BRT Realty Trust Announces Election of Alan H. Ginsburg and Jonathan H. Simon to Its Board of Trustees and That David Herold Will Not Stand for Re-election to Its Board of Trustees.

GREAT NECK, N.Y. -- BRT Realty Trust (NYSE: BRT) today announced that Alan H. Ginsburg and Jonathan H. Simon were elected to its Board of Trustees. Messrs. Ginsburg and Simon will serve as Class I trustees until the 2006 annual meeting of shareholders and it is expected that each will be proposed for election to a full three-year term at the 2006 annual meeting of shareholders.

Mr. Ginsburg is the Chief Executive Officer of The CED Companies, a family of businesses he founded in 1987. The CED Companies develop, build and manage multi-family apartment communities. Prior to establishing The CED Companies, Mr. Ginsburg was president and owner of Colony Development Corporation and a principal with Alco Universal, Inc., both of which were multi-family residential development companies based in Michigan.

Mr. Simon founded the Simon Development Group in 1994. The Simon Development Group owns and manages a diverse portfolio of residential, retail and commercial space. Its portfolio includes buildings in Manhattan, Brooklyn and Connecticut.

"We are delighted to have both Alan and Jon join our Board of Trustees," said Fredric H. Gould, BRT's Chairman of the Board. "Their experience and activities in commercial and residential real estate development enhance the range of skills and expertise within our Board of Trustees," noted Mr. Gould.

BRT also announced today that David Herold, a trustee of BRT Realty Trust, has advised that he will not stand for re-election to the Board of Trustees at the next annual meeting of shareholders to be held in early March, 2006. Mr. Herold has served on the Board of Trustees since 1997 and as a member of its Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee. Fredric H. Gould, Chairman of the Board, stated, "I, along with the trustees, officers and employees of BRT Realty Trust, are deeply appreciative of the contributions made by David Herold during his tenure on our Board of Trustees. His valuable advice and counsel will be greatly missed."

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.