BRT Apartments (BRT) AI Stock Analysis

• Market Cap: $269.75M
• Dividend Yield: 6.98%
• Average Volume (3M): 29.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.79
• Revenue Growth: 1.62%
• EPS Growth: 11.38%
• Country: US
• Employees: 8
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Residential
• EPS (TTM): N/A
• Shares Outstanding: 19,020,393
• 10 Day Avg. Volume: 33,322
• 30 Day Avg. Volume: 29,330
• PEG Ratio: -0.82
• Price to Book (P/B): 1.49
• Price to Sales (P/S): 2.73
• P/FCF Ratio: 18.78
• Enterprise Value/Market Cap: 0.91
• Enterprise Value/Revenue: 2.56
• Enterprise Value/Gross Profit: 6.35
• Enterprise Value/Ebitda: 6.44
• 1Y Price Target: $16.00
• Price Target Upside: 12.60% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: $14.50 ▲(2.04% Upside)
• Action: Reiterated Date: 03/13/26
• Date: Action: Reiterated 03/13/26

The score is primarily held back by weak recent profitability and a sharp TTM revenue contraction, with elevated leverage adding risk. Offsetting factors include positive operating/free cash flow, a high dividend yield, and a refinancing that improves maturity profile and liquidity, though technical indicators remain generally bearish.

Positive Factors

Consistent operating cash generation

BRT's recurring rental operations generate positive operating cash flow (~$14.1M TTM) and sustained free cash flow across recent periods. This cash cover supports distributions, debt service and selective investments even while accounting earnings are weak, providing durable liquidity for operations.

Strong property-level margins

Healthy gross and EBITDA margins (~41% TTM) indicate efficient property operations and NOI generation. For a multifamily REIT, sustained margin levels provide a durable base for cash flow, cushioning earnings against moderate rent cycles and supporting long-term maintenance and capital needs.

Refinancing improved maturity profile

The completed $71.9M mortgage refinancing extended maturities to nine years and paid down a credit facility, materially reducing near-term refinancing risk. Longer maturities enhance financial flexibility to execute the Sunbelt growth strategy and manage cyclical headwinds over multiple years.

Negative Factors

Sharp TTM revenue contraction and losses

A severe TTM revenue drop (~-59.6%) combined with net losses in 2024 and TTM undermines sustainable earnings generation. Persistent revenue weakness impairs internal capital formation, pressures distributions and limits ability to fund capex or acquisitions without external financing.

Elevated leverage

Rising debt-to-equity (~2.36x in 2024) leaves the REIT exposed to higher interest costs and limits capacity to pursue accretive investments. In a higher-rate environment, elevated leverage increases refinancing and liquidity risk, constraining strategic options over the medium term.

Regional concentration and macro sensitivity

Concentration in the Southeast and Texas concentrates cash-flow risk from localized demand, regulatory or weather events. Combined with sensitivity to inflation and volatile interest rates, this geographic focus increases earnings volatility and reduces diversification resilience over time.

BRT Apartments Business Overview & Revenue Model

Company Description

BRT is a real estate investment trust that owns, operates and develops multi-family properties.

How the Company Makes Money

BRT primarily makes money by earning rental income from multifamily apartment properties it owns (directly or through ownership interests in property-owning entities). Revenue is generated from tenant rents and, where applicable, other property-level income (e.g., fees and ancillary income associated with operating apartment communities). From this revenue, BRT pays property operating expenses (such as maintenance, utilities, property taxes, insurance, and on-site management), and the remaining net operating income (NOI) supports corporate expenses, debt service (interest and principal repayments on property-level and/or corporate borrowings), and distributions to shareholders consistent with REIT requirements. BRT can also generate earnings through real estate investment activity, such as selling properties or interests at a gain, which may produce realized gains separate from recurring rental operations. Specific significant partnerships or other material earnings factors: null.

BRT Apartments Financial Statement Overview

Summary

Mixed fundamentals: cash generation is a support (positive operating cash flow and free cash flow, including TTM), but profitability is weak with net losses in 2024 and TTM and a sharp TTM revenue decline (-59.6%). Leverage is elevated on annual figures (debt-to-equity rising to ~2.36x in 2024), increasing risk while earnings are pressured.

Income Statement

Revenue is essentially flat from 2023–2024 (~$94–96M) but declines sharply in TTM (Trailing-Twelve-Months) (revenue growth -59.6%). Profitability has weakened: net income is negative in 2024 and TTM (Trailing-Twelve-Months), and the net margin remains around -10% in both periods. Gross margin is still healthy (about 41% TTM (Trailing-Twelve-Months)), and EBITDA margin remains strong (~41% TTM (Trailing-Twelve-Months)), but the business is not translating this into bottom-line profitability recently, indicating meaningful non-operating costs and/or depreciation/interest-related pressure.

Balance Sheet

Leverage is elevated for the recent annual periods, with debt-to-equity moving from ~2.01x (2023) to ~2.36x (2024), which reduces financial flexibility in a higher-rate environment. Equity remains sizable (~$205M in 2024), but return on equity is negative in both 2024 and TTM (Trailing-Twelve-Months), reflecting earnings pressure. Notably, TTM (Trailing-Twelve-Months) shows total debt at 0 while debt-to-equity remains high, which appears inconsistent and limits confidence in the latest leverage datapoint; using the annual figures, leverage is clearly a key risk factor.

Cash Flow

Cash generation is a relative strength: operating cash flow is positive across the last several periods and remains positive in TTM (Trailing-Twelve-Months) (~$14.1M). Free cash flow is also positive in 2023, 2024, and TTM (Trailing-Twelve-Months). However, momentum has softened, with free cash flow down sharply in TTM (Trailing-Twelve-Months) (growth -43.7%). Cash flow covers reported net losses reasonably well in the latest period (free cash flow to net income near 1x in TTM (Trailing-Twelve-Months)), but the less-than-1x operating cash flow relative to net income coverage in 2024–TTM suggests cash conversion is good but not exceptionally strong.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	97.03M	95.63M	93.62M	70.53M	32.06M
Gross Profit	154.00K	52.08M	51.80M	39.97M	17.86M
EBITDA	38.30M	38.66M	54.71M	91.25M	44.24M
Net Income	-11.95M	-9.79M	3.87M	49.95M	29.11M
Balance Sheet
Total Assets	709.81M	713.46M	709.96M	732.62M	459.54M
Cash, Cash Equivalents and Short-Term Investments	25.14M	27.86M	23.51M	20.28M	32.34M
Total Debt	508.27M	483.63M	459.57M	459.92M	236.98M
Total Liabilities	532.61M	508.55M	481.52M	482.55M	256.59M
Stockholders Equity	177.24M	204.97M	228.46M	250.09M	202.96M
Cash Flow
Free Cash Flow	10.82M	17.99M	9.96M	8.73M	-1.84M
Operating Cash Flow	14.10M	24.14M	19.61M	15.03M	-529.00K
Investing Cash Flow	-21.49M	-18.91M	16.68M	-19.37M	-22.10M
Financing Cash Flow	2.43M	3.57M	-32.23M	-13.42M	32.86M

BRT Apartments Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 14.21
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRT, the sentiment is Negative. The current price of 14.21 is below the 20-day moving average (MA) of 14.60, below the 50-day MA of 14.69, and below the 200-day MA of 14.85, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 39.29 is Neutral, neither overbought nor oversold. The STOCH value of 22.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BRT.

BRT Apartments Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
BRT	52 Neutral	$269.75M	-22.16	-4.96%	6.98%	1.62%	11.38%
SUNS	50 Neutral	$116.54M	9.90	8.33%	12.97%	―	―
NXRT	47 Neutral	$664.64M	-23.86	-12.63%	7.06%	-4.46%	-206.19%
CLPR	46 Neutral	$48.76M	-8.15	81.43%	11.34%	5.90%	-322.37%
AIV	45 Neutral	$602.82M	1.50	342.51%	7.42%	-4.63%	42.39%

BRT Apartments Corporate Events

BRT Apartments Issues Regulation FD Forward-Looking Disclosure Update

BRT Apartments furnished supplemental financial information on March 12, 2026, covering its results for the three‑ and twelve‑month periods ended December 31, 2025, in connection with potential discussions between executives, analysts and other stakeholders. The company emphasized that these materials are being provided under Regulation FD as furnished, not filed, and may not be deemed material or incorporated into other securities filings absent specific reference.

The release centers on extensive cautionary language about forward‑looking statements, underscoring that expectations around operating performance, acquisitions, financings, occupancy and rent growth are subject to significant uncertainties and market risks. BRT highlighted numerous potential headwinds, including inflation, volatile interest rates, regional concentration in the Southeast and Texas, competition, regulatory changes and environmental and catastrophic risks, signaling continued operational and strategic sensitivity for investors and other stakeholders.

The most recent analyst rating on (BRT) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on BRT Apartments stock, see the BRT Stock Forecast page.

BRT Apartments Completes $71.9M Mortgage Refinancing

On December 17, 2025, BRT Apartments Corp. completed the refinancing of three maturing mortgages totaling $42.7 million, replacing them with new mortgage debt amounting to $71.9 million. This refinancing extends the average term to maturity to nine years, increases the weighted average interest rate to 4.95%, and provides financial flexibility. With $17.5 million of the proceeds used to pay down its credit facility, BRT aims to leverage its improved financial position for future investments and value-enhancing opportunities, particularly in Sunbelt markets, aligning with its strategic focus on creating long-term shareholder growth.

The most recent analyst rating on (BRT) stock is a Hold with a $14.50 price target. To see the full list of analyst forecasts on BRT Apartments stock, see the BRT Stock Forecast page.