BRT Apartments Corp. 8K

BRT Apartments Corp. reported second‑quarter 2026 results and detailed planned multifamily acquisitions, a major mortgage refinancing, active share repurchases, and capital structure metrics in supplemental information furnished with its Form 8‑K.

On August 10, 2026, BRT Apartments Corp. furnished supplemental financial information for the quarter ended June 30, 2026, reporting a modest increase in combined portfolio NOI to $15.2 million and essentially flat FFO and AFFO per diluted share versus the prior-year period, along with a net loss of $3.2 million or $0.19 per diluted share. The company highlighted planned growth initiatives, including a definitive agreement signed on June 2, 2026 to acquire Ranch Lake Apartments, a 336‑unit multifamily property in Bradenton, Florida, for approximately $80 million with the assumption of a low‑coupon HUD‑insured mortgage maturing in 2056, and an anticipated August 2026 joint‑venture acquisition of a Houston, Texas multifamily property for approximately $33 million where BRT expects to hold a 70% interest and fund about $8.8 million of equity plus related transaction and deferred financing costs. BRT also disclosed a July 2026 refinancing of the Civic Center 2 mortgage in Southaven, Mississippi, replacing a $27.8 million, 3.73% loan with a $47.9 million, 5.38% interest‑only loan maturing in 2036, ongoing share repurchase activity totaling 202,828 shares in Q2 2026 and an additional 48,523 shares in early Q3, continued availability on a $40 million revolving credit facility maturing in September 2027, and the declaration of a $0.25 per share dividend for the second quarter of 2026, while providing extensive non‑GAAP reconciliations and portfolio operating metrics for its consolidated and unconsolidated multifamily holdings.

Filing Facts

CIK

14846

Ticker

-

Form

8K

Source Type

sec

Accession

0000014846-26-000038

Alert Tier

6