Definitive Proof that investors should take notice on this: BRT Apartments Corp. (NYSE: BRT)

BRT Apartments Corp. (NYSE: BRT) spotted trading -38.99% off 52-week high price. On the other end, the stock has been noted 90.67% away from the low price over the last 52-weeks. The stock changed 4.28% to recent value of $11.44. The stock transacted 27993 shares during most recent day however it has an average volume of 67.62K shares. The company has 16.18M of outstanding shares and 13.8M shares were floated in the market.

BRT APARTMENTS CORP. (BRT) recently reported operating results for the quarter ended March 31, 2020.

Financial Results:
Net loss attributable to ordinary stockholders was $4.8M, or $0.29 per diluted share, for the first quarter of 2020, contrast to net loss of $4.2M, or $0.27 per diluted share, for the three months ended March 31, 2019.  The change is due primarily to the $523,000 increase in professional fees associated with the Company’s restatement of certain previous period financial statements.

Funds from Operations, or FFO, was $3.3M, or $0.19 per diluted share, for the quarter ended March 31, 2020, contrast to $3.1M, or $0.19 per diluted share, in the corresponding quarter in 2019.

AFFO in the 2020 quarter was $4.0M, or $0.23 per diluted share, contrast to $3.7M, or $0.23 per diluted share, in the 2019 quarter.

Diluted per share net income, FFO and AFFO were negatively influenced during the quarter ended March 31, 2020 by the $0.03 per diluted share  increase in professional fees related to the restatement and the approximate 1.0M increase in the weighted average number of shares of ordinary stock outstanding from January 1, 2019 through March 31, 2020 (including the effect of 694,298 shares issued during the three months ended March 31, 2020), due primarily to stock issuances pursuant to the Company’s at-the-market equity offering program.

Operating Results:

As of June 15, 2020, BRT owns or has interests in 39 multi-family properties with 11,042 units, located across 11 states, including two properties in lease-up.  Eight properties are wholly-owned and the balance are owned through unconsolidated joint ventures in which BRT owns a substantial equity interest.

[1]  A description and reconciliation of non-GAAP financial measures (e.g., FFO and AFFO) to GAAP financial measures is presented later in this release.

During the current quarter, average total occupancy at stabilized properties was about 93.3%, contrast to about 91.1% during the corresponding quarter in 2019.  Average rental rate per occupied unit at stabilized properties during the current quarter was about $1,013 per month contrast to about $956 per month during the corresponding 2019 quarter.  Stabilized properties include all our consolidated and unconsolidated properties, other than those in lease-up.

Rental revenue for the current three months reduced 2.9% to $6.7M from $6.9M for the quarter ended March 31, 2019, due primarily to property sales.

Total expenses for the quarter ended March 31, 2020 were $9.8M contrast to $9.2M for the quarter ended March 31, 2019, due primarily to professional fees and expenses related to the restatement of BRT’s financial statements.

Our share of the loss of unconsolidated joint ventures for the current quarter was $1.8M contrast to $2.1M in the corresponding quarter of 2019.

Its earnings per share (EPS) expected to touch remained -89.50% for this year while earning per share for the next 5-years is expected to reach at # ref. BRT has a gross margin of 55.60% and an operating margin of -35.40% while its profit margin remained 3.10% for the last 12 months.   According to the most recent quarter its current ratio was # ref that represents company’s ability to meet its current financial obligations. The price moved ahead of 5.26% from the mean of 20 days, 15.18% from mean of 50 days SMA and performed -20.53% from mean of 200 days price. Company’s performance for the week was -12.80%, 32.56% for month and YTD performance remained -32.59%.

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