BRT Apartments Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023 at 04:38 pm EDT
Share
BRT Apartments Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 23.26 million compared to USD 14.68 million a year ago. Revenue was USD 23.32 million compared to USD 14.69 million a year ago. Net income was USD 11.2 million compared to USD 35.61 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 1.91 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 1.91 a year ago.
For the six months, sales was USD 46.19 million compared to USD 26.11 million a year ago. Revenue was USD 46.26 million compared to USD 26.12 million a year ago. Net income was USD 7.1 million compared to USD 47.12 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 2.54 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 2.53 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. 
