BRT Apartments reports Q3 net loss of $1.5M, FFO $0.31, AFFO $0.41, affirms FY guidance

BRT Apartments Corp.

2023-Q3 EPS reported $0.27 revenue$70,109,000

Net loss of $1.5M ($0.08 loss per diluted share); FFO of $0.31 and AFFO of $0.41 per diluted share.
Combined Portfolio NOI decreased 0.4% year-over-year in Q3.
Repurchased 264,165 shares in Q3 and 98,014 shares after quarter at avg $18.33; $4.3M remaining under buyback.
Affirmed full year 2023 guidance as previously issued on March 14, 2023.

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 0.95

BRT Apartments Corp. reported third quarter ended September 30, 2023 results: net income net loss of $1.5 million, or $(0.08) per diluted share, EPS $(0.08) per diluted share. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Net income: net loss of $1.5 million, or $(0.08) per diluted share
EPS: $(0.08) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

BRT APARTMENTS CORP. REPORTS THIRD QUARTER 2023 RESULTS – Affirms Full Year 2023 Guidance – Great Neck, New York – November 6, 2023 – BRT APARTMENTS CORP. (NYSE: BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that own multi-family properties, today reported results for the third quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0000014846-23-000039

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