secwatch.observer — SEC 8-K summary
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Issuer:     BRT Apartments Corp. (BRT)
CIK:        0000014846
Form:       8-K
Filed at:   2022-06-10T23:59:59+00:00
Accession:  0000014846-22-000022
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 5.07, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

BRT completes three partner buyouts, raises dividend 8.7% to $0.25, shareholders approve incentive plan
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- Completed purchases of 20% interests in three apartment properties (570 units) for $21.8M; properties now wholly owned.
- Expects additional partner buyouts for six properties by July 31, 2022, aggregate purchase price ~$68.7M, mortgage debt ~$139.7M.
- Quarterly dividend increased by $0.02 to $0.25 per share, payable July 8, 2022 to holders of record June 30, 2022.
- At annual meeting, shareholders elected all directors, ratified EY as auditor, and approved 2022 Incentive Plan (1M shares).
- Three completed buyouts add expected quarterly rental revenue of ~$2.0M and operating expenses of $939K; occupancy 95.1%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14846/000001484622000022/0000014846-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14846/000001484622000022/brt-20220608.htm
  HTML page:      https://secwatch.observer/filing/0000014846-22-000022

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