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Mar 31, 2020
BRT Q1 2020 Earnings Report
BRT reported first quarter results for 2020.
Key Takeaways
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.
Collected 98% of April and May 2020 billed amounts.
Collected 95% of June 2020 billed amounts.
Average total occupancy at stabilized properties was approximately 93.3%.
Average rental rate per occupied unit at stabilized properties was approximately $1,013 per month.
BRT
BRT
BRT Revenue by Segment
Revenue by Segment
Rental and Other Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
BRT is in a position of strength as we continue to successfully execute in the face of the COVID-19 pandemic and remains committed to creating long term stockholder value and wish to remain well positioned as we navigate this unprecedented time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income