NYSE$BRT

BRT Apartments Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

BRT reported first quarter results for 2020.

BRT Apartments Corp. reported a net loss of $4.8 million, or $0.29 per diluted share, for the first quarter of 2020. FFO was $3.3 million, or $0.19 per diluted share, and AFFO was $4.0 million, or $0.23 per diluted share.

  • Collected 98% of April and May 2020 billed amounts.
  • Collected 95% of June 2020 billed amounts.
  • Average total occupancy at stabilized properties was approximately 93.3%.
  • Average rental rate per occupied unit at stabilized properties was approximately $1,013 per month.

Headline financials

Total Revenue

$6.92M

Previous: $30.9M-77.6%
EPS (adj)

$0.23

Previous: $0.22+4.5%
Average Occupancy Rate

93.3%

Previous: 91.1%+2.4%
Average Rental Rate Per Unit

$1.01K

Previous: $956.00+6.0%
Funds From Operations

$3.3M

No prior period
Adjusted Funds From Operations

$3.97M

No prior period
Capital Expenditures

-$323K

Previous: -$9.08M+96.4%
Free Cash Flow

-$5.15M

Previous: -$13.3M+61.3%
Net Income

-$4.83M

Previous: -$4.25M-13.8%
Operating Income

-$2.92M

Previous: -$4.8M+39.1%
Gross Profit

$2.01M

Previous: $7.36M-72.8%
Cash & Equivalents

$18.7M

Previous: $11.8M+58.6%
Total Assets

$395M

Previous: $389M+1.6%

Revenue & EPS history

BRT · Revenue · Quarterly

$6.92M

Q1 2020-77.6%vs Q1 2019
Beat estimate in 11 of 13 quarters(85%)
ActualEstimate

Revenue by segment

BRT · $6.92M total across 2 segments · Q1 2020

  • Rental and Other Revenue
    $6.75M-2.0%
  • Other Income
    $179K-26.6%

Forward guidance

BRT is in a position of strength as we continue to successfully execute in the face of the COVID-19 pandemic and remains committed to creating long term stockholder value and wish to remain well positioned as we navigate this unprecedented time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.1%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+2.9%

Avg return

30 days after

54%

32 / 59 earnings

Positive

+13.2%

Q4 2020

Best reaction

-11.2%

Q1 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%+0.1%+0.8%
Q4 2025+3.3%-3.5%-2.7%
Q3 2025-1.6%-2.1%-2.0%
Q1 2025-2.0%-2.9%+4.0%
Q4 2024-2.4%-5.3%-10.9%
Q3 2024+4.8%+1.8%+4.1%
Q2 2024-3.8%-3.1%+1.5%
Q1 2024-2.1%-5.7%-4.7%
Q4 2023+2.2%+1.7%+7.3%
Q3 2023-1.1%-2.4%+9.1%
Q2 2023-2.3%-0.9%-5.6%
Q1 2023-3.3%-0.6%+15.7%
Q4 2022-7.4%-8.7%-6.3%
Q3 2022-2.5%+0.4%-5.8%
Q2 2022+5.1%+14.9%+4.4%
Q1 2022-7.9%+0.2%+9.6%
Q4 2021+0.2%+4.3%+2.3%
Q3 2021-3.0%-5.1%-4.3%
Q2 2021+2.9%+1.6%+18.3%
Q1 2021+1.6%-3.1%+0.8%
Q4 2020+13.2%+9.6%-6.0%
Q3 2020+1.5%+15.4%+17.9%
Q2 2020-5.3%-2.3%+19.7%
Q1 2020-0.6%-5.6%-7.0%
Q4 2019+2.8%+3.3%+10.4%
Q3 2019+3.6%+4.8%+5.1%
Q2 2019-0.1%-1.6%-8.7%
Q1 2019+1.2%+0.9%+4.2%
Q4 2018+0.9%-0.4%+8.4%
Q3 2018-1.8%+0.2%-1.7%
Q2 2018+1.6%+5.7%+5.9%
Q1 2018-0.3%-3.2%-7.5%
Q4 2017+1.5%+1.4%+16.9%
Q3 2017-1.6%-4.4%-1.0%
Q2 2017+0.1%+1.1%+0.5%
Q1 2017+1.1%+1.1%-5.1%
Q4 2016+2.6%+2.5%+6.8%
Q3 2016+0.1%+0.4%+14.9%
Q2 2016
Q1 2016+0.5%
Q4 2015-3.1%
Q3 2015+0.6%
Q1 2015-0.8%
Q4 2014-2.8%
Q2 2014-1.4%
Q1 2014+3.8%
Q4 2013-1.8%
Q3 2013+1.3%
Q2 2013+5.4%
Q1 2013-11.2%
Q4 2012+0.3%
Q3 2012-0.5%
Q2 2012+0.5%
Q1 2012+0.6%
Q4 2011+0.8%
Q2 2011+3.8%
Q4 2010+3.8%
Q1 2011+3.9%
Q2 2010-1.3%
Q1 2010+0.0%

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