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Dec 31, 2020
BRT Q4 2020 Earnings Report
Delivered strong operational performance for the quarter and year.
Key Takeaways
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.
Net loss attributable to common stockholders was $3.30 million, or $0.19 per diluted share.
FFO was $4.97 million, or $0.29 per diluted share.
AFFO was $5.64 million, or $0.33 per diluted share.
Rental and other revenues from consolidated properties grew 3.8% to $7.03 million.
BRT
BRT
Forward Guidance
The company is confident in its positioning for the year ahead and looks forward to resuming the pursuit of external growth opportunities for its stockholders.