BRT Earnings Reports

BRT Apartments delivered stronger operational results in Q1 2025 with notable increases in Funds From Operations and Adjusted Funds From Operations. Although the company posted a net loss, stabilized occupancy and moderate rent growth helped maintain income stability across its portfolio.

BRT Apartments Corp. reported a net loss of $2.2 million, or $(0.12) per diluted share, for Q3 2024. However, Funds from Operations (FFO) was $0.30 per diluted share, and Adjusted Funds from Operations (AFFO) was $0.36 per diluted share. The Combined Portfolio NOI saw a slight increase of 0.6% compared to the prior-year period.

BRT Apartments Corp. reported a net loss of $2.3 million for Q2 2024, with a loss per diluted share of $(0.13). However, Funds from Operations (FFO) was $0.29 per diluted share, and Adjusted Funds from Operations (AFFO) was $0.35 per diluted share, aligning with the company's 2024 outlook. The Combined Portfolio NOI increased 1.8% compared to the prior-year period.

BRT Apartments Corp. reported a net loss of $3.2 million, or ($0.17) per diluted share, FFO of $0.25 per diluted share, and AFFO of $0.35 per diluted share for the first quarter of 2024. Combined Portfolio NOI increased 1.6% compared to the prior-year period.

BRT Apartments Corp. reported a net loss of $1.7 million, or $(0.11) per diluted share, for the fourth quarter of 2023. Funds from Operations (FFO) was $0.34 per diluted share, and Adjusted Funds from Operations (AFFO) was $0.38 per diluted share. Combined Portfolio NOI increased by 6.4%.

BRT Apartments Corp. reported a net loss of $1.5 million for Q3 2023, with a loss per diluted share of $(0.08). However, Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO) increased compared to the corresponding quarter in 2022. The company repurchased shares and affirmed its full-year 2023 guidance.

BRT Apartments Corp. reported a net income of $11.2 million, or $0.58 per diluted share, for the second quarter ended June 30, 2023. The company affirmed its full year 2023 guidance and completed the disposition of a joint venture asset in Dallas, TX.

BRT Apartments Corp. reported a net loss of $4.1 million, or $(0.21) per diluted share, for the first quarter ended March 31, 2023. However, the company affirmed its full year 2023 guidance. Combined Portfolio NOI increased 1.0% for the first quarter when compared with the prior-year period.

BRT Apartments Corp. reported a net loss of $4.2 million for Q4 2022, with FFO at $0.40 per diluted share and AFFO at $0.37 per diluted share. The company's Combined Portfolio NOI increased by 0.7% for the quarter. Full year 2022 saw a net income of $50.0 million, FFO of $1.24 per diluted share, and AFFO of $1.52 per diluted share.

BRT Apartments Corp. reported a net income of $7.06 million, or $0.37 per diluted share, FFO of $5.41 million, or $0.29 per diluted share, and AFFO of $7.17 million, or $0.38 per diluted share for the three months ended September 30, 2022. The portfolio continued to perform well, driven by strong operational results and strategic acquisitions.

BRT Apartments Corp. reported a substantial increase in net income and AFFO per diluted share for the second quarter of 2022. The company benefited from equity in earnings from the sale of unconsolidated joint venture properties and improved operating margins across its portfolio.

BRT Apartments Corp. reported a strong first quarter in 2022, marked by a substantial increase in net income and AFFO per diluted share. The company benefited from same store property NOI growth and made significant progress in enhancing its portfolio through strategic acquisitions and dispositions.

BRT Apartments Corp. reported a net loss of $1.25 million for the three months ended December 31, 2021. However, the portfolio continued to perform very well, with increased same store occupancy and average monthly rent.

BRT Apartments Corp. reported a net income of $28.11 million, or $1.54 per diluted share, for the three months ended September 30, 2021. The company's performance was driven by the strong performance of its high-quality portfolio and the continued hard work of its team. BRT also strengthened its capital structure by reducing leverage and growing its wholly-owned holdings through joint venture buyouts.

BRT Apartments Corp. reported a strong second quarter for 2021, with significant year-over-year growth in FFO and AFFO per diluted share. The company benefited from higher rental and occupancy rates, completed strategic property sales, and reduced debt.

BRT Apartments Corp. reported first quarter results for 2021, showing a reduced net loss and increased Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO). The company highlighted improvements in same-store net operating income and strategic capital allocation.

BRT Apartments Corp. reported a net loss of $3.30 million for the three months ended December 31, 2020, with FFO of $4.97 million and AFFO of $5.64 million. The company increased occupancy, grew average monthly rental revenue, and generated NOI growth at consolidated properties.

BRT Apartments Corp. reported a net loss of $7.48 million for the third quarter of 2020, compared to a net income of $3.27 million for the same period in 2019. However, Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO) increased year-over-year, driven by factors such as reduced interest expense and an insurance recovery.

BRT Apartments Corp. reported a net loss of $4.25 million for the second quarter of 2020, but collected 98% of billed amounts. The company remains focused on tenant and team member well-being and is monitoring markets while protecting stockholder interests and liquidity.

BRT Apartments Corp. reported a net loss of $4.8 million, or $0.29 per diluted share, for the first quarter of 2020. FFO was $3.3 million, or $0.19 per diluted share, and AFFO was $4.0 million, or $0.23 per diluted share.