BRT Apartments Corp reports results for the quarter ended June 30 - Earnings Summary

• BRT Apartments Corp BRT.N reported a quarterly adjusted loss of 14 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of two analysts for the quarter was for a loss of 16 cents per share. Wall Street expected results to range from -17 cents to -15 cents per share.

• Revenue rose 1.4% to $24.20 million from a year ago; analysts expected $23.96 million.

• BRT Apartments Corp's reported EPS for the quarter was a loss of 14 cents​.

• The company reported a quarterly loss of $2.57 million.

• BRT Apartments Corp shares had fallen by 4.0% this quarter and lost 16.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the residential reits peer group is also "buy"

• Wall Street's median 12-month price target for BRT Apartments Corp is $21.00, about 28.5% above its last closing price of $15.02

This summary was machine generated from LSEG data August 8 at 05:59 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)