NYSE$BRT

BRT Apartments Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Portfolio consolidated through attractive buy-outs of JV partners, and performance remained strong.

BRT Apartments Corp. reported a net loss of $1.25 million for the three months ended December 31, 2021. However, the portfolio continued to perform very well, with increased same store occupancy and average monthly rent.

  • Net loss attributable to common stockholders was $1.25 million, or $0.08 per diluted share.
  • FFO was $6.3 million, or $0.35 per diluted share.
  • AFFO was $7.5 million, or $0.41 per diluted share.
  • Rental and other revenues grew 46.2% to $10.28 million.

Headline financials

Total Revenue

$10.3M

Previous: $7.05M+45.9%
EPS (adj)

$0.41

Previous: $0.33+24.2%
Net Income

-$1.25M

Previous: -$3.3M+62.1%
Operating Income

-$2.71M

Previous: -$3.21M+15.7%
Gross Profit

$5.77M

Previous: $4.02M+43.4%
Cash & Equivalents

$32.3M

Previous: $19.9M+62.6%
Total Assets

$460M

Previous: $366M+25.6%

Revenue & EPS history

BRT · Revenue · Quarterly

$10.3M

Q4 2021+45.9%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

BRT · $21.7M total across 1 segment · Q3 2022

  • Rental and Other Revenue
    $21.7M

Forward guidance

The company is confident in its portfolio, growth strategy, and the strength of its team, and looks forward to driving continued growth for its stockholders.

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 Q4 2021

Historical avgQ4 2021

+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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