BRT Apartments (BRT) AI Stock Analysis

• Market Cap: $291.86M
• Dividend Yield: 6.48%
• Average Volume (3M): 28.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.72
• Revenue Growth: 2.39%
• EPS Growth: -407.57%
• Country: US
• Employees: 8
• Sector: Real Estate
• Sector Strength: 56
• Industry: REIT - Residential
• EPS (TTM): -0.16
• Shares Outstanding: 18,902,800
• 10 Day Avg. Volume: 26,348
• 30 Day Avg. Volume: 28,691
• PEG Ratio: 0.11
• Price to Book (P/B): 1.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 40.03
• Enterprise Value/Market Cap: 2.70
• Enterprise Value/Revenue: 2.07
• Enterprise Value/Gross Profit: 15.04
• Enterprise Value/Ebitda: 5.04
• 1Y Price Target: $16.00
• Price Target Upside: 3.83% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 62 Neutral
• Price Target: $16.50 ▲(7.07%Upside)

BRT Apartments' stock score is driven by stable revenue and cash flow management, despite challenges in profitability and high leverage. Technical analysis shows mixed signals with weak bullish momentum, while a high dividend yield is a positive aspect in valuation. Strong shareholder confidence enhances the corporate outlook, though the underlying profitability issues remain a significant concern.

Positive Factors

Capital Use

BRT repurchased shares at a significant discount to FTM NAV, which is seen as an excellent use of capital.

Market Valuation

BRT stock is currently trading at a 34% discount to FTM NAV, presenting a public market valuation that is seen as overdone and misaligned with private market conditions.

Negative Factors

Earnings Performance

BRT reported 4Q24 core FFO of $0.28, below both Citizens and consensus estimates of $0.31 and $0.29, respectively, due to lower NOI partially offset by G&A expense.

Net Acquisitions

Net acquisitions will be tough given the company's high leverage.

Operating Expenses

Operating expenses increased 6.7%, which resulted in NOI decreasing 4.8% on a consolidated basis.

BRT Apartments Business Overview & Revenue Model

Company Description

BRT Apartments (BRT) is a real estate company specializing in the acquisition, development, and management of multifamily residential properties. Operating primarily in urban and suburban markets, BRT focuses on providing affordable and comfortable living spaces to a diverse range of tenants. The company's core services include property leasing, maintenance, and tenant management, ensuring high-quality living conditions and customer satisfaction.

How the Company Makes Money

BRT Apartments generates revenue through the leasing of residential units across its portfolio of properties. The primary revenue stream comes from rental income paid by tenants on a monthly basis. Additionally, the company may engage in strategic partnerships with real estate developers or investment firms to expand its property holdings and enhance its service offerings. BRT may also earn income from ancillary services such as parking, storage, and pet fees, as well as through property management fees if managing properties on behalf of third-party owners.

BRT Apartments Financial Statement Overview

Summary

BRT Apartments shows mixed financial performance, with strong gross profit margins but negative net profit margins and ROE due to high leverage. The company demonstrates stable revenue growth and effective cash flow management, which could support future growth if profitability improves.

Income Statement

BRT Apartments shows a mixed performance in its income statement. The TTM (Trailing-Twelve-Months) gross profit margin stands at 54.6%, indicating strong control over cost of sales. However, the net profit margin is negative at -9.3%, reflecting ongoing challenges in achieving profitability. The revenue growth rate from the previous year is modest at 0.3%, suggesting stable but slow growth. EBIT and EBITDA margins at 11.1% and 41.4% respectively show a good capability to generate operating income, yet the overall net loss remains a concern.

Balance Sheet

The balance sheet of BRT Apartments indicates a highly leveraged position with a debt-to-equity ratio of 2.43, raising concerns about financial risk. The return on equity (ROE) is negative due to the net loss, highlighting inefficiencies in generating returns from shareholders' equity. The equity ratio of 28.2% suggests a moderate level of equity financing, but the high debt levels could pose risks if not managed effectively.

Cash Flow

BRT Apartments demonstrates a solid cash flow performance with a free cash flow to net income ratio of -1.97, indicating challenges in translating income into free cash flow due to net losses. However, the operating cash flow to net income ratio is -2.48, suggesting better operational cash generation compared to net income. The free cash flow growth rate of -1.8% compared to the previous period is modest, indicating stable cash flow management despite profitability issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	95.95M	95.63M	93.62M	70.53M	32.06M	28.10M
Gross Profit	52.42M	52.08M	51.80M	39.97M	17.86M	15.72M
EBITDA	39.73M	38.66M	54.71M	91.25M	44.24M	-5.64M
Net Income	-8.97M	-9.79M	3.87M	49.95M	29.11M	-19.86M
Balance Sheet
Total Assets	703.91M	713.46M	709.96M	732.62M	459.54M	365.74M
Cash, Cash Equivalents and Short-Term Investments	24.37M	27.86M	23.51M	20.28M	32.34M	19.89M
Total Debt	482.88M	483.63M	459.57M	459.92M	236.98M	167.52M
Total Liabilities	505.52M	508.55M	481.52M	482.55M	256.59M	188.05M
Stockholders Equity	198.45M	204.97M	228.46M	250.09M	202.96M	177.77M
Cash Flow
Free Cash Flow	17.67M	17.99M	9.96M	8.73M	-1.84M	-2.64M
Operating Cash Flow	22.22M	24.14M	19.61M	15.03M	-529.00K	-1.75M
Investing Cash Flow	-18.53M	-18.91M	16.68M	-19.37M	-22.10M	4.84M
Financing Cash Flow	4.08M	3.57M	-32.23M	-13.42M	32.86M	-6.81M

BRT Apartments Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.41
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 15.41 is below the 20-day moving average (MA) of 15.72, below the 50-day MA of 15.57, and below the 200-day MA of 16.63, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 44.10 is Neutral, neither overbought nor oversold. The STOCH value of 19.50 is Positive, 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
CSR	66 Neutral	$1.06B	―	-1.55%	5.16%	-1.81%	-33.33%
Sector *	64 Neutral	€2.48B	17.17	3.70%	5.66%	4.21%	24.14%
BRT	62 Neutral	$291.86M	―	-4.28%	6.48%	2.39%	-407.57%
NXRT	60 Neutral	$872.82M	866.19	-7.19%	5.93%	-7.44%	-143.64%
CLPR	57 Neutral	$62.81M	―	46.22%	9.77%	8.64%	-213.95%
SUNS	52 Neutral	$143.88M	10.50	7.07%	11.35%	―	―

BRT Apartments Corporate Events

BRT Apartments Secures Shareholder Approval at Annual Meeting

At the annual meeting of stockholders on June 4, 2025, BRT Apartments successfully had all proposals approved, including the election of directors and the ratification of Ernst & Young LLP as the independent registered public accounting firm for 2025. This approval reflects a strong shareholder backing and is likely to support the company’s governance and financial reporting processes.

The most recent analyst rating on (BRT) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on BRT Apartments stock, see the BRT Stock Forecast page.

BRT Apartments EVP Mitchell Gould Announces Retirement

Mitchell Gould, Executive Vice President of BRT Apartments, has announced his intention to retire in early 2026. The company plans to seek a more junior replacement and may accelerate the vesting of Gould’s 50,810 shares upon his retirement.

The most recent analyst rating on (BRT) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on BRT Apartments stock, see the BRT Stock Forecast page.

BRT Apartments Releases Q1 2025 Financial Information

BRT Apartments has released supplemental financial information for the three months ended March 31, 2025. The company highlights various risks and uncertainties that could impact its operations, including economic conditions, real estate market dynamics, and regulatory changes. The report emphasizes the potential challenges in maintaining cash flows, acquiring properties, and managing expenses, while also noting the company’s concentration in specific geographic markets. Stakeholders are advised to consider these factors when evaluating the company’s future performance.