BRT Apartments: I'm Buying The Growing 4.7% Yield
Summary
- BRT Apartments is paying its shareholders a $0.25 per share quarterly cash dividend for a 4.7% yield.
- The REIT has grown this by a 5.27% compound annual growth rate over the last three years.
- FFO at $0.29 per share fully covers the quarterly dividend payout as BRT continues to expand its portfolio of Sun Belt-focused multifamily properties.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of BRT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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