What is BRT Apartments' operating income?

BRT Apartments' total operating income in 2025 was -$12.18 million, based on the following breakdown: Total Gross Profit: $97.03 million Total Operating Expenses: $109.21 million

BRT Apartments (BRT) Financials

$13.42 -0.12 (-0.85%)

Closing price 10/9/2026 03:58 PM Eastern

Extended Trading

$13.40 -0.01 (-0.11%)

As of 10/9/2026 07:30 PM Eastern

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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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-2.39	31	14	25	0.86	-20	29	50	3.87	-9.79	-12
Consolidated Net Income / (Loss)	-1.61	45	36	26	1.69	-20	29	50	4.02	-9.64	-12
Net Income / (Loss) Continuing Operations	4.48	49	36	26	1.69	-20	29	50	4.02	-9.64	-12
Total Pre-Tax Income	9.06	53	37	26	1.96	-19	29	51	4.07	-9.86	-12
Total Operating Income	-5.95	11	-14	-2.38	2.24	-13	-10	-15	-13	-12	-12
Total Gross Profit	38	51	54	23	28	28	32	24	94	96	97
Total Revenue	81	99	106	23	28	28	32	71	94	96	97
Operating Revenue	81	99	106	23	28	28	32	71	94	96	97
Total Cost of Revenue	43	48	51	0.00	0.00	0.00	0.00	46	0.00	0.00	0.00
Total Operating Expenses	44	40	68	25	26	42	42	39	106	108	109
Selling, General & Admin Expense	6.68	8.54	9.40	9.38	10	12	13	15	15	16	16
Depreciation Expense	18	23	30	4.93	5.92	6.74	8.03	25	28	26	26
Other Operating Expenses / (Income)	19	24	28	11	20	19	21	-	64	66	68
Other Special Charges / (Income)	0.00	-15	0.00	0.00	-11	-	0.00	-	-1.64	-	-0.31
Total Other Income / (Expense), net	15	42	51	28	-0.28	-6.02	40	66	17	2.45	0.58
Interest & Investment Income	0.00	0.00	-0.38	33	1.11	-6.02	33	66	17	1.64	-0.17
Other Income / (Expense), net	15	46	53	1.66	-	0.00	7.69	0.01	-0.32	0.81	0.76
Income Tax Expense	0.00	0.70	1.56	0.00	0.27	0.25	0.21	0.82	0.05	-0.23	0.17
Net Income / (Loss) Attributable to Noncontrolling Interest	0.78	14	22	0.13	0.84	0.13	0.14	0.14	0.14	0.16	0.17
Basic Earnings per Share	($0.17)	$2.23	$0.97	$1.70	$0.05	($1.16)	$1.63	$2.67	$0.16	($0.52)	($0.63)
Weighted Average Basic Shares Outstanding	14.13M	14.02M	13.99M	15.01M	15.97M	17.12M	17.02M	17.79M	17.92M	17.75M	18.01M
Diluted Earnings per Share	($0.17)	$2.23	$0.97	$1.68	$0.05	($1.16)	$1.62	$2.66	$0.16	($0.52)	($0.63)
Weighted Average Diluted Shares Outstanding	14.13M	14.02M	14.02M	15.21M	16.17M	17.12M	17.08M	17.85M	17.95M	17.75M	18.01M
Weighted Average Basic & Diluted Shares Outstanding	14.13M	14.02M	14.02M	15.75M	-	17.33M	18.53M	19.14M	18.58M	18.93M	18.98M
Cash Dividends to Common per Share	$0.00	$0.00	$0.18	$0.78	-	$0.88	$0.90	$0.98	-	$1.00	$1.00

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-1.74	-3.17	-2.35	-2.21	-2.07	-2.35	-2.57	-2.71	-4.32	-2.68	-3.22
Consolidated Net Income / (Loss)	-1.70	-3.14	-2.31	-2.17	-2.02	-2.31	-2.52	-2.67	-4.28	-2.64	-3.18
Net Income / (Loss) Continuing Operations	-1.63	-3.14	-2.31	-2.17	-2.02	-2.31	-2.52	-2.67	-4.28	-2.64	-3.18
Total Pre-Tax Income	-1.65	-3.06	-2.37	-2.48	-1.95	-2.25	-2.46	-2.67	-4.22	-2.57	-3.14
Total Operating Income	-1.92	-3.29	-2.76	-2.85	-3.42	-2.73	-2.76	-3.35	-3.41	-2.39	-3.14
Total Gross Profit	24	7.30	7.52	7.46	-25	24	24	7.21	42	25	24
Total Revenue	24	23	24	24	24	24	24	24	24	25	24
Operating Revenue	24	23	24	24	24	24	24	24	24	25	24
Total Cost of Revenue	-	16	16	17	49	0.00	0.00	17	-17	0.00	0.00
Total Operating Expenses	25	11	10	10	-22	27	27	11	45	27	28
Selling, General & Admin Expense	3.51	4.15	3.81	3.81	3.82	4.07	3.74	3.94	3.78	3.87	3.53
Depreciation Expense	6.39	6.44	6.47	6.50	6.53	6.54	6.58	6.62	6.66	6.68	6.71
Other Operating Expenses / (Income)	16	-	-	-	-	16	17	-	-	16	17
Total Other Income / (Expense), net	0.27	0.23	0.39	0.37	1.46	0.41	0.30	0.68	-0.81	-0.31	-0.00
Interest & Investment Income	0.59	0.23	0.39	0.37	0.66	0.41	0.30	-0.08	-0.81	-0.31	-0.00
Income Tax Expense	0.05	0.08	-0.07	-0.31	0.07	0.06	0.06	0.00	0.05	0.08	0.04
Net Income / (Loss) Attributable to Noncontrolling Interest	0.04	0.04	0.04	0.04	0.05	0.04	0.04	0.04	0.04	0.04	0.04
Weighted Average Basic Shares Outstanding	17.92M	17.63M	17.74M	17.80M	17.75M	17.99M	17.99M	18.03M	18.01M	18.06M	17.98M
Weighted Average Diluted Shares Outstanding	17.95M	17.63M	17.74M	17.80M	17.75M	17.99M	17.99M	18.03M	18.01M	18.06M	17.98M
Weighted Average Basic & Diluted Shares Outstanding	18.58M	18.64M	18.77M	18.81M	18.93M	18.90M	18.90M	19.02M	18.98M	18.82M	18.79M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-7.63	12	-15	56	0.70	-3.73	10	200	4.05	8.80	-4.96
Net Cash From Operating Activities	8.41	10	13	27	8.65	-1.76	-0.53	15	20	24	14
Net Cash From Continuing Operating Activities	8.41	4.45	11	65	8.65	-1.76	29	247	20	24	14
Net Income / (Loss) Continuing Operations	-1.61	45	36	26	1.69	-20	29	50	4.02	-9.64	-12
Consolidated Net Income / (Loss)	-1.61	45	36	26	1.69	-20	29	50	4.02	-9.64	-12
Depreciation Expense	23	23	30	4.93	5.92	6.74	8.03	25	28	26	26
Amortization Expense	-	-	-	0.19	0.31	0.28	0.24	0.77	1.69	1.70	1.67
Non-Cash Adjustments To Reconcile Net Income	-14	-58	-50	28	-1.40	11	-36	-61	-13	2.70	4.12
Changes in Operating Assets and Liabilities, net	1.14	0.21	-3.49	5.88	2.13	-0.53	27	233	-1.47	3.46	-6.30
Net Cash From Investing Activities	-67	-136	-77	-15	23	4.84	-22	-16	17	-19	-21
Net Cash From Continuing Investing Activities	-67	-136	-77	-15	23	4.84	-22	-30	17	-19	-21
Acquisitions	0.00	0.00	-22	-60	-29	-	-6.03	-3.50	-0.32	-0.17	-19
Purchase of Investments	-	0.00	0.00	-	-	-14	-	-	0.00	-18	0.00
Sale of Property, Plant & Equipment	66	197	167	0.86	34	0.00	25	4.39	0.71	0.95	0.91
Sale and/or Maturity of Investments	0.00	0.00	0.42	52	21	15	62	91	26	4.71	4.18
Other Investing Activities, net	-49	-50	5.93	-8.10	-2.30	3.11	-113	-122	-9.40	-6.15	-7.45
Net Cash From Financing Activities	51	138	49	5.70	-31	-6.81	33	-13	-32	3.57	2.43
Net Cash From Continuing Financing Activities	51	138	49	5.70	-31	-6.81	32	-17	-32	3.57	2.43
Repayment of Debt	-45	-138	-104	-2.35	-39	-8.04	-51	-72	-23	-5.10	-82
Repurchase of Common Equity	-2.42	-2.12	-0.19	-0.16	-0.05	-0.62	-	0.00	-14	-3.50	-4.99
Payment of Dividends	-13	-33	-34	-12	-15	-15	-16	-18	-19	-19	-19
Issuance of Debt	99	268	155	0.00	15	5.00	90	62	21	27	105
Issuance of Common Equity	12	34	32	20	7.52	12	9.62	11	3.03	3.63	3.43
Cash Interest Paid	24	28	27	6.19	7.51	6.89	6.52	14	20	21	22
Cash Income Taxes Paid	0.13	1.26	1.88	0.26	0.32	0.29	0.17	0.28	0.69	-0.44	0.21

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-5.74	-6.40	0.72	30	-15	-7.43	1.41	1.89	-0.82	-2.00	-1.95
Net Cash From Operating Activities	3.94	0.65	6.94	8.97	7.58	0.25	8.48	9.05	-3.68	2.09	6.34
Net Cash From Continuing Operating Activities	3.94	0.65	6.94	8.97	7.58	0.25	8.48	9.05	-3.68	2.09	6.34
Net Income / (Loss) Continuing Operations	-1.70	-3.14	-2.31	-2.17	-2.02	-2.31	-2.52	-2.67	-4.28	-2.64	-3.18
Consolidated Net Income / (Loss)	-1.70	-3.14	-2.31	-2.17	-2.02	-2.31	-2.52	-2.67	-4.28	-2.64	-3.18
Depreciation Expense	6.39	6.44	6.47	6.50	6.53	6.54	6.58	6.62	6.66	6.68	6.71
Amortization Expense	0.42	0.41	-0.00	0.88	0.42	0.40	0.38	0.39	0.48	0.34	0.34
Non-Cash Adjustments To Reconcile Net Income	0.10	1.11	0.70	0.82	0.05	0.73	0.85	0.56	1.99	1.23	0.95
Changes in Operating Assets and Liabilities, net	-1.28	-4.17	2.09	2.94	2.61	-5.11	3.19	4.15	-8.53	-3.52	1.53
Net Cash From Investing Activities	-1.39	-0.08	-0.59	-0.61	-18	-1.22	-1.02	-19	-0.09	-0.31	-0.58
Net Cash From Continuing Investing Activities	-1.39	-0.08	-0.59	-0.61	-18	-1.22	-1.02	-19	-0.09	-0.31	-0.58
Sale and/or Maturity of Investments	1.04	1.52	1.33	0.97	0.89	0.92	1.11	0.91	1.24	1.05	1.47
Other Investing Activities, net	-2.95	-1.60	-1.76	-1.59	-1.21	-2.15	-2.13	-1.85	-1.33	-1.36	-2.05
Net Cash From Financing Activities	-8.29	-6.97	-5.63	21	-5.13	-6.46	-6.06	12	2.95	-3.78	-7.70
Net Cash From Continuing Financing Activities	-8.29	-6.97	-5.63	21	-5.13	-6.46	-6.06	12	2.95	-3.78	-7.70
Repayment of Debt	-0.87	-0.95	-0.94	-2.16	-1.06	-1.13	-1.10	-17	-63	-1.20	-1.16
Repurchase of Common Equity	-3.61	-2.27	-0.93	-0.12	-0.18	-1.38	-1.00	-	-2.60	-2.51	-2.90
Payment of Dividends	-4.72	-4.68	-4.71	-4.75	-4.69	-4.75	-4.78	-4.79	-4.74	-1.04	-4.75
Issuance of Common Equity	0.92	0.93	0.95	0.95	0.80	0.81	0.82	0.83	0.97	0.98	1.10
Cash Interest Paid	5.12	5.12	5.15	5.16	5.44	5.30	5.34	5.47	5.79	5.39	5.65
Cash Income Taxes Paid	-0.02	0.01	0.05	0.01	-0.50	0.04	0.19	0.00	-0.03	0.02	0.20

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	821	875	994	375	391	366	460	733	710	713	710
Total Current Assets	22	27	12	25	32	29	39	21	24	28	25
Cash & Equivalents	16	27	12	18	23	20	32	20	24	28	25
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	652	0.00	0.00	0.00
Total Noncurrent Assets	799	848	982	350	358	337	421	60	686	686	685
Long-Term Investments	-	0.30	21	180	177	169	112	43	34	31	46
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	0.00	18	18
Other Noncurrent Operating Assets	635	847	960	170	181	168	308	17	652	637	621
Total Liabilities & Shareholders' Equity	821	875	994	375	391	366	460	733	710	713	710
Total Liabilities	661	673	757	176	191	188	257	483	482	509	533
Total Current Liabilities	153	21	22	15	21	21	20	42	22	25	24
Short-Term Debt	-	-	-	-	-	-	-	19	-	0.00	0.00
Accounts Payable	15	21	22	15	21	21	20	23	22	25	24
Total Noncurrent Liabilities	507	653	735	161	170	168	237	441	460	484	508
Long-Term Debt	451	625	735	161	133	130	200	404	422	446	471
Other Noncurrent Operating Liabilities	56	27	-	-	37	37	37	37	37	37	37
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	160	202	237	199	200	178	203	250	228	205	177
Total Preferred & Common Equity	123	151	166	198	200	178	203	250	228	205	177
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	123	151	166	198	200	178	203	250	228	205	177
Common Stock	202	201	202	223	232	246	258	274	267	272	276
Retained Earnings	-79	-48	-37	-25	-33	-68	-55	-24	-39	-67	-98
Noncontrolling Interest	38	50	71	0.34	-0.09	-0.08	-0.01	-0.02	-0.02	-0.06	-0.04

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	720	728	721	699	695	718	704	700	714	698	691
Total Current Assets	16	31	28	21	19	46	24	24	21	27	23
Cash & Equivalents	15	31	28	21	19	46	24	24	21	27	23
Plant, Property, & Equipment, net	0.00	644	640	631	626	621	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	704	53	53	47	49	51	680	676	693	672	668
Long-Term Investments	41	36	35	33	32	32	31	30	48	45	43
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	18	18	18	18	18
Other Noncurrent Operating Assets	662	17	19	14	17	19	631	628	627	609	607
Total Liabilities & Shareholders' Equity	720	728	721	699	695	718	704	700	714	698	691
Total Liabilities	476	482	484	479	480	508	506	508	528	529	531
Total Current Liabilities	15	22	24	20	22	24	23	25	47	22	24
Short-Term Debt	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	18	0.00	0.00
Accounts Payable	15	22	24	20	22	24	23	25	29	22	24
Total Noncurrent Liabilities	461	461	460	459	458	484	483	482	481	507	507
Long-Term Debt	424	423	423	422	421	447	446	445	444	470	469
Other Noncurrent Operating Liabilities	37	37	37	37	37	37	37	37	37	37	37
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	243	246	237	221	215	210	198	192	187	169	160
Total Preferred & Common Equity	243	246	237	221	215	210	198	192	187	169	160
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	243	246	237	221	215	210	198	192	187	169	160
Common Stock	276	272	269	267	269	271	273	274	276	275	274
Retained Earnings	-33	-27	-33	-47	-54	-61	-75	-82	-89	-106	-114
Noncontrolling Interest	0.02	0.02	0.01	-0.04	-0.06	-0.10	-0.06	-0.07	-0.09	-0.06	-0.08

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	14,101,056.00	13,906,702.00	14,025,031.00	15,754,270.00	16,082,352.00	17,176,401.00	18,236,367.00	-	-	-	19,020,394.00
DEI Adjusted Shares Outstanding	14,101,056.00	13,906,702.00	14,025,031.00	15,754,270.00	16,082,352.00	17,176,401.00	18,236,367.00	-	-	-	19,020,394.00
DEI Earnings Per Adjusted Shares Outstanding	-0.17	2.25	0.97	1.62	0.05	-1.16	1.60	-	-	-	-0.63
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	31.20%	21.48%	7.36%	-78.60%	22.67%	1.23%	14.07%	120.01%	32.74%	2.15%	1.46%
EBITDA Growth	231.37%	151.55%	-13.67%	-93.67%	92.35%	-176.00%	191.41%	79.64%	62.70%	-6.24%	3.20%
EBIT Growth	215.02%	533.23%	-31.94%	-101.83%	413.85%	-699.82%	82.36%	-531.79%	13.58%	11.27%	0.68%
NOPAT Growth	-7.91%	280.41%	-221.12%	81.73%	181.49%	-586.84%	-6.11%	-47.73%	15.52%	30.93%	1.05%
Net Income Growth	90.07%	2,913.58%	-21.10%	-28.08%	-93.39%	-1,265.51%	248.24%	70.79%	-91.96%	-340.00%	-22.21%
EPS Growth	74.24%	1,411.76%	-56.50%	73.20%	-97.02%	-2,420.00%	239.66%	64.20%	-93.99%	-425.00%	-21.15%
Operating Cash Flow Growth	273.88%	19.90%	29.87%	106.26%	-67.97%	0.00%	0.00%	3,020.60%	26.90%	23.14%	-41.61%
Free Cash Flow Firm Growth	129.17%	-470.00%	32.59%	615.63%	-95.67%	-88.46%	-3,986.04%	-145.62%	100.95%	-317.24%	186.31%
Invested Capital Growth	-10.56%	41.68%	17.30%	-83.45%	-20.54%	-10.81%	128.77%	142.14%	-2.63%	-0.16%	-2.56%
Revenue Q/Q Growth	10.34%	3.66%	2.42%	-80.58%	162.13%	0.45%	11.22%	21.39%	0.86%	0.48%	0.33%
EBITDA Q/Q Growth	82.90%	-4.02%	9.67%	-95.32%	211.24%	-270.23%	321.49%	38.14%	6.59%	-3.35%	6.06%
EBIT Q/Q Growth	314.93%	-3.42%	7.82%	-101.09%	-22.51%	-317.24%	74.40%	-17.20%	17.11%	-6.42%	6.24%
NOPAT Q/Q Growth	-101.64%	-10.98%	-26.38%	84.63%	-4.53%	-317.24%	-8.59%	-17.59%	28.05%	-13.87%	0.04%
Net Income Q/Q Growth	89.23%	-5.43%	20.42%	-59.95%	105.47%	-90.54%	7.53%	-5.85%	188.85%	-3.47%	-23.66%
EPS Q/Q Growth	75.00%	-0.89%	19.75%	-25.33%	109.43%	-96.61%	9.46%	-6.99%	220.00%	5.45%	-26.00%
Operating Cash Flow Q/Q Growth	25.78%	205.45%	36.56%	-4.02%	0.34%	0.00%	0.00%	89.76%	-13.51%	17.78%	-44.41%
Free Cash Flow Firm Q/Q Growth	114.62%	-75.43%	37.29%	608.14%	174.55%	-99.59%	-125.32%	16.58%	-90.89%	-176.81%	186.38%
Invested Capital Q/Q Growth	-0.55%	13.02%	-0.06%	-85.59%	-89.03%	-31.88%	14.60%	-6.76%	-0.67%	2.18%	-0.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.46%	51.77%	51.52%	100.00%	100.00%	100.00%	100.00%	34.67%	100.00%	30.83%	100.00%
EBITDA Margin	39.48%	81.74%	65.73%	19.46%	30.51%	-22.91%	18.36%	14.99%	18.37%	16.87%	17.14%
Operating Margin	-7.33%	11.04%	-12.83%	-10.49%	8.08%	-47.90%	-31.41%	-21.28%	-13.51%	-12.87%	-12.56%
EBIT Margin	11.17%	58.21%	36.91%	-3.16%	8.08%	-47.90%	-7.41%	-21.28%	-13.85%	-12.03%	-11.78%
Profit (Net Income) Margin	-1.98%	45.84%	33.68%	113.23%	6.10%	-70.22%	91.24%	70.83%	4.29%	-10.08%	-12.14%
Tax Burden Percent	-17.72%	85.52%	95.81%	99.99%	86.25%	101.27%	99.30%	98.10%	98.67%	97.71%	101.50%
Interest Burden Percent	100.00%	92.07%	95.27%	-3,584.20%	87.48%	144.75%	-1,240.25%	-339.35%	-31.38%	85.71%	101.52%
Effective Tax Rate	0.00%	1.33%	4.19%	0.01%	13.75%	0.00%	0.70%	1.61%	1.33%	0.00%	0.00%
Return on Invested Capital (ROIC)	-1.00%	1.57%	-1.50%	-0.43%	1.39%	-8.08%	-5.53%	-3.43%	-2.08%	-1.45%	-1.46%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.21%	8.45%	5.99%	8.08%	1.79%	6.24%	-416.16%	28.32%	2.48%	-1.72%	-2.28%
Return on Net Nonoperating Assets (RNNOA)	-2.87%	23.39%	17.75%	12.20%	-0.54%	-2.38%	20.90%	25.49%	3.75%	-2.99%	-4.70%
Return on Equity (ROE)	-3.86%	24.96%	16.25%	11.77%	0.85%	-10.46%	15.37%	22.05%	1.68%	-4.45%	-6.16%
Cash Return on Invested Capital (CROIC)	10.15%	-32.92%	-17.42%	142.78%	24.28%	3.34%	-83.86%	-86.52%	0.59%	-1.30%	1.13%
Operating Return on Assets (OROA)	1.16%	6.76%	4.18%	-0.10%	0.59%	-3.56%	-0.58%	-2.52%	-1.80%	-1.62%	-1.61%
Return on Assets (ROA)	-0.21%	5.33%	3.81%	3.75%	0.44%	-5.22%	7.09%	8.38%	0.56%	-1.35%	-1.65%
Return on Common Equity (ROCE)	-11.74%	18.90%	11.76%	9.85%	0.85%	-10.47%	15.37%	22.06%	1.68%	-4.45%	-6.17%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.98%	1.76%	-4.70%	0.00%
Net Operating Profit after Tax (NOPAT)	-5.95	11	-13	-2.37	1.94	-9.42	-10.00	-15	-12	-8.62	-8.53
NOPAT Margin	-7.33%	10.89%	-12.29%	-10.49%	6.97%	-33.53%	-31.19%	-20.94%	-13.33%	-9.01%	-8.79%
Net Nonoperating Expense Percent (NNEP)	-0.78%	-6.87%	-7.49%	-8.52%	-0.40%	-14.32%	410.63%	-31.75%	-4.56%	0.27%	0.83%
Return On Investment Capital (ROIC_SIMPLE)	-0.97%	1.30%	-1.34%	-0.66%	0.58%	-3.06%	-2.48%	-2.19%	-1.92%	-1.32%	-1.32%
Cost of Revenue to Revenue	52.54%	48.23%	48.48%	0.00%	0.00%	0.00%	0.00%	65.33%	0.00%	69.17%	0.00%
SG&A Expenses to Revenue	8.24%	8.66%	8.88%	41.46%	36.35%	41.64%	39.37%	20.78%	16.49%	16.31%	16.01%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	54.79%	40.73%	64.34%	110.49%	91.92%	147.90%	131.41%	55.96%	113.51%	43.70%	112.56%
Earnings before Interest and Taxes (EBIT)	9.06	57	39	-0.72	2.24	-13	-2.38	-15	-13	-12	-11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	32	81	70	4.40	8.47	-6.44	5.89	11	17	16	17
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.50	0.45	0.57	0.62	0.98	1.14	1.76	1.31	1.41	1.63	1.55
Price to Tangible Book Value (P/TBV)	0.50	0.45	0.57	0.62	0.98	1.14	1.76	1.31	1.41	1.63	1.55
Price to Revenue (P/Rev)	0.76	0.69	0.89	5.41	7.07	7.23	11.15	4.65	3.44	3.50	2.83
Price to Earnings (P/E)	0.00	2.18	6.91	4.80	229.42	0.00	12.28	6.58	83.11	0.00	0.00
Dividend Yield	0.00%	0.00%	2.69%	10.30%	6.88%	7.44%	4.59%	5.66%	5.78%	5.62%	6.93%
Earnings Yield	0.00%	45.78%	14.47%	20.83%	0.44%	0.00%	8.14%	15.19%	1.20%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.94	0.90	0.92	0.51	0.97	1.23	1.61	1.13	1.16	1.22	1.17
Enterprise Value to Revenue (EV/Rev)	6.51	7.27	8.19	3.50	4.32	4.82	12.67	9.74	7.33	7.55	6.95
Enterprise Value to EBITDA (EV/EBITDA)	16.49	8.90	12.45	17.97	14.17	0.00	69.01	64.98	39.91	44.74	40.53
Enterprise Value to EBIT (EV/EBIT)	58.30	12.49	22.18	0.00	53.48	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	66.77	0.00	0.00	62.01	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	62.81	71.08	66.13	2.93	13.88	0.00	0.00	44.47	35.02	29.89	47.83
Enterprise Value to Free Cash Flow (EV/FCFF)	8.70	0.00	0.00	0.10	3.55	34.72	0.00	0.00	194.06	0.00	101.65
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.82	3.10	3.10	0.81	0.67	0.73	0.98	1.69	1.85	2.18	2.66
Long-Term Debt to Equity	2.82	3.10	3.10	0.81	0.67	0.73	0.98	1.61	1.85	2.18	2.66
Financial Leverage	13.37	2.77	2.96	1.51	-0.30	-0.38	-0.05	0.90	1.51	1.74	2.06
Leverage Ratio	18.71	4.69	4.26	3.14	1.92	2.00	2.17	2.63	3.01	3.28	3.72
Compound Leverage Factor	18.71	4.31	4.06	-112.63	1.68	2.90	-26.89	-8.93	-0.95	2.82	3.78
Debt to Total Capital	73.80%	75.62%	75.64%	44.73%	40.03%	42.33%	49.62%	62.83%	64.90%	68.54%	72.67%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.82%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	73.80%	75.62%	75.64%	44.73%	40.03%	42.33%	49.62%	60.01%	64.90%	68.54%	72.67%
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%	0.00%
Noncontrolling Interests to Total Capital	6.14%	6.09%	7.28%	0.10%	-0.03%	-0.03%	0.00%	0.00%	0.00%	-0.01%	-0.01%
Common Equity to Total Capital	20.06%	18.29%	17.09%	55.18%	60.00%	57.70%	50.38%	37.17%	35.10%	31.47%	27.34%
Debt to EBITDA	14.09	7.77	10.57	36.52	15.73	-20.26	33.96	39.99	24.56	27.68	28.32
Net Debt to EBITDA	13.40	7.42	10.08	-9.90	-9.00	10.52	8.26	33.96	21.20	24.01	24.04
Long-Term Debt to EBITDA	14.09	7.77	10.57	36.52	15.73	-20.26	33.96	38.19	24.56	27.68	28.32
Debt to NOPAT	-75.85	58.29	-56.54	-67.73	68.83	-13.84	-19.99	-28.63	-33.86	-51.80	-55.24
Net Debt to NOPAT	-72.14	55.70	-53.94	18.36	-39.41	7.19	-4.86	-24.31	-29.23	-44.94	-46.88
Long-Term Debt to NOPAT	-75.85	58.29	-56.54	-67.73	68.83	-13.84	-19.99	-27.34	-33.86	-51.80	-55.24
Altman Z-Score	-0.14	0.32	0.25	0.41	0.62	0.37	0.77	0.36	0.40	0.35	0.20
Noncontrolling Interest Sharing Ratio	-204.03%	24.29%	27.62%	16.32%	0.06%	-0.05%	-0.02%	-0.01%	-0.01%	-0.02%	-0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.14	1.32	0.55	1.67	1.56	1.40	1.99	0.51	1.07	1.12	1.03
Quick Ratio	0.10	1.32	0.55	1.22	1.09	0.97	1.65	0.49	1.07	1.12	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	61	-224	-151	780	34	3.90	-152	-372	3.54	-7.69	6.63
Operating Cash Flow to CapEx	46.97%	9.57%	21.34%	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	-49.36	-103.43	121.17	24.37	0.00	-96.25	-661.35	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	2.22	8.95	4.19	6.24	0.00	-0.34	27.44	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-20.96	-32.98	4.33	30.45	0.00	15.30	35.23	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.10	0.12	0.11	0.03	0.07	0.07	0.08	0.12	0.13	0.13	0.14
Accounts Receivable Turnover	0.00	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	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	2.84	2.68	2.38	0.00	0.00	0.00	0.00	2.18	0.00	2.82	0.00
Days Sales Outstanding (DSO)	0.00	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	0.00
Days Payable Outstanding (DPO)	128.34	136.32	153.26	0.00	0.00	0.00	0.00	167.31	0.00	129.29	0.00
Cash Conversion Cycle (CCC)	-128.34	-136.32	-153.26	0.00	0.00	0.00	0.00	-167.31	0.00	-129.29	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	564	799	938	155	123	110	252	609	593	592	577
Invested Capital Turnover	0.14	0.14	0.12	0.04	0.20	0.24	0.18	0.16	0.16	0.16	0.17
Increase / (Decrease) in Invested Capital	-67	235	138	-783	-32	-13	142	358	-16	-0.93	-15
Enterprise Value (EV)	528	716	866	79	120	135	406	687	687	722	674
Market Capitalization	61	68	94	122	196	203	357	328	322	334	274
Book Value per Share	$8.70	$10.88	$11.84	$12.59	$12.41	$10.35	$11.13	$13.20	$12.29	$10.90	$9.32
Tangible Book Value per Share	$8.70	$10.88	$11.84	$12.59	$12.41	$10.35	$11.13	$13.20	$12.29	$10.90	$9.32
Total Capital	611	827	972	360	333	308	403	673	651	651	648
Total Debt	451	625	735	161	133	130	200	423	422	446	471
Total Long-Term Debt	451	625	735	161	133	130	200	404	422	446	471
Net Debt	429	598	701	-44	-76	-68	49	359	365	387	400
Capital Expenditures (CapEx)	18	105	61	-0.86	-34	0.00	-25	-4.39	-0.71	-0.95	-0.91
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-153	-21	-22	-15	-21	-21	-20	-23	-22	-25	-24
Debt-free Net Working Capital (DFNWC)	-131	6.68	-9.97	9.96	12	8.15	19	-1.48	1.56	2.94	0.79
Net Working Capital (NWC)	-131	6.68	-9.97	9.96	12	8.15	19	-20	1.56	2.94	0.79
Net Nonoperating Expense (NNE)	-4.34	-34	-49	-28	0.24	10	-39	-65	-16	1.02	3.25
Net Nonoperating Obligations (NNO)	404	598	701	-44	-76	-68	49	359	365	387	400
Total Depreciation and Amortization (D&A)	23	23	30	5.12	6.23	7.02	8.26	26	30	28	28
Debt-free, Cash-free Net Working Capital to Revenue	-189.04%	-21.03%	-21.13%	-65.89%	-74.82%	-73.08%	-61.16%	-32.09%	-23.44%	-26.05%	-25.09%
Debt-free Net Working Capital to Revenue	-161.82%	6.78%	-9.42%	44.01%	41.95%	29.00%	60.25%	-2.10%	1.67%	3.08%	0.82%
Net Working Capital to Revenue	-161.82%	6.78%	-9.42%	44.01%	41.95%	29.00%	60.25%	-29.04%	1.67%	3.08%	0.82%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.17)	$2.23	$0.97	$1.63	$0.00	($1.16)	$1.63	$0.00	$0.16	($0.52)	($0.63)
Adjusted Weighted Average Basic Shares Outstanding	14.10M	13.90M	13.99M	14.58M	0.00	17.12M	17.02M	0.00	17.92M	17.75M	18.01M
Adjusted Diluted Earnings per Share	($0.17)	$2.23	$0.97	$1.61	$0.00	($1.16)	$1.62	$0.00	$0.16	($0.52)	($0.63)
Adjusted Weighted Average Diluted Shares Outstanding	14.10M	13.90M	14.02M	14.78M	0.00	17.12M	17.08M	0.00	17.95M	17.75M	18.01M
Adjusted Basic & Diluted Earnings per Share	($0.17)	$2.23	$0.97	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	14.13M	14.02M	14.02M	15.75M	0.00	17.33M	18.53M	0.00	18.58M	18.93M	18.98M
Normalized Net Operating Profit after Tax (NOPAT)	-4.16	-4.53	-13	-2.37	-7.22	-6.87	-9.48	-15	-14	-8.62	-8.75
Normalized NOPAT Margin	-5.13%	-4.60%	-12.29%	-10.49%	-26.02%	-24.46%	-29.58%	-20.94%	-15.05%	-9.01%	-9.02%
Pre Tax Income Margin	11.17%	53.60%	35.16%	113.24%	7.07%	-69.33%	91.89%	72.20%	4.35%	-10.31%	-11.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	12.61	26.68	-0.11	1.62	0.00	-1.51	-26.65	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	2.36	-8.88	-0.37	1.40	0.00	-6.35	-26.23	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	-10.56	-15.25	0.02	25.83	0.00	14.13	-18.86	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-20.81	-50.81	-0.24	25.61	0.00	9.29	-18.44	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-784.30%	72.69%	94.75%	47.59%	869.76%	-77.20%	54.12%	36.07%	474.42%	-195.45%	-161.78%
Augmented Payout Ratio	-935.20%	77.37%	95.29%	48.22%	872.47%	-80.33%	54.12%	36.07%	833.05%	-231.72%	-204.13%

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	18,929,742.00	18,902,799.00	18,902,799.00	19,020,394.00	18,983,013.00	18,822,320.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	18,929,742.00	18,902,799.00	18,902,799.00	19,020,394.00	18,983,013.00	18,822,320.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-0.12	-0.14	-0.14	-0.23	-0.14	-0.17
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.51%	2.02%	2.33%	2.28%	1.96%	3.00%	1.40%	0.16%	1.34%	2.07%	1.14%
EBITDA Growth	39.54%	-1.47%	-8.71%	-8.69%	-27.89%	18.05%	2.04%	7.41%	5.82%	9.96%	-7.43%
EBIT Growth	61.01%	31.56%	29.50%	-41.73%	-78.25%	16.89%	0.04%	8.96%	0.15%	12.34%	-13.79%
NOPAT Growth	61.01%	31.56%	50.42%	-41.73%	-78.25%	16.89%	0.04%	-17.57%	0.15%	12.34%	-13.79%
Net Income Growth	60.68%	22.80%	-120.55%	-48.42%	-18.99%	26.40%	-9.27%	-23.12%	-111.31%	-14.47%	-26.08%
EPS Growth	45.83%	19.05%	-122.41%	-50.00%	23.08%	29.41%	-7.69%	-16.67%	-130.00%	-16.67%	0.00%
Operating Cash Flow Growth	-43.76%	209.48%	13.14%	-3.81%	92.56%	-62.33%	22.14%	0.96%	-148.54%	747.97%	-25.27%
Free Cash Flow Firm Growth	104.06%	105.87%	109.44%	-71.56%	-109.94%	-113.26%	-103.20%	-109.56%	975.50%	860.57%	3,608.02%
Invested Capital Growth	-2.63%	-3.55%	-2.90%	-2.94%	-0.16%	0.11%	-0.25%	-0.15%	-2.56%	-3.60%	-3.37%
Revenue Q/Q Growth	-1.44%	-0.45%	1.96%	2.24%	-1.75%	0.57%	0.38%	0.98%	-0.59%	1.29%	-0.53%
EBITDA Q/Q Growth	-1.31%	-27.21%	3.85%	22.41%	-22.06%	19.45%	-2.17%	5.34%	-15.72%	24.13%	-15.68%
EBIT Q/Q Growth	4.53%	-71.41%	15.92%	-3.00%	-20.06%	20.08%	-3.72%	6.19%	-31.69%	29.84%	-31.29%
NOPAT Q/Q Growth	4.53%	-71.41%	15.92%	-3.00%	-20.06%	20.08%	-3.72%	-21.14%	-1.97%	29.84%	-31.29%
Net Income Q/Q Growth	-16.51%	-84.36%	26.37%	6.15%	6.60%	-14.03%	-9.32%	-5.75%	-60.31%	38.23%	-20.40%
EPS Q/Q Growth	-62.50%	-30.77%	23.53%	7.69%	16.67%	-20.00%	-16.67%	0.00%	-64.29%	39.13%	0.00%
Operating Cash Flow Q/Q Growth	-57.77%	-83.41%	962.94%	29.20%	-15.47%	-96.76%	3,346.34%	6.79%	-140.65%	156.68%	203.74%
Free Cash Flow Firm Q/Q Growth	-73.22%	31.97%	-19.81%	0.34%	-109.36%	-76.00%	80.26%	-199.40%	957.68%	52.90%	-10.65%
Invested Capital Q/Q Growth	-0.67%	-0.82%	-0.59%	-0.90%	2.18%	-0.55%	-0.94%	-0.80%	-0.29%	-1.62%	-0.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	30.60%	-105.34%	100.00%	100.00%	29.51%	170.91%	100.00%	100.00%
EBITDA Margin	20.82%	15.22%	15.51%	18.56%	14.73%	17.45%	17.35%	18.09%	15.34%	18.80%	15.94%
Operating Margin	-8.15%	-14.04%	-11.58%	-11.67%	-14.26%	-11.33%	-11.41%	-13.69%	-14.05%	-9.73%	-12.84%
EBIT Margin	-8.15%	-14.04%	-11.58%	-11.67%	-14.26%	-11.33%	-11.41%	-10.60%	-14.05%	-9.73%	-12.84%
Profit (Net Income) Margin	-7.24%	-13.40%	-9.68%	-8.88%	-8.44%	-9.57%	-10.43%	-10.92%	-17.61%	-10.74%	-13.00%
Tax Burden Percent	102.97%	102.55%	97.26%	87.48%	103.64%	102.58%	102.44%	100.08%	101.28%	102.96%	101.18%
Interest Burden Percent	86.18%	93.06%	85.92%	87.03%	57.16%	82.39%	89.17%	102.89%	123.77%	107.18%	100.03%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-0.89%	-1.54%	-1.29%	-1.32%	-1.61%	-1.30%	-1.32%	-1.60%	-1.63%	-1.15%	-1.53%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.99%	-1.77%	-1.40%	-1.37%	-1.51%	-1.40%	-1.48%	-1.69%	-2.11%	-1.39%	-1.78%
Return on Net Nonoperating Assets (RNNOA)	-1.49%	-2.80%	-2.20%	-2.24%	-2.62%	-2.54%	-2.77%	-3.24%	-4.35%	-2.99%	-4.01%
Return on Equity (ROE)	-2.38%	-4.35%	-3.49%	-3.56%	-4.23%	-3.84%	-4.09%	-4.84%	-5.98%	-4.14%	-5.55%
Cash Return on Invested Capital (CROIC)	0.59%	1.78%	1.77%	1.70%	-1.30%	-1.51%	-1.15%	-1.33%	1.13%	2.23%	1.93%
Operating Return on Assets (OROA)	-1.06%	-1.86%	-1.54%	-1.54%	-1.92%	-1.56%	-1.58%	-1.43%	-1.92%	-1.35%	-1.81%
Return on Assets (ROA)	-0.94%	-1.78%	-1.29%	-1.18%	-1.13%	-1.31%	-1.45%	-1.47%	-2.40%	-1.49%	-1.83%
Return on Common Equity (ROCE)	-2.38%	-4.35%	-3.49%	-3.56%	-4.24%	-3.84%	-4.09%	-4.84%	-5.98%	-4.14%	-5.55%
Return on Equity Simple (ROE_SIMPLE)	0.00%	2.24%	-4.01%	-4.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-1.34	-2.30	-1.93	-1.99	-2.39	-1.91	-1.93	-2.34	-2.39	-1.68	-2.20
NOPAT Margin	-5.71%	-9.83%	-8.11%	-8.17%	-9.98%	-7.93%	-7.99%	-9.59%	-9.83%	-6.81%	-8.99%
Net Nonoperating Expense Percent (NNEP)	0.10%	0.23%	0.10%	0.05%	-0.10%	0.10%	0.15%	0.09%	0.48%	0.24%	0.25%
Return On Investment Capital (ROIC_SIMPLE)	-0.21%	-0.36%	-0.30%	-0.30%	-0.37%	-0.30%	-0.30%	-0.36%	-0.37%	-0.26%	-0.35%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	69.40%	205.34%	0.00%	0.00%	70.49%	-70.91%	0.00%	0.00%
SG&A Expenses to Revenue	14.94%	17.74%	15.98%	15.62%	15.93%	16.88%	15.47%	16.11%	15.56%	15.72%	14.44%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	108.15%	114.04%	111.58%	42.26%	-91.09%	111.05%	111.41%	43.20%	184.95%	109.18%	112.84%
Earnings before Interest and Taxes (EBIT)	-1.92	-3.29	-2.76	-2.85	-3.42	-2.73	-2.76	-2.59	-3.41	-2.39	-3.14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.90	3.56	3.70	4.53	3.53	4.21	4.20	4.42	3.73	4.63	3.90
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.41	1.34	1.45	1.53	1.63	1.52	1.52	1.59	1.55	1.50	1.80
Price to Tangible Book Value (P/TBV)	1.41	1.34	1.45	1.53	1.63	1.52	1.52	1.59	1.55	1.50	1.80
Price to Revenue (P/Rev)	3.44	3.14	3.30	3.37	3.50	3.13	3.01	3.06	2.83	2.60	2.96
Price to Earnings (P/E)	83.11	61.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	5.78%	6.30%	5.97%	5.85%	5.62%	6.29%	6.49%	6.39%	6.93%	7.50%	6.51%
Earnings Yield	1.20%	1.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.16	1.13	1.17	1.19	1.22	1.17	1.17	1.19	1.17	1.15	1.23
Enterprise Value to Revenue (EV/Rev)	7.33	7.04	7.21	7.25	7.55	7.18	7.06	7.11	6.95	6.68	7.08
Enterprise Value to EBITDA (EV/EBITDA)	39.91	37.94	39.86	41.37	44.74	43.34	42.30	43.87	40.53	39.99	43.33
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	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	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	35.02	33.06	32.72	33.68	29.89	29.13	27.00	27.13	47.83	40.89	50.20
Enterprise Value to Free Cash Flow (EV/FCFF)	194.06	62.17	65.10	69.00	0.00	0.00	0.00	0.00	101.65	50.47	62.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.85	1.91	1.96	2.13	2.18	2.25	2.32	2.47	2.66	2.78	2.93
Long-Term Debt to Equity	1.85	1.91	1.96	2.13	2.18	2.25	2.32	2.38	2.66	2.78	2.93
Financial Leverage	1.51	1.58	1.58	1.63	1.74	1.81	1.87	1.92	2.06	2.15	2.25
Leverage Ratio	3.01	3.06	3.09	3.22	3.28	3.35	3.43	3.61	3.72	3.82	3.95
Compound Leverage Factor	2.60	2.85	2.65	2.80	1.88	2.76	3.06	3.72	4.61	4.09	3.95
Debt to Total Capital	64.90%	65.66%	66.24%	68.07%	68.54%	69.20%	69.85%	71.19%	72.67%	73.54%	74.53%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.70%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	64.90%	65.66%	66.24%	68.07%	68.54%	69.20%	69.85%	68.49%	72.67%	73.54%	74.53%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-0.01%	-0.01%	-0.02%	-0.01%	-0.01%	-0.01%	-0.01%	-0.01%	-0.01%	-0.01%
Common Equity to Total Capital	35.10%	34.35%	33.77%	31.95%	31.47%	30.81%	30.16%	28.82%	27.34%	26.47%	25.48%
Debt to EBITDA	24.56	24.14	24.61	26.80	27.68	27.93	27.58	29.41	28.32	28.85	29.36
Net Debt to EBITDA	21.20	21.04	21.62	22.16	24.01	24.47	24.26	25.00	24.04	24.45	25.23
Long-Term Debt to EBITDA	24.56	24.14	24.61	26.80	27.68	27.93	27.58	28.30	28.32	28.85	29.36
Debt to NOPAT	-33.86	-38.33	-60.34	-59.08	-51.80	-54.16	-54.39	-54.07	-55.24	-56.70	-54.84
Net Debt to NOPAT	-29.23	-33.40	-53.01	-48.86	-44.94	-47.45	-47.83	-45.95	-46.88	-48.06	-47.12
Long-Term Debt to NOPAT	-33.86	-38.33	-60.34	-59.08	-51.80	-54.16	-54.39	-52.02	-55.24	-56.70	-54.84
Altman Z-Score	0.45	0.40	0.40	0.42	0.39	0.34	0.30	0.24	0.24	0.21	0.22
Noncontrolling Interest Sharing Ratio	-0.01%	0.00%	-0.01%	-0.02%	-0.02%	-0.02%	-0.03%	-0.05%	-0.03%	-0.03%	-0.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.07	1.07	0.88	1.94	1.12	1.08	0.93	0.45	1.03	1.23	0.94
Quick Ratio	1.07	1.07	0.88	1.94	1.12	1.08	0.93	0.45	1.03	1.23	0.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	15	19	16	16	-1.46	-2.57	-0.50	-1.49	13	20	17
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%	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	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	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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.13	0.13	0.13	0.13	0.13	0.14	0.14	0.14	0.14	0.14	0.14
Accounts Receivable Turnover	0.00	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	0.00
Fixed Asset Turnover	0.00	0.00	0.15	0.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.71	2.82	0.00	1.43	1.29	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	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	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	516.73	129.29	0.00	254.45	282.92	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	-516.73	-129.29	0.00	-254.45	-282.92	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	593	588	585	580	592	589	583	579	577	568	564
Invested Capital Turnover	0.16	0.16	0.16	0.16	0.16	0.16	0.17	0.17	0.17	0.17	0.17
Increase / (Decrease) in Invested Capital	-16	-22	-17	-18	-0.93	0.66	-1.44	-0.85	-15	-21	-20
Enterprise Value (EV)	687	663	682	690	722	692	682	688	674	652	693
Market Capitalization	322	295	312	321	334	301	291	296	274	253	289
Book Value per Share	$12.29	$11.87	$11.52	$11.18	$10.90	$10.48	$10.16	$9.88	$9.32	$8.91	$8.53
Tangible Book Value per Share	$12.29	$11.87	$11.52	$11.18	$10.90	$10.48	$10.16	$9.88	$9.32	$8.91	$8.53
Total Capital	651	642	636	657	651	644	637	648	648	639	630
Total Debt	422	422	421	447	446	446	445	461	471	470	469
Total Long-Term Debt	422	422	421	447	446	446	445	444	471	470	469
Net Debt	365	368	370	370	387	391	391	392	400	399	403
Capital Expenditures (CapEx)	0.00	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)	-22	-20	-22	-24	-25	-23	-25	-29	-24	-22	-24
Debt-free Net Working Capital (DFNWC)	1.56	1.36	-2.69	22	2.94	1.72	-1.71	-7.93	0.79	5.03	-1.51
Net Working Capital (NWC)	1.56	1.36	-2.69	22	2.94	1.72	-1.71	-25	0.79	5.03	-1.51
Net Nonoperating Expense (NNE)	0.36	0.84	0.37	0.17	-0.37	0.40	0.59	0.33	1.89	0.97	0.98
Net Nonoperating Obligations (NNO)	365	368	370	370	387	391	391	392	400	399	403
Total Depreciation and Amortization (D&A)	6.81	6.85	6.46	7.38	6.95	6.94	6.96	7.01	7.14	7.02	7.04
Debt-free, Cash-free Net Working Capital to Revenue	-23.44%	-21.14%	-22.87%	-24.87%	-26.05%	-23.51%	-26.23%	-30.02%	-25.09%	-22.42%	-24.78%
Debt-free Net Working Capital to Revenue	1.67%	1.45%	-2.84%	23.26%	3.08%	1.79%	-1.77%	-8.20%	0.82%	5.16%	-1.55%
Net Working Capital to Revenue	1.67%	1.45%	-2.84%	23.26%	3.08%	1.79%	-1.77%	-26.29%	0.82%	5.16%	-1.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.14)	($0.17)	($0.13)	($0.12)	($0.10)	($0.12)	($0.14)	($0.14)	($0.23)	($0.14)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	17.92M	17.63M	17.74M	17.80M	17.75M	17.99M	17.99M	18.03M	18.01M	18.06M	17.98M
Adjusted Diluted Earnings per Share	($0.13)	($0.17)	($0.13)	($0.12)	($0.10)	($0.12)	($0.14)	($0.14)	($0.23)	($0.14)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	17.95M	17.63M	17.74M	17.80M	17.75M	17.99M	17.99M	18.03M	18.01M	18.06M	17.98M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	18.58M	18.64M	18.77M	18.81M	18.93M	18.90M	18.90M	19.02M	18.98M	18.82M	18.79M
Normalized Net Operating Profit after Tax (NOPAT)	-1.56	-2.30	-1.93	-1.99	-2.39	-1.96	-2.07	-2.34	-2.39	-1.77	-2.20
Normalized NOPAT Margin	-6.65%	-9.83%	-8.11%	-8.17%	-9.98%	-8.13%	-8.54%	-9.59%	-9.83%	-7.20%	-8.99%
Pre Tax Income Margin	-7.03%	-13.07%	-9.95%	-10.15%	-8.15%	-9.33%	-10.18%	-10.91%	-17.39%	-10.43%	-12.85%
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	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	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	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	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	474.42%	287.61%	-219.38%	-202.53%	-195.45%	-214.59%	-210.27%	-199.54%	-161.78%	-126.71%	-120.00%
Augmented Payout Ratio	833.05%	624.91%	-356.03%	-276.89%	-231.72%	-244.22%	-240.02%	-226.51%	-204.13%	-177.22%	-182.72%

Financials Breakdown Chart

Key Financial Trends

BRT Apartments’ latest statements show improving operating cash generation compared with early 2025, but profitability remains negative and leverage has increased. Operating revenue rose to $24.5 million in Q2 2026 from $24.2 million in Q2 2025 and $23.9 million in Q2 2024. The increase is steady but modest, representing roughly 5% growth from Q2 2023.

The company continues to report quarterly net losses. Net loss attributable to common shareholders was $3.2 million in Q2 2026, compared with a $2.7 million loss in Q2 2025 and a $2.7 million loss in Q3 2025. BRT has generally remained unprofitable in the supplied 2024-2026 quarters, aside from the unusual $11.2 million profit reported in Q2 2023, which was driven largely by $15.2 million of interest and investment income.

Cash flow provides some support. Operating cash flow was $6.3 million in Q2 2026, up sharply from $2.1 million in Q1 2026 but down from $8.5 million in Q2 2025. Depreciation and amortization remain significant noncash additions, helping operating cash flow stay positive despite reported net losses.

Revenue has followed a gradual upward trend: Q2 operating revenue increased from $23.3 million in 2023 to $24.5 million in 2026.
Operating cash flow remains positive: BRT generated $6.3 million in Q2 2026 and $8.4 million during the first half of 2026, providing cash support for dividends and debt service.
SG&A expense improved year over year: Selling, general and administrative expense declined to $3.5 million in Q2 2026 from $3.7 million in Q2 2025 and $3.9 million in Q1 2026.
Debt repayment has continued: BRT repaid $1.2 million of debt in Q2 2026 and $2.4 million during the first half, following substantially larger repayments in 2025.
Investment activity is helping liquidity: The company sold or received maturities from $1.5 million of investments in Q2 2026, while long-term investments stood at $43.3 million at quarter-end.
Share repurchases continued: BRT repurchased $2.9 million of common equity in Q2 2026 and $5.4 million during the first half, which may support per-share value but also uses cash while the company is reporting losses.
Net losses remain persistent: BRT posted a $3.2 million loss attributable to common shareholders in Q2 2026, with negative earnings continuing across most recent quarters.
Cash declined during the first half of 2026: Cash and equivalents fell from $26.9 million at March 31 to $22.7 million at June 30, while the company reported a $1.9 million net decrease in cash during Q2.
Leverage has increased over the longer trend: Long-term debt rose from $423.4 million in Q2 2023 to $469.4 million in Q2 2026. At the latest quarter, total liabilities represented approximately 77% of total assets.
Dividend and interest demands are substantial: BRT paid $4.8 million in dividends and $5.6 million of cash interest in Q2 2026. Together, those payments were greater than quarterly operating cash flow, limiting financial flexibility.

BRT’s balance sheet also shows declining equity. Total equity and noncontrolling interests fell from $245.7 million in Q2 2023 to $160.4 million in Q2 2026, while retained earnings deteriorated to a deficit of $113.7 million. Investors should therefore weigh the company’s recurring cash generation and continued dividend policy against persistent accounting losses, declining cash, and a heavier debt burden.

10/10/26 04:23 AM ETAI Generated. May Contain Errors.

BRT Apartments Financials - Frequently Asked Questions

According to the most recent income statement we have on file, BRT Apartments' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

BRT Apartments' net income appears to be on a downward trend, with a most recent value of -$11.78 million in 2025, falling from -$1.61 million in 2015. The previous period was -$9.64 million in 2024. View BRT Apartments' forecast to see where analysts expect BRT Apartments to go next.

BRT Apartments' total operating income in 2025 was -$12.18 million, based on the following breakdown:

Total Gross Profit: $97.03 million
Total Operating Expenses: $109.21 million

Over the last 10 years, BRT Apartments' total revenue changed from $81.10 million in 2015 to $97.03 million in 2025, a change of 19.6%.

In the past 13 quarters, BRT Apartments' cash and equivalents has ranged from $15.25 million in Q1 2023 to $45.80 million in Q3 2024, and is currently $22.72 million as of their latest financial filing in Q2 2026.

BRT Apartments had total debt of $471.08 million at the end of 2025, a 5.5% increase from 2024, and a 4.4% increase since 2015.

Over the last 10 years, BRT Apartments' book value per share changed from 8.70 in 2015 to 9.32 in 2025, a change of 7.1%.

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Financial statements for NYSE:BRT last updated on 8/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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BRT Apartments (BRT) Financials

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BRT Apartments (BRT) Financials

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