NYSE$BRT

BRT Apartments Corp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported second quarter results with 98% of billed amounts collected and focus on tenant and team member well-being.

BRT Apartments Corp. reported a net loss of $4.25 million for the second quarter of 2020, but collected 98% of billed amounts. The company remains focused on tenant and team member well-being and is monitoring markets while protecting stockholder interests and liquidity.

  • Collected 98% of billed amounts for the quarter and July.
  • Maintained focus on the health and well-being of tenants and team members.
  • Monitored market conditions to balance resident needs with stockholder interests.
  • Believed to be well-positioned from a liquidity perspective.

Headline financials

Total Revenue

$6.82M

Previous: $33.1M-79.4%
EPS (adj)

$0.27

Previous: $0.23+17.4%
Capital Expenditures

-$441K

Previous: -$61.6M+99.3%
Free Cash Flow

-$4.69M

Previous: -$65.9M+92.9%
Net Income

-$4.25M

Previous: -$4.32M+1.6%
Operating Income

-$2.76M

Previous: -$5.55M+50.2%
Gross Profit

$2M

Previous: $7.28M-72.5%
Cash & Equivalents

$16.9M

Previous: $8.31M+103.1%
Total Assets

$386M

Previous: $393M-1.9%

Revenue & EPS history

BRT · Revenue · Quarterly

$6.82M

Q2 2020-79.4%vs Q2 2019
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

BRT · $6.66M total across 1 segment · Q2 2020

  • Rental and Other Revenue
    $6.66M-6.2%

Forward guidance

The company did not provide specific forward guidance in this earnings report. The focus was on the uncertainty related to COVID-19 and its potential impact on residents' ability to pay rent, as well as the company's ability to pay dividends and debt service.

Headwinds

  • Potential adverse effect of COVID-19 on residents' ability to pay rent.
  • Possible impact on the company's ability to pay dividends.
  • Potential impact on the ability to service debt.
  • Resurgence of the pandemic in the Southeast United States and Texas.
  • Uncertainty regarding the scope, severity, and duration of the pandemic.

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 Q2 2020

Historical avgQ2 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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