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GREAT NECK, N.Y. - BRT Apartments Corp. (NYSE: BRT), a real estate investment trust specializing in multi-family properties, declared a quarterly dividend of $0.25 per share, payable on April 4, 2025, to shareholders on record as of March 27, 2025. The dividend represents an attractive 5.69% yield at the current share price of $18.11. In addition to the dividend, the company’s Board of Directors has approved an extension and expansion of its share repurchase program. The program, now extended through December 2026, allows for the repurchase of up to $10 million in shares.
BRT Apartments Corp. focuses on the ownership, operation, and selective investment in multi-family properties, with a current portfolio that includes interests in 29 properties comprising 7,947 units across 11 states. The company also holds preferred equity investments in two additional multi-family properties.
This announcement follows BRT’s recent operational updates and is part of the company’s ongoing capital allocation strategy. The share repurchase program’s extension and increase underscore the Board’s confidence in the company’s financial strength and commitment to delivering shareholder value. With a market capitalization of $351.48 million, InvestingPro analysis suggests the stock is currently trading slightly above its Fair Value. Investors can access additional insights and 6 more ProTips about BRT through InvestingPro’s comprehensive research platform.
The information provided is based on a press release statement from BRT Apartments Corp.
In other recent news, BRT Apartments Corp. announced the upcoming departure of its Chief Financial Officer, George Zweier. This information was disclosed through a filing with the Securities and Exchange Commission. Zweier plans to resign within the next two years, though a specific date has not been set. The announcement did not detail the reasons for his decision or mention a successor. It is unclear whether BRT Apartments has initiated a search for a new CFO or plans to appoint an interim officer. The SEC filing included routine financial statements but did not indicate any changes in the company’s financial condition or operations. Investors are likely to monitor the company’s future communications for updates on this leadership transition and its potential impact on financial strategies.
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