The company agreed to buy Ranch Lake Apartments in Bradenton, Florida for about $80 million, including assumption of a $45.7 million HUD-insured mortgage.
Closing is expected in Q1 2027.
Q2 FY26 results and liquidity
BRT Apartments posted a GAAP net loss attributable to common stockholders of $3.22 million for the quarter ended June 30, 2026.
Revenue rose 1.1% to $24.47 million, while interest expense increased 5% to $5.99 million.
NAREIT funds from operations attributable to common stockholders edged up to $5.51 million, while adjusted funds from operations rose to $6.85 million.
Liquidity totaled about $53 million at Aug. 3, including $13 million cash and $40 million available under its credit facility.
BRT•
