📊 BRT Key Takeaways
Investment Thesis
BRT Apartments is experiencing significant operational challenges with negative net income (-$11.9M) and operating margins (-12.9%), indicating the company is burning cash at the operating level despite positive operating cash flow. The heavily leveraged capital structure (3.52x debt-to-equity) combined with deteriorating profitability creates substantial financial stress, though modest revenue growth (+1.5%) and positive free cash flow provide limited cushion.
BRT Strengths
- Positive free cash flow of $14.1M with 14.5% FCF margin provides near-term liquidity buffer
- Modest revenue growth of 1.5% YoY shows stable rental demand despite profitability challenges
- Operating cash flow of $14.1M exceeds net income loss, indicating non-cash charges are significant portion of losses
BRT Risks
- Negative net income and operating margins indicate the business is unprofitable at core operational level
- Excessive leverage with 3.52x debt-to-equity ratio and $623.1M long-term debt against only $177.2M equity creates default risk
- Deteriorating earnings with net income down 5.2% YoY and diluted EPS declining 21.2% YoY signals worsening operational trends
- Limited cash reserves of only $25.1M relative to debt obligations and negative earnings
Key Metrics to Watch
- Operating cash flow sustainability and trend toward positive operating income
- Debt refinancing needs and interest coverage stabilization
- Occupancy rates and rental rate trends in apartment portfolio
- Capital expenditure requirements and maintenance needs for aging properties
BRT Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
BRT Profitability Ratios
BRT vs Default Sector
How BRT Apartments Corp. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BRT Balance Sheet & Liquidity
BRT 5-Year Financial Trend
5-Year Trend Summary: BRT Apartments Corp.'s revenue has grown significantly by 203% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.52 indicates the company is currently unprofitable.
BRT Growth Metrics (YoY)
BRT Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $24.4M | -$2.2M | $-0.12 |
| Q2 2025 | $23.9M | -$2.3M | $-0.13 |
| Q1 2025 | $23.4M | -$2.4M | $-0.12 |
| Q3 2024 | $23.9M | -$1.5M | $-0.08 |
| Q2 2024 | $23.3M | -$2.3M | $-0.13 |
| Q1 2024 | $22.9M | -$3.2M | $-0.17 |
| Q3 2023 | $21.7M | -$1.5M | $-0.08 |
| Q2 2023 | $14.7M | $7.1M | $0.37 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BRT Capital Allocation
BRT SEC Filings
Access official SEC EDGAR filings for BRT Apartments Corp. (CIK: 0000014846)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BRT
What is the AI rating for BRT?
BRT Apartments Corp. (BRT) has an AI rating of SELL with 75% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BRT's key strengths?
Positive free cash flow of $14.1M with 14.5% FCF margin provides near-term liquidity buffer. Modest revenue growth of 1.5% YoY shows stable rental demand despite profitability challenges.
What are the risks of investing in BRT?
Negative net income and operating margins indicate the business is unprofitable at core operational level. Excessive leverage with 3.52x debt-to-equity ratio and $623.1M long-term debt against only $177.2M equity creates default risk.
What is BRT's revenue and growth?
BRT Apartments Corp. reported revenue of $97.0M.
Does BRT pay dividends?
BRT Apartments Corp. pays dividends, with $18.9M distributed to shareholders in the trailing twelve months.
Where can I find BRT SEC filings?
Official SEC filings for BRT Apartments Corp. (CIK: 0000014846) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BRT's EPS?
BRT Apartments Corp. has a diluted EPS of $-0.63.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.