Loading...
•
Mar 31, 2023
BRT Q1 2023 Earnings Report
Reported a net loss and affirmed full year guidance.
Key Takeaways
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.
Reported a net loss of $4.1 million, or $(0.21) per diluted share.
Equity in earnings of unconsolidated joint ventures was $815,000.
Combined Portfolio NOI increased 1.0% for the first quarter.
Fully repaid outstanding borrowings of $19 million on the $60 million credit facility.
BRT
BRT
Forward Guidance
The Company affirmed its full year 2023 guidance and accompanying assumptions previously issued on March 14, 2023.