1. BRT declared a quarterly dividend of $0.25 per share. 2. Dividend payable on October 6, 2025, affecting cash flows. 3. Matthew Gibbons and Isaac Kalish appointed in key financial roles. 4. Gibbons' role effective immediately; Kalish to succeed in Q1 2026. 5. BRT owns 30 properties with over 8,161 units across 11 states.
Declaring a dividend signals financial health and commitment to shareholders, historical examples show dividend declarations typically boost stock prices.
The dividend declaration and new appointments directly impact investor confidence and perceptions of stability.
The dividend declaration and leadership changes may influence investor sentiment immediately, but longer-term effects depend on execution and performance.
GREAT NECK, New York, Sept. 11, 2025 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT) announced today that its Board of Directors declared a quarterly dividend of $0.25 per share. The dividend is payable October 6, 2025, to stockholders of record at the close of business on September 24, 2025.
Additionally, the Company announces the appointment of Matthew Gibbons and Isaac Kalish as chief accounting officer and chief financial officer, respectively. Mr. Gibbons' appointment is effective immediately, and Mr. Kalish's appointment is effective upon the retirement of BRT's current Chief Financial Officer, George Zweier, which the Company anticipates will take place in the first quarter of 2026. Matthew Gibbons and Isaac Kalish are both certified public accountants and have been associated with BRT since 2025 and 2004, respectively.
BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of September 11, 2025, BRT owns or has interests in 30 multi-family properties with 8,161 units in 11 states and has preferred equity investments in two multi-family properties. For additional information on BRT's operations, activities and properties, please visit its website at www.brtapartments.com.
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
