BRT Apartments Corp Aktie News

BRT Apartments Corp. (BRT) Q4 2023 Earnings Call Transcript

US stocks climbed higher in February with the DJIA adding 0.4% and the S&P closing in on the 5,000-point mark.

GREAT NECK, N.Y., March 12, 2024 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE: BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that own multi-family properties, today reported results for the fourth quarter and year ended December 31, 2023.

GREAT NECK, N.Y., March 11, 2024 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that its Board of Directors declared a quarterly dividend of $0.25 per share. The dividend is payable April 4, 2024, to stockholders of record at the close of business on March 27, 2024. BRT estimates that if it does not sell any multi-family properties this year, that a significant portion of its div...

GREAT NECK, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that own multi-family properties, today announced it will release financial results for the fourth quarter ended December 31, 2023 after the market closes on Tuesday, March 12, 2024.

The S&P500 delivered a strong year-end rally, gaining 4.5% in December and 26.3% for the year.

BRT Apartments Corp. is a REIT that owns and operates multi-family properties. Though there is a mixed picture regarding its liquidity and performance, there are enough things to like about the company. Nevertheless, investors are better off adding this to a watchlist and familiarizing themselves with those things in case the stock price ever decreases.

Overall, this is a good time to invest in REITs. The expected surge in REIT share prices will not benefit all REITs equally. There are always mousetrap REITs, even in the best of times. Dividend safety is crucial for REIT value as a dividend cut can lead to a significant loss in share value.