Highest-materiality recent filing
BRT Apartments agrees to acquire 153-unit Atlanta multifamily property for $35M
Purchase price ~$35M for The Waterford on Piedmont, a 153-unit high-rise in Atlanta's Midtown submarket.
BRT Apartments agrees to acquire Ranch Lake Apartments in Bradenton, FL for ~$80M
Purchase price ~$80M; assumption of $45.7M HUD-insured mortgage at 2.91% maturing 2056.
BRT Apartments Q4 net loss $0.11/sh; FY net income $0.16/sh; AFFO $1.52/sh
Q4 net loss $1.7M ($0.11 diluted); full year net income $3.9M ($0.16 diluted).
BRT terminates $62.5M multifamily acquisition; seller blocks return of $1.3M deposit
Contract to buy 238-unit multifamily property in Richmond, VA for ~$62.5M was terminated in December 2023.
Board increases repurchase authorization by $6.75M to $10M total, expiring December 31, 2025.
BRT Apartments Q2 net income $11.2M ($0.58 EPS), affirms FY guidance
Net income of $11.2M, $0.58 diluted EPS; FFO of $0.28/diluted share, AFFO $0.37.
BRT JV sells Dallas 494-unit property for ~$14.6M gain; proceeds fund Richmond purchase and buyback
50%-owned JV completed sale of 494-unit Dallas property; estimated share of gain $14.6M.
BRT Apartments reports Q4 net loss $4.2M, full-year net income $50M; issues 2023 guidance
Q4 2022 net loss of $4.2M ($0.22 loss per diluted share); full year net income $50M ($2.66 diluted EPS).
BRT Apartments Q3 net income $7.06M ($0.37/diluted); AFFO $0.38/diluted
Net income of $7.06M ($0.37/diluted) down from $28.11M ($1.54) in Q3 2021 due to lower gains from property sales.
BRT Apartments sells SC property for $32.4M; expects $11.4M gain, 20% IRR
Sold Waters Edge (204 units) in Columbia, SC for ~$32.4M; BRT held 80% equity interest.
BRT Apartments Q2 net income $1.91/diluted (up 461.8% YoY); AFFO $0.37 (up 19.4%)
Net income $35.61M ($1.91/diluted) vs $6.03M ($0.34) in Q2 2021 helped by $40.1M equity earnings from JV property sales.
Paid $36.2M for remaining 25% interest in Civic Center I and II, 776 units in Southaven, MS.
BRT completes $91.3M sale of The Vive, buys out partner in Grove at River Place for $7.5M
Sold The Vive for $91.3M; expects $21.5M gain in Q2 2022 after $745K prepayment charge.
BRT Apartments 80%-owned JV sells 204-unit SC property for $32.4M; expects $11.3M gain
Sale of Waters Edge at Harbison (Columbia, SC, 204 units) for ~$32.4M.
BRT Apartments sells Retreat at Cinco Ranch for $68.3M, expects $16.5M gain
Sold Retreat at Cinco Ranch (Katy, TX) for $68.3M; BRT held 75% interest in unconsolidated joint venture.
Completed purchases of 20% interests in three apartment properties (570 units) for $21.8M; properties now wholly owned.
BRT Apartments Q1 net income $11.5M ($0.62/diluted) vs loss year ago; AFFO up 30% to $0.39/share
Net income of $11.5M ($0.62/diluted) vs net loss of $3.77M ($0.22 loss) in Q1 2021.
BRT Apartments completes $12.8M JV buyout, agreements for $89.3M for nine more properties
Completed $12.8M buyout of JV interests in 2 properties (462 units); adds $56.7M mortgage debt at 4.04% avg rate.
BRT files $40M ATM equity offering with B. Riley, JMP, Raymond James; cancels prior deals
Entered new at-the-market agreements for up to $40M in common stock (aggregate sales price).
BRT Apartments reports Q4 net loss $0.08, FFO $0.35; FY net income $1.62, FFO $0.97
Q4 2021 net loss $1.25M ($0.08/diluted) vs. loss $3.30M ($0.19) in Q4 2020.
Mitchell Gould, our Executive Vice President, who, as previously reported, had reduced the time he was spending on our activities in 2025, has advised that he intends to retire in early 2026.
Effective as of January 10, 2022, our board of directors increased to eleven the number of directors on the board and elected Carol Cicero to fill the newly created Class III director position.
Effective as of January 10, 2022, Ryan Baltimore, was appointed by our board of directors to serve as our Chief Operating Officer.
Max materiality 0.85 · Median 0.50 · Most common event other_material