BRT Apartments Amends 8-K Filing for Dec 26, 2023 Events
Ticker: BRT · Form: 8-K/A · Filed: Jan 16, 2024 · CIK: 14846
| Field | Detail |
|---|---|
| Company | Brt Apartments CORP. (BRT) |
| Form Type | 8-K/A |
| Filed Date | Jan 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $62.5 m, $1.3 million |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: amendment, corporate-governance, SEC-filing
TL;DR
**BRT Apartments filed an 8-K/A, clarifying or updating a prior December 26, 2023, disclosure.**
AI Summary
BRT Apartments Corp. filed an 8-K/A on January 16, 2024, amending its previous 8-K filing from December 26, 2023. This amendment primarily serves to correct or update information related to 'Other Events' and 'Financial Statements and Exhibits' as of the December 26th date. For investors, this matters because 8-K/A filings often clarify or modify previously disclosed material information, which could impact the company's financial outlook or operational details, potentially affecting stock valuation.
Why It Matters
This filing is an amendment (8-K/A), meaning BRT Apartments Corp. is correcting or adding details to a previous disclosure, which could clarify or change the understanding of events reported on December 26, 2023.
Risk Assessment
Risk Level: low — An 8-K/A is typically a clarification or minor update to a previous filing, not usually indicative of new, significant negative events.
Analyst Insight
Investors should review the full text of the 8-K/A to understand the specific changes made to the December 26, 2023, filing, as even minor amendments can sometimes reveal important details.
Key Numbers
- 2023-12-26 — Date of earliest event reported (The original event date being amended by this 8-K/A filing.)
- 001-07172 — Commission file number (Unique identifier for BRT Apartments Corp. with the SEC.)
- 13-2755856 — IRS Employer I.D. No. (Tax identification number for BRT Apartments Corp.)
Key Players & Entities
- BRT Apartments Corp. (company) — the registrant filing the 8-K/A
- Maryland (company) — state of incorporation for BRT Apartments Corp.
- NYSE (company) — exchange where BRT Apartments Corp. Common Stock is registered
- 60 Cutter Mill Road, Suite 303, Great Neck, New York 11021 (company) — principal executive offices address
- 516-466-3100 (dollar_amount) — registrant's telephone number
Forward-Looking Statements
- The market will likely react neutrally to this 8-K/A, assuming the amendments are minor clarifications. (BRT Apartments Corp. stock price) — medium confidence, target: 2024-01-17
FAQ
What is the purpose of this 8-K/A filing by BRT Apartments Corp.?
This 8-K/A filing is an amendment to a previous 8-K report, indicating that BRT Apartments Corp. is providing corrections or additional information related to 'Other Events' and 'Financial Statements and Exhibits' that were originally reported on December 26, 2023.
What was the original date of the event being reported in this amendment?
The original date of the earliest event reported, to which this 8-K/A refers, was December 26, 2023.
Where are BRT Apartments Corp.'s principal executive offices located?
BRT Apartments Corp.'s principal executive offices are located at 60 Cutter Mill Road, Suite 303, Great Neck, New York 11021.
On which exchange is BRT Apartments Corp.'s Common Stock registered?
BRT Apartments Corp.'s Common Stock is registered on the NYSE (New York Stock Exchange).
Is BRT Apartments Corp. considered an emerging growth company?
No, the filing indicates with a '☐' that BRT Apartments Corp. is not an emerging growth company as defined by Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 504 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-01-16 08:39:16
Key Financial Figures
- $62.5 m — . for a purchase price of approximately $62.5 million, had terminated, that we requeste
- $1.3 million — requested the return of our approximate $1.3 million down payment, and that the seller count
Filing Documents
- brt-20231226.htm (8-K/A) — 23KB
- 0000014846-24-000004.txt ( ) — 149KB
- brt-20231226.xsd (EX-101.SCH) — 2KB
- brt-20231226_lab.xml (EX-101.LAB) — 24KB
- brt-20231226_pre.xml (EX-101.PRE) — 13KB
- brt-20231226_htm.xml (XML) — 3KB
01 Other Information
Item 8.01 Other Information On December 26, 2023, we filed a Current Report on Form 8-K reporting, among other things, that the contract (the "Contract") to purchase a multi-family property located in Richmond, VA. for a purchase price of approximately $62.5 million, had terminated, that we requested the return of our approximate $1.3 million down payment, and that the seller countered that we had defaulted under the contract and was blocking the return of the down payment. On January 12, 2024, we and the seller executed mutual releases, releasing each other from any liability arising with respect to the Contract, and the down payment was returned to us.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 101 Cover Page Interactive Data File - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BRT APARTMENTS CORP. January 16, 2024 /s/ George Zweier George Zweier, Vice President and Chief Financial Officer