brt investor relations

All rights reserved. Philips acquired BioTelemetry, a leading provider of remote cardiac diagnostics and monitoring, in early 2021. WebMobil Producing Nigeria is one of the largest oil producers in Nigeria. Further, because there is no industry standard definition of NOI and practice is divergent across the industry, the computation of NOI may from one REIT to another. ET on Tuesday, May 10, 2022 through 11:59 p.m. BRT Apartments Corp. Increases Share Repurchase Authorization To $10 For additional information on BRTs operations, activities and properties, please visit its website at www.brtapartments.com. The following tables provides a reconciliation of NOI to equity in loss of unconsolidated joint ventures as computed in accordance with GAAP for the periods presented for BRTs pro rata share of NOI at its unconsolidated subsidiaries. peer companies that do receive analyst-driven ratings. ET on Tuesday, August 23, 2022. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Do the Socially Responsible Walk the Talk? - Harvard Business 05/15/2023. BRT APARTMENTS CORP. 60 Cutter Mill Road Suite 303 Great Neck, New York 11021 Telephone (516) 466-3100 Telecopier (516) 466-3132 www.BRTapartments.com BRT computes NOI by adjusting net income (loss) to (a) add back (1) depreciation expense, (2) general and administrative expenses, (3) interest expense, (4) loss on extinguishment of debt, (5) equity in earnings (loss) of unconsolidated joint ventures and equity in earnings from the sale of unconsolidated join venture, (6) provision for taxes, (7) the impact of non-controlling interests, and (b) deduct (1) other income, (2) gain on sale of real estate and partnership interest, and (3) gain on insurance recoveries related to casualty loss. The International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) are two of the five institutions of the World Bank Group (WBG). In July 2021, BRT completed the previously announced sales of Parc at 980, located in Lawrenceville, Georgia and The Avenue Apartments, located in Ocoee, Florida. As of June 30, 2022, BRT owns or has interests in 31 multi-family properties with 8,645 units (including a 240 unit development project), located across 11 states. Transaction Activity During the Second Quarter: BRT completed the purchase of the remaining interests in joint ventures that own five multi-family properties with an aggregate of 984 units for an aggregate purchase price of $34.16 million, after giving effect to its partners promote interests. See BRT uses pro rata share to help provide a better understanding of the impact of its unconsolidated joint ventures on its operations. largest 70% of U.S. stocks, mid-cap names account for the largest 7090%, and small-cap names are the remaining 10% of companies. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. WebBioTelemetrys remote monitoring services and clinical research capabilities expand the Philips patient care management offerings. The lower the Forward P/E, the cheaper the stock. The condensed income statements below present, for the periods indicated, a reconciliation of the information that appears in note 8 of BRTs Quarterly report on Form 10-Q to BRTs pro rata share of the operations of its unconsolidated subsidiaries: ________________(1) Reflects BRTs share as determined in accordance with GAAP - not its pro-rata share. About BRT Apartments Corp. 60 CUTTER MILL ROAD SUITE 303, GREAT NECK, New York, 11021, United States +1 516 466-3100 https://www.brtapartments.com. similar fashion. ET on Tuesday, November 9, 2021 through 11:59 p.m. BRN Share Prices; BRT Share Prices; 2022 2022 Integrated Report. At June 30, such mortgage debt had a weighted average interest rate and remaining term to maturity of 4.17% and 5.6 years, respectively. Unless the context otherwise requires, entire portfolio and portfolio refer to 100% of BRTs wholly-owned subsidiaries and its pro rata share of its unconsolidated subsidiaries. AnnouncesFirst Quarter 2022 Earnings Release, BRT Apartments Corp. Acquires Remaining JV Interests in Two Communities for a Purchase Price of $12.8 Million; Additional Agreements in Place to Acquire Remaining Interests in Nine Communities for a Purchase Price of $89.3 Million. BRT also owns and operates other real estate assets. BetMGM will host an investor day for analysts and investors during May to Contact: Investor Relations - (516) 466-3100, BRT APARTMENTS CORP.60 Cutter Mill RoadSuite 303Great Neck, New York 11021Telephone (516) 466-3100Telecopier (516) 466-3132www.BRTapartments.com, BRT APARTMENTS CORP. AND SUBSIDIARIESCONDENSED BALANCE SHEETS(Dollars in thousands), Real estate properties, net of accumulated depreciation, Investments in unconsolidated joint ventures, Junior subordinated notes, net of deferred costs, Total BRT Apartments Corp. stockholders equity, BRT APARTMENTS CORP. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) (Dollars in thousands, except per share data), Rental and other revenues from real estate properties, Equity in loss of unconsolidated joint ventures, Equity in earnings from sale of unconsolidated joint ventures properties, Net income (loss) from continuing operations, net of taxes, Net income attributable to non-controlling interests, Net income (loss) attributable to common stockholders. WebInvestor Presentation March 2021 Mercer Crossing Dallas, TXThe Avenue Ocoee, FLPointe at Lenox Park Atlanta, GA Announces Quarterly Dividend, BRT Apartments Corp. Reports Third Quarter Results for 2022, BRT Apartments Corp. BRTs stock style is Small Growth. BetMGM 2022 Investor Day: BRT is a real estate investment trust that owns, operates and develops multi-family properties. The Group has set a science-based target, committing to be carbon net zero by 2035 and through the Entain Foundation supports a variety of initiatives, focusing on safer gambling, grassroots sport, diversity in technology and community projects. WebFind the latest dividend history for BRT Apartments Corp. (MD) Common Stock (BRT) at Nasdaq.com. Investor Relations BRT Apartments (NYSE: BRT) is a real estate investment trust focused on the ownership, operation and development multi-family assets primarily in Sun Belt locations. Lindsey Crabbe[emailprotected]rtners.com, 212-588-67611345 Avenue of the AmericasSuite 32ANew York, NY 10105[emailprotected]. View of RBC logo outside of RBC corporate headquarters tower. Jeffrey is President, CEO and a member of the Board of Directors of BRT Apartments Corp. (NYSE:BRT). BRT Apartments Corp. Reports Third Quarter Results for 2021 Price/book ratio can tell investors approximately how much theyre paying for a companys assets, For more information see the Group's website: www.entaingroup.com, BETMGM CONTACT Investors are cautioned not to place undue reliance on any forward-looking statements and to carefully review the sections entitled Risk Factors, Cautionary Statements Regarding Forward Looking Statements, and Managements Discussion and Analysis of Financial Condition and Results of Operations in BRTs Annual Report on Form 10-K for the year ended December 31, 2021, and the other reports it files thereafter with the SEC. Transaction Activity During the Third Quarter: As previously announced, BRT closed on the purchase of the remaining 41.9% interest in the joint venture that owns Bells Bluff, a 402-unit multi-family property located in West Nashville, TN. The corresponding quarter in 2021 included an aggregate of $9.52 million, or $0.54 per diluted share, from gains on property sales and sales of partnership interests. Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector. Terms of Use, BetMGM expects to deliver net revenue from operations of over $1.3 billion in 2022 and reach positive EBITDA in 2023, MGM RESORTS AND ENTAIN ANNOUNCE BETMGM BUSINESS UPDATE, https://www.webcaster4.com/Webcast/Page/2832/44324, http://investors.mgmresorts.com/investors/events-and-presentations/, https://www.prnewswire.com/news-releases/mgm-resorts-and-entain-announce-betmgm-business-update-301463816.html, Privacy Policy Interest-Based Advertising, BetMGM is achieving market share in line with its long-term target of 20% - 25% in U.S. sports betting and iGaming, Number 2 operator for sports betting and iGaming across the markets in which it operates with a 24% market share for the three months to November 2021, Remains market leader in iGaming with 30% market share for the three months to November 2021 in the markets in which it operates, Live in 19 jurisdictions 4 iGaming, 19 sports betting, Expects to reach approximately 40% of the U.S. adult population with 2 further jurisdiction launches as well as launch in Canada and Puerto Rico in the coming months, Net revenue from operations expected to be approximately $850 million, Same-state growth in net revenue from operations up 140% from prior year, FY 2021 EBITDA loss expected to be in the range of $420 $440 million, in line with expectations, Cost per acquisition was in line with management's forecast, which reaffirms the expectation of achieving a long-term acquisition cost of $250, Player values in line with expectations, supporting long-term total addressable market opportunity in North America of approximately $32 billion, FY 2022 net revenue from operations expected to be over $1.3 billion. Jeffrey A. Gould, Chief Executive Officer will host the call. Lucky Star owner Oceanas interim dividend up Franklin BSP Realty Trust - Franklin BSP Realty Trust 2 Although these are items of income and expense at unconsolidated joint venture properties, these are presented on a 100% basis-not on a pro rata basis. News | BRT Apartments BRT BRT Capital Assets, Inc BRT uses its expert real estate and investment experience to maximize risk-adjusted return for its stockholders See Non-GAAP Financial Measures for further information. On October 1, 2021, BRT purchased, for $1.6 million, the remaining 10% interest owned by its joint venture partners in the venture that owns Crestmont at Thornblade, a 266-unit multi-family property in Greenville, SC. MGM Resorts International (NYSE: MGM) is an S&P 500 global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. American Stock Transfer & Trust Company, LLC (AST) (800) 937-5449; www.astfinancial.com; Stay in the know. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. BRT Apartments Corp. (BRT) Stock Price, Quote & News Adjustments for unconsolidated partnerships and joint ventures are calculated to reflect funds from operations on the same basis. Call 1-415-371-2921. BetMGM will host an investor day for analysts and investors during May to provide further updates on financial performance, operational plans and outlook. Investor Presentation - BRT Apartments BRT As previously reported, the unconsolidated joint ventures in which BRT held a 65% to 75% equity interests, completed the sale of two multi-family properties for an aggregate sales price of $159.55 million. FBRT invests across the capital structure with a focus on generating attractive risk-adjusted returns. Investor Home - Sustainalytics BRT Realty Trust - AnnualReports.com BRT completed the purchase from its joint venture partners of the remaining interests in the joint venture that owned five multi-family properties with an aggregate of 1,572 units for an aggregate purchase price, after giving effect to its partners promote interests, of $62.99 million. Company Profile. NAREIT Investor CARE Award Winner 2014-2020 Multi-Cylinder Platform Current portfolio size is over $28 billion Investor Relations Contact. BRT APARTMENTS CORP. 60 ET on Tuesday, August 8, 2023 through 11:59 p.m. Transfer Agent. This site is protected by reCAPTCHA and the Google Provide specific products and services to you, such as portfolio management or data aggregation. Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to BRT has a forward dividend yield of 5.24%. BRT is a New York-based Real Estate Investment Trust that specializes in To participate in the conference call, callers from the United States and Canada should dial 1-877-407-9208, and international callers should dial 1-201-493-6784, ten minutes prior to the scheduled call time. After submitting your request, you will receive an activation email to the requested email address. Franklin BSP Realty Trust - Franklin BSP Realty Trust BRT also reduced its mortgage debt at its unconsolidated subsidiaries by $107 million in connection with the sales of Parc at 980 and The Avenue Apartments. BRT Apartments Corp (BRT) Stock Price Today, Quote, Latest We lend against all commercial property types with a national origination footprint. WebBroadridge is a global fintech leader. The change was due primarily to increases in mortgage prepayment charges, state income taxes (due to the increase in state taxes from gains on property sales, which gains were not fully offset by net operating loss carryforwards in certain states), non-cash compensation expense and a decrease in insurance recoveries, offset by BRTs share of reduced interest expense at its unconsolidated subsidiaries and improved operating margins at same store properties across our entire portfolio.2. A replay of the conference call will be available after 11:30 a.m. BRT Realty Trust We believe our work is more than a business it's a higher calling to serve others. The 12-month stock price forecast is $25.5, which is an increase of 33.65% from the latest price. The webcast may also be accessed live by visiting the Companys investor Utilizing Entain's U.S.-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. ET on Tuesday, May 10, 2022. At September 30, 2021, BRTs available liquidity was approximately $52.16 million, comprised of $29.60 million of cash and cash equivalents, $7.56 million of restricted cash, and up to $15.0 million available under its credit facility. Certain information contained herein is forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Contact: Investor Relations - (516) 466-3100. In providing forward-looking statements, BetMGM is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. UMH Properties Net Revenue. At Franklin BSP Realty Trust, Inc., we promise to treat your data with respect and will not share your information with any third party. FFO was $7,000, or less than $0.01 per diluted share, for the three months ended September 30, 2021, compared to $4.56 million, or $0.27 per diluted share, for the three months ended September 30, 2020. ________________1 A description and reconciliation of non-GAAP financial measures (e.g., FFO, AFFO and NOI) to GAAP financial measures is presented later in this release. BRT is a real estate investment trust that owns and operates multi-family properties. WebJEFFREY A. GOULD President and CEO. WebSee other industries within the Other Services (except Public Administration) sector: Business, Professional, Labor, Political, and Similar Organizations , Civic and Social Organizations , Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance , Death Care Services , Drycleaning and Laundry Services , To participate in the conference call, callers from the United States and Canada should dial 1-855-327-6838, and international callers should dial 1-604-235-2082, ten minutes prior to the scheduled call time. Total expenses for the three months ended June 30, 2022 increased 80.5% to $17.80 million from $9.87 million for the three months ended June 30, 2021, primarily due to the impact of the consolidating transactions. WebFind the latest BRT Apartments Corp. (BRT) stock quote, history, news and other vital WebOur latest public disclosures and investor information. Pro rata share reflects BRTs percentage equity interest in the applicable unconsolidated subsidiary. News, Events and Presentations Wed like to share more about how we work and what drives our day-to-day business. In 2022, San Francisco launched Van Ness BRT service, cutting travel times by 35 percent and growing ridership at a faster rate than any bus or rail line in the system. BRT computes FFO in accordance with the White Paper on Funds from Operations issued by the National Association of Real Estate Investment Trusts (NAREIT) and NAREITs related guidance. View the full answer. BRT discloses FFO, AFFO and NOI because it believes that such metrics are widely recognized and appropriate measure of the performance of an equity REIT. Head of Investor Relations. WebBlackRocks Net Zero Commitment. BRT estimates that it will generate an internal rate of return, or IRR, of approximately 20% from this property over the six years it was owned. AIR Communities | Home Investors BetMGM will host a conference call at 10:00 a.m. Eastern Time today, which will include an overview of its results, followed by a brief question and answer session. R$ 13.191. The Form 10-Q can also be linked through the Investor Relations section of BRTs website. At August 5, 2022, BRTs available liquidity was approximately $31.38 million, including $13.85 million of cash and cash equivalents, $4.53 million of restricted cash for property improvements and, without giving effect to the $25 million uncommitted accordion feature, up to $13.0 million available under its credit facility. FEATURED PRESENTATIONS. from a bottom-up perspective to find companies describing their business in a These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies. Well Covered, Growing Dividend. Starwood Property Trust (203) 422-7788. ztanenbaum@starwood.com. Liberty is a leading North American energy services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, are generally identifiable by use of the words may, will, believe, expect, intend, anticipate, estimate, project, apparent, experiencing or similar expressions or variations thereof. Rental and other revenues for the current three months increased $7.72 million, or 111%, to $14.68 million from $6.96 million for the quarter ended June 30, 2021, primarily due to the purchase, since September 2021, of the remaining interests of joint venture partners in nine multi-family properties and the inclusion of such properties in BRTs consolidated results of operations. Investor Relations Announces Third Quarter 2022 Earnings Release, BRT Apartments Corp. Reports No Damage From Hurricane Ian, BRT Apartments Corp. On November 4, 2021, BRT completed the previously announced sale of its interests in two underperforming properties located in St. Louis, MO. GREAT NECK, N.Y., June 15, 2022 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) today announced that its stockholders will have an opportunity to participate in its Dividend Reinvestment Plan (the Expects to Realize in Excess of a $16 million Gain on Sale . Download. ET on Tuesday, May 24, 2022. WebTrack BRT Apartments Corp (BRT) Stock Price, Quote, latest community messages, chart, To participate in the conference call, callers from the United States and Canada should dial 1-877-407-9208, and international callers should dial 1-201-493-6784, ten minutes prior to the scheduled call time.

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