secwatch.observer — SEC 8-K summary
======================================

Issuer:     BRT Apartments Corp. (BRT)
CIK:        0000014846
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0000014846-23-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14846/000001484623000014/0000014846-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14846/000001484623000014/brt-20230508.htm
  HTML page:      https://secwatch.observer/filing/0000014846-23-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer