Form 8-K - Current report
December 04 2023 - 3:11PM
Edgar (US Regulatory)
false000001484600000148462023-12-042023-12-04
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 4, 2023
BRT APARTMENTS CORP.
(Exact name of Registrant as specified in charter)
| | | | | | | | | | | | | | |
Maryland | | 001-07172 | | 13-2755856 |
(State or other jurisdiction of incorporation) | | (Commission file No.) | | (IRS Employer I.D. No.) |
60 Cutter Mill Road, Suite 303, Great Neck, New York 11021
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: 516-466-3100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)
Securities registered pursuant to Section 12(b) of the Act: | | | | | | | | |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock | BRT | NYSE |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐ Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events
The information set forth in the press release filed herewith as Exhibit 99.1 is incorporated herein by this reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| | | | | | | | |
Exhibit No. | | Description |
| | Press release dated December 4, 2023 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | | | | |
| | BRT APARTMENTS CORP. |
| | |
December 4, 2023 | | /s/ George Zweier |
| | George Zweier, Vice President |
| | and Chief Financial Officer |
| | |
| | |
BRT APARTMENTS CORP. ANNOUNCES QUARTERLY DIVIDEND
– Increases Current Stock Repurchase Authorization –
Great Neck, New York – December 4, 2023 – 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: www.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:
BRT APARTMENTS CORP.
60 Cutter Mill Road
Suite 303
Great Neck, New York 11021
Telephone: (516) 466-3100
Email: investors@BRTapartments.com
www.BRTapartments.com
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