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Stock impact report

Sector Spotlight: Multifamily REITs Continue To Languish, And Suddenly Affordable Housing? [Seeking Alpha]

BRT Apartments Corp. (MD) (BRT) 
Last brt apartments corp. (md) earnings: 11/6 04:05 pm Check Earnings Report
US:NYSE Investor Relations: brtapartments.com/investor_relations
Company Research Source: Seeking Alpha
Sector-wide P/AFFO multiples have compressed, with names like NXRT and BRT trading at less than 60% of NAV. Share buybacks signal management conviction, as REITs repurchase stock at significant discounts to private market values. I expect operational recovery as new supply wanes, making current pricing attractive for value-oriented investors. Looking for a portfolio of ideas like this one? Members of Portfolio Income Solutions get exclusive access to our subscriber-only portfolios. Learn More » Elena Alex photo/iStock via Getty Images Peak Pricing 12/31/2021 About five years ago, 2 nd Market Capital, a real estate securities dedicated investor, felt priced out of the entire multifamily REIT sector. Trading at an average P/FFO north of 28x, we felt owning multifamily shares posed more risk than reward. S&P Global IQ Source: S&P Global IQ The passage of time and the delivery of a tsunami of new apartments in the hottest sunbelt markets, however, has taken the shine of Show less Read more
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