secwatch.observer — SEC 8-K summary
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Issuer:     BRT Apartments Corp. (BRT)
CIK:        0000014846
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0000014846-22-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BRT Apartments Q2 net income $1.91/diluted (up 461.8% YoY); AFFO $0.37 (up 19.4%)
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- Net income $35.61M ($1.91/diluted) vs $6.03M ($0.34) in Q2 2021 helped by $40.1M equity earnings from JV property sales.
- AFFO per diluted share $0.37 vs $0.31 YoY, driven by improved operating margins across portfolio and lower interest expense.
- FFO per diluted share fell to $0.20 from $0.29 due to higher mortgage prepayment charges and state income taxes.
- Year-to-date acquired partners' remaining interests in 11 properties for $105.45M, expanding ownership in growth markets.
- CEO noted fixed-rate mortgage debt lessens inflation impact and ample liquidity to address economic uncertainty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14846/000001484622000034/0000014846-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14846/000001484622000034/brt-20220808.htm
  HTML page:      https://secwatch.observer/filing/0000014846-22-000034

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