BRT Realty Trust Announces Increases in Revenues, Net Income and Net Income Per Share for the Quarter and Year Ended September 30, 2005.

GREAT NECK, N.Y. -- BRT Realty Trust (NYSE:BRT) today announced that for the three months ended September 30, 2005 it had total revenues of $8,018,000, compared to revenues of $5,231,000 for the quarter ended September 30, 2004, representing a 53% increase in revenues quarter versus quarter. Net income for the three months ended September 30, 2005 was $5,677,000, or $.73 per share on a diluted basis, an 80% increase in net income and a 78% increase in diluted net income per share, quarter versus quarter. For the three months ended September 30, 2004, net income and net income per share on a diluted basis were $3,148,000 and $.40 per share, respectively. Net income for the three months ended September 30, 2005 includes income from discontinued operations of $1,583,000, or $.20 per diluted share, and equity in earnings of unconsolidated joint ventures of $174,000 , or $.02 per diluted share. Net income for the three months ended September 30, 2004 includes income from discontinued operations of $193,000, or $.02 per diluted share, and equity in earnings of unconsolidated ventures of $128,000, or $.02 per diluted share. Income from continuing operations for the three months ending September 30, 2005 was $4,094,000, or $.53 per diluted share, compared to $2,955,000 or $.38 per diluted share for the September 30, 2004 quarterly period. The weighted average number of common shares outstanding on a diluted basis was 7,856,101 and 7,738,328 for the three months ended September 30, 2005 and 2004, respectively.

BRT also reported total revenues of $25,715,000 for the year ended September 30, 2005, a 46% revenue increase year over year, and net income of $16,214,000, or $2.08 per diluted share, a 35% increase in net income and a 34% increase in net income per diluted share year over year. Net income for the September 30, 2005 twelve month period includes income from discontinued operations of $1,910,000, or $.25 per diluted share, gain on available-for-sale securities of $680,000, or $.09 per diluted share, and equity in earnings of unconsolidated ventures of $257,000, or $.03 per diluted share. For the fiscal year ending September 30, 2004, BRT reported total revenues of $17,661,000 and net income of $12,002,000, or $1.55 per share on a diluted basis. Net income for the September 30, 2004 twelve month period includes income from discontinued operations of $1,655,000, or $.21 per diluted share, gain on sale of available-for-sale securities of $1,641,000, or $.21 per diluted share, and equity in earnings of unconsolidated joint ventures of $202,000, or $.03 per diluted share. Income from continuing operations, excluding gain on sale of securities, was $13,624,000, or $1.74 per diluted share in the year ended September 30, 2005 compared to $8,706,000, or $1.13 per diluted share for the year ended September 30, 2004. The weighted average number of common shares outstanding on a diluted basis was 7,811,483 and 7,734,364 for the twelve months ended September 30, 2005 and September 30, 2004, respectively.

Commenting on the results of operations for the three months and year ended September 30, 2005 Jeffrey Gould, President and Chief Executive Officer of BRT stated that the significant increase in revenues, net income and net income per share quarter over quarter and year over year was due primarily to the substantial increase in loan originations. Commenting further, Mr. Gould stated that he believed that the increase in loan originations was due in large measure to a more active marketing program which has provided a more national focus. On the expense side, Mr. Gould noted that the significant increase in interest expense in the current quarter and fiscal year is due to borrowings under BRT's credit facilities to fund the increased loan originations. Other expenses including the adviser's fee and general and administrative expenses increased as a result of the increase in the level of BRT's business activity.

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.

BRT REALTY TRUST
            CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
                              (Unaudited)
               (In Thousands except for Per Share Data)

                                Three Months Ended Twelve Months Ended
                                    September 30,      September 30,
                                    2005    2004      2005       2004
                                    ----    ----      ----       ----
Revenues                         $ 8,018  $  5,231 $ 25,715  $ 17,661

Expenses                           4,123     2,393   12,336     9,114
                                 -------  -------- --------  --------
Income before equity in earnings
 of unconsolidated real estate
 ventures, gain on sale of
 available-for-sale securities,
 minority interest and
 discontinued operations           3,895     2,838   13,379     8,547

Equity in earnings of
 unconsolidated real estate
 ventures                            174       128      257       202
                                 -------  -------- --------  --------
Income before gain on sale of
 available-for-sale securities,
 minority interest and
 discontinued operations           4,069     2,966   13,636     8,749

Gain on sale of available-for-sale
 securities                            -         -      680     1,641
Minority interest                     25       (11)     (12)      (43)
                                 -------  -------- --------  --------

Income from continuing operations  4,094     2,955   14,304    10,347

Discontinued operations:
Income from operations                14        82      341       394
Gain on sale of real estate
 assets                            1,569       111    1,569     1,261
                                 -------  -------- --------  --------
Income from discontinued
 operations                        1,583       193    1,910     1,655
                                 -------  -------- --------  --------
Net income                       $ 5,677  $  3,148 $ 16,214  $ 12,002
                                 =======  ======== ========  ========

Income per share of  beneficial
 interest:

Income from continuing
 operations                      $   .53  $    .39 $   1.84  $   1.36
Income from discontinued
 operations                          .20       .02      .25       .22
                                 -------  -------- --------  --------
  Basic earnings per share       $   .73  $    .41 $   2.09  $   1.58
                                 =======  ======== ========  ========
Income from continuing
 operations                      $   .53  $    .38 $   1.83  $   1.34
Income from discontinued
 operations                          .20       .02      .25       .21
                                 -------  -------- --------  --------
  Diluted earnings per share     $   .73  $    .40 $   2.08  $   1.55
                                 =======  ======== ========  ========

Cash distributions per common
 share                           $   .50  $    .48 $   1.96  $   1.79
                                 =======  ======== ========  ========

Weighted average number of common
 shares outstanding:

Basic                         7,801,674 7,652,108  7,747,804 7,617,116
                              ========= =========  ========= =========
Diluted                       7,856,101 7,738,328  7,811,483 7,734,364
                              ========= =========  ========= =========