earnings
confidence high
sentiment positive
materiality 0.75
BRT Apartments Q1 net income $11.5M ($0.62/diluted) vs loss year ago; AFFO up 30% to $0.39/share
BRT Apartments Corp.
2022-Q1 EPS reported
$0.62
revenue$11,434,000
- Net income of $11.5M ($0.62/diluted) vs net loss of $3.77M ($0.22 loss) in Q1 2021.
- AFFO of $7.24M ($0.39/diluted) up from $5.13M ($0.30) in prior year, a 30% per-share increase.
- Same-store property NOI grew 15.9% across entire portfolio.
- Acquired or announced partner interest buyouts for 11 properties totaling $102.1M year-to-date.
- Announced agreements to sell two properties for $68.5M and $92.0M, part of $214.3M dispositions.