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NYSE:BRT

BRT Apartments Q2 2024 Earnings Report

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$15.72 +0.07 (+0.44%)
Closing price 03:59 PM Eastern
Extended Trading
$15.72 0.00 (-0.03%)
As of 04:10 PM Eastern
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BRT Apartments EPS Results

Actual EPS
-$0.13
Consensus EPS
$0.37
Beat/Miss
Missed by -$0.50
One Year Ago EPS
$0.37

BRT Apartments Revenue Results

Actual Revenue
$23.86 million
Expected Revenue
$23.45 million
Beat/Miss
Beat by +$410.00 thousand
YoY Revenue Growth
N/A

BRT Apartments Announcement Details

Quarter
Q2 2024
Time
After Market Closes
Conference Call Date
Friday, August 9, 2024
Conference Call Time
4:30PM ET

Upcoming Earnings

BRT Apartments' Q2 2025 earnings is scheduled for Friday, August 8, 2025, with a conference call scheduled at 4:00 PM ET. Check back for transcripts, audio, and key financial metrics as they become available.

BRT Apartments Earnings Headlines

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About BRT Apartments

BRT Apartments (NYSE:BRT) Corp (NYSE:BRT) is a publicly traded real estate investment trust specializing in the acquisition, development and management of multifamily residential properties across select U.S. markets. The company focuses on workforce and middle‐income housing, offering one- and two‐bedroom apartment homes complemented by community amenities such as fitness centers, pool facilities and on-site leasing offices. BRT Apartments targets properties where strategic renovations and operational enhancements can drive sustained occupancy and rental growth.

The company’s portfolio comprises more than two dozen multifamily communities encompassing thousands of apartment homes in high-growth regions of the Sun Belt and Southeast, including Florida, Texas, Georgia and the Carolinas. BRT’s strategy blends core-plus investments with value-add redevelopment, emphasizing suburban and tertiary markets with favorable demographic trends and limited new housing supply. Property management and leasing operations are handled by in-house teams supported by local third-party partnerships.

Founded in 1979 as BRT Realty Trust, the firm converted to a REIT structure in 1985 and has since pursued disciplined expansion through acquisitions, development projects and selective dispositions. Over its history, BRT has refined its focus toward residential assets, divesting noncore holdings to concentrate on multifamily opportunities offering stable income streams and growth prospects. The company maintains a conservative approach to financing and capital allocation, seeking to align its portfolio with long-term market fundamentals.

BRT Apartments is led by President and Chief Executive Officer Christopher J. Giunta and supported by a seasoned leadership team with deep expertise in real estate investment, development, asset management and property operations. The board and executives emphasize a culture of operational excellence, risk management and shareholder alignment, aiming to deliver sustainable value through proactive asset stewardship and market-driven portfolio positioning.

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