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BRT

BRT Apartments Corp.

BRT

BRT Apartments Corp. • NYSE
$14.64 ▼ -1.28% (-0.19)
Market Cap $278.46 M
52w High $20.00
52w Low $14.00
Dividend Yield 1.00%
P/E -28.71
Volume 20.84K
Outstanding Shares 19.02M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $24.434M ▲ $11.342M ▲ $-2.707M ▼ -11.079% ▼ $-0.14 ▲ $9.796M ▼
Q2-2025 $23.729M ▲ $10.324M ▼ $-2.566M ▼ -10.814% ▼ $-0.15 ▼ $9.824M ▼
Q1-2025 $23.619M ▼ $10.611M ▼ $-2.352M ▼ -9.958% ▼ $-0.12 ▼ $9.967M ▼
Q4-2024 $24.377M ▲ $10.615M ▲ $-2.07M ▲ -8.492% ▲ $-0.11 ▲ $10.401M ▲
Q3-2024 $24.177M $10.31M $-2.205M -9.12% $-0.12 $9.767M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $21.105M ▼ $714.17M ▲ $527.512M ▲ $186.744M ▼
Q2-2025 $23.645M ▼ $699.559M ▼ $507.51M ▲ $192.115M ▼
Q1-2025 $24.366M ▼ $703.913M ▼ $505.524M ▼ $198.453M ▼
Q4-2024 $27.856M ▼ $713.463M ▼ $508.549M ▲ $204.969M ▼
Q3-2024 $45.801M $717.741M $507.974M $209.868M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.668M ▼ $9.054M ▲ $-19.16M ▼ $11.997M ▲ $1.891M ▲ $9.054M ▲
Q2-2025 $-2.523M ▼ $8.478M ▲ $-1.017M ▲ $-6.056M ▲ $1.405M ▲ $8.478M ▲
Q1-2025 $-2.308M ▼ $246K ▼ $-1.222M ▲ $-6.458M ▼ $-7.434M ▲ $246K ▼
Q4-2024 $-2.07M ▲ $7.581M ▲ $-17.619M ▼ $-5.133M ▼ $-15.171M ▼ $7.259M ▼
Q3-2024 $-2.096M $6.121M $2.234M $21.295M $29.65M $9.477M

Revenue by Products

Product Q4-2016Q1-2017Q2-2017Q3-2017
Multi Family Real Estate Segment
Multi Family Real Estate Segment
 $20.00M ▲$20.00M ▲$30.00M ▲$30.00M ▲
Other Real Estate Segment
Other Real Estate Segment
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement BRT’s income statement shows a business that has grown its rental base over the last few years but with choppy profitability. Revenue has climbed steadily as the portfolio expanded and value‑add projects came online. Operating results have hovered just above break‑even, and net income has swung between profits and small losses, which is common for a smaller REIT dealing with property sales, depreciation, and interest costs. The recent move back into a slight loss suggests pressure from higher expenses or financing costs, even though the underlying property operations still appear reasonably solid.

Balance Sheet

Balance Sheet The balance sheet reflects a real estate owner that has grown its asset base and funded a large portion of that growth with debt. Total properties and related assets have increased materially compared with a few years ago, but borrowings have also risen, leaving the company meaningfully leveraged. Equity has built up over time but remains modest relative to total assets, which is typical for many REITs yet still worth watching in a higher‑rate environment. Cash on hand is relatively small, so the firm likely depends on steady property cash flows and access to financing rather than large cash reserves for flexibility.

Cash Flow

Cash Flow Cash flow is a relative bright spot. The portfolio has been generating consistent cash from operations in recent years, indicating that, day‑to‑day, the properties are throwing off dependable income. Investment spending on improvements and growth has been measured, allowing free cash flow to stay positive, even if not large. This pattern suggests a disciplined pace of reinvestment: enough to support the value‑add strategy, but not so heavy that it overwhelms the cash the business produces.

Competitive Edge

Competitive Edge BRT operates as a focused residential REIT in the multifamily space, primarily in Sunbelt markets that benefit from population and job growth. Its edge comes less from size and more from specialization: buying underperforming properties, renovating them, and using local joint‑venture partners who know their markets well. This gives BRT a clear, repeatable niche but also exposes it to intense competition from larger REITs and private owners chasing the same growth markets, as well as to local oversupply and regional economic swings.

Innovation and R&D

Innovation and R&D BRT is not an innovation leader in a technology sense; there is little evidence of heavy spending on proprietary systems or advanced smart‑building platforms. Its “innovation” is more financial and operational: a consistent value‑add renovation playbook, careful market selection within the Sunbelt, and creative use of joint ventures to stretch its capital and tap local expertise. Over time, the main opportunity is to layer in more property technology and sustainability features to improve efficiency and tenant experience, so as not to fall behind peers that are more digitally focused.

Summary

Overall, BRT looks like a niche multifamily REIT that has grown its portfolio and cash flows through a disciplined, value‑add strategy in attractive Sunbelt markets, but with earnings that can be quite volatile and a balance sheet that leans heavily on debt. The core operations appear cash‑generative and reasonably steady, yet the combination of leverage, interest‑rate sensitivity, and exposure to competitive growth markets introduces meaningful risk. The company’s long‑term story rests on its ability to keep finding and upgrading properties at good economics while maintaining financing flexibility and gradually strengthening its financial position.

NEWS

November 6, 2025 · 5:31 PM UTC

BRT Apartments Corp. Files Third Quarter 2025 Financial Statements

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October 6, 2025 · 7:00 AM UTC

BRT Apartments Corp. Announces the Acquisition of Apartment Complex in Savannah, Georgia

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September 11, 2025 · 4:10 PM UTC

BRT Apartments Corp. Declares Third Quarter 2025 Dividend and Announces Management Appointments

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