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Great Neck, New York, August 8, 2005 -- BRT Realty Trust (NYSE:BRT) today
announced its results of operations for the three and nine months ended June 30, 2005.  
For the three months ended June 30, 2005, BRT reported total revenues of $6,364,000
and net income of $3,187,000, or $.41 per share on a diluted basis.  This compares with
total revenues, net income and net income per share on a diluted basis of $4,886,000,
$2,309,000, and $.30 per share, respectively, for the three months ended June 30, 2004.  
Net income for the three months ended June 30, 2004 includes gain from the sale of
available-for-sale securities and real estate assets totaling $563,000, or $.07 per share.  
The weighted average number of common shares outstanding on a diluted basis was
7,834,539 and 7,738,076 for the three months ended June 30, 2005 and June 30, 2004,
respectively.
 
BRT also reported that for the nine months ended June 30, 2005, it had total revenues of
$18,440,000 and net income of $10,537,000, or $1.35 per share on a diluted basis.  Net
income for the nine months ended June 30, 2005 includes gain from the sale of
available-for-sale securities of $680,000, or $.09 per share.  This compares with total
revenues, net income and net income per share on a diluted basis of $13,154,000,
$8,854,000, and $1.14 per share, respectively, for the nine months ended June 30,
2004.  Net income for the nine months ended June 30, 2004 includes gain from the sale
of available-for-sale securities and real estate assets totaling $2,791,000, or $.36 per
share.  The weighted average number of common shares outstanding on a diluted basis
was 7,796,446 and 7,733,032 for the nine months ended June 30, 2005 and June 30,
2004, respectively.
 
Revenues increased quarter versus quarter and nine months versus nine months by
30% and 40%, respectively.  Jeffrey A. Gould, President and Chief Executive Officer of
BRT, noted that the increase in revenues in both periods was due primarily to an
increase in the average balance of loans outstanding and an increase in the average
interest rate earned on the loan portfolio.  The average balance of loans outstanding
increased by approximately $28.7 million, or 25%, for the three months ended June 30,
2005 compared with the three months ended June 30, 2004, and by approximately
$34.2 million, or 35%,  for the nine months ended June 30, 2005 compared with the nine
months ended June 30, 2004.   
 
Commenting further, Mr. Gould noted that total expenses increased by $84,000, or 3%,
quarter over quarter, and by $1,496,000, or 21%, nine months versus nine months.  
Interest expense increased by $633,000, or 170%, quarter versus quarter, and
$1,675,000, or 205%, nine months versus nine months primarily due to borrowing under
BRT’s credit facilities to fund the increased level of loan originations.  The increase in expenses was also attributable to an increase in the advisor’s fee of $95,000, or 24%,
quarter over quarter, and $257,000, or 25%, nine months versus nine months, also due
primarily to the increased loan portfolio.  General and administrative expenses increased
by $124,000, or 12%, for the three months ended June 30, 2005 and $342,000, or 12%,
for the nine months ended June 30, 2005 primarily due to fees resulting from Sarbanes-
Oxley compliance activities, and increases in payroll and payroll related expenses and
insurance costs.  The increases in expenses were offset by a decline in other taxes of
$129,000 quarter versus quarter and $44,000 nine months versus nine months, and a
decline in real estate operating expenses of $655,000 quarter versus quarter, and
$764,000 nine months versus nine months, due primarily to a “non-recurring” litigation
expense incurred in the prior three and nine month periods in connection with a litigation
which was resolved in June 2004.
 
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 these 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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