NYSE$BRT
BRT Apartments Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported results, affirmed full year 2023 guidance, and completed asset disposition.
BRT Apartments Corp. reported a net income of $11.2 million, or $0.58 per diluted share, for the second quarter ended June 30, 2023. The company affirmed its full year 2023 guidance and completed the disposition of a joint venture asset in Dallas, TX.
- Net income of $11.2 million, or $0.58 per diluted share.
- Equity (loss) in earnings of unconsolidated joint ventures was $464,000.
- Combined Portfolio NOI increased 1.4%.
- Completed disposition of a joint venture asset in Dallas, TX for a gain of $14.7 million, net proceeds of $19.4 million and an IRR of 22%.
Headline financials
Revenue & EPS history
BRT · Revenue · Quarterly
$23.3M
Revenue by segment
BRT · $21.7M total across 1 segment · Q3 2022
- Rental and Other Revenue$21.7M—100.0%
Forward guidance
The Company affirmed its full year 2023 guidance and accompanying assumptions previously issued on March 14, 2023.
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 2023
+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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