BRT Apartments Corp. reports financial results

BRT Apartments Corp. (NYSE:BRT), a $371 million market cap real estate investment trust based in Great Neck, NY, has disclosed its latest financial results and operational information today, according to a recent filing with the Securities and Exchange Commission (SEC). The company’s stock is trading near its 52-week high of $20.22, currently at $18.87.InvestingPro analysis reveals several key insights about BRT’s performance, with 7 additional exclusive ProTips available to subscribers.

The company, which operates within the real estate sector and specializes in apartment buildings, has provided a supplemental financial information document as part of its current report under Form 8-K. The release of this information follows a series of meetings between BRT’s executive officers and analysts, where discussions regarding the company’s performance took place. Financial data shows the company maintains strong liquidity with a current ratio of 2.13, though it hasn’t been profitable over the last twelve months.

In line with SEC regulations, specifically Regulation FD (Fair Disclosure), BRT Apartments Corp. has made the financial data available to ensure all stakeholders, including investors and analysts, receive access to the same information concurrently. The document, listed as Exhibit 99.1 in the report, includes detailed financial statements and operational metrics.

It is important to note that the information furnished in the 8-K report and the attached exhibit is not considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. This means the data is not subject to the same liabilities as filed information. Furthermore, the information should not be deemed incorporated by reference in any future filings under the Securities Act of 1933 or the Exchange Act unless explicitly referenced in such filings.

BRT Apartments Corp. has emphasized that the provision of this report is not an acknowledgement of the materiality of the information nor a declaration of a requirement for dissemination under Regulation FD.

The SEC filing was executed by George Zweier, Vice President and Chief Financial Officer of BRT Apartments Corp., ensuring compliance with the Exchange Act requirements.

This report is based on a press release statement and provides investors with the most current and essential financial details concerning BRT Apartments Corp. as of today. The company offers a dividend yield of 5.52% and is scheduled to report its next earnings on March 18, 2025.For deeper insights into BRT’s financial health and future prospects, investors can access comprehensive analysis through InvestingPro’s detailed Research Report, part of its coverage of over 1,400 US stocks.

In other recent news, BRT Apartments Corp. announced a quarterly dividend of $0.25 per share, set to be paid on April 4, 2025, to shareholders of record as of March 27, 2025. Alongside this, the company has expanded its share repurchase program, allowing for up to $10 million in shares to be repurchased through December 2026. These moves are part of BRT’s ongoing capital allocation strategy, reflecting the Board’s confidence in the company’s financial health. Additionally, BRT Apartments Corp. disclosed that its Chief Financial Officer, George Zweier, plans to resign within the next two years. The company has not yet announced a successor or begun a search for a new CFO. This development was revealed in a recent SEC filing, which did not provide further details on the financial implications of this leadership change. Investors will be monitoring future announcements for updates on the transition plan and its potential impact on BRT’s financial strategies.

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