BRT Apartments Q3 net income $7.06M ($0.37/diluted); AFFO $0.38/diluted

BRT Apartments Corp.

2022-Q3 EPS reported $2.89 revenue$47,816,000

Net income of $7.06M ($0.37/diluted) down from $28.11M ($1.54) in Q3 2021 due to lower gains from property sales.
AFFO increased to $7.17M ($0.38/diluted) from $5.66M ($0.31) on improved operating margins and partner buyouts.
Year-to-date acquired partners' remaining interests in 11 properties for total of $105.87 million.
Weighted average diluted shares rose 713,000 due to at-the-market offering and equity incentive programs.
CEO cites fixed-rate debt with no maturities until 2025 and strong underlying market fundamentals.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BRT Apartments Corp. reported the three months ended September 30, 2022 results: net income net income of $7.06 million, EPS $0.37 per diluted share.

Period: the three months ended September 30, 2022
Net income: net income of $7.06 million
EPS: $0.37 per diluted share
Result: reported results

Exact text from the filing

today reported that for the three months ended September 30, 2022, it generated net income of $7.06 million, or $0.37 per diluted share

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Source: SEC EDGAR

accession 0000014846-22-000047

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