BRT Apartments increases share repurchase authorization to $10M

BRT Apartments announced the Board of Directors has increased the Company’s share repurchase authorization by $6.75 million, and as a result the Company is authorized to repurchase up to $10M of common shares by December 31, 2025. The increase in the share repurchase authorization marks the second such increase in the past two months. The Company repurchased 309,153 shares and 69,029 shares during the second quarter of 2023, and after the quarter through August 14, 2023, respectively, at a weighted average price of $19.03.