BRT Realty Trust Announces $2 Million Share Repurchase Program

Internacional (Marketwired, 09 de Septiembre de 2013) BRT Realty Trust (NYSE: BRT), a real estate investment trust that originates and holds for investment senior mortgage loans secured by commercial and multi-family properties, participates as an equity investor in joint ventures which own and operate multi-family properties and owns and operates other real estate assets, today announced that its Board of Trustees had approved a $2 million share repurchase program. This program is intended to be implemented through purchases made from time to time in either the open market or through private transactions; the program is authorized through September 30, 2015. As of September 9, 2013, BRT had approximately 14.2 million shares outstanding.Certain information contained herein is forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding lending activities and other positive business activities. BRT intends such forward looking statements to be covered by the safe harbor provisions for forward looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, are generally identifiable by use of the words "may," "will," "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions or variations thereof. Forward looking statements involve known and unknown risks, uncertainties and other factors, which, in some cases, are beyond BRT's control and could materially affect actual results, performance or achievements. Investors are cautioned not to place undue reliance on any forward-looking statements and to carefully review the section entitled "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended September 30, 2012.


Contact Information


David W. Kalish
(516) 466-3100

BRT Realty Trust
60 Cutter Mill Road
Suite 303
Great Neck, New York 11021
Telephone (516) 466-3100
Telecopier (516) 466-3132



Compartir Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn

Related News

Newland International Properties Corp. Anuncia Solicitud de Consentimiento Sobre Algunas Enmiendas Propuestas

Internacional (Marketwired, 09 de Octubre de 2013) 9 de octubre de 2013) – Newland International Properties, Corp. ("Newland"), anunció hoy que ha concluido las pláticas con el comité directivo que representa a la mayoría de los propietarios en un 9,5% en las notas senior garantizadas que vencen en 2017 (Los "Bonos") que conducen a algunas modificaciones en su emisión, con fecha del 3 de julio del 2013, entre Newland y CSC Trust Company of Delaware, como fiduciario, conforme al cual se emitieron los Bonos.

Homebuyers Keep the New York State Housing Market Hot

Internacional (Marketwired, 19 de Septiembre de 2013) Robust buyer activity continued to drive the summer housing market across New York State during August with gains being posted in closed sales, median price and pending sales, according to the housing market report released today by the New York State Association of REALTORS®.

  • Mortgage Rates Move Lower
  • BRT Realty Trust Announces $2 Million Share Repurchase Program
  • La Cresta by Brookfield Residential in the Villages of Irvine’s Village of Woodbury Is Taking Prestige to the Next Level
  • Governments of Canada and Manitoba Celebrate New Affordable Housing for Seniors in Ste. Anne
  • ISG Celebrates Milestones at Center Parcs Woburn Forest
  • Polipasto/tecle eléctrico de cadena con nueva tecnología de Límite Inteligente de Harrington Hoists, Inc./KITO: WVSN Reports
  • Oxbridge Capital to Attend Hospital Build and Infrastructure Conferences in Germany, Turkey, Russia, and India
  • UPDATE: Hellas Sports Construction Awarded Weber State University Contract for the Second Time
  • Comments are Closed