BRT Apartments Corp. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 12, 2024 at 04:15 pm EDT
Share
BRT Apartments Corp. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 23.51 million compared to USD 22.71 million a year ago. Net loss was USD 1.74 million compared to USD 4.22 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.22 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to USD 0.22 a year ago.
For the full year, the company reported revenue was USD 93.617 million compared to USD 70.527 million a year ago. Net income was USD 3.873 million compared to USD 49.955 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 2.67 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to USD 2.66 a year ago.
BRT Apartments Corp. is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multifamily properties. The Company owns or has interests in about 28 multifamily properties with 7,707 units in 11 states. Generally, its multifamily properties are garden apartments, mid-rise or town home-style properties that provide residents with amenities, such as a clubhouse, swimming pool, laundry facilities and cable television access. In addition to its multifamily properties, the Company owns assets, and in particular, real estate assets. The Companyâs properties include Silvana Oaks Apartments, Avondale Station, Brixworth at Bridge Street, Newbridge Commons, Crossings of Bellevue, Avalon Apartments, Parkway Grande, Woodland Trails, Grove at River Place, Kilburn Crossing, The Woodland Apartments, The Pointe at Lenox Park, Mercer Crossing, and Village at Lakeside, among others.
BRT APARTMENTS CORP. 
