BRT Apartments Q1 net loss $4.1M, AFFO $0.36/share; affirms FY23 guidance

BRT Apartments Corp.

2023-Q1 EPS reported -$0.21 revenue$22,939,000

Net loss of $4.1M ($0.21 diluted EPS); FFO $0.28/diluted share, AFFO $0.36/diluted share.
Combined Portfolio NOI up 1.0% YoY; adjusted +3.6% after insurance timing and storm costs.
Repaid $19M credit facility fully with proceeds from fixed-rate mortgage on Silvana Oaks.
Affirmed full-year 2023 guidance and assumptions issued March 14, 2023.
Equity in earnings of unconsolidated JVs fell to $815,000 from $1.2M in Q1 2022.

item 2.02 item 9.01

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 three months ended March 31, 2023 results: net income net loss of $4.1 million, or $(0.21) per diluted share. Guidance reaffirmed.

Period: three months ended March 31, 2023
Net income: net loss of $4.1 million, or $(0.21) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 8, 2023, we issued a press release announcing our results of operations for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0000014846-23-000014

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