BRT Apartments Corp.

Symbol: BRT
CIK: 14846
Exchange: NYSE
Founded: 1972 (47 years)
HQ: Great Neck, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Residential

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See BRT on SEC.gov

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Overall Score: 6.7

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. Learn More


BRT Apartments Corp. Company Logo

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Hightlights of Trading Day October 18, 2019


Open Price: $16.12
Closing Price: $16.19
Price Change: -0.01 (-0.062%)
Lowest Price: $16.032
Highest Price: $16.39

52-Week Low: $10.91
52-Week High: $16.79
52-Week Change: 41.03%

5 Day Price Change: 6.65%
1 Month Price Change: 8.14%
3 Month Price Change: 20.45%
6 Month Price Change: 16.72%
YTD Price Change: 39.78%
1 Year Price Change: 41.12%
2 Year Price Change: 59.61%
5 Year Price Change: 122.53%

Dividend of Trading Day October 18, 2019


Dividend Yield: 5.435%*
Annualized Dividend: $0.88*
Dividend Yield (TTM): 4.941%
Annualized Dividend (TTM): $0.8
Ex Dividend Date: 2019-09-24
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Funds From Operations (FFO)


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Key Stats of Trading Day October 18, 2019


Total Cash: $34,046,000
Current Debt: $68,902,000
Revenue: $119,706,000
Gross Profit: $23,537,000
Total Revenue: $119,706,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $52,831,000
Revenue Per Share: $8
Revenue Per Employee: $9,208,154
Employee: 13
Debt to Equity Ratio (D/E): 4.19
Profit Margin: 0.20%
Enterprise Value (EV): $1,036,899,430
Enterprise Value to Revenue (EV/R): 8.66
Price to Sales (P/S): 2.02
Price to Book (P/B): 1.22
Peg Ratio: 0.12
P/E Ratio: -15.16
P/E High: -51.90
P/E Low: -37.62
Forward P/E Ratio: -17.26
Market Capitalization: $257,372,430
Beta: 0.45
Latest Volume: 24,255.00
Avg. Total Volume: 39,914
Avg. 10 Volume: 50,083.70
Avg. 30 Volume: 39,914.03
TTM EPS: -1.07
TTM Dividend Rate: 0.80
Shares Outstanding: 15,897,000
Float: 9,222,310.71
50-Day Moving Avg.: 14.61
200-Day Moving Avg.: 13.74

Properties Owned by BRT


Properties owned:
57
Types:
1
States:
13
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
BRT Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by BRT, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-09-30 2018-06-30
Current Cash 27,298,000 28,875,000 34,046,000 0
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 18,474,000 19,125,000 20,078,000 20,542,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 48,754,000 23,989,000 73,466,000 31,838,000
Net Tangible Assets 182,917,000 191,066,000 197,987,000 198,642,000
Total Assets 1,197,908,000 1,153,915,000 1,153,364,000 1,144,605,000
Accounts Payable 0 0 0 0
Liabilities (Other) 28,738,000 22,620,000 27,409,000 22,554,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 0 68,902,000 0
Long-term Debt 892,385,000 845,777,000 760,568,000 820,565,000
Total Liabilities 921,123,000 868,397,000 856,879,000 843,119,000
Minority Interest -933,000 -836,000 -1,027,000 -1,282,000
Common Stock 152,000 152,000 150,000 144,000
Retained Earnings -35,049,000 -27,512,000 -24,927,000 -18,626,000
Treasury Stock 0 0 0 0
Capital Surplus 217,671,000 217,344,000 220,135,000 214,716,000
Shareholder Equity 182,917,000 191,066,000 197,987,000 198,642,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-09-30 2018-06-30
Total Revenue 33,228,000 31,064,000 31,550,000 29,906,000
Cost of Revenue 26,447,000 24,431,000 26,077,000 24,659,000
Gross Profit 6,781,000 6,633,000 5,473,000 5,247,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 28,928,000 26,975,000 28,079,000 27,111,000
Operating Income 4,300,000 4,089,000 3,471,000 2,795,000
Income Expense Net (Other) -9,491,000 -9,110,000 -7,513,000 -8,665,000
EBIT 4,300,000 4,089,000 3,471,000 2,795,000
Interest Income 9,847,000 8,887,000 9,035,000 8,832,000
Pretax Income -5,191,000 -5,021,000 -4,042,000 -5,870,000
Income Tax 59,000 62,000 96,000 101,000
Minority Interest -933,000 -836,000 -1,027,000 -1,282,000
Net Income -4,317,000 -4,247,000 -3,111,000 -4,689,000
Net Income Basic -4,317,000 -4,247,000 -3,111,000 -4,689,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-09-30 2018-06-30
Net Income -4,317,000 -4,247,000 -3,111,000 -4,689,000
Depreciation 10,347,000 9,617,000 10,416,000 10,200,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -1,577,000 -11,733,000 1,355,000 -5,985,000
Cash Flow 7,202,000 8,976,000 9,068,000 10,012,000
Capital Expenditures -4,755,000 0 0 0
Investments -44,733,000 -18,589,000 -20,235,000 -47,894,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -49,338,000 -18,439,000 -20,085,000 -47,744,000
Dividends Paid -3,180,000 -3,181,000 -3,151,000 -2,932,000
Net Borrowings 46,050,000 3,256,000 8,603,000 26,317,000
Cash Flow Financing 40,559,000 -2,270,000 12,372,000 31,747,000
Financing Cash Flows (Other) -2,265,000 -2,345,000 -1,524,000 -2,163,000
Exchange Rate Effect 0 0 0 0

About BRT Apartments Corp.


BRT Apartments Corp. (formerly known as BRT Realty Trust) is a REIT trading on the New York Stock Exchange (NYSE: BRT) that is focused on investing directly and through joint ventures acquiring existing multifamily properties, and to a limited extent ground up development of multifamily apartments.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
1 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.5
8 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
Rating Leverage Section Avg. Rating
1 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
1 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
3 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.2
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.3
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.1
6.7 Overall REITRating™ Score 6.6

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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