NYSE$BRT
BRT Apartments Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Net income and AFFO per diluted share increased significantly, driven by property sales and improved operating margins.
BRT Apartments Corp. reported a substantial increase in net income and AFFO per diluted share for the second quarter of 2022. The company benefited from equity in earnings from the sale of unconsolidated joint venture properties and improved operating margins across its portfolio.
- Net income attributable to common stockholders increased to $35.61 million, or $1.91 per diluted share.
- Adjusted Funds from Operations (AFFO) increased to $6.95 million, or $0.37 per diluted share.
- Rental and other revenues increased 111% to $14.68 million.
- Completed purchases of remaining interests in joint ventures owning five multi-family properties for $34.16 million.
Headline financials
Revenue & EPS history
BRT · Revenue · Quarterly
$14.7M
Revenue by segment
BRT · $21.7M total across 1 segment · Q3 2022
- Rental and Other Revenue$21.7M—100.0%
Forward guidance
BRT anticipates continued growth and value creation through its portfolio of well-located apartment properties.
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 2022
+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
| Quarter | Report date | Reaction (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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