secwatch.observer — SEC 8-K summary
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Issuer:     BRT Apartments Corp. (BRT)
CIK:        0000014846
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0000014846-23-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14846/000001484623000003/0000014846-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14846/000001484623000003/brt-20230314.htm
  HTML page:      https://secwatch.observer/filing/0000014846-23-000003

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