BRT Realty Trust announces cash distributions to shareholders December 10, 2001.

Great Neck, New York, December 10, 2001 -- BRT Realty Trust (NYSE:BRT)announced today that its Board of Trustees has declared a quarterly cash distribution of $0.24 per share payable on January 3, 2002 to shareholders of record on December 21, 2001.  Jeffrey Gould, President and Chief Operating Officer of BRT noted that the quarterly cash distribution declared by the Board of Trustees represents a $.02 per share increase in the quarterly amount.  BRT reinstituted cash distributions to shareholders in July 2001 at the quarterly rate of $.22 per share.

The Trust stated that according to regulations promulgated under the Internal Revenue Code the cash distribution, which will be paid on January 3, 2002, will be considered as dividend income applicable to the 2001 tax year.

The Trust also announced that its annual shareholder meeting will be held on March 11, 2002, with a January 14, 2002 record date.

BRT REALTY TRUST is a mortgage-oriented real estate investment Trust.

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 ourHome 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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News Source : BRT Realty Trust announces cash distributions to shareholders December 10, 2001.