BRT Apartments Corp. (BRT)
| Market Cap | 391.21M |
| Revenue (ttm) | 96.74M |
| Net Income (ttm) | -9.75M |
| Shares Out | 19.77M |
| EPS (ttm) | -0.55 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $1.00 (5.06%) |
| Ex-Dividend Date | Sep 24, 2024 |
| Volume | 5,709 |
| Open | 19.44 |
| Previous Close | 19.76 |
| Day's Range | 19.35 - 19.79 |
| 52-Week Range | 15.21 - 20.12 |
| Beta | 1.08 |
| Analysts | Strong Buy |
| Price Target | 21.83 (+10.31%) |
| Earnings Date | Nov 7, 2024 |
About BRT
BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states. [Read more]
Financial Performance
In 2023, BRT Apartments's revenue was $95.70 million, an increase of 35.62% compared to the previous year's $70.56 million. Earnings were $2.92 million, a decrease of -93.85%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for BRT stock is "Strong Buy." The 12-month stock price forecast is $21.83, which is an increase of 10.31% from the latest price.
News
My Dividend Stock Portfolio: New October Dividend Record - 100 Holdings With 15 Buys
Investment activity in October focused on Business Development Companies, with $1,300 added to the market. Adjusted dividend income in October of $789, up 25% Y/Y and up 11% sequentially. Main picks i...
BRT Apartments Corp. Files Third Quarter 2024 Financial Statements
GREAT NECK, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that...
My Dividend Stock Portfolio: New September Dividend Record - 100 Holdings With 12 Buys
September's investment activity was minimal, with $1,000 invested mainly in Business Development Companies, while I traveled through Hungary, Albania, and Oman. Traveling highlighted the benefits of l...
BRT Apartments: A Turnaround Opportunity Is On The Horizon
BRT Apartments Corp. is a multifamily REIT with strong occupancy rates and rents per unit, despite its recent financial challenges. Rising interest expenses and negative real growth have led to net lo...
BRT Apartments Corp. Announces Quarterly Dividend
GREAT NECK, N.Y., Sept. 10, 2024 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that its Board of Directors declared a quarterly dividend of $0.25 per share. The dividend is payable Oct...
My Dividend Stock Portfolio: New July Dividend Record - 101 Holdings With 24 Buys
Investment activity in July focused on Business Development Companies, with $2,000 added to the market. Adjusted dividend income in July of $709, up 19% Y/Y and down 4% sequentially. Main picks includ...
Massive Apartment Deals Demonstrate Value Of Apartment REITs
Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, w...
BRT Apartments: Well-Positioned To Benefit From Real Estate Cap Rate Compression
BRT Apartments is a residential REIT focused on the Sun Belt region. The REIT has underperformed the Vanguard Real Estate Index Fund so far in 2024. Q2 showed lower adjused FFO but higher net operatin...
BRT Apartments Corp. Files Second Quarter 2024 Financial Statements
GREAT NECK, N.Y., Aug. 09, 2024 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that...
Dividend Income: Lanny's July 2024 Summary
In July, we (my wife and I) received a dividend income total of $2,836.82. 2023 was up 24%. 7 months down in 2024 and the S&P 500 is still up almost 13%, despite the recent sell-offs. We have a high l...
7 Potential Mousetrap REITs - High, Potentially Unsafe Yields
From a fundamental standpoint, this may be a good time to invest in REITs with high yields. It's crucial to avoid mousetrap REITs with high dividend yields that may be unsustainable, as dividend cuts ...
BRT Apartments Corp. Announces Filing Date for Second Quarter 2024 Earnings Results
GREAT NECK, N.Y., July 24, 2024 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that...
My Dividend Stock Portfolio: New June Dividend Record - 101 Holdings With 22 Buys
Investment activity remained high in June, focusing on BDCs aiming to increase dividend income by at least $100 each month. Adjusted dividend income in June is up 27% Y/Y and 5% vs the previous quarte...
10 REITs At Mega Discounts To NAV
These REITs have a price-to-NAV range of 0.27x to 0.59x. There may be upside of more than 200% to the NAV estimate, which will probably decline over time. The estimates may be terrible. That's not my ...
My Dividend Stock Portfolio: New April Dividend Record - 101 Holdings With 22 Buys
Portfolio changes in April focus on BDCs, aiming to increase dividend income by at least $100 each month. Dividend income hit a new all-time record for April of $736, basically flat Y/Y and up 12% seq...
BRT Apartments Corp. Files First Quarter 2024 Financial Statements
GREAT NECK, N.Y., May 08, 2024 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that ...
BRT Apartments: High Yield Play With Some Concerns
BRT Apartments Corp. shares have dropped nearly 30% since August 2022 due to higher rates and oversupply in Sun Belt markets. The company has been actively refurbishing distressed properties and selli...
BRT Apartments Corp. Announces Filing Date for First Quarter 2024 Earnings Results
GREAT NECK, N. Y., April 25, 2024 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures th...
BRT Apartments Corp. (BRT) Q4 2023 Earnings Call Transcript
BRT Apartments Corp. (BRT) Q4 2023 Earnings Call Transcript
BRT Apartments Corp. Reports Fourth Quarter and Full Year 2023 Results
GREAT NECK, N.Y., March 12, 2024 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE: BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures th...
BRT Apartments Corp. Schedules Fourth Quarter 2023 Earnings Release and Conference Call Dates
GREAT NECK, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that...
BRT Apartments: A Lower Price Would Seal The Deal
BRT Apartments Corp. is a REIT that owns and operates multi-family properties. Though there is a mixed picture regarding its liquidity and performance, there are enough things to like about the compan...