BRT Apartments Corp. (BRT)
NYSE NYSE Primary 
XFRA 
BRT Apartments Corp: Cheap With Caveats
BRT Apartments Corp. offers a 6.9% yield and a 67% payout ratio, but faces headwinds from Sun Belt oversupply and higher refinancing rates. BRT's AFFO per share is expected to erode as low-interest mortgages roll over, limiting future dividend sustainability and price appreciation. Insider buying remains strong, but muted rent growth, flat occupancy, and limited analyst coverage temper enthusiasm for BRT shares.
BRT Apartments: Still No Upgrade
BRT Apartments has shown modest revenue and profit growth, but lacks significant expansion in property portfolio or units owned. Despite a solid 6.5% dividend yield, shares are not attractively valued compared to peers and leverage remains relatively high. Recent financial results are mixed, with some bottom-line improvements but limited top-line growth and no standout competitive advantages.
BRT Apartments: A REIT Driven By Sunbelt Growth, But Not Growing Profits
Today, I initiate coverage of BRT Apartments with a hold rating, agreeing with the Seeking Alpha quant system. This REIT could benefit from continued population growth in the US Sunbelt, where it has a diversified property portfolio across several states. Although it generates positive cashflow, which could sustain its dividend, it has not found a way to turn a profit lately.
Is the Options Market Predicting a Spike in BRT Apartments (BRT) Stock?
Investors need to pay close attention to BRT Apartments (BRT) stock based on the movements in the options market lately.
BRT Realty (BRT) Q3 FFO and Revenues Beat Estimates
BRT Realty (BRT) came out with quarterly funds from operations (FFO) of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to FFO of $0.41 per share a year ago.
BRT Apartments: A Turnaround Opportunity Is On The Horizon
BRT Apartments Corp. is a multifamily REIT with strong occupancy rates and rents per unit, despite its recent financial challenges. Rising interest expenses and negative real growth have led to net losses, but refinancing could alleviate financial strain. Negative real revenue growth might abate as disinflation cools.
BRT Apartments: Well-Positioned To Benefit From Real Estate Cap Rate Compression
BRT Apartments is a residential REIT focused on the Sun Belt region. The REIT has underperformed the Vanguard Real Estate Index Fund so far in 2024. Q2 showed lower adjused FFO but higher net operating income, with occupancy flat Y/Y.
BRT Realty (BRT) Q2 FFO Miss Estimates
BRT Realty (BRT) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.37 per share a year ago.
7 REITs Yielding 5% (or More) With Strong Upside Potential
For investors uncertain about broader market dynamics, real estate investment trusts or REITs offer an excellent avenue to put your money to work. I think it's safe to say that the number one reason people consider this sector is the often-robust passive income potential.
Best Income Stocks to Buy for June 11th
GPRK, BRT and TRMK made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 11, 2024.
