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Brt Apartments Corp Financials

BRT
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

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).

Rhea AI BRT FY2025

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 $481.5M to $532.6M. Equity moved the other way, falling from $228.5M to $177.2M, creating a thinner equity cushion beneath the asset base and leaving less room for weak years to be absorbed by owners’ capital.

Depreciation is a major driver of the earnings gap: FY2025 depreciation and amortization of $26.4M was almost twice operating cash flow of $14.1M, which helps explain why profit measures look weaker than cash inflow. Scale has not offset that pressure, since revenue was only $97.0M in FY2025 versus $93.6M in FY2023 while operating income stayed negative in every reported year, so a slightly larger top line has not yet translated into self-funding economics.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

FFO Margin FFO Growth Leverage Interest Cov. AFFO Margin Dividend Cov. 15 / 100
Financial Health Score 15/100
Scored as: REITs peer group

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.

FFO Margin
32
FFO Growth
5
AFFO Margin
39
Dividend Cov.
14
Piotroski F-Score Partial
3/6

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.

Earnings Quality Mixed
-1.18x

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

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Earnings & Revenue

Revenue
$97.0M
YoY+1.5%
5Y CAGR+28.1%
10Y CAGR+1.8%

Brt Apartments Corp generated $97.0M in revenue in fiscal year 2025. This represents an increase of 1.5% from the prior year.

EBITDA
$13.9M
YoY+2.1%
10Y CAGR+0.9%

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.

Net Income
-$11.9M
YoY-21.4%

Brt Apartments Corp reported -$11.9M in net income in fiscal year 2025. This represents a decrease of 21.4% from the prior year.

EPS (Diluted)
$-0.63
YoY-21.2%

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

Free Cash Flow
N/A
Cash & Debt
$25.1M
YoY-9.8%
5Y CAGR+4.8%
10Y CAGR+4.9%

Brt Apartments Corp held $25.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.00
YoY+0.0%
5Y CAGR+2.6%

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.

Shares Outstanding
18M
YoY+0.3%
5Y CAGR+1.7%

Brt Apartments Corp had 18M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.

Margins & Returns

Gross Margin
99.8%
5Y CAGR+12.8pp

Brt Apartments Corp's gross margin was 99.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.

Operating Margin
-12.9%
YoY-0.0pp
5Y CAGR+35.0pp
10Y CAGR-0.2pp

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.

Net Margin
-12.3%
YoY-2.0pp
5Y CAGR+58.4pp
10Y CAGR-9.3pp

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.

Return on Equity
-6.7%
YoY-1.9pp
5Y CAGR+4.5pp
10Y CAGR-4.8pp

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

R&D Spending
N/A
Share Buybacks
$5.0M
YoY+42.7%
5Y CAGR+51.9%
10Y CAGR+7.5%

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.

Capital Expenditures
N/A

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

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.

Brt Apartments Corp (BRT) revenue grew by 1.5% year-over-year, from $95.6M to $97.0M in fiscal year 2025.

No, Brt Apartments Corp (BRT) reported a net income of -$11.9M in fiscal year 2025, with a net profit margin of -12.3%.

Brt Apartments Corp (BRT) reported diluted earnings per share of $-0.63 for fiscal year 2025. This represents a -21.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Brt Apartments Corp (BRT) had EBITDA of $13.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

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.

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.

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.

Yes, Brt Apartments Corp (BRT) paid $1.00 per share in dividends during fiscal year 2025.

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.

Brt Apartments Corp (BRT) generated $14.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Brt Apartments Corp (BRT) had $709.8M in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Brt Apartments Corp (BRT) spent $5.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Brt Apartments Corp (BRT) had 18M shares outstanding as of fiscal year 2025.

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.

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.

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.

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.

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.

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