Quarterly ResultMay 7, 2026, 04:30 PM
BRT Apartments Q1 Net Loss $(2.7)M; FFO $0.33; NOI +4.0%
AI Summary
BRT Apartments Corp. reported a net loss of $2.7 million, or $0.14 per diluted share, for Q1 2026, compared to a net loss of $2.4 million, or $0.12 per diluted share, in Q1 2025. Despite the wider net loss, Funds from Operations (FFO) increased to $0.33 per diluted share from $0.30, and Adjusted Funds from Operations (AFFO) remained flat at $0.39 per diluted share. The company also announced a 4.0% increase in Combined Portfolio Net Operating Income (NOI) and repurchased 318,593 shares of common stock.
Key Highlights
- Net loss attributable to common stockholders was $(2.7) million, or $(0.14) per diluted share, in Q1 2026.
- Funds from Operations (FFO) increased to $0.33 per diluted share in Q1 2026 from $0.30 in Q1 2025.
- Adjusted Funds from Operations (AFFO) was $0.39 per diluted share in both Q1 2026 and Q1 2025.
- Combined Portfolio Net Operating Income (NOI) increased by 4.0% for Q1 2026 year-over-year.
- The company repurchased 318,593 shares of common stock at an average price of $14.14 per share.
- A quarterly dividend of $0.25 per share was declared for the first quarter of 2026.
- Combined portfolio average occupancy was 93.9% with weighted average monthly rent of $1,426 per unit.
- Debt to Enterprise Value increased to 75% as of March 31, 2026, from 67% in the prior year.
Price Impact
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