BRT Apartments Sells The Fountains Apartments for $97.3M [Seeking Alpha]
BRT Apartments Corp. (MD) (BRT)
Last brt apartments corp. (md) earnings: 11/6 04:05 pm
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US:NYSE Investor Relations:
brtapartments.com/investor_relations
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Source: Seeking Alpha
BRT Apartments Sells The Fountains Apartments for $97.3MBRT Apartments (NYSE:BRT) sold The Fountains Apartments, a 542 unit property located in Palm Beach Gardens, Florida for approx. $97.3M resulting in a net gain of approx. $20.5M.Florida property generated $9.2M of rental and other revenue and $7.9M of expense, incl. $1.9M of depreciation and $1.9M of interest expense.“We anticipate that in the short-term, we will be able to recycle the proceeds from this sale into accretive acquisition opportunities,” commented Jeffrey A. Gould, Chief Executive Officer and President of BRT.Press ReleaseClick to subscribe to real-time analytics on BRTNow read:Hercules Capital: A 9.6% Yielder Trading At An Undemanding Valuation »
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News
- BRT Apartments Corp. Announces Filing Date for First Quarter 2024 Earnings Results [Yahoo! Finance]Yahoo! Finance
- BRT Apartments Corp. Announces Filing Date for First Quarter 2024 Earnings ResultsGlobeNewswire
- BRT Apartments Corp. (NYSE: BRT) is now covered by analysts at B. Riley. They set a "buy" rating and a $19.50 price target on the stock.MarketBeat
- BRT Apartments Corp. (NYSE:BRT) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- BRT Apartments Corp. Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]Yahoo! Finance
BRT
Earnings
- 8/7/23 - Miss
BRT
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form 4
- 4/22/24 - Form 4
- BRT's page on the SEC website