SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


 


                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported) December 5, 1997 


                                BRT REALTY TRUST
               (Exact name of registrant as specified in charter)




      Massachusetts         I-7172            13-2755856 
    (State or other  (Commission file No.) (IRS Employer 
     jurisdiction of                         I.D. No.) 
     incorporation)


           60 Cutter Mill Road, Suite 303, Great Neck, New York 11021
              (Address of principal executive offices) (Zip code)


        Registrant's telephone number, including area code 516-466-3100



Item 5. - Other Events. 

     On December 5, 1997 Registrant's  Board of Trustees  authorized an increase
in the  Registrant's  stock  repurchase  program  to  1,250,000  shares.  Of the
previous authorization,  Registrant has repurchased 617,973 shares at an average
cost of $7.12 per share. With the new  authorization,  the Trust can purchase up
to an  additional  632,027  shares  from  time to time in the open  market or in
private transactions.

                              Signatures

     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 thereunto duly authorized.


                                    BRT REALTY TRUST

                                    By:(s)                       
                                    Simeon Brinberg,
                                    Senior Vice President
 

Date:  December 16, 1997