BRT Apartments (DB:WWA) - Stock Price, News & Analysis

WWA Stock Overview

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.

About the company

WWA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	1/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 25.3% below our estimate of its fair value

Risk Analysis

Earnings are forecast to decline by an average of 83.8% per year for the next 3 years

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Dividend of 5.63% is not well covered by cash flows

+ 1 more risk

BRT Apartments Corp. Competitors

Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi

IBSE:ADGYO

₺8.8b

Triple Point Social Housing REIT

LSE:SOHO

UK£243.2m

Megureit Israel

TASE:MGRT

₪568.0m

Starts Proceed Investment

TSE:8979

JP¥59.6b

Price History & Performance

Summary of all time highs, changes and price drops for BRT Apartments
Historical stock prices
Current Share Price	US$16.46
52 Week High	US$18.71
52 Week Low	US$13.85
Beta	1.16
1 Month Change	8.23%
3 Month Change	3.29%
1 Year Change	-0.085%
3 Year Change	8.33%
5 Year Change	31.34%
Change since IPO	-21.61%

Recent updates

Shareholder Returns

	WWA	DE Residential REITs	DE Market
7D	5.1%	0%	0%
1Y	-0.08%	0%	0%

Return vs Industry: WWA exceeded the German Residential REITs industry which returned -11.5% over the past year.

Return vs Market: WWA matched the German Market which returned -0.3% over the past year.

Price Volatility

Is WWA's price volatile compared to industry and market?
WWA volatility
WWA Average Weekly Movement	4.8%
Residential REITs Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in DE Market	0%
10% least volatile stocks in DE Market	0%

Stable Share Price: WWA has not had significant price volatility in the past 3 months.

Volatility Over Time: WWA's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1972	10	Jeff Gould	www.brtapartments.com

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 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.

BRT Apartments Corp. Fundamentals Summary

How do BRT Apartments's earnings and revenue compare to its market cap?
WWA fundamental statistics
Market cap	€327.72m
Earnings (TTM)	€2.74m
Revenue (TTM)	€89.80m

119.6x

P/E Ratio

3.6x

P/S Ratio

Is WWA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WWA income statement (TTM)
Revenue	US$95.70m
Cost of Revenue	US$41.82m
Gross Profit	US$53.88m
Other Expenses	US$50.96m
Earnings	US$2.92m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.15
Gross Margin	56.30%
Net Profit Margin	3.05%
Debt/Equity Ratio	201.2%

How did WWA perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

84%

Payout Ratio

WWA Stock Overview

Rewards

Risk Analysis

BRT Apartments Corp. Competitors

IBSE:ADGYO

₺8.8b

LSE:SOHO

UK£243.2m

TASE:MGRT

₪568.0m

TSE:8979

JP¥59.6b

Price History & Performance

Recent News & Updates

BRT Apartments Corp., Annual General Meeting, Jun 11, 2024

Upcoming dividend of US$0.25 per share

Fourth quarter dividend of US$0.25 announced

BRT Apartments Corp. has filed a Follow-on Equity Offering in the amount of $10.913 million.

New minor risk - Shareholder dilution

Full year 2023 earnings released: EPS: US$0.22 (vs US$2.67 in FY 2022)

Recent updates

BRT Apartments Corp., Annual General Meeting, Jun 11, 2024

Upcoming dividend of US$0.25 per share

Fourth quarter dividend of US$0.25 announced

BRT Apartments Corp. has filed a Follow-on Equity Offering in the amount of $10.913 million.

New minor risk - Shareholder dilution

Full year 2023 earnings released: EPS: US$0.22 (vs US$2.67 in FY 2022)

BRT Apartments Corp. Announces Quarterly Dividend, Payable on April 4, 2024

BRT Apartments Corp. to Report Q4, 2023 Results on Mar 12, 2024

Upcoming dividend of US$0.25 per share at 5.4% yield

BRT Apartments Corp. Announces Quarterly Dividend, Payable January 5, 2024

New major risk - Revenue and earnings growth

New minor risk - Shareholder dilution

Third quarter 2023 earnings released: US$0.084 loss per share (vs US$0.37 profit in 3Q 2022)

BRT Apartments Corp. to Report Q3, 2023 Results on Nov 06, 2023

BRT Apartments Corp. Declares Dividend for Third Quarter 2023, Payable on October 11, 2023

New minor risk - Shareholder dilution

Second quarter 2023 earnings released: EPS: US$0.62 (vs US$1.91 in 2Q 2022)

BRT Apartments Corp. to Report Q2, 2023 Results on Aug 07, 2023

BRT Apartments Corp. Provides Earnings Guidance for Full Year 2023

First quarter 2023 earnings released: US$0.23 loss per share (vs US$0.62 profit in 1Q 2022)

Now 24% undervalued after recent price drop

Now 25% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$2.81 (vs US$1.63 in FY 2021)

VP & Treasurer recently sold €59k worth of stock

Upcoming dividend of US$0.25 per share

BRT Apartments Corp. Declares Quarterly Dividend, Payable January 5, 2023

Insufficient new directors

Third quarter 2022 earnings released: FFO per share: US$0.3 (vs US$0 in 3Q 2021)

BRT Apartments Corp. to Report Q3, 2022 Results on Nov 07, 2022

BRT Apartments Corp. Declares Quarterly Dividend, Payable October 7, 2022

An unknown buyer completed the acquisition of Waters Edge from BRT Apartments Corp. (NYSE:BRT) and others.

Second quarter 2022 earnings released: EPS: US$2.02 (vs US$0.34 in 2Q 2021)

BRT Apartments Corp. to Report Q2, 2022 Results on Aug 08, 2022

BRT Apartments Corp. (NYSE:BRT) completed the acquisition of the remaining 20% stake in Grove at River Place.

BRT Apartments Corp.(NYSE:BRT) dropped from Russell 2000 Value-Defensive Index

Upcoming dividend of US$0.25 per share

An unknown buyer completed the acquisition of a 75% stake in Retreat at Cinco Ranch from BRT Apartments Corp. (NYSE:BRT) for $68.3 million.

BRT Apartments Corp. Raises Quarterly Dividend, Payable on July 8, 2022

BRT Apartments Corp. Declares Quarterly Dividend

First quarter 2022 earnings released: FFO: US$11.4m per share (vs US$0.35 in 1Q 2021)

An unknown buyer agreed to acquire Retreat at Cinco Ranch from BRT Apartments Corp. (NYSE:BRT) and others for $68.5 million.

BRT Apartments Corp. to Report Q1, 2022 Results on May 09, 2022

Insufficient new directors

BRT Apartments Corp., Annual General Meeting, Jun 08, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.23 per share

BRT Apartments Corp. to Report Q4, 2021 Results on Mar 14, 2022

An unknown buyer acquired The Veranda at Shavano in San Antonio, Texas from BRT Apartments Corp. (NYSE:BRT) and others for $53.8 million.

Executive Vice President recently sold €110k worth of stock

Investor sentiment improved over the past week

BRT Apartments Corp. (NYSE:BRT) announces an Equity Buyback for $5 million worth of its shares.

Second quarter 2021 earnings released: FFO US$0.29 per share (vs US$0.25 in 2Q 2020)

BRT Apartments Corp. Announces Impairment Charge for the Quarter Ended June 30, 2021

An unknown buyer completed the acquisition of 586 Unit Property Located in Lawrenceville, GA from BRT Apartments Corp. (NYSE:BRT) and Electra America, Inc.

An unknown buyer agreed to acquire 586 Unit Property Located in Lawrenceville, GA from BRT Apartments Corp. (NYSE:BRT) and Electra America, Inc. for approximately $120 million.

Director recently bought €201k worth of stock

Upcoming dividend of US$0.22 per share

Executive Vice President recently sold €207k worth of stock

An unrelated third party completed the acquisition of Kendall Manor-Houston from BRT Apartments Corp. (NYSE:BRT) for $24.5 million.