Welcome to our dedicated page for Brt Apartments news (Ticker: BRT), a resource for investors and traders seeking the latest updates and insights on Brt Apartments stock.
Stay informed with the latest news and developments from BRT Apartments Corp, a real estate investment trust specializing in multi-family residential properties across the Sun Belt region of the United States. This news feed delivers timely updates on portfolio acquisitions, property developments, operational performance, and strategic initiatives from this NYSE-listed apartment REIT.
BRT Apartments Corp focuses on owning, operating, and developing garden apartments, mid-rise buildings, and townhome-style residential communities primarily in the Southeastern United States and Texas. The company pursues a value-add investment strategy, acquiring properties with potential for operational improvements and targeted renovations to enhance value and support rental growth. News coverage includes property transactions, joint venture activities, renovation program updates, and market expansion efforts.
As a publicly traded REIT, BRT Apartments Corp regularly communicates with investors and stakeholders through press releases covering quarterly results, dividend declarations, portfolio updates, and significant corporate events. The company's geographic concentration in high-growth Sun Belt markets positions it to benefit from demographic trends including population migration and employment growth in these regions.
Follow this page to track developments affecting BRT's multi-family property portfolio, including new acquisitions, disposition activities, capital raising initiatives, and strategic partnerships. Whether monitoring the company's expansion into new markets or tracking operational performance across its existing portfolio, this news feed provides comprehensive coverage of all material announcements from BRT Apartments Corp.
BRT Apartments Corp. reported a net loss of $3.30 million for Q4 2020, translating to $0.19 per diluted share. For the full year, net loss totaled $19.86 million or $1.16 per diluted share. Despite these losses, the company achieved 15.6% growth in AFFO year-over-year, driven by increased occupancy and rental revenues.
Rental revenues from consolidated properties grew 3.8% to $7.03 million in Q4 2020, while total expenses at consolidated properties decreased 2.9%. The company maintains a strong balance sheet with $19.89 million in cash as of December 31, 2020.
BRT Apartments Corp. (NYSE:BRT) has announced a quarterly dividend of $0.22 per share, which will be payable on April 7, 2021 to stockholders of record as of March 24, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders while maintaining a robust performance in its multi-family property investments.
BRT Apartments Corp. (NYSE:BRT) is set to release its fourth-quarter financial results for 2020 on March 11, 2021, after market close. The company, based in Great Neck, NY, specializes in multi-family real estate investments primarily in the Southeast U.S. and Texas. A conference call to discuss the results will take place the following day, March 12, 2021, at 8:30 a.m. ET. Investors can participate via telephone or through a live webcast on the company’s investor relations website.
BRT Apartments Corp. (NYSE:BRT) has declared a quarterly dividend of $0.22 per share on its common stock. This dividend is payable on January 7, 2021, to stockholders of record as of December 17, 2020. For federal income tax purposes, this dividend will be included in the 2021 taxable income.
BRT APARTMENTS CORP. (NYSE:BRT) reported a net loss of $7.48 million, or $0.44 per diluted share, for Q3 2020, compared to a profit of $3.27 million in Q3 2019. The loss included a $3.64 million impairment charge. However, Funds from Operations (FFO) increased to $4.56 million from $1.96 million year-over-year, driven by lower interest expenses and an insurance recovery. The average rental rate rose to $1,085 per month, with occupancy improving to 95.8%. Despite the pandemic's challenges, BRT collected 98% of billed rents and aims to resume property upgrades in 2021.
BRT Apartments Corp. (NYSE:BRT) announced its upcoming financial results for Q3 2020, set to be revealed after market close on November 5, 2020. A conference call will follow on November 6, 2020, at 8:30 a.m. ET, led by CEO Jeffrey A. Gould. Investors can participate via phone or webcast. A replay of the call will be available starting November 6, 2020, at 11:30 a.m. ET until November 20, 2020. For detailed financial insights, the Company encourages reviewing its Q3 2020 10-Q report, which will be accessible through its investor relations website.
BRT Apartments Corp. (NYSE: BRT) has declared a quarterly dividend of $0.22 per share on its common stock. This dividend is scheduled for payment on October 12, 2020 to shareholders recorded as of September 25, 2020. BRT operates as a real estate investment trust, owning and managing multi-family properties, either directly or through joint ventures. More detailed financial information can be accessed through their official website.
BRT Apartments Corp. (NYSE:BRT) reported its Q2 2020 results, noting a net loss of $4.25 million, or $0.25 per diluted share, slightly better than Q2 2019's $4.32 million loss. Funds from Operations (FFO) increased to $4.19 million from $3.48 million, while Adjusted Funds from Operations (AFFO) rose to $4.71 million, reflecting effective management during the pandemic. Rental revenue from consolidated properties declined 6.2% to $6.66 million, while unconsolidated properties saw an 8.8% increase in rental revenue to $31.54 million. BRT maintains a robust liquidity position with approximately $32.86 million available.
BRT APARTMENTS CORP. (NYSE:BRT) will release its financial results for Q2 2020 on August 10, 2020, after market close. A conference call to discuss the results will be held on August 11, 2020, at 8:30 a.m. ET, led by CEO Jeffrey A. Gould. Interested parties can join through a dial-in or via live webcast on the company’s investor relations website. A replay of the conference will be available from August 11 until August 25, 2020. Investors are encouraged to review the upcoming Quarterly Report on Form 10-Q for insights into the quarter ended June 30, 2020.
BRT Apartments Corp. (NYSE:BRT) reported a net loss of $4.8 million for Q1 2020, slightly widened from a $4.2 million loss in Q1 2019. Funds from Operations (FFO) rose to $3.3 million, while Adjusted Funds from Operations (AFFO) increased to $4.0 million. The company successfully collected 98% of billed amounts for April/May and 95% for June 2020. As of June 15, BRT owns 39 properties with 11,042 units, despite a 2.9% drop in rental revenue to $6.7 million from $6.9 million. The company maintains a strong liquidity position with $33.4 million available, even amidst COVID-19 challenges.
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