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.
BRT Apartments Corp (NYSE: BRT) is a Maryland-incorporated real estate investment trust that focuses on multi-family residential properties. In its public communications, the company describes itself as a REIT that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties, and it also makes preferred equity investments in joint ventures that own multi-family properties.
This news page aggregates company announcements and regulatory-related updates for BRT. Readers can find press releases about property acquisitions, such as the purchase of specific multi-family apartment complexes through joint ventures, as well as information about financing activities, including mortgage borrowings, refinancings and use of a corporate credit facility in connection with equity contributions to joint ventures.
The company also issues news releases about its quarterly dividends, stating the dividend amount per share and relevant record and payment dates, and in at least one case it has discussed the expected federal income tax treatment of a dividend. In addition, BRT announces the filing of its quarterly and annual reports with the Securities and Exchange Commission and provides high-level descriptions of the availability of financial statements and supplemental financial information.
Other news items include updates on management changes, such as the appointment or planned retirement of certain executive officers, which are also reflected in related Form 8-K filings. Investors and observers who follow BRT’s news can use this page to review the company’s own descriptions of its multi-family property portfolio, joint ventures, preferred equity investments, dividend declarations, financing transactions and governance developments over time.
BRT Apartments Corp. (NYSE:BRT) reported a net loss of $3.77 million for Q1 2021, a decrease from $4.83 million in the same period last year. Funds from Operations (FFO) increased to $6.03 million, reflecting positive contributions from insurance recoveries. Adjusted Funds from Operations (AFFO) also rose to $5.13 million, supported by improved operating margins. Significant portfolio performance improvements included a 5.2% increase in rental revenue from consolidated properties. The company recorded a 3.3% growth in same store NOIs and anticipates closing a $24.5 million property sale in May 2021.
BRT Apartments Corp. (NYSE:BRT) will release its financial results for Q1 2021 on May 6, 2021, after the market closes. A conference call with CEO Jeffrey A. Gould is scheduled for May 7, 2021, at 8:30 a.m. ET to discuss these results. Callers in the U.S. can dial 1-877-407-9208, while international callers should dial 1-201-493-6784. A replay of the conference call will be available from May 7 until May 21, 2021.
Investors can also access additional financial information via the company's website.
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.