BRT Apartments Corp reports results for the quarter ended in June - Earnings Summary

BRT Apartments

10/08/2024 24:04

* BRT Apartments Corp  BRT.N  reported a quarterly adjusted
loss
of 13 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 58 cents.  The mean expectation of two analysts for the
quarter was for a loss of 16 cents per share. 
    * Revenue rose 2.3% to $23.86 million from a year ago;
analysts
expected $23.60 million. 
    * BRT Apartments Corp's reported EPS for the quarter was a
loss
of 13 cents​.
    * The company reported a quarterly loss of $2.35 million.
    * BRT Apartments Corp shares had risen by 2.4% this
quarter and
lost 3.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the residential
reits
peer group is also "buy"

Wall Street's median 12-month price target for BRT Apartments
Corp is $20.50 
This summary was machine generated from LSEG data August 9 at
11:04 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.28           0.29           Beat
 Mar. 31 2024      0.29           0.25           Missed
 Dec. 31 2023      0.28           0.34           Beat
 Sep. 30 2023      0.28           0.31           Beat