---
schema_version: "secwatch.filing_event.v1"
accession: "0000014846-23-000014"
form_type: "8-K"
ticker: "BRT"
cik: "0000014846"
company_name: "BRT Apartments Corp."
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T12:51:39.543558+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000014846-23-000014
- form_type: 8-K
- ticker: BRT
- cik: 0000014846
- company_name: BRT Apartments Corp.
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14846/000001484623000014/0000014846-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14846/000001484623000014/brt-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014846-23-000014
- JSON: https://secwatch.observer/filing/0000014846-23-000014.json
- Plain text: https://secwatch.observer/filing/0000014846-23-000014.txt

## Key facts
- Earnings Releases
  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
  source text: On May 8, 2023, we issued a press release announcing our results of operations for the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/14846/000001484623000014/0000014846-23-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.