NYSE : BRT
BRT Apartments Corp. — Financial statements
Real Estate · REIT - Residential · United States
Last price 13.28 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 259.34M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 96.13M | 95.27M | 94.77M | 93.07M | 70.52M | 32.04M |
| Other Revenue | -1.20M | -174.00K | 1.64M | 2.08M | 46.00K | 408.00K |
| Total Revenue | 96.61M | 96.85M | 97.27M | 95.70M | 70.56M | 32.45M |
| Property Expenses | 44.29M | 44.08M | 43.55M | 41.82M | 30.56M | 14.20M |
| Selling, General & Administrative | 15.12M | 15.53M | 15.60M | 15.43M | 14.65M | 12.62M |
| Depreciation & Amortization | 26.67M | 26.40M | 25.93M | 28.48M | 24.81M | 8.03M |
| Provision for Loan Losses | -5.00K | -5.00K | -270.00K | |||
| Total Operating Expenses | 86.07M | 86.01M | 85.35M | 85.74M | 70.02M | 34.85M |
| Operating Income | 10.54M | 10.84M | 11.93M | 9.96M | 537.00K | -2.40M |
| Interest Expense | -24.08M | -23.51M | -22.60M | -22.16M | -15.51M | -6.76M |
| EBT Excluding Unusual Items | -13.55M | -12.67M | -10.67M | -12.20M | -14.98M | -9.16M |
| Gain (Loss) on Sale of Investments | 14.96M | 66.39M | 32.49M | |||
| Gain (Loss) on Sale of Assets | 755.00K | 755.00K | 806.00K | 604.00K | 6.00K | 7.69M |
| Total Insurance Settlements | 192.00K | 313.00K | 1.03M | 912.00K | ||
| Other Unusual Items | -323.00K | -1.41M | -1.57M | |||
| Pretax Income | -12.60M | -11.60M | -9.86M | 4.07M | 50.92M | 29.46M |
| Income Tax Expense | 169.00K | 174.00K | -226.00K | 54.00K | 821.00K | 206.00K |
| Earnings From Continuing Operations | -12.77M | -11.78M | -9.64M | 4.01M | 50.10M | 29.25M |
| Net Income to Company | -12.77M | -11.78M | -9.64M | 4.01M | 50.10M | 29.25M |
| Minority Interest in Earnings | -163.00K | -170.00K | -155.00K | -142.00K | -144.00K | -136.00K |
| Net Income | -12.93M | -11.95M | -9.79M | 3.87M | 49.95M | 29.11M |
| Preferred Dividends & Other Adjustments | 56.00K | -589.00K | -493.00K | 953.00K | 2.47M | 1.41M |
| Net Income to Common | -12.99M | -11.36M | -9.30M | 2.92M | 47.48M | 27.70M |
| Basic Shares Outstanding | 18.03M | 18.01M | 17.75M | 17.92M | 17.79M | 17.02M |
| Diluted Shares Outstanding | 18.03M | 18.01M | 17.75M | 17.95M | 17.85M | 17.08M |
| EPS (Basic) | -0.72 | -0.63 | -0.52 | 0.16 | 2.67 | 1.63 |
| EPS (Diluted) | -0.72 | -0.63 | -0.52 | 0.16 | 2.66 | 1.62 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | 0.98 | 0.90 |
| Operating Margin | 10.90% | 11.19% | 12.26% | 10.41% | 0.76% | -7.39% |
| Profit Margin | -13.44% | -11.73% | -9.56% | 3.05% | 67.29% | 85.37% |
| EBITDA | 37.20M | 37.24M | 37.85M | 38.44M | 25.35M | 5.63M |
| EBITDA Margin | 38.51% | 38.45% | 38.91% | 40.17% | 35.93% | 17.34% |
| D&A For Ebitda | 26.67M | 26.40M | 25.93M | 28.48M | 24.81M | 8.03M |
| EBIT | 10.54M | 10.84M | 11.93M | 9.96M | 537.00K | -2.40M |
| EBIT Margin | 10.90% | 11.19% | 12.26% | 10.41% | 0.76% | -7.39% |
| Funds From Operations (FFO) | 21.84M | 21.26M | 20.92M | 22.61M | 23.23M | 17.43M |
| FFO Per Share | 1.12 | 1.12 | 1.19 | 1.24 | 0.97 | |
| Adjusted Funds From Operations (AFFO) | 27.40M | 27.45M | 26.67M | 28.86M | 28.35M | 23.81M |
| AFFO Per Share | 1.45 | 1.43 | 1.52 | 1.52 | 1.33 | |
| FFO Payout Ratio | 69.33% | 88.89% | 89.10% | 83.64% | 76.88% | 90.48% |
| Effective Tax Rate | 1.33% | 1.61% | 0.70% | |||
| Revenue as Reported | 97.80M | 97.03M | 95.63M | 93.62M | 70.53M | 32.06M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 588.58M | 598.65M | 617.92M | 638.02M | 653.97M | 296.12M |
| Cash & Equivalents | 22.72M | 25.14M | 27.86M | 23.51M | 20.28M | 32.34M |
| Restricted Cash | 1.89M | 2.52M | 3.22M | 632.00K | 872.00K | 6.58M |
| Other Current Assets | 4.38M | |||||
| Deferred Long-Term Charges | 167.00K | 2.48M | 2.86M | 289.00K | 498.00K | 270.00K |
| Other Long-Term Assets | 60.05M | 63.30M | 43.94M | 47.51M | 56.99M | 119.85M |
| Total Assets | 691.15M | 709.81M | 713.46M | 709.96M | 732.62M | 459.54M |
| Current Portion of Long-Term Debt | 31.98M | |||||
| Current Portion of Leases | 256.00K | |||||
| Long-Term Debt | 506.55M | 476.29M | 483.63M | 459.57M | 459.92M | 236.98M |
| Long-Term Leases | 1.94M | 1.76M | 2.17M | 2.32M | 2.47M | 2.63M |
| Accounts Payable | 22.29M | 22.09M | 22.50M | 19.41M | 19.91M | 16.84M |
| Accrued Expenses | 35.00K | 120.00K | 73.00K | 125.00K | 23.00K | |
| Other Current Liabilities | 202.00K | 130.00K | 142.00K | 126.00K | 118.00K | |
| Total Liabilities | 530.78M | 532.61M | 508.55M | 481.52M | 482.55M | 256.59M |
| Common Stock | 180.00K | 180.00K | 179.00K | 175.00K | 180.00K | 173.00K |
| Additional Paid-In Capital | 273.95M | 275.41M | 272.27M | 267.27M | 273.86M | 258.16M |
| Retained Earnings | -113.67M | -98.35M | -67.48M | -38.99M | -23.95M | -55.38M |
| Total Common Equity | 160.46M | 177.24M | 204.97M | 228.46M | 250.09M | 202.96M |
| Minority Interest | -82.00K | -42.00K | -55.00K | -15.00K | -18.00K | -5.00K |
| Shareholders' Equity | 160.38M | 177.20M | 204.91M | 228.44M | 250.07M | 202.95M |
| Total Liabilities & Equity | 691.15M | 709.81M | 713.46M | 709.96M | 732.62M | 459.54M |
| Total Debt | 508.49M | 510.28M | 485.80M | 461.89M | 462.39M | 239.61M |
| Net Cash (Debt) | -485.77M | -485.14M | -457.94M | -438.38M | -442.11M | -207.27M |
| Net Cash Per Share | -26.95 | -26.94 | -25.80 | -24.42 | -24.76 | -12.13 |
| Filing Date Shares Outstanding | 19.53M | 19.91M | 19.84M | 19.53M | 20.08M | 18.53M |
| Total Common Shares Outstanding | 18.76M | 18.84M | 18.78M | 18.49M | 18.94M | 18.27M |
| Book Value Per Share | 8.55 | 9.41 | 10.91 | 12.36 | 13.20 | 11.11 |
| Tangible Book Value | 160.46M | 177.24M | 204.97M | 228.46M | 250.09M | 202.96M |
| Tangible Book Value Per Share | 8.55 | 9.41 | 10.91 | 12.36 | 13.20 | 11.11 |
| Land | 74.25M | 74.25M | 74.25M | 74.25M | 74.25M | 38.82M |
| Buildings | 658.79M | 655.39M | 648.09M | 642.09M | 632.55M | 291.19M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -12.93M | -11.95M | -9.79M | 3.87M | 49.95M | 29.11M |
| Depreciation & Amortization | 26.67M | 26.40M | 25.93M | 28.48M | 24.81M | 8.03M |
| Other Amortization | 1.19M | 1.20M | 1.15M | 1.07M | 628.00K | 295.00K |
| Gain (Loss) on Sale of Assets | -755.00K | -755.00K | -806.00K | -604.00K | -6.00K | -7.69M |
| Gain (Loss) on Sale of Investments | -2.63M | |||||
| Asset Writedown | 520.00K | |||||
| Stock-Based Compensation | 4.29M | 4.69M | 4.88M | 4.77M | 4.49M | 2.94M |
| Income (Loss) on Equity Investments | 1.20M | 174.00K | -1.64M | -17.04M | -66.43M | -30.77M |
| Change in Accounts Payable | -1.11M | -589.00K | 2.90M | -678.00K | -3.92M | -4.18M |
| Change in Other Net Operating Assets | -5.26M | -5.71M | 559.00K | -787.00K | 5.14M | 2.20M |
| Other Operating Activities | 515.00K | 634.00K | 704.00K | 515.00K | 782.00K | 1.65M |
| Operating Cash Flow | 13.80M | 14.10M | 24.14M | 19.61M | 15.45M | -529.00K |
| Acquisition of Real Estate Assets | -6.59M | -7.45M | -6.15M | -9.64M | -6.29M | -1.31M |
| Sale of Real Estate Assets | 913.00K | 913.00K | 953.00K | 711.00K | 4.38M | 24.63M |
| Net Sale / Acq. of Real Estate Assets | -5.67M | -6.54M | -5.20M | -8.93M | -1.91M | 23.32M |
| Investment in Marketable & Equity Securities | -14.47M | -14.95M | 4.54M | 25.37M | -13.93M | -45.42M |
| Other Investing Activities | 240.00K | 62.00K | ||||
| Investing Cash Flow | -20.14M | -21.49M | -18.91M | 16.68M | -15.78M | -22.10M |
| Long-Term Debt Issued | 105.22M | 27.38M | 21.17M | 61.95M | 89.68M | |
| Total Debt Issued | 105.22M | 105.22M | 27.38M | 21.17M | 61.95M | 89.68M |
| Long-Term Debt Repaid | -80.53M | -3.89M | -22.31M | -67.89M | -50.29M | |
| Total Debt Repaid | -80.65M | -80.53M | -3.89M | -22.31M | -67.89M | -50.29M |
| Net Debt Issued (Repaid) | 24.57M | 24.69M | 23.49M | -1.14M | -5.93M | 39.39M |
| Issuance of Common Stock | 3.88M | 3.43M | 3.63M | 3.03M | 11.22M | 9.62M |
| Repurchase of Common Stock | -8.01M | -4.99M | -3.50M | -14.40M | ||
| Common Dividends Paid | -15.14M | -18.89M | -18.64M | -18.91M | -17.86M | -15.77M |
| Other Financing Activities | -1.83M | -1.80M | -1.41M | -822.00K | -850.00K | -379.00K |
| Net Cash Flow | -2.88M | -4.96M | 8.80M | 4.05M | -13.75M | 10.24M |
| Levered Free Cash Flow | 41.44M | 24.66M | 25.81M | 26.41M | 33.84M | 2.52M |
| Unlevered Free Cash Flow | 55.30M | 38.15M | 38.79M | 39.19M | 42.90M | 6.44M |
| Cash Interest Paid | 22.30M | 21.90M | 20.87M | 20.43M | 14.09M | 6.52M |
| Cash Income Tax Paid | 188.00K | 205.00K | -439.00K | 689.00K | 283.00K | 173.00K |
| Change in Working Capital | -6.38M | -6.30M | 3.46M | -1.47M | 1.22M | -1.98M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 253.49M | 293.17M | 356.42M | 363.43M | 371.99M | 437.49M |
| Enterprise Value | 739.25M | 772.51M | 797.03M | 797.75M | 815.30M | 581.88M |
| Last Close Price | 12.98 | 13.93 | 16.06 | 15.63 | 15.64 | 18.26 |
| Price/FFO Ratio | 12.44 | 14.34 | 13.14 | 12.61 | 18.83 | |
| Price/AFFO Ratio | 9.61 | 11.23 | 10.29 | 10.29 | 13.73 | |
| PE Ratio | 124.46 | 7.83 | 15.79 | |||
| PS Ratio | 2.62 | 3.03 | 3.66 | 3.80 | 5.27 | 13.48 |
| PB Ratio | 1.52 | 1.65 | 1.74 | 1.59 | 1.49 | 2.16 |
| P/OCF Ratio | 18.37 | 20.80 | 14.76 | 18.54 | 24.08 | |
| EV/Sales Ratio | 7.65 | 7.98 | 8.19 | 8.34 | 11.55 | 17.93 |
| EV/EBITDA Ratio | 19.87 | 20.75 | 21.05 | 20.75 | 32.16 | 103.43 |
| EV/EBIT Ratio | 70.17 | 71.26 | 66.82 | 80.09 | 1,518.24 | |
| Debt / Equity Ratio | 3.17 | 2.88 | 2.37 | 2.02 | 1.85 | 1.18 |
| Debt / EBITDA Ratio | 13.67 | 13.70 | 12.83 | 12.01 | 18.24 | 42.59 |
| Net Debt / Equity Ratio | 3.03 | 2.74 | 2.23 | 1.92 | 1.77 | 1.02 |
| Net Debt / EBITDA Ratio | 13.06 | 13.03 | 12.10 | 11.40 | 17.44 | 36.84 |
| Asset Turnover | 0.14 | 0.14 | 0.14 | 0.13 | 0.12 | 0.08 |
| Quick Ratio | 1.02 | 0.46 | 1.23 | 1.20 | 1.01 | 1.91 |
| Current Ratio | 1.10 | 0.51 | 1.37 | 1.23 | 1.05 | 2.55 |
| Return on Equity (ROE) | -7.25% | -6.16% | -4.45% | 1.68% | 22.12% | 15.37% |
| Return on Assets (ROA) | 0.95% | 0.95% | 1.05% | 0.86% | 0.06% | -0.36% |
| Return on Invested Capital (ROIC) | 1.56% | 1.57% | 1.73% | 1.40% | 0.09% | -0.60% |
| Earnings Yield | -5.55% | -4.08% | -2.75% | 1.07% | 13.43% | 6.65% |
| Dividend Yield | 7.70% | 6.43% | 5.27% | 5.09% | 4.99% | 3.76% |
| Payout Ratio | 488.23% | 35.76% | 54.16% | |||
| Buyback Yield / Dilution | -0.68% | -1.45% | 1.09% | -0.53% | -4.50% | 0.18% |
| Total Shareholder Return | 7.02% | 4.98% | 6.36% | 4.55% | 0.49% | 3.94% |