NYSE$BRT
BRT Apartments Corp · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
BRT Apartments Corp. reported results that included a net loss but an increase in FFO and AFFO compared to the same quarter last year.
BRT Apartments Corp. reported a net loss of $7.48 million for the third quarter of 2020, compared to a net income of $3.27 million for the same period in 2019. However, Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO) increased year-over-year, driven by factors such as reduced interest expense and an insurance recovery.
- Collected 98.0% of billed rent, demonstrating the resilience of the business model.
- Net loss attributable to common stockholders was $7.48 million, or $0.44 per diluted share.
- Funds from Operations (FFO) was $4.56 million, or $0.27 per diluted share.
- Adjusted Funds from Operations (AFFO) was $4.89 million, or $0.28 per diluted share.
Headline financials
Revenue & EPS history
BRT · Revenue · Quarterly
$7.31M
Revenue by segment
BRT · $7.02M total across 1 segment · Q3 2020
- Rental and Other Revenue$7.02M+12.1%100.0%
Forward guidance
The company remains cautious with regard to capital deployment and anticipates resuming acquisition activity in 2021 and full-scale value add property upgrades when they believe that the disruptive effects of the pandemic have dissipated. Their priority is to ensure the financial flexibility of their balance sheet as they continue to focus on long-term value creation.
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 Q3 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
| 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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