BRT Apartments Corp. announced its financial results for the third quarter ended September 30, 2024, with the filing of its quarterly report on Form 10-Q. The real estate investment trust reported Funds From Operations (FFO) of $6.8 million for the period.
On a per-share basis, the company's FFO for the third quarter of 2024 was $0.36 per share. As of September 30, 2024, BRT owned or held interests in 29 multi-family properties, encompassing a total of 7,947 units across 11 states.
These results provide investors with an update on the company's operational profitability and portfolio size. FFO is a critical metric for REITs, indicating the cash flow generated from operations before depreciation and amortization.
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