Brt Apartments Corp Stock Price, News & Analysis

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.

BRT Apartments Corp. (NYSE:BRT) declared a quarterly dividend of $0.22 per share, payable on July 9, 2020, to stockholders of record as of June 26, 2020. This decision reflects the company’s ongoing commitment to providing shareholder returns. BRT is a real estate investment trust that owns and operates multi-family properties, either directly or through joint ventures. For more information about its operations, stakeholders can visit BRT's website.

BRT Apartments Corp. (NYSE:BRT) provided a business update highlighting the strong performance of the multi-family rental sector amid COVID-19. As of May 18, 2020, the company collected 96% of rents from its properties for May, consistent with April's collection rates. BRT is actively working with residents facing economic challenges to establish fair payment plans. All corporate staff remain employed and remote work procedures are in place. The company is current on financial obligations despite uncertainties related to the pandemic and its impact on operations.