BRT ApartmentsNYSE: BRT

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.

BRT Apartments Corp. is a REIT that owns and operates multi-family properties. Though there is a mixed picture regarding its liquidity and performance, there are enough things to like about the company. Nevertheless, investors are better off adding this to a watchlist and familiarizing themselves with those things in case the stock price ever decreases.

BRT Apartments Corp (NYSE:BRT ) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants Tripp Sullivan - Head of Investor Relations Jeffrey Gould - President, Chief Executive Officer & Director George Zweier - Vice President & Chief Financial Officer Ryan Baltimore - Chief Operating Officer Conference Call Participants Barry Oxford - Colliers Operator Good morning and welcome to the BRT Apartments Corp. Third Quarter Earnings Conference Call. Today's conference is being recorded.

BRT Apartments Corp is a residential REIT focused on apartments, with a stock down 31% from recent highs even though the company's fundamentals didn't change. The company has been transforming its portfolio, improving performance and reducing debt. While debt with adjustable ratio is a concern there aren't any major debt maturities until 2026. This might be a good time to start buying this stock for investors with long-term focus who want to add exposure to the residential market.

BRT Realty (BRT) came out with quarterly funds from operations (FFO) of $0.37 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to FFO of $0.37 per share a year ago.

BRT Apartments Corp. reported impressive quarterly revenue growth and signed an agreement to acquire a 238-unit multifamily property in Richmond, VA. The company's operations are concentrated in the development and management of family property projects, with revenue coming from partner payments, property management, and asset sales. Analysts expect net sales and EBITDA growth in 2023, and BRT's solid balance sheet and potential geographic expansion make it an undervalued stock to watch.