Earnings PerformanceBRT reported 4Q24 core FFO of $0.28, below both Citizens and consensus estimates of $0.31 and $0.29, respectively, due to lower NOI partially offset by G&A expense.
Financial LeverageNet acquisitions will be tough given the company's high leverage.
Operating ExpensesOperating expenses increased 6.7%, which resulted in NOI decreasing 4.8% on a consolidated basis.