secwatch.observer — SEC 8-K summary
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Issuer:     BRT Apartments Corp. (BRT)
CIK:        0000014846
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0000014846-23-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BRT Apartments Q2 net income $11.2M ($0.58 EPS), affirms FY guidance
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- Net income of $11.2M, $0.58 diluted EPS; FFO of $0.28/diluted share, AFFO $0.37.
- Combined Portfolio NOI increased 1.4% YoY for Q2 2023.
- Completed disposition of Dallas JV asset for $19.4M net proceeds, $14.7M gain, 22% IRR.
- Repurchased 309,153 shares in Q2 at ~$19.03; $3.25M remains under buyback authorization.
- Affirmed full year 2023 guidance and underlying assumptions issued March 14, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14846/000001484623000026/0000014846-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14846/000001484623000026/brt-20230807.htm
  HTML page:      https://secwatch.observer/filing/0000014846-23-000026

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