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. 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.
BRT Apartments Corp. is an internally managed REIT focused on multi-family properties, primarily garden-style communities in the Southeast U.S. and Texas. As of December 31, 2025, it wholly owned 21 properties with 5,420 units and held interests in 10 unconsolidated properties with 2,891 units, plus preferred equity investments in two properties.
In 2025, BRT acquired 80% interests in two joint-venture properties with 364 units for $59.5 million, including $40.1 million of mortgage debt. It refinanced four mortgages totaling $58.0 million with $87.7 million of new interest-only mortgages, lowering annual principal payments by $1.2 million until 2030 but raising annual interest expense by $1.8 million.
The company sold a New York cooperative unit for about $1.0 million, repurchasing 321,060 shares for roughly $5.0 million in 2025 and a further 75,155 shares for about $1.1 million afterward. Its board expanded the share repurchase program to $10 million and extended it through December 31, 2028. Consolidated 2025 rental and other revenue from wholly owned properties was $95.3 million, and unconsolidated joint ventures generated $49.9 million of rental and other revenues.
BRT Apartments Corp. announced a planned leadership change in its finance team. Long-time chief financial officer George Zweier retired effective February 27, 2026, and senior vice president Isaac Kalish stepped into the chief financial officer role.
When Mr. Zweier retired, his 42,800 shares of restricted stock fully vested, while all of his restricted stock units were forfeited. The transition had previously been outlined in an earlier company communication, indicating an orderly handover of financial leadership responsibilities.
The Vanguard Group filed an amended Schedule 13G reporting beneficial ownership of 613,793 shares of BRT Apartments Corp common stock, representing 3.22% of the outstanding class as of the event date.
Vanguard reports no sole voting or dispositive power over these shares, but shared voting power over 77,677 shares and shared dispositive power over 613,793 shares. The filing notes that these securities are held in the ordinary course of business, not to change or influence control of BRT Apartments Corp.
The disclosure also explains an internal realignment at The Vanguard Group, Inc. effective January 12, 2026, after which certain subsidiaries or business divisions are expected to report beneficial ownership separately while pursuing the same investment strategies as before.
BRT Apartments Corp. director Louis C. Grassi reported receiving 4,250 shares of BRT common stock as a stock award. The shares were issued on January 9, 2026 as restricted stock under the company’s 2024 Incentive Plan at a price of $0 per share.
According to the disclosure, these restricted shares generally vest on or about January 8, 2031, as long as Grassi maintains his relationship with the company. After this grant, he directly beneficially owns 85,226.439 BRT shares, which includes shares accumulated through the company’s dividend reinvestment plan.
BRT Apartments Corp. reported that Chief Accounting Officer Matthew Gibbons received 5,500 shares of common stock as a restricted stock award on January 9, 2026. The shares were granted at a price of $0 under the company’s 2024 Incentive Plan.
Following this grant, Gibbons beneficially owns 5,500 shares directly. The restricted stock generally vests on or about January 8, 2031, as long as his relationship with the company continues through that date.