Quarterly ResultAug 10, 2026, 05:20 PM
BRT Q2 Net Loss $(3.22)M; EPS $(0.19); Acquires $80M Property
AI Summary
BRT Apartments Corp. reported a net loss attributable to common stockholders of $(3.22) million, or $(0.19) per share, for the three months ended June 30, 2026, compared to a net loss of $(2.57) million, or $(0.14) per share, in the prior year. Total revenues increased slightly to $24.47 million. The company also announced an agreement to acquire Ranch Lake Apartments, a 336-unit multifamily property, for approximately $80 million, expected to close in Q1 2027. Additionally, BRT declared a quarterly cash dividend of $0.25 per share and repurchased 202,828 shares for $2.90 million during the quarter.
Key Highlights
- Q2 2026 net loss attributable to common stockholders was $(3.22) million.
- Q2 2026 basic and diluted net loss per share was $(0.19).
- Total revenues for Q2 2026 increased to $24.47 million from $24.20 million YoY.
- Agreed to acquire Ranch Lake Apartments for approximately $80 million.
- Declared a quarterly cash dividend of $0.25 per share.
- Repurchased 202,828 shares for $2.90 million in Q2 2026.
- Net cash provided by operating activities was $8.42 million for H1 2026.
- Total Assets stood at $691.16 million as of June 30, 2026.
Price Impact
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