DB:WWA

Stock Analysis Report

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Executive Summary

BRT is a real estate investment trust that owns, operates and develops multi-family properties.


Snowflake Analysis

Fair value with questionable track record.


Similar Companies

Share Price & News

How has BRT Apartments's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WWA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.7%

WWA

-3.3%

DE REITs

0.2%

DE Market


1 Year Return

-17.1%

WWA

8.8%

DE REITs

4.5%

DE Market

Return vs Industry: WWA underperformed the German REITs industry which returned 8.8% over the past year.

Return vs Market: WWA underperformed the German Market which returned 4.5% over the past year.


Shareholder returns

WWAIndustryMarket
7 Day4.7%-3.3%0.2%
30 Day1.0%-2.8%6.4%
90 Day34.5%5.2%16.9%
1 Year-10.7%-17.1%9.3%8.8%6.8%4.5%
3 Year87.7%53.1%-1.6%-14.7%3.0%-5.0%
5 Year92.1%56.6%3.4%-17.8%9.9%-4.8%

Price Volatility Vs. Market

How volatile is BRT Apartments's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is BRT Apartments undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WWA (€9.95) is trading below our estimate of fair value (€20.6)

Significantly Below Fair Value: WWA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: WWA is poor value based on its PE Ratio (664x) compared to the DE REITs industry average (8.3x).

PE vs Market: WWA is poor value based on its PE Ratio (664x) compared to the German market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: WWA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: WWA is good value based on its PB Ratio (0.9x) compared to the DE REITs industry average (1.5x).


Next Steps

Future Growth

How is BRT Apartments forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-27.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WWA's earnings are forecast to decline over the next 3 years (-27.3% per year).

Earnings vs Market: WWA's earnings are forecast to decline over the next 3 years (-27.3% per year).

High Growth Earnings: WWA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: WWA's revenue is expected to decline over the next 3 years (-21.5% per year).

High Growth Revenue: WWA's revenue is forecast to decline over the next 3 years (-21.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if WWA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has BRT Apartments performed over the past 5 years?

-0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WWA has a large one-off gain of $19.2M impacting its March 31 2020 financial results.

Growing Profit Margin: WWA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: WWA has become profitable over the past 5 years, growing earnings by -0.7% per year.

Accelerating Growth: WWA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: WWA has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (25.3%).


Return on Equity

High ROE: WWA's Return on Equity (0.5%) is considered low.


Next Steps

Financial Health

How is BRT Apartments's financial position?


Financial Position Analysis

Short Term Liabilities: WWA's short term assets ($33.0M) exceed its short term liabilities ($22.6M).

Long Term Liabilities: WWA's short term assets ($33.0M) do not cover its long term liabilities ($169.6M).


Debt to Equity History and Analysis

Debt Level: WWA's debt to equity ratio (83.7%) is considered high.

Reducing Debt: WWA's debt to equity ratio has reduced from 355.4% to 83.7% over the past 5 years.

Debt Coverage: WWA's debt is not well covered by operating cash flow (5.2%).

Interest Coverage: Insufficient data to determine if WWA's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is BRT Apartments's current dividend yield, its reliability and sustainability?

7.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WWA's dividend (7.91%) is higher than the bottom 25% of dividend payers in the German market (1.24%).

High Dividend: WWA's dividend (7.91%) is in the top 25% of dividend payers in the German market (3.77%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, WWA has been paying a dividend for less than 10 years.

Growing Dividend: WWA's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (114.9%), WWA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.3yrs

Average management tenure


CEO

Jeff Gould (54yo)

18.5yrs

Tenure

US$1,268,872

Compensation

Mr. Jeffrey Alan Gould, also known as Jeff, has been the Chief Executive Officer and President of BRT Realty Trust since January 1, 2002. He has been the Chief Executive Officer of BRT Apartments Corp., si ...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD1.27M) is above average for companies of similar size in the German market ($USD756.73K).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Israel Rosenzweig
Executive Chairman of the Board7.33yrsUS$304.53k2.46% $4.2m
Jeffrey Gould
President18.5yrsUS$1.27m2.51% $4.2m
George Zweier
VP & CFO21.92yrsUS$483.67k0.47% $789.6k
David Kalish
Senior Vice President of Finance21.92yrsUS$555.26k1.1% $1.9m
Mitchell Gould
Executive Vice President13.5yrsUS$728.40k1.03% $1.7m
Steven Rosenzweig
Senior Vice President of Legal1.5yrsUS$589.95k0.23% $396.9k
Mark Lundy
Senior VP & Counsel13.33yrsUS$576.23k1.22% $2.1m
Matthew Gould
Senior VP & Director19.5yrsUS$625.82k2.4% $4.1m
Ryan Baltimore
Senior Vice President of Corporate Strategy & Finance1.5yrsno data0.20% $330.8k
Isaac Kalish
VP & Treasurer6.5yrsno data0.35% $596.2k
S. Gaffney
Secretary10yrsno datano data
Brenda Maldonado
Assistant Controller3.58yrsno datano data

13.3yrs

Average Tenure

55yo

Average Age

Experienced Management: WWA's management team is seasoned and experienced (13.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Israel Rosenzweig
Executive Chairman of the Board7.33yrsUS$304.53k2.46% $4.2m
Jeffrey Gould
President18.5yrsUS$1.27m2.51% $4.2m
Matthew Gould
Senior VP & Director19.5yrsUS$625.82k2.4% $4.1m
Fredric Gould
Director37.5yrsUS$79.76k2.24% $3.8m
Jeffrey Rubin
Independent Director16.33yrsUS$70.63k0.31% $520.5k
Gary Hurand
Independent Director30.5yrsUS$72.63k2.26% $3.8m
Louis Grassi
Independent Director17.08yrsUS$81.13k0.30% $509.0k
Alan Ginsburg
Independent Director13.58yrsUS$60.88k0.27% $454.2k
Jonathan Simon
Independent Director13.58yrsUS$62.38k0.27% $458.4k
Elie Weiss
Independent Director12.58yrsUS$69.13k0.37% $624.9k

16.7yrs

Average Tenure

62yo

Average Age

Experienced Board: WWA's board of directors are seasoned and experienced ( 16.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: WWA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8%.


Top Shareholders

Company Information

BRT Apartments Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BRT Apartments Corp.
  • Ticker: WWA
  • Exchange: DB
  • Founded: 1972
  • Industry: Residential REITs
  • Sector: Real Estate
  • Market Cap: US$192.204m
  • Listing Market Cap: US$169.120m
  • Shares outstanding: 17.18m
  • Website: https://www.brtapartments.com

Number of Employees


Location

  • BRT Apartments Corp.
  • 60 Cutter Mill Road
  • Suite 303
  • Great Neck
  • New York
  • 11021
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BRTNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 1972
WWADB (Deutsche Boerse AG)YesCommon StockDEEURDec 1972

Biography

BRT is a real estate investment trust that owns, operates and develops multi-family properties. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 21:54
End of Day Share Price2020/07/14 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.