BRT Apartments Corp.

Listed Company

BRTCIK 0000014846NYSENon-AcceleratedSmaller ReportingReal Estate Investment TrustsNew YorkFY ends Dec 31

Period

FY 2025

Revenue

$97.03M

Net Income

$-11.95M

Total Assets

$709.81M

Equity

$177.24M

Shares Out

18.98M

Op. Cash Flow

$14.10M

Business

BRT Apartments Corp. is an internally managed real estate investment trust that acquires, owns, operates and selectively invests in multi-family residential properties. It offers rental apartment operations, property management services, preferred equity and bridge loan investments, and conducts acquisitions and dispositions of real estate assets. Its business is organized around wholly owned multi-family properties, ownership interests in unconsolidated joint ventures, preferred equity/loan investments and legacy other real estate assets. The company primarily operates in the Southeast United States and Texas, with additional properties across multiple other states, using local property managers, brokers and joint-venture partners for leasing and distributions.

Summary from filing dated 2025-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rental and other revenue from real estate properties	95	95	93	71	32
Loan interest and other income	2	857,000	548,000	—	—
Total revenues	97	96	94	71	32
Real estate operating expensesincluding $36 and $37 to related parties	44	44	42	31	14
Interest expense	24	23	22	16	7
General and administrativeincluding $750 and $698 to related party	16	16	15	15	13
Provision for credit loss	5,000	270,000	0	—	—
Depreciation and amortization	26	26	28	25	8
Total expenses	110	108	108	86	42
Total revenues less total expenses	−12	−12	−14	−15	−10
Equity in (loss) earnings from unconsolidated joint ventures	−174,000	2	2	2	−4
Gain on sale of real estate	755,000	806,000	604,000	6,000	8
Insurance recovery of casualty loss	313,000	0	793,000	850,000	0
Loss from continuing operations	−12	−10	4	51	29
Provision (benefit) for taxes	174,000	−226,000	54,000	821,000	206,000
Loss from continuing operations, net of taxes	−12	−10	4	50	29
Income attributable to non-controlling interests	−170,000	−155,000	−142,000	−144,000	−136,000
Net loss attributable to common stockholders	−12	−10	4	50	29
Basic (in shares)	18	18	18	18	17
Diluted (in shares)	18	18	18	18	17
Basic (in dollars per share)	−0.63	−0.52	0.16	2.67	1.63
Diluted (in dollars per share)	−0.63	−0.52	0.16	2.66	1.62

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Real estate properties, net of accumulated depreciation of $132,821 and $106,425	597	616	636	652	294
Investment in unconsolidated joint ventures	46	31	34	43	112
Loan receivables, net of deferred fees of $252 and $313, respectively, and allowance for credit loss of $275 and $270, respectively	18	18	0	—	—
Cash and cash equivalents	25	28	24	20	32
Restricted cash	3	3	632,000	—	—
Other assets	21	17	16	17	10
Total Assets	710	713	710	733	460
Mortgages payable, net of deferred costs of $4,614 and $4,010	471	446	422	404	200
Junior subordinated notes, net of deferred costs of $217 and $237	37	37	37	37	37
Credit facility	0	0	0	19	0
Accounts payable, accrued and other liabilities	24	25	22	23	20
Total Liabilities	533	509	482	483	257
Commitments and contingencies	—	—	—	—	—
Preferred shares $0.01 par value 2,000 shares authorized, none outstanding	0	0	0	0	0
Common stock, $0.01 par value, 300,000 shares authorized, 17,919 and 17,872 shares issued at December 31, 2025 and 2024	180,000	179,000	175,000	180,000	173,000
Additional paid-in capital	275	272	267	274	258
Accumulated deficit	−98	−67	−39	−24	−55
Total BRT Apartments Corp. stockholders' equity	177	205	228	250	203
Non-controlling interests	−42,000	−55,000	−15,000	−18,000	−5,000
Total Equity	177	205	228	250	203
Total Liabilities and Equity	710	713	710	733	460

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	26	26	28	25	8
Provision for credit loss	5,000	270,000	0	—	—
Amortization of deferred financing fees	1	1	1	628,000	295,000
Amortization of debt fair value adjustment	525,000	558,000	613,000	137,000	−60,000
Amortization of deferred loan fee income	−61,000	−9,000	0	—	—
Amortization of restricted stock and restricted stock units	5	5	5	4	3
Decrease (increase) in other assets	−6	559,000	−787,000	5	2
Increase in accounts payable and accrued liabilities	−589,000	3	−678,000	−4	−4
Net cash provided by operating activities	14	24	20	15	−529,000
Improvements to real estate owned	−7	−6	−10	−6	−1
Additions to loan receivables	0	−18	0	—	—
Proceeds from the sale of real estate owned	913,000	953,000	711,000	4	25
Distributions from unconsolidated joint ventures	4	5	26	91	62
Contributions to unconsolidated joint ventures	−19	−166,000	−316,000	−4	−6
Net cash used in investing activities	−21	−19	17	−16	−22
Proceeds from mortgages payable	88	27	21	19	90
Mortgage payoffs	−58	0	0	−42	−48
Mortgage principal payments	−5	−4	−3	−2	−3
Proceeds from credit facility	18	0	0	43	0
Repayment of credit facility	−18	0	−19	−24	0
Increase in deferred financing costs	−2	−1	−683,000	−693,000	−319,000
Dividends paid	−19	−19	−19	−18	−16
Distributions to non-controlling interests	−157,000	−195,000	−139,000	−157,000	−60,000
Proceeds from the issuance of DRP shares	3	4	3	1	0
Repurchase of shares of common stock	−5	−3	−14	0	0
Net cash (used in) provided by financing activities	2	4	−32	−13	33
Net (decrease) increase in cash, cash equivalents, restricted cash and escrows:	−5	9	4	−14	10
Cash paid during the year for interest expense	22	21	20	14	7
Cash paid (net of refunds received) during the year for income and excise taxes	205,000	−439,000	689,000	283,000	173,000

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro