Last $7.19 USD
Change Today 0.00 / 0.00%
Volume 5.9K
BRT On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 08/26/14 All times are local (Market data is delayed by at least 15 minutes).

brt realty trust (BRT) Snapshot

Open
$7.22
Previous Close
$7.19
Day High
$7.23
Day Low
$7.19
52 Week High
01/16/14 - $7.66
52 Week Low
11/19/13 - $6.85
Market Cap
102.8M
Average Volume 10 Days
7.2K
EPS TTM
$-0.07
Shares Outstanding
14.3M
EX-Date
12/11/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BRT REALTY TRUST (BRT)

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brt realty trust (BRT) Details

BRT Realty Trust originates and holds for investment senior mortgage loans secured by commercial and multi-family real estate property in the United States. The company offers short-term or bridge loans at a floating rate of interest based on a spread over the prime rate. Its lending activities focus on operating properties, such as multi-family properties, residential properties being converted to condominium ownership, retail properties, shopping centers, mixed use buildings, and hotels/motels. The company also acquires multi-family properties; and owns, operates, and develops various real estate assets. As of November 29, 2013, it owned 20 multi-family properties located in 7 states with an aggregate of 5,620 units. The company qualifies as a real estate investment trust for federal income tax purposes. It would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. BRT Realty Trust was founded in 1972 and is based in Great Neck, New York.

Founded in 1972

brt realty trust (BRT) Top Compensated Officers

Chief Executive Officer, President and Truste...
Total Annual Compensation: $528.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $256.8K
Executive Vice President
Total Annual Compensation: $432.9K
Senior Vice President of Finance
Total Annual Compensation: $170.7K
Senior Vice President and General Counsel
Total Annual Compensation: $122.5K
Compensation as of Fiscal Year 2013.

brt realty trust (BRT) Key Developments

BRT Realty Trust Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014

BRT Realty Trust reported consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported net loss attributable to common shareholders of USD 331,000 or USD 0.02 per basic and diluted share on total revenue of USD 18,115,000 against net income attributable to common shareholders of USD 521,000 or USD 0.04 per basic and diluted share on total revenue of USD 12,038,000 a year ago. Funds from operations were USD 2,520,000 or USD 0.18 per diluted share against USD 1,335,000 or USD 0.09 per diluted share a year ago. Adjusted funds from operations were USD 2,963,000 or USD 0.21 per diluted share against USD 1,669,000 or USD 0.11 per diluted share a year ago. The increase in revenue is due primarily to rental revenue from twelve multi-family properties acquired since July 2013. For the nine months, the company reported net loss attributable to common shareholders of USD 5,656,000 or USD 0.40 per basic and diluted share on total revenue of USD 49,115,000 against net income attributable to common shareholders of USD 227,000 or USD 0.02 per basic and diluted share on total revenue of USD 30,435,000 a year ago. Funds from operations were USD 2,073,000 or USD 0.14 per b diluted share against funds from operations was USD 3,541,000 or USD 0.25 per b diluted share a year ago. Adjusted funds from operations were USD 3,308,000 or USD 0.23 per diluted share against USD 4,635,000 or USD 0.32 per diluted share a year ago.

BRT Realty Trust Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2014

BRT Realty Trust reported consolidated earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company reported net loss of $3,511,000 and net loss attributable to common shareholders were $2,592,000 or $0.18 per basic and diluted share on total revenue of $15,784,000 against net income of $676,000 and net income attributable to common shareholders were $1,010,000 or $0.07 per basic and diluted share on total revenue of $10,146,000 a year ago. The change in results between the 2014 and 2013 periods is due primarily to the changes in total revenues and total expenses described above and the inclusion, in the 2013 period, of a $482,000 gain on sale of available-for-sale securities. Funds from operations were $134,000 or $0.01 per diluted share against funds from operations was $2,370,000 or $0.16 per diluted share a year ago. Adjusted funds from operations were $561,000 or $0.04 per diluted share against funds from operations was $2,729,000 or $0.19 per diluted share a year ago. The increase in total revenue is due primarily to the $7.30 million increase in rental revenue from multi-family properties acquired since April 2013, partially offset by a $2.34 million decrease in interest and fees on real estate loans. The decrease in FFO and AFFO is attributable to the net loss attributable to common shareholders. For the six months, the company reported net loss of $7,262,000 and net loss attributable to common shareholders were $5,325,000 or $0.37 per basic and diluted share on total revenue of $31,000,000 against net loss of $1,506,000 and net loss attributable to common shareholders were $294,000 or $0.02 per basic and diluted share on total revenue of $18,397,000 a year ago. Funds lost from operations were $37,000 or $0.00 per diluted share against funds from operations was $2,366,000 or $0.17 per diluted share a year ago. Adjusted funds from operations were $755,000 or $0.05 per diluted share against funds from operations was $3,127,000 or $0.22 per diluted share a year ago.

BRT Realty Trust Announces Consolidated Earnings Results for the First Quarter Ended December 31, 2013

BRT Realty Trust announced consolidated earnings results for the first quarter ended December 31, 2013. For the quarter, total revenues were $14,848,000 compared to $7,910,000 a year ago. The increase was due to the rental revenue from the 15 multi-family properties acquired during the 15 months ended December 31, 2013. Loss from continuing operations was $3,821,000 or $0.19 basic and diluted per share compared to $2,184,000 or $0.09 basic and diluted per share a year ago. Net loss was $3,751,000 compared to $2,182,000 a year ago. Net loss attributable to common shareholders was $2,733,000 or $0.19 basic and diluted per share compared to $1,304,000 or $0.09 basic and diluted per share a year ago. Funds from operations were $475,000 or $0.04 per share compared to a nominal amount in the first quarter of fiscal 2013.

 

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BRT Competitors

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Company Last Change
Bimini Capital Management Inc $1.80 USD +0.05
Cherry Hill Mortgage Investment Corp $20.13 USD +0.22
Ellington Residential Mortgage REIT $17.55 USD +0.06
Orchid Island Capital Inc $13.98 USD +0.09
ZAIS Financial Corp $19.08 USD +0.20
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Industry Analysis

BRT

Industry Average

Valuation BRT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.4x
Price/Book 0.8x
Price/Cash Flow 8.7x
TEV/Sales NM Not Meaningful
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