BRT Apartments Corp. Declares First Quarter 2025 Dividend and Announces Increase to Current Stock Repurchase Program
BRT Apartments Corp (NYSE: BRT) has announced two significant corporate actions.
Sentiment and the balance of points
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Rhea-AI Summary
BRT Apartments Corp (NYSE: BRT) has announced two significant corporate actions. The company declared a quarterly dividend of $0.25 per share, payable on April 4, 2025, to stockholders of record as of March 27, 2025. Additionally, the Board of Directors has enhanced the company's share repurchase program by extending it through December 2026 and increasing the repurchase authorization to $10 million.
BRT, a real estate investment trust, primarily focuses on owning and operating multi-family properties. As of December 31, 2024, the company's portfolio includes interests in 29 multi-family properties comprising 7,947 units across 11 states, along with preferred equity investments in two multi-family properties.
Positive
- Extended share repurchase program through December 2026 with increased authorization to $10 million
- Maintained quarterly dividend payment of $0.25 per share
- Substantial portfolio of 7,947 units across 29 multi-family properties
Negative
- None.
Details
News Market Reaction – BRT
The recorded move for BRT in the trading session of this news was +4.20%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
GREAT NECK, N.Y., March 11, 2025 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE: BRT) announced today that its Board of Directors declared a quarterly dividend of
BRT is a real estate investment trust that owns, operates, and, to a lesser extent, makes preferred equity investments in joint ventures that own multi-family properties. As of December 31, 2024, BRT owns or has interests in 29 multi-family properties with 7,947 units in 11 states and has preferred equity investments in two multi-family properties. For additional information on BRT’s operations, activities and properties, please visit its website at www.brtapartments.com.
Contact:
BRT APARTMENTS CORP.
60 Cutter Mill Road
Suite 303
Great Neck, New York 11021
Telephone: (516) 466-3100
Email: investors@BRTapartments.com
www.BRTapartments.com
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