Great Neck, New York, July 12, 2007 -- BRT Realty Trust (NYSE:BRT) Great Neck, New York – July 12, 2007 – BRT REALTY TRUST (NYSE:BRT) today announced that it will release its earnings for the quarter ending June 30, 2007 after the market closes on August 8, 2007.
BRT also reported that it was added to the Russell 3000® Index and Russell 2000® Index after the Russell Investment Group reconstituted its comprehensive set of U.S. and global equity indexes on June 22, 2007. Russell indexes are widely used by investment managers and institutional investors for both index funds and as benchmarks for passive and active investment strategies. Russell will next reconstitute its indexes in June 2008.
“We are pleased with our inclusion in this index,” said Jeffrey Gould, President and CEO of BRT. “Russell is an industry leader for stock indexes, and we would expect that our inclusion will generate greater interest in our company.”
The annual reconstitution of the Russell 3000 captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. The largest 1,000 companies in this ranking comprise the Russell 1000 and the next 2,000 companies become the Russell 2000. For more information on Russell indexes, go to www.russell.com.
BRT Realty Trust is a mortgage oriented real estate investment trust.
Certain information contained herein is forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. BRT intends such forward looking statements to be covered by the safe harbor provisions for forward looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with theses safe harbor provisions. The forward looking statements should not be relied upon since they involve known and unknown risks, uncertainties and other factors, which, in some cases, are beyond BRT’s control and could materially affect actual results, performance or achievements.
Contact: Simeon Brinberg
(516) 466-3100
BRT is a New York-based Real Estate Investment Trust that specializes in the origination and holding for investment of senior and junior commercial mortgage loans secured by real property in the United States. For more information on BRT, please visit our Home Page.
Caution Concerning Forward-Looking Statements: Materials included in this filing may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. Statements that include the words "may," "will," "would," "could," "should," "believes," "estimates," "projects," "potential," "expects," "plans," "anticipates," "intends," "continues," "forecast," "designed," "goal," or the negative of those words or other comparable words should be considered uncertain and forward-looking.
Contact: Simeon Brinberg, Senior Vice President - (516) 466-3100
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