BRT Apartments

BRT Apartments Corp. is a real estate investment trust, which engages in the ownership, operation, and development of multi-family properties. Its properties include Brixworth at Bridge Street, Silvana Oaks Apartments, Avondale Station, Newbridge Commons, Kendall Manor, and Parkway Grande. The company was founded in 1972 and is headquartered in Great Neck, NY.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

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BRT Apartments reports robust Q4 performance and projects positive 2023 guidance

BRT Apartments showcased strong portfolio performance and strategic acquisitions in Q4 2022, projecting positive guidance for 2023.
While expense growth presents challenges, the company's focus on capital allocation and occupancy management highlights resilience.
Opportunities for growth exist through acquisitions, cost management strategies, and adapting to market dynamics.
Overall, BRT Apartments' proactive approach to investor communication and portfolio enhancement sets a positive trajectory for the future.

BRT Apartments reports mixed Q1 results, eyes strategic opportunities

BRT Apartments Q1 2023 showed operational strength with consistent revenues and successful property transactions
Financial challenges included a net loss, decreased FFO and AFFO, and impacts from non-controllable expenses
Opportunities lie in strategic financial management, NOI improvement, and addressing market-specific challenges for growth

BRT Apartments reports solid performance and addresses challenges for growth

BRT Apartments showcases strong performance with solid rent growth and successful property sale, while addressing challenges like underperformance at specific properties and debt coverage ratios. Opportunities lie in foot traffic improvements, potential distress in '24 for acquisitions, and future capital structure plans.

BRT Apartments reports Q3 loss, affirms guidance amid challenges

BRT Apartments faces challenges from inflation, underperforming assets, and expense growth. Despite this, share repurchases have been accretive, and the company remains optimistic about future investment opportunities. Guidance for 2023 is maintained based on strong year-to-date performance.

BRT Apartments reports resilient performance in 2023 amidst market challenges

BRT Apartments navigated challenges in 2023, focusing on strategic initiatives and operational improvements. Despite market headwinds, the company remains optimistic about future performance and growth opportunities. Share repurchases, project progress, and future partnership deals were key areas of discussion during the earnings call.

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BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.

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In November, I invested $1,400 primarily in Business Development Companies, boosting my yearly dividend income by $148, with a YTD total exceeding $1,400. My portfolio achieved all-time highs, driven by a strong earnings season and a dovish Fed, with BDCs like Goldman Sachs BDC and Blackstone Secured Lending Fund as key picks. November's dividend income hit a record $620, a 20% Y/Y growth, mainly due to ongoing investments into Hercules Capital.

My Dividend Stock Portfolio: New November Dividend Record - 97 Holdings With 18 Buys

GREAT NECK, N.Y., Dec. 11, 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 January 6, 2025, to stockholders of record at the close of business on December 23, 2024.   BRT anticipates that this dividend will be included in 2025 Federal taxable income.

BRT Apartments Corp. Announces Quarterly Dividend

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Investment activity in October focused on Business Development Companies, with $1,300 added to the market. Adjusted dividend income in October of $789, up 25% Y/Y and up 11% sequentially. Main picks included Blackstone Secured Lending, Goldman Sachs BDC, and Midcap Financial Investment Corporation.

My Dividend Stock Portfolio: New October Dividend Record - 100 Holdings With 15 Buys

BRT Realty (BRT) came out with quarterly funds from operations (FFO) of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to FFO of $0.41 per share a year ago.

BRT Realty (BRT) Q3 FFO and Revenues Beat Estimates

GREAT NECK, N.Y., Nov. 07, 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 September 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.”

BRT Apartments Corp. Files Third Quarter 2024 Financial Statements

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September's investment activity was minimal, with $1,000 invested mainly in Business Development Companies, while I traveled through Hungary, Albania, and Oman. Traveling highlighted the benefits of lower living costs abroad, reinforcing the idea that financial independence is about where and how you live. My September dividend income hit a record $1,141, driven by Ares Capital and MidCap Financial, with a focus on high-yield BDCs.

My Dividend Stock Portfolio: New September Dividend Record - 100 Holdings With 12 Buys

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.

BRT Apartments: A Turnaround Opportunity Is On The Horizon

Investment activity in July focused on Business Development Companies, with $2,000 added to the market. Adjusted dividend income in July of $709, up 19% Y/Y and down 4% sequentially. Main picks included Blackstone Secured Lending, Ares Capital and Owl Rock Capital.

My Dividend Stock Portfolio: New July Dividend Record - 101 Holdings With 24 Buys

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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 Apartments: Well-Positioned To Benefit From Real Estate Cap Rate Compression

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.

BRT Realty (BRT) Q2 FFO Miss Estimates

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.”

BRT Apartments Corp. Files Second Quarter 2024 Financial Statements

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In July, we (my wife and I) received a dividend income total of $2,836.82. 2023 was up 24%. 7 months down in 2024 and the S&P 500 is still up almost 13%, despite the recent sell-offs. We have a high likelihood of a rate cut in September, but too much speculation is happening beyond that date. Time is ticking on that FOMC meeting.

Dividend Income: Lanny's July 2024 Summary

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From a fundamental standpoint, this may be a good time to invest in REITs with high yields. It's crucial to avoid mousetrap REITs with high dividend yields that may be unsustainable, as dividend cuts quickly lead to dramatic losses in share value and reduced income. This article lists 22 equity REITs in significant danger of a dividend cut within the next 12 months.

7 Potential Mousetrap REITs - High, Potentially Unsafe Yields

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.

BRT Apartments Corp. Announces Filing Date for Second Quarter 2024 Earnings Results

Investment activity remained high in June, focusing on BDCs aiming to increase dividend income by at least $100 each month. Adjusted dividend income in June is up 27% Y/Y and 5% vs the previous quarter. Main portfolio picks included Ares Capital, Hercules Capital, Goldman Sachs BDC, and MidCap Financial Investment Corporation.

My Dividend Stock Portfolio: New June Dividend Record - 101 Holdings With 22 Buys

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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.

7 REITs Yielding 5% (or More) With Strong Upside Potential

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GPRK, BRT and TRMK made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 11, 2024.

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These REITs have a price-to-NAV range of 0.27x to 0.59x. There may be upside of more than 200% to the NAV estimate, which will probably decline over time. The estimates may be terrible. That's not my fault. You'll probably have a better time reading this, than reading my competitor's articles.

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Portfolio changes in April focus on BDCs, aiming to increase dividend income by at least $100 each month. Dividend income hit a new all-time record for April of $736, basically flat Y/Y and up 12% sequentially. Gifted Working Time 2024: Around 85 hours, or 10.6 days, of active work have been replaced with passive income in 2024, which is equivalent to more than two entire workweeks.

My Dividend Stock Portfolio: New April Dividend Record - 101 Holdings With 22 Buys

GREAT NECK, N.Y., May 08, 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 March 31, 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.”

BRT Apartments Corp. Files First Quarter 2024 Financial Statements

BRT Apartments Corp. shares have dropped nearly 30% since August 2022 due to higher rates and oversupply in Sun Belt markets. The company has been actively refurbishing distressed properties and selling them for a profit, but undercurrents have slowed its progress. BRT Apartments Corp also has a repurchase program fueled by asset sales, a near 5.4% yield, and recent insider buying.

BRT Apartments: High Yield Play With Some Concerns

GREAT NECK, N. Y., April 25, 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 March 31, 2024 with the Securities and Exchange Commission on or about May 9, 2024. The Company does not intend to conduct an earnings call to discuss the results.

BRT Apartments Corp. Announces Filing Date for First Quarter 2024 Earnings Results

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BRT Apartments Corp. (BRT) Q4 2023 Earnings Call Transcript

News for BRT Apartments Stock (BRT)