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. 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.
BRT Apartments Corp. registers an at‑the‑market shelf for up to $150,000,000 of equity securities to be sold from time to time under a prospectus dated May 4, 2026.
The shelf covers shares of common stock, shares of preferred stock, warrants and subscription rights, to be issued in one or more offerings with terms set in future prospectus supplements. Sales may be made directly or through underwriters, agents or dealers.
BRT Apartments Corp. filed a shelf prospectus to offer up to $150,000,000 of common stock, preferred stock, warrants and subscription rights to be sold from time to time in one or more offerings. The prospectus is a base shelf allowing future, incremental offerings with terms set in prospectus supplements.
The company states it is an internally managed REIT holding 31 multifamily properties (21 wholly owned, 10 unconsolidated) with carrying values and portfolio details provided as context; ownership transfer and REIT ownership limits are detailed in the Charter.
BRT Apartments Corp. is asking stockholders to vote at its annual meeting on June 10, 2026. Investors will elect four Class III directors to terms ending in 2029, cast an advisory vote on 2025 executive pay, ratify Ernst & Young LLP as auditor for 2026, and approve the 2026 Incentive Plan.
Holders of 18,983,013 common shares as of March 16, 2026 get one vote per share, with a quorum at 9,491,507 shares. The board is majority independent and uses audit, compensation and nominating committees to oversee risk, pay and governance. BRT emphasizes long-term equity and performance-based RSUs with rigorous AFFO and total shareholder return hurdles; no employment contracts, severance arrangements or tax gross-ups are provided for executives.
In 2025, CEO Jeffrey A. Gould received total compensation of $1.91 million, with a meaningful portion in equity. Directors are paid cash retainers plus annual restricted stock and must meet stock ownership guidelines. Gould Investors L.P. beneficially owns 21.5% of outstanding shares, and directors and executives as a group own 42.2%, aligning leadership with stockholder outcomes.
BRT Apartments Corp. reported weaker results for the fourth quarter of 2025, with a net loss of $4.3 million, or $(0.23) per diluted share. Funds From Operations were $0.26 per share and Adjusted FFO were $0.34 per share, both slightly below the prior year quarter.
For full year 2025, BRT recorded a net loss of $11.9 million, or $(0.63) per share, while FFO held steady at $1.12 per share and AFFO rose to $1.45 per share. Combined same store portfolio NOI was essentially flat, and Debt to Enterprise Value increased to 73%. The company acquired two multifamily properties through unconsolidated joint ventures, refinanced $58.0 million of maturing mortgages with $88.7 million of new interest-only debt, repurchased 321,060 shares in 2025 plus 75,155 more in early 2026, extended and enlarged its share repurchase authorization to $10 million, maintained an undrawn $40.0 million credit facility, and declared a $0.25 per share dividend for the first quarter of 2026.