BRT Apartments Corp. Reports Annual Financial Results for 2024
BRT Apartments Corp. Unveils 2024 Financial Report
GREAT NECK, N.Y. — BRT APARTMENTS CORP. (NYSE: BRT) has recently announced its filing of the annual report on Form 10-K with the Securities and Exchange Commission for the fiscal year ending December 31, 2024. This comprehensive report includes the financial statements, highlighting the company's performance and future outlook.
Company Overview and Operations
BRT Apartments Corp. operates as a real estate investment trust, engaging primarily in the ownership and management of multi-family properties. The firm also makes select preferred equity investments in joint ventures that focus on similar real estate assets. As of the end of the fiscal year, BRT owns or has stakes in 29 multi-family properties, which collectively comprise 7,947 units across 11 states. Additionally, the company has made preferred equity investments in two extra multi-family properties, showcasing its diversified investment strategy.
Key Financial Highlights
The financial results for 2024, as detailed in the Form 10-K, demonstrate BRT’s resilience and strategic growth during the past year. Investors and analysts can expect to glean insights from various sections of the report, including revenue trends, occupancy rates, and operational effectiveness. The filing reveals not just the numbers but also contextualizes them within the broader real estate market, illustrating how BRT navigates challenges in the industry.
Growth Strategy and Future Outlook
BRT’s management team is committed to identifying new opportunities for expansion, which may include entering new markets or enhancing existing properties. The focus on multi-family housing continues to be a central element of BRT's growth strategy, reflecting the ongoing demand for quality rental housing across the country. The strategic decisions aiming to optimize performance and increase shareholder value reflect a forward-thinking approach that aims to position the company favorably for future developments.
Investor Relations and Accessibility of Information
Investors looking to access the detailed supplemental financial information referenced in the report can find it on the company’s investor relations website. This resource serves as a vital tool for those seeking to monitor BRT’s financial health and strategic direction actively. The dedicated section labeled "Financials – Quarterly Results" provides valuable insights and updates about the company's ongoing operations.
Contact Information
For those who wish to reach out for further details or investment queries, BRT Apartments Corp. provides clear contact avenues. Interested parties can connect with the corporate office located at 60 Cutter Mill Road, Suite 303, Great Neck, New York 11021. The telephone number is (516) 466-3100, and general inquiries can be directed via email to investors@BRTapartments.com.
Frequently Asked Questions
What is BRT Apartments Corp.?
BRT Apartments Corp. is a real estate investment trust focused on owning and operating multi-family residential properties.
When was the annual report for 2024 filed?
The annual report was filed with the Securities and Exchange Commission for the year ended December 31, 2024.
How many properties does BRT own?
As of December 31, 2024, BRT owns or has interests in 29 multi-family properties.
Where can I find more information about BRT's financials?
Supplemental financial information is accessible on the company’s investor relations website under the “Financials – Quarterly Results” section.
How can I contact BRT Apartments Corp.?
BRT can be contacted at their office in Great Neck, New York, or via telephone at (516) 466-3100 and email at investors@BRTapartments.com.
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