BRT Apartments Corp. (NYSE:BRT) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, BRT is expected to report 3Q20 loss of $ 0.26 per share from revenue of $ 6.86 million.
For the full year, analysts anticipate top line of $ 48.04 million, while looking forward to loss of $ 1.04 per share bottom line.
Previous Quarter Performance
BRT Apartments Corp. posted loss for the second quarter of $ 0.29 per share, from the revenue of $ 6.92 million, On adjusted basis, BRT reported income for the quarter of $ 0.23 per share. The quarterly revenues down 2.95 percent compared with the same quarter last year. Street analysts expected BRT Apartments Corp. to report loss of $ 0.21 per share on revenue of $ 32.80 million for the second quarter. The bottom line results beat street analysts by $ 0.44 or 209.52 percent, at the same time, top line results fell short of analysts by $ 25.88 million or 78.9 percent.
Stock Performance
Shares of BRT Apartments Corp. traded low $ -0.56 or -4.35 percent on Wednesday, reaching $ 12.31 with volume of 38.30 thousand shares. BRT Apartments Corp. has traded high as $ 12.69 and has cracked $ 12.11 on the downward trend
The closing price of $ 12.31, representing a 114.50 % increase from the 52 week low of $ 6.00 and a 31.36 % decrease over the 52 week high of $ 18.75.
The company has a market capital of $ 202.28 million and is part of the Real Estate sector and REIT – Residential industry.
BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-Q filed with the Securities and Exchange Commission for the quarter ended December 31, 2018 and the supplemental disclosures regarding the quarter on the investor relations section of the Companys website.
