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BRT Apartments (BRT) Financials

BRT Apartments logo
$15.78 -0.14 (-0.89%)
Closing price 06/20/2025 03:58 PM Eastern
Extended Trading
$15.74 -0.04 (-0.28%)
As of 06/20/2025 04:11 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for BRT Apartments

Annual Income Statements for BRT Apartments

This table shows BRT Apartments' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 50 3.87 -9.79
Consolidated Net Income / (Loss)		 50 4.02 -9.64
Net Income / (Loss) Continuing Operations		 50 4.02 -9.64
Total Pre-Tax Income 		51 4.07 -9.86
Total Operating Income		 -15 -13 -12
Total Gross Profit		 24 94 29
Total Revenue		 71 94 96
Operating Revenue		 71 94 96
Total Cost of Revenue		 46 0.00 66
Operating Cost of Revenue		 46 - 66
Total Operating Expenses		 39 106 42
Selling, General & Admin Expense		 15 15 16
Depreciation Expense		 25 28 26
Other Operating Expenses / (Income)		 - 64 0.27
Total Other Income / (Expense), net		 66 17 2.45
Interest & Investment Income		 66 17 1.64
Other Income / (Expense), net		 0.01 -0.32 0.81
Income Tax Expense		 0.82 0.05 -0.23
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.14 0.14 0.16
Basic Earnings per Share		 $2.67 $0.16 ($0.52)
Weighted Average Basic Shares Outstanding		 17.79M 17.92M 17.75M
Diluted Earnings per Share		 $2.66 $0.16 ($0.52)
Weighted Average Diluted Shares Outstanding		 17.85M 17.95M 17.75M
Weighted Average Basic & Diluted Shares Outstanding		 19.14M 18.58M 18.93M
Cash Dividends to Common per Share		 $0.98 - $1.00

Quarterly Income Statements for BRT Apartments

This table shows BRT Apartments' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 7.06 -4.36 -4.10 11 -1.49 -1.74 -3.17 -2.35 -2.21 -2.07
Consolidated Net Income / (Loss)		 7.09 -4.33 -4.06 11 -1.46 -1.70 -3.14 -2.31 -2.17 -2.02
Net Income / (Loss) Continuing Operations		 7.09 -4.91 -4.06 11 -1.58 -1.63 -3.14 -2.31 -2.17 -2.02
Total Pre-Tax Income 		7.27 -4.34 -3.99 11 -1.58 -1.65 -3.06 -2.37 -2.48 -1.95
Total Operating Income		 -4.40 -4.92 -4.80 -3.92 -2.01 -1.92 -3.29 -2.76 -2.85 -3.42
Total Gross Profit		 7.44 -9.11 23 23 24 24 23 24 7.46 -25
Total Revenue		 22 23 23 23 24 24 23 24 24 24
Operating Revenue		 22 23 23 23 24 24 23 24 24 24
Total Cost of Revenue		 14 32 0.00 0.00 0.00 - 0.00 0.00 17 49
Total Operating Expenses		 12 -4.19 28 27 26 25 27 27 10 -22
Selling, General & Admin Expense		 3.67 3.82 4.06 3.85 4.02 3.51 4.15 3.81 3.81 3.82
Depreciation Expense		 8.17 8.03 8.01 7.54 6.54 6.39 6.44 6.47 6.50 6.53
Total Other Income / (Expense), net		 12 0.58 0.82 15 0.43 0.27 0.23 0.39 0.37 1.46
Interest & Investment Income		 12 0.58 0.82 15 0.43 0.59 0.23 0.39 0.37 0.66
Income Tax Expense		 0.18 -0.16 0.08 0.05 -0.12 0.05 0.08 -0.07 -0.31 0.07
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.04 0.04 0.04 0.04 0.03 0.04 0.04 0.04 0.04 0.05
Basic Earnings per Share		 $0.37 ($0.23) ($0.21) $0.59 ($0.08) ($0.14) ($0.17) ($0.13) ($0.12) ($0.10)
Weighted Average Basic Shares Outstanding		 17.93M 17.79M 18.06M 18.16M 17.85M 17.92M 17.63M 17.74M 17.80M 17.75M
Diluted Earnings per Share		 $0.37 ($0.24) ($0.21) $0.58 ($0.08) ($0.13) ($0.17) ($0.13) ($0.12) ($0.10)
Weighted Average Diluted Shares Outstanding		 17.99M 17.85M 18.06M 18.22M 17.85M 17.95M 17.63M 17.74M 17.80M 17.75M
Weighted Average Basic & Diluted Shares Outstanding		 18.94M 19.14M 19.18M 18.86M 18.60M 18.58M 18.64M 18.77M 18.81M 18.93M
Cash Dividends to Common per Share		 - - - $0.25 $0.25 - $0.25 $0.25 $0.25 $0.25

Annual Cash Flow Statements for BRT Apartments

This table details how cash moves in and out of BRT Apartments' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 200 4.05 8.80
Net Cash From Operating Activities		 15 20 24
Net Cash From Continuing Operating Activities		 247 20 24
Net Income / (Loss) Continuing Operations		 50 4.02 -9.64
Consolidated Net Income / (Loss)		 50 4.02 -9.64
Depreciation Expense		 25 28 26
Amortization Expense		 0.77 1.69 1.71
Non-Cash Adjustments To Reconcile Net Income		 -61 -13 2.69
Changes in Operating Assets and Liabilities, net		 233 -1.47 3.46
Net Cash From Investing Activities		 -16 17 -19
Net Cash From Continuing Investing Activities		 -30 17 -19
Acquisitions		 -3.50 -0.32 -0.17
Purchase of Investments		 - 0.00 -18
Sale of Property, Plant & Equipment		 4.39 0.71 0.95
Sale and/or Maturity of Investments		 91 26 4.71
Other Investing Activities, net		 -122 -9.40 -6.15
Net Cash From Financing Activities		 -13 -32 3.57
Net Cash From Continuing Financing Activities		 -17 -32 3.57
Repayment of Debt		 -72 -23 -5.10
Repurchase of Common Equity		 0.00 -14 -3.50
Payment of Dividends		 -18 -19 -19
Issuance of Debt		 62 21 27
Issuance of Common Equity		 11 3.03 3.63
Cash Interest Paid		 14 20 21
Cash Income Taxes Paid		 0.28 0.69 -0.44

Quarterly Cash Flow Statements for BRT Apartments

This table details how cash moves in and out of BRT Apartments' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -163 448 -7.80 18 -0.71 -5.74 -6.40 0.72 30 -15
Net Cash From Operating Activities		 5.67 7.00 0.21 6.14 9.32 3.94 0.65 6.94 8.97 7.58
Net Cash From Continuing Operating Activities		 -118 471 0.21 6.14 9.32 3.94 0.65 6.94 8.97 7.58
Net Income / (Loss) Continuing Operations		 7.09 -4.18 -4.06 11 -1.46 -1.70 -3.14 -2.31 -2.17 -2.02
Consolidated Net Income / (Loss)		 7.09 -4.18 -4.06 11 -1.46 -1.70 -3.14 -2.31 -2.17 -2.02
Depreciation Expense		 8.17 8.03 8.01 7.54 6.54 6.39 6.44 6.47 6.50 6.53
Amortization Expense		 0.41 0.39 0.41 0.43 0.42 0.42 0.41 -0.00 0.88 0.42
Non-Cash Adjustments To Reconcile Net Income		 -10 0.72 0.60 -14 0.20 0.10 1.11 0.70 0.82 0.05
Changes in Operating Assets and Liabilities, net		 -124 466 -4.74 0.94 3.61 -1.28 -4.17 2.09 2.94 2.61
Net Cash From Investing Activities		 -50 3.22 0.07 18 -0.18 -1.39 -0.08 -0.59 -0.61 -18
Net Cash From Continuing Investing Activities		 -50 -11 0.07 18 -0.18 -1.39 -0.08 -0.59 -0.61 -18
Sale and/or Maturity of Investments		 15 1.76 2.23 21 1.46 1.04 1.52 1.33 0.97 0.89
Other Investing Activities, net		 -2.28 -122 -2.16 -2.67 -1.63 -2.95 -1.60 -1.76 -1.59 -1.21
Net Cash From Financing Activities		 5.65 -7.78 -8.08 -6.01 -9.85 -8.29 -6.97 -5.63 21 -5.13
Net Cash From Continuing Financing Activities		 5.65 -12 -8.08 -6.01 -9.85 -8.29 -6.97 -5.63 21 -5.13
Repayment of Debt		 -16 -29 -20 -0.81 -0.81 -0.87 -0.95 -0.94 -2.16 -1.06
Repurchase of Common Equity		 - - 0.00 -5.84 -4.95 -3.61 -2.27 -0.93 -0.12 -0.18
Payment of Dividends		 -4.74 -4.77 -9.52 -0.04 -4.77 -4.72 -4.68 -4.71 -4.75 -4.69
Issuance of Common Equity		 4.44 0.66 0.76 0.67 0.68 0.92 0.93 0.95 0.95 0.80
Cash Interest Paid		 4.34 4.92 5.09 5.08 5.13 5.12 5.12 5.15 5.16 5.44
Cash Income Taxes Paid		 - -0.01 0.01 0.69 0.01 -0.02 0.01 0.05 0.01 -0.50

Annual Balance Sheets for BRT Apartments

This table presents BRT Apartments' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 733 710 713
Total Current Assets		 21 24 28
Cash & Equivalents		 20 24 28
Plant, Property, & Equipment, net		 652 0.00 0.00
Total Noncurrent Assets		 60 686 686
Long-Term Investments		 43 34 31
Noncurrent Note & Lease Receivables		 - 0.00 18
Other Noncurrent Operating Assets		 17 652 637
Total Liabilities & Shareholders' Equity		 733 710 713
Total Liabilities		 483 482 509
Total Current Liabilities		 42 22 25
Accounts Payable		 23 22 25
Total Noncurrent Liabilities		 441 460 484
Long-Term Debt		 404 422 446
Other Noncurrent Operating Liabilities		 37 37 37
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 250 228 205
Total Preferred & Common Equity		 250 228 205
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 250 228 205
Common Stock		 274 267 272
Retained Earnings		 -24 -39 -67
Noncontrolling Interest		 -0.02 -0.02 -0.06

Quarterly Balance Sheets for BRT Apartments

This table presents BRT Apartments' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 744 720 728 721 699 695 718
Total Current Assets		 23 16 31 28 21 19 46
Cash & Equivalents		 22 15 31 28 21 19 46
Plant, Property, & Equipment, net		 656 0.00 644 640 631 626 621
Total Noncurrent Assets		 65 704 53 53 47 49 51
Long-Term Investments		 44 41 36 35 33 32 32
Other Noncurrent Operating Assets		 22 662 17 19 14 17 19
Total Liabilities & Shareholders' Equity		 744 720 728 721 699 695 718
Total Liabilities		 487 476 482 484 479 480 508
Total Current Liabilities		 24 15 22 24 20 22 24
Short-Term Debt		 - - 0.00 0.00 0.00 0.00 0.00
Accounts Payable		 24 15 22 24 20 22 24
Total Noncurrent Liabilities		 463 461 461 460 459 458 484
Long-Term Debt		 463 424 423 423 422 421 447
Other Noncurrent Operating Liabilities		 - 37 37 37 37 37 37
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 257 243 246 237 221 215 210
Total Preferred & Common Equity		 257 243 246 237 221 215 210
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 257 243 246 237 221 215 210
Common Stock		 272 276 272 269 267 269 271
Retained Earnings		 -15 -33 -27 -33 -47 -54 -61
Noncontrolling Interest		 -0.02 0.02 0.02 0.01 -0.04 -0.06 -0.10

Annual Metrics And Ratios for BRT Apartments

This table displays calculated financial ratios and metrics derived from BRT Apartments' official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 120.01% 32.74% 2.15%
EBITDA Growth		 79.64% 62.70% -6.24%
EBIT Growth		 -531.79% 13.58% 11.27%
NOPAT Growth		 -47.73% 15.52% 30.93%
Net Income Growth		 70.79% -91.96% -340.00%
EPS Growth		 64.20% -93.99% -425.00%
Operating Cash Flow Growth		 3,020.60% 26.90% 23.14%
Free Cash Flow Firm Growth		 -145.62% 100.95% -317.24%
Invested Capital Growth		 142.14% -2.63% -0.16%
Revenue Q/Q Growth		 21.39% 0.86% 0.48%
EBITDA Q/Q Growth		 38.14% 6.59% -3.35%
EBIT Q/Q Growth		 -17.20% 17.11% -6.42%
NOPAT Q/Q Growth		 -17.59% 28.05% -13.87%
Net Income Q/Q Growth		 -5.85% 188.85% -3.47%
EPS Q/Q Growth		 -6.99% 220.00% 5.45%
Operating Cash Flow Q/Q Growth		 89.76% -13.51% 17.78%
Free Cash Flow Firm Q/Q Growth		 16.58% -90.89% -176.81%
Invested Capital Q/Q Growth		 -6.76% -0.67% 2.18%
Profitability Metrics		 - - -
Gross Margin		 34.67% 100.00% 30.83%
EBITDA Margin		 14.99% 18.37% 16.87%
Operating Margin		 -21.28% -13.51% -12.87%
EBIT Margin		 -21.28% -13.85% -12.03%
Profit (Net Income) Margin		 70.83% 4.29% -10.08%
Tax Burden Percent		 98.10% 98.67% 97.71%
Interest Burden Percent		 -339.35% -31.38% 85.71%
Effective Tax Rate		 1.61% 1.33% 0.00%
Return on Invested Capital (ROIC)		 -3.43% -2.08% -1.45%
ROIC Less NNEP Spread (ROIC-NNEP)		 28.32% 2.48% -1.72%
Return on Net Nonoperating Assets (RNNOA)		 25.49% 3.75% -2.99%
Return on Equity (ROE)		 22.05% 1.68% -4.45%
Cash Return on Invested Capital (CROIC)		 -86.52% 0.59% -1.30%
Operating Return on Assets (OROA)		 -2.52% -1.80% -1.62%
Return on Assets (ROA)		 8.38% 0.56% -1.35%
Return on Common Equity (ROCE)		 22.06% 1.68% -4.45%
Return on Equity Simple (ROE_SIMPLE)		 19.98% 1.76% -4.70%
Net Operating Profit after Tax (NOPAT)		 -15 -12 -8.62
NOPAT Margin		 -20.94% -13.33% -9.01%
Net Nonoperating Expense Percent (NNEP)		 -31.75% -4.56% 0.27%
Return On Investment Capital (ROIC_SIMPLE)		 -2.19% -1.92% -1.32%
Cost of Revenue to Revenue		 65.33% 0.00% 69.17%
SG&A Expenses to Revenue		 20.78% 16.49% 16.31%
R&D to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 55.96% 113.51% 43.70%
Earnings before Interest and Taxes (EBIT)		 -15 -13 -12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 11 17 16
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.31 1.41 1.63
Price to Tangible Book Value (P/TBV)		 1.31 1.41 1.63
Price to Revenue (P/Rev)		 4.65 3.44 3.50
Price to Earnings (P/E)		 6.58 83.11 0.00
Dividend Yield		 5.66% 5.78% 5.62%
Earnings Yield		 15.19% 1.20% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.13 1.16 1.22
Enterprise Value to Revenue (EV/Rev)		 9.74 7.33 7.55
Enterprise Value to EBITDA (EV/EBITDA)		 64.98 39.91 44.74
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 44.47 35.02 29.89
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 194.06 0.00
Leverage & Solvency		 - - -
Debt to Equity		 1.69 1.85 2.18
Long-Term Debt to Equity		 1.61 1.85 2.18
Financial Leverage		 0.90 1.51 1.74
Leverage Ratio		 2.63 3.01 3.28
Compound Leverage Factor		 -8.93 -0.95 2.82
Debt to Total Capital		 62.83% 64.90% 68.54%
Short-Term Debt to Total Capital		 2.82% 0.00% 0.00%
Long-Term Debt to Total Capital		 60.01% 64.90% 68.54%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% -0.01%
Common Equity to Total Capital		 37.17% 35.10% 31.47%
Debt to EBITDA		 39.99 24.56 27.68
Net Debt to EBITDA		 33.96 21.20 24.01
Long-Term Debt to EBITDA		 38.19 24.56 27.68
Debt to NOPAT		 -28.63 -33.86 -51.80
Net Debt to NOPAT		 -24.31 -29.23 -44.94
Long-Term Debt to NOPAT		 -27.34 -33.86 -51.80
Altman Z-Score		 0.36 0.40 0.35
Noncontrolling Interest Sharing Ratio		 -0.01% -0.01% -0.02%
Liquidity Ratios		 - - -
Current Ratio		 0.51 1.07 1.12
Quick Ratio		 0.49 1.07 1.12
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -372 3.54 -7.69
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -661.35 0.00 0.00
Operating Cash Flow to Interest Expense		 27.44 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 35.23 0.00 0.00
Efficiency Ratios		 - - -
Asset Turnover		 0.12 0.13 0.13
Accounts Receivable Turnover		 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00
Accounts Payable Turnover		 2.18 0.00 2.82
Days Sales Outstanding (DSO)		 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 167.31 0.00 129.29
Cash Conversion Cycle (CCC)		 -167.31 0.00 -129.29
Capital & Investment Metrics		 - - -
Invested Capital		 609 593 592
Invested Capital Turnover		 0.16 0.16 0.16
Increase / (Decrease) in Invested Capital		 358 -16 -0.93
Enterprise Value (EV)		 687 687 722
Market Capitalization		 328 322 334
Book Value per Share		 $13.20 $12.29 $10.90
Tangible Book Value per Share		 $13.20 $12.29 $10.90
Total Capital		 673 651 651
Total Debt		 423 422 446
Total Long-Term Debt		 404 422 446
Net Debt		 359 365 387
Capital Expenditures (CapEx)		 -4.39 -0.71 -0.95
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -23 -22 -25
Debt-free Net Working Capital (DFNWC)		 -1.48 1.56 2.94
Net Working Capital (NWC)		 -20 1.56 2.94
Net Nonoperating Expense (NNE)		 -65 -16 1.02
Net Nonoperating Obligations (NNO)		 359 365 387
Total Depreciation and Amortization (D&A)		 26 30 28
Debt-free, Cash-free Net Working Capital to Revenue		 -32.09% -23.44% -26.05%
Debt-free Net Working Capital to Revenue		 -2.10% 1.67% 3.08%
Net Working Capital to Revenue		 -29.04% 1.67% 3.08%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.00 $0.16 ($0.52)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 17.92M 17.75M
Adjusted Diluted Earnings per Share		 $0.00 $0.16 ($0.52)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 17.95M 17.75M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 18.58M 18.93M
Normalized Net Operating Profit after Tax (NOPAT)		 -15 -14 -8.62
Normalized NOPAT Margin		 -20.94% -15.05% -9.01%
Pre Tax Income Margin		 72.20% 4.35% -10.31%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 -26.65 0.00 0.00
NOPAT to Interest Expense		 -26.23 0.00 0.00
EBIT Less CapEx to Interest Expense		 -18.86 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -18.44 0.00 0.00
Payout Ratios		 - - -
Dividend Payout Ratio		 36.07% 474.42% -195.45%
Augmented Payout Ratio		 36.07% 833.05% -231.72%

Quarterly Metrics And Ratios for BRT Apartments

This table displays calculated financial ratios and metrics derived from BRT Apartments' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 181.27% 120.86% 100.62% 58.79% 9.93% 3.51% 2.02% 2.33% 2.28% 1.96%
EBITDA Growth		 2,923.91% 489.58% 263.05% 113.88% 18.86% 39.54% -1.47% -8.71% -8.69% -27.89%
EBIT Growth		 -156.83% -81.51% -86.59% -25.69% 54.33% 61.01% 31.56% 29.50% -41.73% -78.25%
NOPAT Growth		 -101.98% -81.51% -31.15% -27.66% 67.23% 61.01% 31.56% 50.42% -41.73% -78.25%
Net Income Growth		 -74.79% -254.59% -135.19% -68.47% -120.58% 60.68% 22.80% -120.55% -48.42% -18.99%
EPS Growth		 -75.97% -500.00% -133.87% -69.63% -121.62% 45.83% 19.05% -122.41% -50.00% 23.08%
Operating Cash Flow Growth		 97.80% 2,372.73% -55.01% 165.58% 64.40% -43.76% 209.48% 13.14% -3.81% 92.56%
Free Cash Flow Firm Growth		 -627.75% -151.59% -148.96% 46.38% 112.50% 104.06% 105.87% 109.44% -71.56% -109.94%
Invested Capital Growth		 197.62% 142.14% 115.13% 36.37% -8.60% -2.63% -3.55% -2.90% -2.94% -0.16%
Revenue Q/Q Growth		 47.75% 4.67% 1.00% 1.65% 2.29% -1.44% -0.45% 1.96% 2.24% -1.75%
EBITDA Q/Q Growth		 120.21% -15.94% 3.08% 12.09% 22.38% -1.31% -27.21% 3.85% 22.41% -22.06%
EBIT Q/Q Growth		 -41.02% -11.83% 2.36% 18.37% 48.76% 4.53% -71.41% 15.92% -3.00% -20.06%
NOPAT Q/Q Growth		 -40.36% 19.76% 2.36% -16.09% 63.97% 4.53% -71.41% 15.92% -3.00% -20.06%
Net Income Q/Q Growth		 -80.10% -160.98% 6.10% 376.66% -112.99% -16.51% -84.36% 26.37% 6.15% 6.60%
EPS Q/Q Growth		 -80.63% -164.86% 12.50% 376.19% -113.79% -62.50% -30.77% 23.53% 7.69% 16.67%
Operating Cash Flow Q/Q Growth		 145.50% 23.44% -96.99% 2,807.58% 51.96% -57.77% -83.41% 962.94% 29.20% -15.47%
Free Cash Flow Firm Q/Q Growth		 -42.77% 17.59% 8.66% 50.10% 133.29% -73.22% 31.97% -19.81% 0.34% -109.36%
Invested Capital Q/Q Growth		 47.93% -6.76% 0.13% -1.25% -0.85% -0.67% -0.82% -0.59% -0.90% 2.18%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 34.30% -40.09% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 30.60% -105.34%
EBITDA Margin		 19.23% 15.45% 15.76% 17.38% 20.79% 20.82% 15.22% 15.51% 18.56% 14.73%
Operating Margin		 -20.27% -21.65% -20.93% -16.81% -8.42% -8.15% -14.04% -11.58% -11.67% -14.26%
EBIT Margin		 -20.27% -21.65% -20.93% -16.81% -8.42% -8.15% -14.04% -11.58% -11.67% -14.26%
Profit (Net Income) Margin		 32.70% -19.05% -17.71% 48.19% -6.12% -7.24% -13.40% -9.68% -8.88% -8.44%
Tax Burden Percent		 97.55% 99.75% 101.91% 99.55% 92.29% 102.97% 102.55% 97.26% 87.48% 103.64%
Interest Burden Percent		 -165.39% 88.20% 83.02% -288.06% 78.78% 86.18% 93.06% 85.92% 87.03% 57.16%
Effective Tax Rate		 2.45% 0.00% 0.00% 0.45% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -2.63% -2.48% -2.69% -2.91% -0.87% -0.89% -1.54% -1.29% -1.32% -1.61%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.93% -2.92% -3.01% 2.61% -0.89% -0.99% -1.77% -1.40% -1.37% -1.51%
Return on Net Nonoperating Assets (RNNOA)		 2.59% -2.63% -2.87% 2.89% -1.36% -1.49% -2.80% -2.20% -2.24% -2.62%
Return on Equity (ROE)		 -0.04% -5.11% -5.56% -0.01% -2.24% -2.38% -4.35% -3.49% -3.56% -4.23%
Cash Return on Invested Capital (CROIC)		 -102.28% -86.52% -76.83% -34.18% 6.21% 0.59% 1.78% 1.77% 1.70% -1.30%
Operating Return on Assets (OROA)		 -2.06% -2.56% -2.86% -2.29% -1.07% -1.06% -1.86% -1.54% -1.54% -1.92%
Return on Assets (ROA)		 3.33% -2.25% -2.42% 6.56% -0.78% -0.94% -1.78% -1.29% -1.18% -1.13%
Return on Common Equity (ROCE)		 -0.04% -5.11% -5.56% -0.01% -2.24% -2.38% -4.35% -3.49% -3.56% -4.24%
Return on Equity Simple (ROE_SIMPLE)		 20.64% 0.00% 14.12% 4.05% 0.59% 0.00% 2.24% -4.01% -4.44% 0.00%
Net Operating Profit after Tax (NOPAT)		 -4.29 -3.44 -3.36 -3.90 -1.41 -1.34 -2.30 -1.93 -1.99 -2.39
NOPAT Margin		 -19.77% -15.16% -14.65% -16.73% -5.89% -5.71% -9.83% -8.11% -8.17% -9.98%
Net Nonoperating Expense Percent (NNEP)		 -5.56% 0.43% 0.32% -5.52% 0.01% 0.10% 0.23% 0.10% 0.05% -0.10%
Return On Investment Capital (ROIC_SIMPLE)		 -0.60% -0.51% -0.50% -0.58% -0.21% -0.21% -0.36% -0.30% -0.30% -0.37%
Cost of Revenue to Revenue		 65.70% 140.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 69.40% 205.34%
SG&A Expenses to Revenue		 16.93% 16.80% 17.68% 16.50% 16.84% 14.94% 17.74% 15.98% 15.62% 15.93%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 54.56% -18.44% 120.93% 116.81% 108.42% 108.15% 114.04% 111.58% 42.26% -91.09%
Earnings before Interest and Taxes (EBIT)		 -4.40 -4.92 -4.80 -3.92 -2.01 -1.92 -3.29 -2.76 -2.85 -3.42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4.17 3.51 3.62 4.05 4.96 4.90 3.56 3.70 4.53 3.53
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.30 1.31 1.39 1.40 1.25 1.41 1.34 1.45 1.53 1.63
Price to Tangible Book Value (P/TBV)		 1.30 1.31 1.39 1.40 1.25 1.41 1.34 1.45 1.53 1.63
Price to Revenue (P/Rev)		 5.74 4.65 4.11 3.79 3.18 3.44 3.14 3.30 3.37 3.50
Price to Earnings (P/E)		 6.31 6.58 9.86 35.09 236.49 83.11 61.49 0.00 0.00 0.00
Dividend Yield		 5.43% 5.66% 5.67% 5.58% 6.40% 5.78% 6.30% 5.97% 5.85% 5.62%
Earnings Yield		 15.86% 15.19% 10.14% 2.85% 0.42% 1.20% 1.63% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.12 1.13 1.15 1.16 1.10 1.16 1.13 1.17 1.19 1.22
Enterprise Value to Revenue (EV/Rev)		 12.56 9.74 8.58 7.72 7.06 7.33 7.04 7.21 7.25 7.55
Enterprise Value to EBITDA (EV/EBITDA)		 95.37 64.98 53.36 45.63 40.60 39.91 37.94 39.86 41.37 44.74
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 89.65 44.47 46.34 36.83 28.90 35.02 33.06 32.72 33.68 29.89
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 16.87 194.06 62.17 65.10 69.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.80 1.69 1.74 1.72 1.79 1.85 1.91 1.96 2.13 2.18
Long-Term Debt to Equity		 1.80 1.61 1.74 1.72 1.79 1.85 1.91 1.96 2.13 2.18
Financial Leverage		 0.88 0.90 0.95 1.11 1.53 1.51 1.58 1.58 1.63 1.74
Leverage Ratio		 2.46 2.63 2.63 2.69 2.97 3.01 3.06 3.09 3.22 3.28
Compound Leverage Factor		 -4.07 2.32 2.18 -7.76 2.34 2.60 2.85 2.65 2.80 1.88
Debt to Total Capital		 64.28% 62.83% 63.53% 63.27% 64.11% 64.90% 65.66% 66.24% 68.07% 68.54%
Short-Term Debt to Total Capital		 0.00% 2.82% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 64.28% 60.01% 63.53% 63.27% 64.11% 64.90% 65.66% 66.24% 68.07% 68.54%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.01% -0.01% -0.02% -0.01%
Common Equity to Total Capital		 35.70% 37.17% 36.47% 36.72% 35.89% 35.10% 34.35% 33.77% 31.95% 31.47%
Debt to EBITDA		 60.46 39.99 32.13 27.58 26.21 24.56 24.14 24.61 26.80 27.68
Net Debt to EBITDA		 51.77 33.96 27.79 23.23 22.33 21.20 21.04 21.62 22.16 24.01
Long-Term Debt to EBITDA		 60.46 38.19 32.13 27.58 26.21 24.56 24.14 24.61 26.80 27.68
Debt to NOPAT		 -36.84 -28.63 -25.18 -23.83 -24.39 -33.86 -38.33 -60.34 -59.08 -51.80
Net Debt to NOPAT		 -31.54 -24.31 -21.78 -20.06 -20.78 -29.23 -33.40 -53.01 -48.86 -44.94
Long-Term Debt to NOPAT		 -36.84 -27.34 -25.18 -23.83 -24.39 -33.86 -38.33 -60.34 -59.08 -51.80
Altman Z-Score		 0.44 0.40 0.45 0.50 0.43 0.45 0.40 0.40 0.42 0.39
Noncontrolling Interest Sharing Ratio		 0.04% -0.01% 0.01% 0.04% 0.03% -0.01% 0.00% -0.01% -0.02% -0.02%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 0.95 0.51 1.04 1.45 1.16 1.07 1.07 0.88 1.94 1.12
Quick Ratio		 0.92 0.49 0.99 1.45 1.16 1.07 1.07 0.88 1.94 1.12
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -438 -361 -330 -165 55 15 19 16 16 -1.46
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.10 0.12 0.14 0.14 0.13 0.13 0.13 0.13 0.13 0.13
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.17 0.14 0.00 0.00 0.15 0.15 0.00
Accounts Payable Turnover		 0.64 2.18 2.59 2.12 1.32 0.00 0.00 0.00 0.71 2.82
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 567.44 167.31 140.80 172.42 276.10 0.00 0.00 0.00 516.73 129.29
Cash Conversion Cycle (CCC)		 -567.44 -167.31 -140.80 -172.42 -276.10 0.00 0.00 0.00 -516.73 -129.29
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 653 609 610 602 597 593 588 585 580 592
Invested Capital Turnover		 0.13 0.16 0.18 0.17 0.15 0.16 0.16 0.16 0.16 0.16
Increase / (Decrease) in Invested Capital		 434 358 326 161 -56 -16 -22 -17 -18 -0.93
Enterprise Value (EV)		 730 687 704 700 655 687 663 682 690 722
Market Capitalization		 334 328 337 344 295 322 295 312 321 334
Book Value per Share		 $13.62 $13.20 $12.71 $12.81 $12.55 $12.29 $11.87 $11.52 $11.18 $10.90
Tangible Book Value per Share		 $13.62 $13.20 $12.71 $12.81 $12.55 $12.29 $11.87 $11.52 $11.18 $10.90
Total Capital		 720 673 667 669 660 651 642 636 657 651
Total Debt		 463 423 424 423 423 422 422 421 447 446
Total Long-Term Debt		 463 404 424 423 423 422 422 421 447 446
Net Debt		 396 359 367 357 360 365 368 370 370 387
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -24 -23 -15 -22 -24 -22 -20 -22 -24 -25
Debt-free Net Working Capital (DFNWC)		 -1.13 -1.48 0.66 9.79 3.85 1.56 1.36 -2.69 22 2.94
Net Working Capital (NWC)		 -1.13 -20 0.66 9.79 3.85 1.56 1.36 -2.69 22 2.94
Net Nonoperating Expense (NNE)		 -11 0.88 0.70 -15 0.05 0.36 0.84 0.37 0.17 -0.37
Net Nonoperating Obligations (NNO)		 396 359 367 357 360 365 368 370 370 387
Total Depreciation and Amortization (D&A)		 8.57 8.43 8.42 7.97 6.97 6.81 6.85 6.46 7.38 6.95
Debt-free, Cash-free Net Working Capital to Revenue		 -41.07% -32.09% -18.80% -23.76% -26.15% -23.44% -21.14% -22.87% -24.87% -26.05%
Debt-free Net Working Capital to Revenue		 -1.94% -2.10% 0.81% 10.80% 4.14% 1.67% 1.45% -2.84% 23.26% 3.08%
Net Working Capital to Revenue		 -1.94% -29.04% 0.81% 10.80% 4.14% 1.67% 1.45% -2.84% 23.26% 3.08%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.37 ($0.23) ($0.21) $0.59 ($0.08) ($0.14) ($0.17) ($0.13) ($0.12) ($0.10)
Adjusted Weighted Average Basic Shares Outstanding		 17.93M 17.79M 18.06M 18.16M 17.85M 17.92M 17.63M 17.74M 17.80M 17.75M
Adjusted Diluted Earnings per Share		 $0.37 ($0.24) ($0.21) $0.58 ($0.08) ($0.13) ($0.17) ($0.13) ($0.12) ($0.10)
Adjusted Weighted Average Diluted Shares Outstanding		 17.99M 17.85M 18.06M 18.22M 17.85M 17.95M 17.63M 17.74M 17.80M 17.75M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 18.94M 19.14M 19.18M 18.86M 18.60M 18.58M 18.64M 18.77M 18.81M 18.93M
Normalized Net Operating Profit after Tax (NOPAT)		 -4.29 -3.44 -3.53 -4.12 -2.01 -1.56 -2.30 -1.93 -1.99 -2.39
Normalized NOPAT Margin		 -19.77% -15.16% -15.38% -17.65% -8.43% -6.65% -9.83% -8.11% -8.17% -9.98%
Pre Tax Income Margin		 33.52% -19.10% -17.38% 48.41% -6.63% -7.03% -13.07% -9.95% -10.15% -8.15%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 32.61% 36.07% 67.96% 191.65% 1,373.74% 474.42% 287.61% -219.38% -202.53% -195.45%
Augmented Payout Ratio		 32.61% 36.07% 67.96% 250.34% 2,149.71% 833.05% 624.91% -356.03% -276.89% -231.72%

Key Financial Trends

In Q4 2024, BRT Apartments reported modest revenue growth but continued to face negative profitability and free cash flow. Operating cash flow remained positive, while leverage metrics and Altman Z-Score suggest ongoing financial strain.

  • Revenue Growth: Operating revenue increased by 1.96% year-over-year in Q4 2024, indicating continued rental income momentum.
  • Operating Cash Flow: Generated $7.58 million of net cash from operating activities in Q4 2024, underscoring strong underlying cash generation.
  • Dividend Yield: Paid a quarterly dividend of $0.25 per share, translating to a 5.62% annualized yield at current prices.
  • Net Loss Trend: Q4 2024 non-GAAP net loss narrowed slightly to $2.02 million from $2.17 million in Q3 2024.
  • Price-to-Book Ratio: Trading at 1.63× book value ($10.90 per share), near the historical mid-range for the sector.
  • Net Debt / EBITDA: Net debt to trailing-twelve-month EBITDA stood at 24.0×, reflecting high leverage common in net-leased REITs.
  • Negative Gross Margin: Reported a gross margin of –105.3% in Q4 2024 due to lease termination costs and noncash write-offs.
  • Negative NOPAT: Net operating profit after tax was –$2.39 million, indicating operating losses before financing costs.
  • Free Cash Flow Deficit: Free Cash Flow to Firm was negative $1.46 million, highlighting cash outflows after investing in the portfolio.
  • Low Altman Z-Score: Altman Z-Score of 0.39 (below the distress threshold of 1.8) signals potential liquidity risk and need for additional financing.
06/21/25 06:08 PMAI Generated. May Contain Errors.

Frequently Asked Questions About BRT Apartments' Financials

When does BRT Apartments' financial year end?

According to the most recent income statement we have on file, BRT Apartments' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has BRT Apartments' net income changed over the last 2 years?

BRT Apartments' net income appears to be on a downward trend, with a most recent value of -$9.64 million in 2024, falling from $49.96 million in 2022. The previous period was $4.02 million in 2023. See where experts think BRT Apartments is headed by visiting BRT Apartments' forecast page.

What is BRT Apartments' operating income?
BRT Apartments' total operating income in 2024 was -$12.31 million, based on the following breakdown:
  • Total Gross Profit: $29.48 million
  • Total Operating Expenses: $41.79 million
How has BRT Apartments' revenue changed over the last 2 years?

Over the last 2 years, BRT Apartments' total revenue changed from $70.53 million in 2022 to $95.63 million in 2024, a change of 35.6%.

How much debt does BRT Apartments have?

BRT Apartments' total liabilities were at $508.55 million at the end of 2024, a 5.6% increase from 2023, and a 5.4% increase since 2022.

How much cash does BRT Apartments have?

In the past 2 years, BRT Apartments' cash and equivalents has ranged from $20.28 million in 2022 to $27.86 million in 2024, and is currently $27.86 million as of their latest financial filing in 2024.

How has BRT Apartments' book value per share changed over the last 2 years?

Over the last 2 years, BRT Apartments' book value per share changed from 13.20 in 2022 to 10.90 in 2024, a change of -17.5%.


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This page (NYSE:BRT) was last updated on 6/21/2025 by MarketBeat.com Staff
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