BRT Realty (BRT) Q3 FFO and Revenues Beat Estimates

Group 1 - BRT Realty (BRT) reported quarterly funds from operations (FFO) of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, but down from $0.41 per share a year ago, indicating a 12.2% year-over-year decline [1] - The company achieved revenues of $24.4 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.50%, and showing an increase from $23.85 million in the same quarter last year [2] - BRT has surpassed consensus FFO estimates two times over the last four quarters and topped consensus revenue estimates three times during the same period [2] Group 2 - The stock has underperformed, losing about 3.2% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The current consensus FFO estimate for the upcoming quarter is $0.37 on revenues of $23.83 million, and for the current fiscal year, it is $1.42 on revenues of $94.71 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Residential is in the top 37% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]