Friday 6 November 2026
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BRT Apartments Corp.
BRT Real Estate Reit Residential
BRT Apartments Corp.’s revenue for fiscal 2025 (year ended December 2025) was $97.0 million, up 1.46% from fiscal 2024.
- Revenue
- +1.23%
- EPS
- −35.7%
- Free cash flow
- +5.58%
- Total debt
- +7.44%
Quarter to September 2026, against a year earlier
12.80
0.33
−2.51%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 94 | 105 | 23 | 28 | 28 | 32 | 71 | 94 | 96 | 97 | 98 | +0.3% | 98 | 106 | 108 | +3.7% | |
| Gross margin, % | 0.00 | 0.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | +100.0 pt | ||||||
| EBT | 33 | 37 | 26 | 2 | (19) | 29 | 51 | 4 | (10) | (12) | (14) | n/m | ||||||
| EBT margin, % | 35.25 | 35.29 | 109.38 | 7.07 | (69.33) | 91.89 | 72.20 | 4.35 | (10.31) | (11.96) | (14.06) | (47.2) pt | ||||||
| Net income | 34 | 14 | 26 | 2 | (20) | 29 | 50 | 4 | (10) | (12) | (14) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 6.71 | 7.53 | 1.56 | 1.74 | 1.64 | 1.88 | 3.96 | 5.22 | 5.39 | 5.39 | 5.45 | (2.4%) | |||||
| Earnings | 2.23 | 0.97 | 1.63 | 0.05 | (1.16) | 1.63 | 2.67 | 0.16 | (0.52) | (0.63) | (0.70) | n/m | ||||||
| Cash flow | 0.72 | 0.97 | 1.80 | 0.54 | (0.10) | (0.03) | 0.87 | 1.09 | 1.36 | 0.78 | 0.74 | +0.9% | ||||||
| Capex | 0.00 | 0.00 | 0.02 | 2.00 | (0.05) | 1.37 | (0.11) | (0.50) | (0.29) | (0.36) | 0.00 | n/m | ||||||
| Free cash flow | 0.72 | 0.97 | 1.82 | 2.55 | (0.15) | 1.34 | 0.76 | 0.60 | 1.07 | 0.42 | 0.74 | (5.8%) | ||||||
| Book value | 10.79 | 11.86 | 13.57 | 12.50 | 10.38 | 11.93 | 14.05 | 12.75 | 11.54 | 9.84 | 8.33 | (1.0%) | ||||||
| Shares, m | 14 | 14 | 15 | 16 | 17 | 17 | 18 | 18 | 18 | 18 | 18 | +2.8% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 2.64 | 11.18 | 6.54 | 357.26 | 0.00 | 15.09 | 7.09 | 100.05 | 0.00 | 0.00 | 0.00 | 50.0 | |||||
| P/S | 1.17 | 1.54 | 1.47 | 9.89 | 9.26 | 12.74 | 4.86 | 3.64 | 3.35 | 2.73 | 2.35 | 5.1 | ||||||
| P/B | 0.52 | 0.67 | 0.88 | 1.38 | 1.46 | 2.01 | 1.37 | 1.49 | 1.56 | 1.49 | 1.54 | 1.3 | ||||||
| EV/Sales | 6.79 | 8.42 | 2.64 | 14.86 | 14.20 | 18.91 | 10.82 | 8.29 | 8.08 | 7.68 | 7.36 | 10.1 | ||||||
| EV/FCF | 18.19 | 25.43 | 6.78 | 10.14 | (151.02) | 26.60 | 56.34 | 72.70 | 40.78 | 98.62 | 94.60 | 20.5 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 10 | 14 | 27 | 9 | (2) | (1) | 15 | 20 | 24 | 14 | 13 | +3.8% | |||||
| Capex | (47) | (9) | 0 | 32 | (1) | 23 | (2) | (9) | (5) | (7) | (6) | (19.6%) | ||||||
| Free cash flow | 10 | 14 | 27 | 41 | (3) | 23 | 14 | 11 | 19 | 8 | 13 | (3.1%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 34 | 2 | 20 | 16 | 8 | 19 | (1) | 2 | 24 | 21 | (28) | (5.1%) | |||||
| Net debt | 541 | 625 | 143 | 138 | 139 | 198 | 420 | 435 | 453 | 481 | 492 | (1.3%) | ||||||
| Shareholders’ equity | 151 | 166 | 204 | 200 | 178 | 203 | 250 | 228 | 205 | 177 | 150 | +1.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 1.81 | 1.37 | 3.29 | 0.22 | (5.25) | 7.06 | 8.38 | 0.54 | (1.38) | (1.68) | (2.01) | (3.5) pt | |||||
| ROIC | 0.00 | 0.00 | (0.28) | (0.11) | (0.54) | (0.43) | 0.05 | 0.74 | 0.98 | 1.05 | 1.18 | +1.1 pt | ||||||
| ROE | 8.97 | 6.75 | 10.19 | 0.42 | (10.53) | 15.30 | 22.05 | 1.62 | (4.52) | (6.25) | (8.43) | (15.2) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 12 | 12 | 13 | 13 | 13 | 9 | 10 | 10 | 8 | 12 | — | 0.0% | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 2.14 | 2.16 | 3.56 | 7.05 | 9.36 | 11.95 | 8.09 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
BRT Apartments Corp. vs peers in Reit Residential (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| IRT Independence Realty Trust, Inc. | $3.7B | 57.9× | 92.2× | +2.97% (above 0%: growing) | +264.00% (above 0%: growing) | +235.79% (above 0%: growing) | 58.16% | 16.71% | Compare |
| UMH UMH Properties, Inc. | $1.3B | 143× | 99.7× | +10.78% (above 0%: growing) | −27.40% (below 0%: shrinking) | +16.10% (above 0%: growing) | 53.76% | 18.37% | Compare |
| CSR Centerspace | $1.0B | 8.8× | — (loss-making) | −16.64% (below 0%: shrinking) | +165.61% (above 0%: growing) | +226.92% (above 0%: growing) | 86.32% | 254.51% | Compare |
| NXRT NexPoint Residential Trust, Inc. | $435.3M | — (loss-making) | — (loss-making) | +2.61% (above 0%: growing) | n/m | +25.98% (above 0%: growing) | 60.54% | 9.87% | Compare |
| BSRT BSR Real Estate Investment Trust | $402.9M | — | — | — | — | — | — | — | Compare |
| BRT BRT Apartments Corp. | $239.6M | — (loss-making) | — (loss-making) | +1.23% (above 0%: growing) | n/m | +5.58% (above 0%: growing) | 100.00% | 11.79% | |
| AIV Apartment Investment and Management Company | $229.5M | 0.4× | — (loss-making) | +3,292.65% (above 0%: growing) | n/m | +226.39% (above 0%: growing) | (20.10%) | (337.31%) | Compare |
| BHM Bluerock Homes Trust, Inc. | $80.4M | — (loss-making) | — | +15.03% (above 0%: growing) | n/m | +51.15% (above 0%: growing) | 100.00% | (28.96%) | Compare |
| CLPR Clipper Realty Inc. | $53.3M | — (loss-making) | — (loss-making) | +7.39% (above 0%: growing) | n/m | −6.27% (below 0%: shrinking) | 0.00% | 24.41% | Compare |
| Median of peers | $419.1M | 33.4× | — | +7.39% | +165.61% | +51.15% | 58.16% | 16.71% |
Pay and ownership Proxy statement filed 20 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 1.91m | 1.67m | 89.19 |
| 2024 | 1.93m | 1.69m | 102.70 |
| 2023 | 1.88m | 1.32m | 99.93 |
Ownership
Directors and executive officers, together
42.20%
Jeffrey A. Gould
24.60%
Matthew J. Gould
24.60%
Gould Investors L.P
21.50%
BlackRock, Inc.
5.40%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement