Financial PerformanceBRT reported Core FFO that beat both analyst estimates and consensus estimates, showcasing strong financial performance.
Market PositioningBRT is well-positioned as the most highly discounted regional name in the multifamily REIT sector, with favorable demographic demand in the Sunbelt region.
Stock RepurchaseManagement has been repurchasing stock, which is viewed as the best usage of FCF given the shares are trading at a significant discount to NAV.