Welcome to our dedicated page for BRT Apartments SEC filings (Ticker: BRT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
BRT Apartments Corp. filings document REIT financial reporting, property portfolio disclosures and governance matters for a Maryland corporation that owns and operates multifamily properties. Form 8-K reports include results of operations, Regulation FD supplemental financial information, mortgage refinancing and other material-event disclosures.
Proxy filings cover director elections, executive compensation votes, auditor ratification and equity incentive plan matters. The filing record also addresses officer appointments, compensatory arrangements, debt and credit facility activity, common stock governance and the company’s interests in wholly owned and joint-venture multifamily assets.
BRT Apartments Corp. (BRT) reported that on September 17, 2026 it entered into a fourth amendment with VNB New York, LLC to its Amended and Restated Loan Agreement, further amending its revolving credit facility. The amendment reduces the interest rate on the facility to three-month term SOFR plus 210 basis points from three-month term SOFR plus 250 basis points and lowers the minimum interest rate floor to 5% from 6%. It also reduces the adjustable cap rate used to determine the value of the collateral assets to 6.25% from 6.5%. As of September 17, 2026, the company is able to borrow $40 million under this credit facility.
Separately, on September 17, 2026 the board of directors authorized a replenishment of BRT’s stock repurchase program, increasing the total value of shares authorized for repurchase to $10 million. The company also filed the text of the fourth amendment as an exhibit, noting that its representations and warranties are intended primarily to allocate risk between the contractual parties.
BRT Apartments Corp. reported second quarter 2026 results showing continued profitability on cash-flow metrics but a wider accounting loss. Net loss attributable to common stockholders was $3.2 million, or $0.19 per diluted share, compared with a $2.6 million, or $0.14 per diluted share loss a year earlier. Funds From Operations remained steady at $0.29 per diluted share, and Adjusted FFO held at $0.36 per diluted share.
Combined portfolio net operating income for the quarter was $15.2 million on revenues of $29.2 million, with consolidated and unconsolidated properties together 94% occupied and average monthly rent per occupied unit in the mid‑$1,300s to low‑$1,500s. As of June 30, 2026, debt to enterprise value was 71%, with total debt of $649.8 million and a debt service coverage ratio of 1.53x.
Strategically, BRT agreed to acquire Ranch Lake Apartments, a 336‑unit property in Bradenton, Florida, for approximately $80 million, including assumption of a $45.7 million HUD‑insured mortgage at 2.91% maturing in 2056, expected to close in the first quarter of 2027. It also anticipates an August 2026 joint‑venture acquisition of a Houston multifamily property for about $33 million, partly financed with a $23.4 million mortgage. The company refinanced a Southaven, Mississippi asset with a new $47.9 million interest‑only loan at 5.38% maturing in 2036, repurchased 202,828 shares in Q2 plus 48,523 additional shares in July, maintained full availability on its $40 million revolver, and declared a $0.25 per‑share quarterly dividend.
BRT Apartments Corp. is a multifamily-focused REIT owning or investing in 31 properties (5,420 wholly owned units and 2,891 units via joint ventures) plus two preferred equity investments. Total assets were $691.2M at June 30, 2026, funded mainly by $473.5M of consolidated mortgages and $37.4M of junior subordinated notes.
For Q2 2026, total revenues were $24.5M, up modestly from $24.2M, while net loss attributable to common stockholders widened to $3.2M (loss per share $0.19) from $2.6M (loss per share $0.14), driven by higher interest and operating costs. For the first half, revenues were $49.1M and net loss $5.9M versus $4.9M a year earlier.
NAREIT FFO attributable to common stockholders was $5.5M for Q2 (FFO per diluted share $0.29) and AFFO was $6.8M (AFFO per diluted share $0.36), both essentially flat year over year. The company paid a quarterly dividend of $0.25 per share and repurchased 379k shares for $5.4M in the first half, reducing stockholders’ equity to $160.5M. Management highlights refinancing needs for substantial mortgage maturities through 2028 and is pursuing selective growth, including an $80M planned acquisition in Florida and a contemplated $33M Houston joint venture.
BRT Apartments Corp. entered into an agreement to acquire The Waterford on Piedmont, a 153-unit, ten-story multifamily property in Atlanta’s Midtown submarket, for approximately $35 million, subject to customary closing adjustments and conditions. BRT expects to obtain an approximately $22 million mortgage and fund the remaining approximately $14 million, including closing costs and working capital reserves, from refinancings of properties that have appreciated in value. The transaction is anticipated to close during the quarter ending September 30, 2026, following satisfactory completion of due diligence. Based on seller-provided data, the property generated revenues of $881 thousand and real estate operating expenses of $405 thousand for the three months ended May 31, 2026, and revenues of $3,487 thousand with operating expenses of $1,635 thousand for the twelve months ended May 31, 2026.
Gould Investors L.P. and related insiders report significant ownership in BRT Apartments Corp. common stock. Gould Investors L.P. beneficially owns 4,249,693 shares, or 22.7% of the company’s common stock, based on 18,761,937 shares outstanding as of June 30, 2026.
Jeffrey A. Gould reports beneficial ownership of 4,871,875 shares, or 25.9% of the class, and Matthew J. Gould reports 4,876,176 shares, or 26.0%, each including 23,625 shares potentially issuable from restricted stock units scheduled to vest on June 30, 2026 if performance conditions are met. The reporting persons hold their positions for investment and may buy or sell additional shares over time, including through BRT’s dividend reinvestment plan and equity incentive awards, but state they currently have no specific plans for corporate control or restructuring actions.
BRT Apartments Corp. reported the results of its annual stockholder meeting held on June 10, 2026. Stockholders elected four directors—Carol Cicero, Frederic H. Gould, Gary Hurand, and Elie Weiss—for terms expiring at the 2029 annual meeting, each receiving over 12.0 million "for" votes.
Stockholders approved, on a non-binding basis, executive compensation for the year ended December 31, 2025, with approximately 13.97 million votes in favor and 0.20 million against. They also ratified the selection of Ernst & Young LLP as independent registered public accounting firm for the year ending December 31, 2026, with about 16.69 million votes in favor.
In addition, stockholders approved the company’s 2026 Incentive Plan, with roughly 12.89 million votes for and 1.46 million against. The meeting results confirm support for the company’s current board, compensation approach, auditor, and long‑term incentive framework.
BRT Apartments Corp. plans to acquire Ranch Lake Apartments, a 336‑unit multifamily property in Bradenton, Florida, for approximately $80 million, including assumption of an existing $45.7 million HUD‑insured mortgage. The mortgage bears a 2.91% interest rate and matures in 2056.
The company expects to fund the roughly $38 million balance, including closing costs and working capital reserves, through refinancings of appreciated properties, potential property sales and its credit facility. Based on unaudited seller data, the property generated $1.824 million in revenue and $765,000 in real estate operating expenses for the three months ended April 30, 2026, and $7.403 million in revenue and $3.176 million in expenses for the twelve months ended that date.
The company notes a challenging operating environment for multifamily assets in Bradenton and cautions that operating results at closing may be less favorable than these figures. Closing, anticipated in the fourth quarter of 2026 or first quarter of 2027, remains subject to due diligence, HUD and lender approval of the mortgage assumption, and other customary conditions, and there is no assurance the deal will close or be accretive to earnings.
BRT Apartments Corp. reported first quarter 2026 results showing slightly higher cash earnings despite a net loss. Net loss attributable to common stockholders was $2.7 million, or $(0.14) per share, compared to a net loss of $2.4 million, or $(0.12), a year earlier. Funds from Operations rose to $0.33 per diluted share from $0.30, while Adjusted FFO held steady at $0.39 per diluted share.
Combined portfolio net operating income increased 4.0% year over year, with combined revenues up 2.0% and operating expenses essentially flat. As of March 31, 2026, BRT owned or held interests in 8,311 apartment units across 31 properties, with consolidated average occupancy of 94.5% and average monthly rent per occupied unit of $1,386.
BRT continued returning capital to shareholders, repurchasing 318,593 shares between January 1 and May 7, 2026 at a weighted average price of $14.14, and declaring a $0.25 per share quarterly dividend. The company’s Debt to Enterprise Value ratio was 75%, with total debt of about $651.1 million, a 1.58 debt service coverage ratio, and an undrawn $40 million revolving credit facility.
BRT Apartments Corp. reported a net loss attributable to common stockholders of $2.7M, or $(0.14) per share, for the quarter ended March 31, 2026, compared with a loss of $(0.12) per share a year earlier. Rental and other revenue from real estate properties rose to $24.2M, up 2.3%, helped by stronger rents and occupancy, while loan interest and other income declined modestly.
Using REIT metrics, NAREIT funds from operations were $6.2M, or $0.33 per diluted share, and adjusted funds from operations were $7.3M, or $0.39 per diluted share, essentially flat year over year. Same-store net operating income increased by $0.6M to $13.4M, reflecting higher property-level profitability.
The company ended the quarter with total assets of $698.4M and mortgages payable of $474.6M, plus $37.4M of junior subordinated notes. It paid a quarterly dividend of $0.25 per share and continued its share repurchase program, buying 176,148 shares for $2.5M, while highlighting future refinancing needs on mortgage debt maturing through 2028.