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Dec 31, 2022
BRT Q4 2022 Earnings Report
Reported fourth quarter and full year results, issuing full year 2023 guidance.
Key Takeaways
BRT Apartments Corp. reported a net loss of $4.2 million for Q4 2022, with FFO at $0.40 per diluted share and AFFO at $0.37 per diluted share. The company's Combined Portfolio NOI increased by 0.7% for the quarter. Full year 2022 saw a net income of $50.0 million, FFO of $1.24 per diluted share, and AFFO of $1.52 per diluted share.
Reported a net loss of $4.2 million, or $(0.22) per diluted share.
FFO was $0.40 per diluted share and Adjusted Funds from Operations, or AFFO, of $0.37 per diluted share.
Equity in earnings of unconsolidated joint ventures was $580,000.
Combined Portfolio NOI increased 0.7%.
Forward Guidance
The Company issued its full year 2023 guidance ranges for net income, FFO and AFFO per diluted share as well as the accompanying guidance assumptions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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