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Dec 31, 2021
BRT Q4 2021 Earnings Report
Portfolio consolidated through attractive buy-outs of JV partners, and performance remained strong.
Key Takeaways
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.
Net loss attributable to common stockholders was $1.25 million, or $0.08 per diluted share.
FFO was $6.3 million, or $0.35 per diluted share.
AFFO was $7.5 million, or $0.41 per diluted share.
Rental and other revenues grew 46.2% to $10.28 million.
BRT
BRT
Forward Guidance
The company is confident in its portfolio, growth strategy, and the strength of its team, and looks forward to driving continued growth for its stockholders.