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BRT Apartments posted a net profit of $29.1 million

15 March 2022
2626
1 min.
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BRT Apartments posted a net profit of $29.1 million

Company's shares and report

New York real estate fund BRT Apartments (NYSE: BRT) has released a report with results for Q4th and the end of 2021.

the company's shares opened at $22.66 on Monday and closed at $23.15, adding 1.05%.

The highest price per share yesterday was US$23.15 and the lowest was US$22.30.

Also, the company's 52-week high is US$24.20 and the 52-week low is US$16.03.

Volume was 68,372. However, Avg. Volume is 68,915.

It is worth noting that the company has a market capitalisation of USD 422.17 million.

Report from the real estate fund

BRT Apartments said in its report that the net loss attributable to holders of ordinary shares for the quarter ended 31 December 2021 was US$1.25 million.

Also, Funds from operations (FFO) was $6.3 million, or $0.35 per diluted share, in the current quarter. Adjusted Funds From Operations (AFFO) was $7.5 million, or $0.41 per diluted share, in Q4th 2021.

Rental and other income for the quarter ended 31 December 2021 increased 46.2% to USD 10.28 million.

The company also said in its report that total expenses for the current three months increased 44.9 per cent to US$12.99 million from US$8.97 million in the three months.

As for the results for the year ended 31 December 2021, the net profit attributable to ordinary shareholders in 2021 was US$29.11 million.

Rental income increased by 16.7% to USD 32.04 million. Total expenses increased by 1.36% to USD 42.13 million.

BRT Apartments was founded in 1972. Also, Jeffrey A. Gould is President and CEO of the company, Ryan Baltimore is COO, Mitchell Gould is EVP of the company, George Zweier is VP and CFO of the BRT Apartments.

Persons4 and Companies1 in the news

Vice President and CFO at BRT Apartments
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Executive Vice President of BRT Apartments
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Chief Operating Officer at BRT Apartments
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President and CEO of the BRT Apartments
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BRT Apartments
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