BRT Apartments Corp. announces a quarterly dividend
BRT Apartments Corp. has declared a quarterly dividend of $0.25 per share. Approved by the Board of Directors, this action continues the company’s practice of returning cash to shareholders as part of its ongoing financial plan. It’s a straightforward move that underscores a focus on steady, shareholder-minded execution.
Dividend timing and expected tax treatment
The dividend is scheduled to be paid on October 2 to shareholders of record as of September 24. The timing is clear, and so is the message: the company sees strength in its operations and balance sheet. BRT Apartments Corp. also expects that, unless any multi-family properties are sold this year, most of the dividends paid in 2024 will be treated as a return of capital for federal income tax purposes. That treatment can be favorable for many investors, depending on individual circumstances.
About BRT Apartments Corp.
BRT Apartments Corp. is a real estate investment trust (REIT) that owns and manages multi-family properties. The company’s strategy centers on building and maintaining a diversified portfolio to support consistent income and long-term growth. By staying focused on rental housing, BRT aims to create durable value for shareholders while navigating an evolving property market with discipline.
Portfolio and market position
The company has continued to grow and refine its portfolio, aligning with market trends and day-to-day demand in rental housing. Its communities are managed with an emphasis on quality and resident appeal, factors that support occupancy and financial performance over time. With the real estate market moving in cycles, BRT’s concentration on multi-family properties positions it to serve steady rental demand and manage through change.
Looking ahead
Management plans to keep a proactive posture—tightening operations where it can, and pursuing new investment opportunities when they meet the company’s standards. The goal remains the same: maximize portfolio value while keeping investor interests front and center.
Investor contacts
If you’d like to reach BRT Apartments Corp., the Investor Relations team is available at the address and numbers below:
BRT Apartments Corp.
60 Cutter Mill Road,
Suite 303,
Great Neck, NY 11021
Telephone: (516) 466-3100
Telecopier: (516) 466-3132
Frequently Asked Questions
How much is the quarterly dividend?
The declared dividend is $0.25 per share.
When is the payment date?
The dividend will be paid on October 2.
Who will receive the dividend?
Shareholders of record as of September 24 are eligible to receive the payment.
What kind of company is BRT Apartments Corp.?
It’s a real estate investment trust (REIT) focused on owning and managing multi-family properties.
How can I contact BRT for investor information?
You can contact Investor Relations at (516) 466-3100. Mail can be sent to 60 Cutter Mill Road, Suite 303, Great Neck, NY 11021.
