8-KThe WireRoutine
Company Update
Filed May 11, 2020 · 6y ago · Accession 0001213900-20-011662
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗Securities and Exchange Commission
(the "SEC") on March 25, 2020 pursuant to Section 36 (Release No 34-88465) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), extending the time (the "Extension Period") in which certain reports required
to be filed pursuant to the Exchange Act are filed, and we are furnishing this report as required pursuant to such Order. We expect
to file our Quarterly Report on or prior to June 29, 2020 at the conclusion of the Extension Period.
Risk
Factor
We
face risks related to an epidemic, pandemic or other health crisis, such as the recent outbreak of the novel coronavirus (COVID-19),
which could have a material adverse effect on our business, financial condition, liquidity, results of operations and prospects.
We
face risks related to epidemics, pandemics or other health crisis, including the risks presented by the outbreak of the novel
coronavirus or COVID-19, which has spread and may continue to spread, to markets in which we operate. This pandemic, either by
itself or coupled with the economic hardships resulting from the responses thereto, is, among other things, adversely affecting
the ability of our tenants to pay rent (and without a corresponding decrease in the expenses we incur in maintaining our properties)
and may adversely affect our ability to pay the debt service on our mortgages and dividends. We expect that the pandemic will
(i) require us to incur additional real estate operating expenses to maintain our properties and promote the health and safety
of our residents, (ii) result in reduced revenues due to rent concessions offered to current or prospective tenants, (iii) limit
our ability to market our properties to prospective tenants, and (iv) delay efforts to implement value add programs and acquire
or dispose of properties. The governmental response to the pandemic has resulted in legislation further regulating our relationships
with our tenants, including limitations on our ability to exercise various remedies with respect to tenants that do not pay rent
and may result in legislation limiting the rents we can charge. The ultimate extent of the impact of the pandemic on our business,
financial condition, liquidity, results of operations and prospects will depend on future developments, which are highly uncertain
and cannot be predicted with confidence, including the duration, the severity of, and the actions taken to control, the pandemic,
and the short-term and long-term economic impact of the outbreak (including the effect on employment levels in the markets in
which we own and operate properties).
1
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.
Date: May
11, 2020
By:
/s/
George Zweier
George
Zweier,
Vice
President and Chief Financial Officer
2
Filing details
- Company
- BRT Apartments Corp.
- Ticker
- BRT
- CIK
- 14846
- Form type
- 8-K
- Filing date
- May 11, 2020
- Report date
- May 11, 2020
- Document
- ea121638-8k_brtapart.htm
- Size
- 202 KB