SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) July 8, 1998
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BRT REALTY TRUST
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(Exact name of registrant as specified in charter)
Massachusetts I-7172 13-2755856
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(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
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code 516-466-3100
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Item 5. - Other Events
On July 8th and 9th, 1998, BRT Realty Trust ("BRT") agreed to purchase in
private transactions 858,300 shares of its outstanding beneficial shares at a
consideration of $8.95 per share or a total consideration of $7,681,785. The
shares were purchased from three separate groups, all unaffiliated with BRT (and
its Trustees and Officers). The price was negotiated at arms length. The funds
used by BRT to make these purchases came from its working capital. After
completion of these transactions, BRT has 7,162,881 shares outstanding.
BRT's Board of Trustees previously authorized the purchase of 1,250,000 shares
in the open market or in private transactions. After completion of these
transactions, BRT had purchased a total of 1,614,262 shares and accordingly, it
is not currently purchasing any additional shares. BRT's Board approved
exceeding its previously authorized 1,250,000 shares repurchase in order to
accommodate the purchase of the 858,300 shares.
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
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Simeon Brinberg, Secretary
Date: July 20, 1998