Profile
Sector:
Real EstateIndustry:
ResidentialCountry:
United StatesIPO:
03 May 1973Website:
http://www.brtapartments.comNext earnings report:
06 November 2024Last dividends:
24 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:16:17 GMTAnalysts recommendations
Institutional Ownership
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BRT Latest News
BRT Apartments Corp. is a multifamily REIT with strong occupancy rates and rents per unit, despite its recent financial challenges. Rising interest expenses and negative real growth have led to net losses, but refinancing could alleviate financial strain. Negative real revenue growth might abate as disinflation cools.
GREAT NECK, N.Y., Sept. 10, 2024 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that its Board of Directors declared a quarterly dividend of $0.25 per share. The dividend is payable October 2, 2024, to stockholders of record at the close of business on September 24, 2024. BRT estimates that if it does not sell any multi-family properties this year, that substantially all of its dividends to be paid in 2024 will be treated for federal income tax purposes as a return of capital.
BRT Apartments is a residential REIT focused on the Sun Belt region. The REIT has underperformed the Vanguard Real Estate Index Fund so far in 2024. Q2 showed lower adjused FFO but higher net operating income, with occupancy flat Y/Y.
BRT Realty (BRT) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.37 per share a year ago.
GREAT NECK, N.Y., Aug. 09, 2024 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that own multi-family properties, announced that it has filed its quarterly report on Form 10-Q for the quarter ended June 30, 2024 with the Securities and Exchange Commission. The financial statements and supplemental financial information can be accessed on the Company's investor relations website under the caption “Financials – Quarterly Results.”
GREAT NECK, N.Y., July 24, 2024 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that own multi-family properties, today announced it intends to file its Form 10-Q for the quarter ended June 30, 2024 with the Securities and Exchange Commission on or about August 7, 2024.
For investors uncertain about broader market dynamics, real estate investment trusts or REITs offer an excellent avenue to put your money to work. I think it's safe to say that the number one reason people consider this sector is the often-robust passive income potential.
GPRK, BRT and TRMK made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 11, 2024.
BRT Apartments Corp. (BRT) Q4 2023 Earnings Call Transcript
GREAT NECK, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that own multi-family properties, today announced it will release financial results for the fourth quarter ended December 31, 2023 after the market closes on Tuesday, March 12, 2024.
- 1(current)
What type of business is BRT Apartments?
BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.
What sector is BRT Apartments in?
BRT Apartments is in the Real Estate sector
What industry is BRT Apartments in?
BRT Apartments is in the Residential industry
What country is BRT Apartments from?
BRT Apartments is headquartered in United States
When did BRT Apartments go public?
BRT Apartments initial public offering (IPO) was on 03 May 1973
What is BRT Apartments website?
https://www.brtapartments.com
Is BRT Apartments in the S&P 500?
No, BRT Apartments is not included in the S&P 500 index
Is BRT Apartments in the NASDAQ 100?
No, BRT Apartments is not included in the NASDAQ 100 index
Is BRT Apartments in the Dow Jones?
No, BRT Apartments is not included in the Dow Jones index
When was BRT Apartments the previous earnings report?
No data
When does BRT Apartments earnings report?
The next expected earnings date for BRT Apartments is 06 November 2024