing an increase of $0.02 per share, or 8.7%, over the prior dividend. The dividend is payable July 8, 2022 to stockholders of record on June 30, 2022.

BRT Apartments Corp. Raises Quarterly Dividend 8.7%

BRT is trading very cheaply. There are catalysts in place to improve its multiple.

BRT Apartments Is Overlooked By The Market

BRT Apartments Corp. (NYSE:BRT ) Q1 2022 Earnings Conference Call May 10, 2022 8:30 AM ET Company Participants Stephen Swett - Investor Relations Jeffrey Gould - President & CEO George Zweier - CFO Ryan Baltimore - COO David Kalish - SVP Conference Call Participants Craig Kucera - B. Riley FBR Operator Good day and welcome to the BRT Apartments Corp, First Quarter 2022 Conference Call.

BRT Apartments Corp. (BRT) CEO Jeffrey Gould on Q1 2022 Results - Earnings Call Transcript

BRT (BRT) delivered FFO and revenue surprises of 14.71% and 2%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

BRT Realty (BRT) Q1 FFO and Revenues Beat Estimates

Net Income and AFFO Per Diluted Share Increase 382% and 30%, Respectively

BRT Apartments Corp. Reports First Quarter Results For 2022

GREAT NECK, N.Y., April 29, 2022 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a 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 first quarter of 2022 after the market close on Monday, May 9, 2022.

BRT Apartments Corp. Announces First Quarter 2022 Earnings Release

Everybody loves a Top 10 countdown. For total return, BRT Apartments has been the 6th-best REIT investment of the past 5 years out of nearly 300 companies.

BRT Apartments: The 6th Best REIT Investment Of The Last 5 Years

GREAT NECK, N.Y., April 12, 2022 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) today announced that it completed the acquisition of the remaining interests in joint ventures that own two multi-family properties with an aggregate of 462 units. The purchase price for these interests was $12.8 million and because these properties are wholly owned, the Company will include the assets and liabilities of these properties on its consolidated balance sheet, including the aggregate mortgage debt currently on these properties of, as of March 31, 2022, $56.7 million, with a weighted average remaining term to maturity of, 8.4 years, and a weighted average interest rate of 4.04%. In aggregate, these two properties contributed approximately $150,000 of equity in loss of unconsolidated joint ventures in 2021.

BRT Apartments Corp. Acquires Remaining JV Interests in Two Communities for a Purchase Price of $12.8 Million; Additional Agreements in Place to Acquire Remaining Interests in Nine Communities for a Purchase Price of $89.3 Million

BRT Apartments Corp. (BRT) CEO Jeffrey Gould on Q4 2021 Results - Earnings Call Transcript

Continues to Consolidate Portfolio Through Attractive Buy-Outs of JV Partners Continues to Consolidate Portfolio Through Attractive Buy-Outs of JV Partners

BRT Apartments Reports Fourth Quarter and Year End 2021 Results

GREAT NECK, N.Y., Feb. 25, 2022 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a 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 fourth quarter of 2021 after the market close on Monday, March 14, 2022.

News for BRT Apartments Stock (BRT)