Brt Realty Trust (BRT) Reports Q1 AFFO of $0.16/Share

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Go back to Brt Realty Trust (BRT) Reports Q1 AFFO of $0.16/Share

BRT Realty Trust Reports Second Quarter 2015 Results

May 8, 2015 4:15 PM EDT

GREAT NECK, NY -- (Marketwired) -- 05/08/15 -- BRT Realty Trust (NYSE: BRT) today announced operating results for the three months ended March 31, 2015.

Jeffrey A. Gould, President and Chief Executive Officer, stated: "We are pleased with the progress of our multi-family operations as reflected in the increase in funds from operations to $0.12 per diluted share in the current quarter from $0.00 per share in the three months ended March 31, 2014. We also benefited from our $1.7 million share of the $2.7 million gain from the February 2015 sale of the Lawrenceville, Georgia multi-family property acquired three years ago. The... More