BRT Apartments reports Q4 net loss $4.2M, full-year net income $50M; issues 2023 guidance

BRT Apartments Corp.

Q4 2022 net loss of $4.2M ($0.22 loss per diluted share); full year net income $50M ($2.66 diluted EPS).
Q4 FFO $0.40/diluted share, AFFO $0.37; full year FFO $1.24, AFFO $1.52.
Combined Portfolio NOI up 0.7% Q4 and 11.3% for 2022 versus prior-year periods.
Full year 2023 guidance: net income per diluted share $0.09-$0.20, FFO $1.08-$1.19, AFFO $1.50-$1.61.
Declared Q1 2023 dividend $0.25 per share; agreed to buy 238-unit property for ~$62.5M with assumed debt.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRT Apartments Corp. reported the fourth quarter of 2022 results: net income a net loss of $4.2 million, EPS $(0.22) per diluted share.

Period: the fourth quarter of 2022
Net income: a net loss of $4.2 million
EPS: $(0.22) per diluted share
Result: reported results

Exact text from the filing

Reported results for the fourth quarter of 2022 of a net loss of $4.2 million, or $(0.22) per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRT Apartments Corp. reported full year 2023 results: EPS $0.09 to $0.20 per diluted share. Guidance initiated.

Period: full year 2023
EPS: $0.09 to $0.20 per diluted share
Guidance: initiated
Result: guidance update

Exact text from the filing

Issued full year 2023 guidance ranges for net income per diluted share of $0.09 to $0.20

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRT Apartments Corp. reported 2022 results: net income net income of $50.0 million, EPS $2.66 per diluted share.

Period: 2022
Net income: net income of $50.0 million
EPS: $2.66 per diluted share
Result: reported results

Exact text from the filing

Reported results for 2022 of net income of $50.0 million, or $2.66 per diluted share

View on SEC.gov

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Source: SEC EDGAR

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