BRT and lending group agree to cancel Revolving Credit Agreement.

Great Neck, New York, June 19, 2009 -- BRT Realty Trust (NYSE:BRT) announced that BRT and its lending group have cancelled, on mutual consent, the Revolving Credit Agreement dated as of January 9, 2006, as amended. Upon cancellation, BRT repaid the outstanding balance of $6 million and received a refund of $393,125, representing 85% of the fee paid to extend the term of the facility to February 1, 2010.

Jeffrey Gould, President and Chief Executive Officer of BRT commented that in view of the economy, the lending environment, BRT’s proposed business activities for the balance of the year, the short-term nature of the facility and BRT’s current and anticipated cash position, cancellation of the facility is in BRT’s best interest.

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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