After submitting your request, you will receive an activation email to the requested email address. The 2020 period includes a $3.64 million non-cash impairment charge related to a vacant Daytona, Florida land parcel. Unlock Our Full Analysis With Morningstar Investor, BRTs full dividends and stock split history, Transparency is our policy. April 29, 2022 09:41 ET Since the NAREIT White Paper only provides guidelines for computing FFO, the computation of AFFO may vary from one REIT to another. Comprising of 57 stories and 1.6 million square feet of prime office space, it is the tallest and one of the largest office buildings to be built in Chicago in nearly 30 years. 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) earnings of unconsolidated joint ventures, Equity in earnings from sale of unconsolidated joint ventures properties, Net income from continuing operations, net of taxes, Net income attributable to non-controlling interest, Net income attributable to common stockholders. WebInvestor Relations ; Acquisitions; News; All Properties Industrial Retail Restaurant Fitness Grocery Anchored Office Other. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. As a result of the completion of these purchases, all of these properties are wholly-owned by BRT. Do the Socially Responsible Walk the Talk? - Harvard Business Franklin BSP Realty Trust, Inc. (FBRT), formerly known as Benefit Street Partners Realty Trust, Inc., is a real estate investment trust (REIT) that originates, acquires and manages a diversified portfolio of commercial real estate debt secured by properties located in the United States. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. . Governance - Executive Management | BRT Apartments BRT uses pro rata share to help provide a better understanding of the impact of its unconsolidated joint ventures on its operations. The live webcast and replay will also be accessible at http://investors.mgmresorts.com/investors/events-and-presentations/. 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. Jeffrey A. Gould, Chief Executive Officer will host the call. ET on Tuesday, May 9, 2023. Investor Relations By providing your email address below, you are providing consent to Franklin BSP Realty Trust, Inc. to send you the requested Investor Email Alert updates. BRT The increase is due primarily to a $34.98 million, or $2.02 per diluted share, of gain on the previously announced sales by an unconsolidated joint venture of the properties in Ocoee, Florida and Lawrenceville, Georgia. Click here for more on how to use these ratings. GREAT NECK, N.Y., Oct. 20, 2022 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a multi-family real estate investment trust with properties located primarily in the Southeast United States and Te GREAT NECK, N.Y., Oct. 06, 2022 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) today announced the Company's apartment communities in Tallahassee and Pensacola, Florida, Columbia, Greenville and GREAT NECK, N.Y., Sept. 15, 2022 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) entered into an amended credit facility which increases to up to a total of $60 million the amount available to be GREAT NECK, N.Y., Sept. 14, 2022 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that its Board of Directors declared a quarterly dividend of $0.25 per share. Instagram Twitter linkedIn. A NATIONAL MULTI-FAMILY EQUITY REIT Learn how it impacts everything we do. Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. FBRT invests across the capital structure with a focus on generating attractive risk-adjusted returns. Replay Information: INVESTOR MATERIALS. BRT also considers FFO and AFFO to be useful in evaluating potential property acquisitions. Provide specific products and services to you, such as portfolio management or data aggregation. 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. BRT Capital Assets, Inc FFO, AFFO and NOI should not be considered to be an alternative to net income as a reliable measure of our operating performance; nor should FFO, AFFO and NOI be considered an alternative to cash flows from operating, investing or financing activities (as defined by GAAP) as measures of liquidity. The pro rata share reflects BRTs percentage equity interest in the applicable subsidiary. BRT provides joint venture equity on multifamily properties throughout the country, and purchases multifamily directly. News. 2021 Corporate Responsibility Report. The pro rata share reflects BRTs percentage equity interest in the applicable subsidiary. The 12-month stock price forecast is $25.5, which is an increase of 33.65% from the latest price. The company is a fully integrated real estate investment trust (REIT) listed on the New York Stock Exchange under the symbol: SUI. WebMicrosoft Fiscal Year 2023 Fourth Quarter Earnings Conference Call. In addition, anticipated property purchases and sales (including information regarding the purchase and/or sale of the interests of BRT in its joint ventures) may not be completed during the periods indicated or at all, and estimates of gains from property sales are subject to adjustment, among other things, because actual closing costs may differ from the estimated costs. 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 Contact: Investor Relations - (516) 466-3100. Its often used to measure a companys size. 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. The following tables provides a reconciliation of NOI to net income attributable to common stockholders as computed in accordance with GAAP for the periods presented: Equity in earnings from sale of unconsolidated joint venture properties, Adjust for: Equity in (earnings) loss of unconsolidated joint venture properties, Add: Net income attributable to non-controlling interests, Less: Non-same store Net Operating Income (loss), BRT APARTMENTS CORP. AND SUBSIDIARIESRECONCILIATION OF NOI AT UNCONSOLIDATED SUBSIDIARIES(Unaudited) (Dollars in thousands, except per share data). To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Privacy Policy and Email Alerts; Corporate Profile; Contacts; RSS News Feed; Global Self Storage. News | BRT Apartments Our solutions process more than 750 million shareholder positions annually and underpin more than $9 trillion trades per day in fixed income and equities. GREAT NECK, N.Y., April 25, 2023 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures tha GREAT NECK, N.Y., Feb. 21, 2023 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that GREAT NECK, N.Y., Dec. 06, 2022 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that its Board of Directors declared a quarterly dividend of $0.25 per share. WebBRT Realty Trust. Our Quantitative Research team models direct competitors or comparable companies R$ Million. Investor Relations. BRT News, Events and Presentations 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. The webcast may also be accessed live by visiting the Companys investor Investors Same store properties refer to properties owned for the entirety of the periods discussed.3 See footnote 2 above.4 That is, 100% of BRTs wholly-owned subsidiaries and its pro rata share of its unconsolidated subsidiaries. Our network of broker and borrower relationships drives proprietary deal flow and a large pipeline of investment opportunities. MGM Resorts is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan. 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 $13.0 million available under its credit facility. AvalonBay Communities, Inc. 4040 Wilson Blvd. BRT also owns and operates other real estate assets. The Company will host a conference call and webcast to review its financial results with investors and other interested parties at 8:30 a.m. ET on Tuesday, November 23, 2021. BRT WORKSHOPS LTD Suite 1000 Arlington, VA 22203 (703) 329-6300 ; Investor Relations Contact Jason Reilley Vice President R$ Million. Investor Relations At Franklin BSP Realty Trust, Inc., we promise to treat your data with respect and will not share your information with any third party. 05/08/2023. from a bottom-up perspective to find companies describing their business in a Examples of these statements include, but are not limited to, BetMGM's expectations regarding its financial outlook (including forecasted revenues from operations, EBITDA losses, and amounts expected to be invested by MGM Resorts and Entain in 2022), projected market share position, and its expected growth in new and existing jurisdictions. Forward looking statements, including statements with respect to BRTs multi-family property acquisition and ownership activities, involve known and unknown risks, uncertainties and other factors, which, in some cases, are beyond BRTs control and could materially affect actual results, performance or achievements. Compare Regional Transportation Authority | Bus rapid transit could be Announces Third Quarter 2022 Earnings Release, BRT Apartments Corp. Reports No Damage From Hurricane Ian, BRT Apartments Corp. Webcast Event Website PowerPoint Transcript. FBRT has an experienced real estate team with extensive origination, underwriting and asset management capabilities. At June 30, 2022, BRT had $57.0 million of cash and cash equivalents, total assets, of $605.22 million, total debt of $334.09 million, and BRT total stockholders equity of $249.14 million. WebFor more than 30 years, the firm has been at the forefront of developing high-quality, innovative solutions to meet the evolving needs of global investors. 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, including statements regarding the apparent improvement in the economic environment and BRTs ability to originate additional loans. BRT Apartments Corp. A replay of the conference call will be available after 11:30 a.m. However, the use of pro rata information has limitations. Director; Managing Director of Alliance Bernstein. BetMGM will host an investor day for analysts and investors during May to provide further updates on financial performance, operational plans and outlook.
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