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Stock impact report

BRT Apartments Corp. Reports Third Quarter Results for 2019

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: GlobeNewswire
– Rental Revenues Increase 8.3% –    – Same Store Rental Revenues Increase 6.5% –     GREAT NECK, N.Y., Nov. 06, 2019 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a growing multi-family real estate investment trust with properties located primarily in the Southeast United States and Texas today reported $3.3 million in net income, or $0.20 per diluted share, $2.0 million in FFO, or $0.12 per diluted share, and $4.2 million in AFFO, or $0.26 per diluted share, for the three months ended September 30, 2019. Jeffrey A. Gould, President and Chief Executive Officer of BRT commented: “BRT had another strong quarter with an 8.3% increase in rental revenues and same store NOI growth of 11.3%.  Our value-add properties are progressing well as we completed upgrades to 256 units in the quarter from which we expect an annual 26% return on investment.  Our acquisition efforts are focused on locating additional value-add opportunities in order to further drive improving risk adjusted Show less Read more
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