NYSE:BRTResidential REITs
BRT Apartments (BRT) Stock Shrugs Off Wider Loss As FFO Holds Firm
BRT Apartments stock barely flinched after earnings, slipping only 0.3% to about US$14, even though the headline story is not about profit at all. For a residential REIT, the real heartbeat is Funds From Operations, and BRT printed roughly US$5.5m in the quarter against a reported net loss of US$3.4m. The market seems to be shrugging because that contrast between cash style earnings and accounting losses is already baked in. The real question for you now is how comfortable you are with that...