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BRT Realty Trust revenue rises

By Hardesty, Dawn Wotapka
Publication: Long Island Business News
Date: Wednesday, December 14 2005

BRT Realty Trust has a simple explanation for its third-quarter revenue rise: We originated many more loans, said senior vice president Simeon Brinberg.

The mortgage-oriented REIT reported total revenue of $8 million for the quarter ended Sept. 30, up from $5.2 million a year ago. The

quarter's net income was $5.67 million, compared with $3.14 for the same period a year ago. Shares of BRT (NYSE: BRT) rose 70 cents to $24.59 per share on the New York Stock Exchange.

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