BRT Apartments Corp. Completes Debt Refinancings

Rhea-AI Summary

BRT Apartments Corp (NYSE: BRT) completed refinancing of three maturing mortgages totaling $42.7 million into new mortgage debt of approximately $71.9 million on December 17, 2025.

The refinanced loans carry a weighted average interest rate of 4.95% and a weighted average remaining term of about nine years, compared with the prior weighted average rate of 4.36%. The company used $17.5 million of proceeds to pay off its outstanding credit facility. As of the same date, BRT owns or has interests in 31 multi-family properties totaling 8,311 units across 11 states.

Positive

• Refinanced $42.7M maturing mortgages into ~$71.9M new mortgage debt
• Extended weighted average term to ~9 years
• Freed $17.5M to retire outstanding credit facility

Negative

• Weighted average interest rate rose from 4.36% to 4.95% (≈59 bps)
• Aggregate debt increased by ~$29.2M versus prior maturing mortgages

Key Figures

Refinanced mortgages $42.7 million Aggregate amount of three maturing mortgages refinanced

Old interest rate 4.36% Weighted average rate on three maturing mortgages

New mortgage debt $71.9 million Aggregate amount of new mortgage debt from refinancing

New interest rate 4.95% Weighted average interest rate on new mortgage debt

Term to maturity 9 years Weighted average remaining term on refinanced debt

Credit facility payoff $17.5 million Proceeds used to fully repay outstanding credit facility balance

Multi-family properties 31 properties Owned or with interests as of December 17, 2025

Residential units 8,311 units Total units across 31 multi-family properties in 11 states

Market Reality Check

$14.32 Last Close

Volume Volume 76,799 is 0.82x the 20-day average of 93,485 shares. normal

Technical Price $15.00 is trading below the 200-day MA at $15.65, and about 22.28% under the 52-week high.

Peers on Argus

BRT was down 0.2% pre‑news, while peers showed mixed moves: CLPR +1.47%, BHM +0.56%, AIV +0.7%, NXRT -2.22%, UMH +0.81%, suggesting stock‑specific factors rather than a broad sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 10	Dividend declaration	Positive	-0.5%	Announced $0.25 quarterly dividend and tax characterization for 2025 payouts.
Nov 06	Earnings filing	Neutral	-0.9%	Filed Q3 2025 Form 10‑Q and posted supplemental financial information.
Oct 06	Property acquisition	Positive	-2.7%	Acquired 150‑unit Savannah complex via JV with $15.7M assumed mortgage.
Sep 11	Dividend & management	Positive	-1.9%	Declared $0.25 Q3 dividend and announced key finance leadership changes.
Aug 07	Earnings filing	Neutral	-0.8%	Filed Q2 2025 Form 10‑Q detailing portfolio and preferred equity stakes.

Pattern Detected

Recent positive and operational announcements (dividends, acquisitions, filings) have often been followed by modestly negative next‑day returns, indicating a pattern of selling or lack of follow‑through after news.

Recent Company History

Over the last few months, BRT has focused on portfolio growth and capital management. In August 2025 and November 2025, it filed 10‑Q reports highlighting multi‑family holdings across 11 states. An October 2025 acquisition added a $23.0 million Savannah property via joint venture with an assumed $15.7 million mortgage. The company also maintained a quarterly dividend of $0.25 per share. Today’s refinancing update follows through on the plan to use December 2025 refinancings to address the credit facility.

Market Pulse Summary

This announcement details the refinancing of three mortgages totaling $42.7 million into new debt of $71.9 million at a 4.95% weighted average rate and roughly nine-year term. BRT used $17.5 million of proceeds to fully repay its credit facility, reshaping near‑term liquidity and maturities. In context of recent acquisitions and steady dividends, investors may track leverage levels, future refinancing activity, and operating performance across 31 properties and 8,311 units.

Key Terms

credit facility financial

"used $17.5 million of the proceeds from the refinancing to pay off the outstanding balance of the credit facility"

A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.

real estate investment trust financial

"BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures"

A real estate investment trust (REIT) is a company that owns and manages income-producing properties—like apartment buildings, shopping centers, offices, or warehouses—and is required to pass most of its rental income to shareholders as dividends. Think of it as a shared property owner: instead of buying a whole building, investors buy a slice of a portfolio that pays regular income and can offer exposure to property values and rental markets without direct management. REITs matter to investors for predictable income, diversification, and liquidity compared with owning physical real estate.

AI-generated analysis. Not financial advice.

GREAT NECK, N.Y., Dec. 17, 2025 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE: BRT) announced today that it has successfully completed the refinancing of three mortgages mentioned in the Company’s most recent 10-Q filing.

The three maturing mortgages in the aggregate amount of $42.7 million and bearing a weighted average interest rate of 4.36% were refinanced through new mortgage debt in the aggregate amount of approximately $71.9 million, with a weighted average remaining term to maturity of approximately nine years and a weighted average interest rate of 4.95%. The Company used $17.5 million of the proceeds from the refinancing to pay off the outstanding balance of the credit facility.

“With our refinancings complete, BRT is well positioned with the financial resources to pursue future investment opportunities in our core Sunbelt markets. We will continue to focus on value enhancing opportunities where we believe there is a potential to drive substantial long-term shareholder value,” said Jeffrey A. Gould, President and Chief Executive Officer.

BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 17, 2025, BRT owns or has interests in 31 multi-family properties with 8,311 units in 11 states and has preferred equity investments in two multi-family properties. For additional information on BRT’s operations, activities and properties, please visit its website at www.brtapartments.com.

Contact:

BRT APARTMENTS CORP.
60 Cutter Mill Road
Suite 303
Great Neck, New York 11021
Telephone: (516) 466-3100
Email: investors@BRTapartments.com
www.BRTapartments.com

FAQ

What refinancing did BRT (NYSE: BRT) complete on December 17, 2025?

BRT refinanced three maturing mortgages of $42.7M into approximately $71.9M of new mortgage debt with a weighted average rate of 4.95% and ~9 years remaining term.

How much of the refinancing proceeds did BRT use to pay its credit facility?

BRT used $17.5M of the refinancing proceeds to pay off the outstanding balance of its credit facility.

Did the refinancing change BRT's interest costs?

Yes. The weighted average interest rate increased from 4.36% to 4.95%, an increase of about 59 basis points.

How does the refinancing affect BRT's debt level and maturities?

Aggregate mortgage debt increased by roughly $29.2M and the weighted average remaining maturity extended to about nine years.

How many properties and units does BRT report owning as of December 17, 2025?

As of December 17, 2025, BRT owns or has interests in 31 multi-family properties with 8,311 units across 11 states.