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Sep 30, 2023
BRT Q3 2023 Earnings Report
Reported a net loss for the third quarter of 2023, but FFO and AFFO per share increased year-over-year due to portfolio stability and strategic capital allocation.
Key Takeaways
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.
Net loss of $1.5 million, or $(0.08) per diluted share was reported.
Funds from Operations (FFO) was $0.31 per diluted share.
Adjusted Funds from Operations (AFFO) was $0.41 per diluted share.
Combined Portfolio NOI decreased 0.4% compared to the prior-year period.
Forward Guidance
The Company affirmed its full year 2023 guidance and accompanying assumptions previously issued on March 14, 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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