BRT Apartments reports Q4 net loss $0.08, FFO $0.35; FY net income $1.62, FFO $0.97

BRT Apartments Corp.

Q4 2021 net loss $1.25M ($0.08/diluted) vs. loss $3.30M ($0.19) in Q4 2020.
Full-year 2021 net income $29.1M ($1.62/diluted); FFO $17.43M ($0.97), AFFO $23.81M ($1.33).
Q4 revenue $10.28M (+46.2% YoY) driven by consolidating JV partner interests.
Same-store occupancy up 160 bps to 95.3%; average monthly rent grew 2.7%.
Portfolio units expanded 37% via buyouts of JV partners, boosting wholly-owned NOI 18.2%.

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