This page shows Brt Apartments Corp (BRT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
BRT’s non-cash charges are masking positive operating cash generation, even as rising leverage carries more of its payout burden.
FY2025 losses were accounting-heavy: BRT posted a-$11.9M net loss even though operating cash flow stayed positive at$14.1M for a second straight year, indicating that non-cash charges are depressing reported earnings more than current cash generation. Shareholder payouts outpaced internally generated cash, with$18.9M of dividends against$14.1M of operating cash flow, so part of the return to shareholders was not funded by current operations.
From FY2023 to FY2025, liabilities rose from
Depreciation is a major driver of the earnings gap: FY2025 depreciation and amortization of
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Brt Apartments Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Brt Apartments Corp passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Brt Apartments Corp generates $-1.18 in operating cash flow ($14.1M OCF vs -$11.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Brt Apartments Corp generated $97.0M in revenue in fiscal year 2025. This represents an increase of 1.5% from the prior year.
Brt Apartments Corp's EBITDA was $13.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.1% from the prior year.
Brt Apartments Corp reported -$11.9M in net income in fiscal year 2025. This represents a decrease of 21.4% from the prior year.
Brt Apartments Corp earned $-0.63 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 21.2% from the prior year.
Cash & Balance Sheet
Brt Apartments Corp held $25.1M in cash against $0 in long-term debt as of fiscal year 2025.
Brt Apartments Corp paid $1.00 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Brt Apartments Corp had 18M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.
Margins & Returns
Brt Apartments Corp's gross margin was 99.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
Brt Apartments Corp's operating margin was -12.9% in fiscal year 2025, reflecting core business profitability. This is down 0.0 percentage points from the prior year.
Brt Apartments Corp's net profit margin was -12.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.0 percentage points from the prior year.
Brt Apartments Corp's ROE was -6.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.9 percentage points from the prior year.
Capital Allocation
Brt Apartments Corp spent $5.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 42.7% from the prior year.
BRT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.6M+1.3% | $24.3M-0.6% | $24.4M+1.0% | $24.2M+0.4% | $24.1M+0.6% | $24.0M-1.8% | $24.4M+2.2% | $23.9M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $3.9M+2.3% | $3.8M-4.0% | $3.9M+5.2% | $3.7M-8.0% | $4.1M+6.6% | $3.8M+0.2% | $3.8M-0.1% | $3.8M |
| Operating Income | -$2.4M+31.0% | -$3.5M-3.6% | -$3.3M-13.4% | -$3.0M-8.1% | -$2.7M+20.1% | -$3.4M-20.1% | -$2.8M-3.0% | -$2.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $76K+40.7% | $54K+2600.0% | $2K-96.7% | $60K+3.4% | $58K-18.3% | $71K+122.9% | -$310K-376.9% | -$65K |
| Net Income | -$2.7M+37.3% | -$4.3M-57.9% | -$2.7M-5.5% | -$2.6M-9.1% | -$2.4M-13.6% | -$2.1M+6.1% | -$2.2M+6.0% | -$2.3M |
| EPS (Diluted) | $-0.14 | N/A | $-0.140.0% | $-0.14-16.7% | $-0.12-9.1% | $-0.11+8.3% | $-0.12+7.7% | $-0.13 |
BRT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $698.4M-1.6% | $709.8M-0.6% | $714.2M+2.1% | $699.6M-0.6% | $703.9M-1.3% | $713.5M-0.6% | $717.7M+3.3% | $694.7M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $26.9M+7.0% | $25.1M+19.1% | $21.1M-10.7% | $23.6M-3.0% | $24.4M-12.5% | $27.9M-39.2% | $45.8M+141.7% | $18.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $529.3M-0.6% | $532.6M+1.0% | $527.5M+3.9% | $507.5M+0.4% | $505.5M-0.6% | $508.5M+0.1% | $508.0M+5.8% | $480.0M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $169.2M-4.5% | $177.2M-5.1% | $186.7M-2.8% | $192.1M-3.2% | $198.5M-3.2% | $205.0M-2.3% | $209.9M-2.3% | $214.7M |
| Retained Earnings | -$105.8M-7.5% | -$98.3M-10.1% | -$89.3M-9.1% | -$81.9M-9.8% | -$74.6M-10.5% | -$67.5M-11.1% | -$60.7M-12.8% | -$53.8M |
BRT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.1M+156.7% | -$3.7M-140.6% | $9.1M+6.8% | $8.5M+3346.3% | $246K-96.8% | $7.6M-15.5% | $9.0M+29.2% | $6.9M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$309K-235.9% | -$92K+99.5% | -$19.2M-1784.0% | -$1.0M+16.8% | -$1.2M+93.1% | -$17.6M-2774.2% | -$613K-3.5% | -$592K |
| Financing Cash Flow | -$3.8M-227.9% | $3.0M-75.4% | $12.0M+298.1% | -$6.1M+6.2% | -$6.5M-25.8% | -$5.1M-124.1% | $21.3M+478.4% | -$5.6M |
| Dividends Paid | $984K-79.2% | $4.7M+0.3% | $4.7M-0.1% | $4.7M+0.7% | $4.7M+0.2% | $4.7M+0.2% | $4.7M+0.7% | $4.6M |
| Share Buybacks | $2.5M-3.4% | $2.6M | $0-100.0% | $1.0M-27.4% | $1.4M+655.2% | $183K+59.1% | $115K-87.6% | $930K |
BRT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -9.7%+4.6pp | -14.3%-0.6pp | -13.7%-1.5pp | -12.2%-0.9pp | -11.3%+2.9pp | -14.3%-2.6pp | -11.7%-0.1pp | -11.6% |
| Net Margin | -10.9%+6.7pp | -17.6%-6.5pp | -11.1%-0.5pp | -10.6%-0.8pp | -9.8%-1.1pp | -8.6%+0.4pp | -9.0%+0.8pp | -9.8% |
| Return on Equity | -1.6%+0.8pp | -2.4%-1.0pp | -1.5%-0.1pp | -1.3%-0.1pp | -1.2%-0.2pp | -1.0%+0.0pp | -1.1%+0.0pp | -1.1% |
| Return on Assets | -0.4%+0.2pp | -0.6%-0.2pp | -0.4%0.0pp | -0.4%-0.0pp | -0.3%-0.0pp | -0.3%+0.0pp | -0.3%+0.0pp | -0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 3.13+0.1 | 3.00+0.2 | 2.82+0.2 | 2.64+0.1 | 2.55+0.1 | 2.48+0.1 | 2.42+0.2 | 2.24 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Brt Apartments Corp's annual revenue?
Brt Apartments Corp (BRT) reported $97.0M in total revenue for fiscal year 2025. This represents a 1.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Brt Apartments Corp's revenue growing?
Brt Apartments Corp (BRT) revenue grew by 1.5% year-over-year, from $95.6M to $97.0M in fiscal year 2025.
Is Brt Apartments Corp profitable?
No, Brt Apartments Corp (BRT) reported a net income of -$11.9M in fiscal year 2025, with a net profit margin of -12.3%.
What is Brt Apartments Corp's EBITDA?
Brt Apartments Corp (BRT) had EBITDA of $13.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Brt Apartments Corp's gross margin?
Brt Apartments Corp (BRT) had a gross margin of 99.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Brt Apartments Corp's operating margin?
Brt Apartments Corp (BRT) had an operating margin of -12.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Brt Apartments Corp's net profit margin?
Brt Apartments Corp (BRT) had a net profit margin of -12.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Brt Apartments Corp pay dividends?
Yes, Brt Apartments Corp (BRT) paid $1.00 per share in dividends during fiscal year 2025.
What is Brt Apartments Corp's return on equity (ROE)?
Brt Apartments Corp (BRT) has a return on equity of -6.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Brt Apartments Corp's operating cash flow?
Brt Apartments Corp (BRT) generated $14.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Brt Apartments Corp's total assets?
Brt Apartments Corp (BRT) had $709.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Brt Apartments Corp's debt-to-equity ratio?
Brt Apartments Corp (BRT) had a debt-to-equity ratio of 3.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Brt Apartments Corp's return on assets (ROA)?
Brt Apartments Corp (BRT) had a return on assets of -1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Brt Apartments Corp's Piotroski F-Score?
Brt Apartments Corp (BRT) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Brt Apartments Corp's earnings high quality?
Brt Apartments Corp (BRT) has an earnings quality ratio of -1.18x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Brt Apartments Corp?
Brt Apartments Corp (BRT) scores 15 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.