BRT Apartments Corp. Announces Quarterly Dividend
04 Dezembro 2023 - 6:10PM
BRT Apartments Corp. (NYSE:BRT) announced that its Board of
Directors declared a quarterly dividend of $0.25 per share. The
dividend is payable January 5, 2024, to stockholders of record at
the close of business on December 20, 2023. The Company
estimates that substantially all of this dividend will be included
in 2024 taxable income.
The Company also announced that its Board of Directors
authorized the replenishment of its August 2023 stock repurchase
authorization. From mid-August 2023 through December 1, 2023,
the Company repurchased approximately $7.2 million of shares at a
weighted average price of approximately $17.95 per share. As of
today, the Company is authorized to repurchase, through 2025, $10
million of shares of its common stock in open market or private
transactions.
About BRT Apartments Corp:
BRT is a real estate investment trust that owns, operates and,
to a lesser extent, develops multi-family properties.
Additional information on BRT, its operations and portfolio, is
available at BRT’s website at: http://brtapartments.com. Interested
parties are encouraged to review BRT’s Form 10-K for the year ended
December 31, 2022 and its other reports filed thereafter with the
Securities and Exchange Commission for additional information.
Contact: Investor Relations
BRT APARTMENTS CORP.60 Cutter Mill RoadSuite
303Great Neck, New York 11021Telephone (516) 466-3100Telecopier
(516) 466-3132http://brtapartments.com
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