BRT Apartments Corp. Declares First Quarter 2025 Dividend and Announces Increase to Current Stock Repurchase Program

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.

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 $0.25 per share. The dividend is payable April 4, 2025, to stockholders of record at the close of business on March 27, 2025. The Board of Directors also announced that it approved the extension of the Company’s share repurchase program through December 2026 and increased the value of the shares to be repurchased to $10 million.

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

FAQ

What is the new quarterly dividend amount announced by BRT Apartments for Q1 2025?

BRT Apartments announced a quarterly dividend of $0.25 per share, payable on April 4, 2025, to stockholders of record as of March 27, 2025.

How much has BRT Apartments increased its share repurchase program to?

BRT Apartments has increased its share repurchase program authorization to $10 million, extending through December 2026.

How many multi-family properties does BRT Apartments own as of December 2024?

As of December 31, 2024, BRT owns or has interests in 29 multi-family properties with 7,947 units across 11 states.

When is the record date for BRT Apartments' Q1 2025 dividend?

The record date for BRT Apartments' Q1 2025 dividend is March 27, 2025.