BRT Apartments Q1 FY26 net loss widens to $2.68 million; total revenue rises 2.1% to $24.61 million
BRT Apartments Corp BRT | 0.00 |
- BRT Apartments posted a GAAP net loss attributable to common stockholders of USD 2.68 million, widening from prior-year quarter loss of USD 2.35 million.
- Total revenues rose 2.1% to USD 24.6 million, while interest expense climbed 5% to USD 5.96 million.
- NAREIT funds from operations increased to USD 6.24 million, with adjusted funds from operations edging down to USD 7.34 million.
- Net operating income grew to USD 13.68 million from USD 13.07 million, driven primarily by a USD 579,000 increase in rental revenue.
- Management flagged oversupply in several markets and said it expects mortgage interest expense to rise as it refinances debt maturing in 2026 and 2027.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BRT Apartments Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000014846-26-000017), on May 07, 2026, and is solely responsible for the information contained therein.
