Business News • MarketWire • BRT Realty Trust Announces Results of Operations for the Three and Six Months Ended March 31, 2010 |
BRT Realty Trust Announces Results of Operations for the Three and Six Months Ended March 31, 2010 |
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BRT Realty Trust Announces Results of Operations for the Three and Six Months Ended March 31, 2010
GREAT NECK, NY--(Marketwire - May 6, 2010) - BRT REALTY TRUST (NYSE: BRT) today announced
its results of operations for the three and six months ended March 31,
2010. For the three months ended March 31, 2010, BRT reported total
revenues of $2,027,000 and a net loss of $1,357,000, or a per share net
loss of $.10 on a diluted basis. This compares with total revenues of
$3,100,000 and a net loss of $42,336,000, or a per share net loss of $3.62
on a diluted basis for the three months ended March 31, 2009. The prior
year's quarter gives effect to $17,530,000 of provisions for loan losses
($1.50 per share) and total impairment charges of $20,750,000 ($1.78 per
share). The weighted average number of common shares outstanding on a
diluted basis for the quarters ended March 31, 2010 and 2009 is 14,090,229
and 11,682,037, respectively.
View More : http://www.marketwire.com/mw/release.do?id=1256070&sourceType=3
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