Global News Articles » Brt Realty Trust http://www.globalnewsarticles.com News and Articles from Around the World Wide Web Fri, 10 Sep 2010 11:10:04 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 BRT Realty Trust Reports Results of Operations for the First Quarter of Its Fiscal Year http://www.globalnewsarticles.com/brt-realty-trust-reports-results-of-operations-for-the-first-quarter-of-its-fiscal-year.html http://www.globalnewsarticles.com/brt-realty-trust-reports-results-of-operations-for-the-first-quarter-of-its-fiscal-year.html#comments Mon, 08 Feb 2010 23:55:06 +0000 admin http://www.globalnewsarticles.com/brt-realty-trust-reports-results-of-operations-for-the-first-quarter-of-its-fiscal-year.html GREAT NECK, NY–(Marketwire – February 8, 2010) – BRT REALTY TRUST (NYSE: BRT) today announced
its results of operations for the quarter ended December 31, 2009 (the
first quarter of its 2010 fiscal year). BRT reported that for the three
months ended December 31, 2009, it had total revenues of $1,881,000 and a
net loss of $2,521,000, or a per share net loss on a diluted basis of $.19.
The net loss for the quarter ended December 31, 2009 takes into account a
$3,165,000 provision for loan loss ($.24 per diluted share), an impairment
charge on real estate held for sale of $745,000 ($.06 per diluted share)
and a gain on sale of available-for-sale securities of $1,586,000 ($.12 per
diluted share). For the three months ended December 31, 2008, BRT reported
total revenues of $4,880,000 and a net loss of $3,623,000, or a $.31 per
share net loss on a diluted basis. Net income for the three months ended
December 31, 2008 gives e

]]> http://www.globalnewsarticles.com/brt-realty-trust-reports-results-of-operations-for-the-first-quarter-of-its-fiscal-year.html/feed 0 BRT Realty Trust Announces Retirement of $15,900,000 of Junior Subordinated Notes http://www.globalnewsarticles.com/brt-realty-trust-announces-retirement-of-15900000-of-junior-subordinated-notes.html http://www.globalnewsarticles.com/brt-realty-trust-announces-retirement-of-15900000-of-junior-subordinated-notes.html#comments Thu, 01 Oct 2009 01:10:18 +0000 admin http://www.globalnewsarticles.com/brt-realty-trust-announces-retirement-of-15900000-of-junior-subordinated-notes.html GREAT NECK, NY–(Marketwire – September 30, 2009) – BRT REALTY TRUST (NYSE: BRT) announced today
that it has retired $15,900,000 (reported on its June 30, 2009 balance
sheet at $15,100,000) of its outstanding unsecured junior subordinated
notes in exchange for the transfer by BRT to the noteholder of certain
replacement securities acquired by BRT in the open market during September
2009 as well as cash. The cost to BRT was $7,950,000 plus BRT’s expenses
in the transaction. In connection with this transaction, BRT also made a
payment of $318,000 to the collateral manager to cover fees and expenses of
the noteholder related to the exchange arrangement. The transaction will
result in a net gain to BRT of approximately $6,800,000, net of its
estimated transaction costs. Following the retirement of these unsecured
junior subordinated notes, BRT has an aggregate of $42,400,000 of unsecured
junior subordinated notes outstand

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