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BRT Apartments (BRT)
NYSE:BRT
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.12Last Year’s EPS
-$0.11Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -4.07%
|Next Earnings Date:Mar 18, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strategic decisions such as business simplification and share repurchases that position BRT for long-term success. However, it also acknowledged current challenges including a tough operating environment, quiet transaction market, and unexpected setbacks. The company remains optimistic about future growth beyond 2024.Company Guidance
During the BRT Apartments Corp. Q4 2023 earnings call, the company provided guidance on several key metrics and operational strategies for 2024. They highlighted that no significant mortgage debt maturities are expected until early 2026, and noted that $16.7 million worth of shares were repurchased in 2023 and into 2024. The management emphasized the challenges posed by new supply affecting rent growth and occupancy, alongside inflationary pressures impacting operating margins. They plan to prioritize stabilizing occupancy and cautiously approach potential transaction activities later in the year. Despite a quiet transaction environment with cap rates in the mid-5% range and high interest rates, the company remains optimistic about long-term growth, particularly in the Sunbelt region, aiming for better market conditions in 2025 and 2026.Successful Business Simplification
BRT has simplified its business by taking full ownership of a majority of its properties, improving its balance sheet, and implementing a disciplined approach to capital allocation. They have no significant mortgage debt maturities until early 2026.
Strategic Share Repurchases
BRT has repurchased $16.7 million of shares during 2023 and into 2024, which management believes is a smart long-term investment.
Positive Long-term Market Outlook
Despite current challenges, BRT remains optimistic about growth in 2025 and 2026, particularly in the Sunbelt region, due to anticipated absorption of new supply and limited permitting.
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BRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $18.45 | $18.85 | +2.17% |
| Aug 09, 2024 | $17.31 | $16.98 | -1.91% |
| May 08, 2024 | $17.98 | $17.77 | -1.17% |
| Mar 12, 2024 | $15.38 | $15.75 | +2.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BRT Apartments (BRT) report earnings?
BRT Apartments (BRT) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is BRT Apartments (BRT) earnings time?
BRT Apartments (BRT) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BRT EPS forecast?
BRT EPS forecast for the fiscal quarter 2024 (Q4) is -$0.12.
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