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BRT Apartments

DB:WWA
Snowflake Description

Second-rate dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WWA
DB
$209M
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

BRT is a real estate investment trust that owns, operates and develops multi-family properties. The last earnings update was 45 days ago. More info.


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WWA Share Price and Events
7 Day Returns
-0.1%
DB:WWA
-1.3%
DE REITs
1.6%
DE Market
1 Year Returns
5%
DB:WWA
11.7%
DE REITs
-7.4%
DE Market
WWA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BRT Apartments (WWA) -0.1% 3.1% -2.8% 5% 82.6% 121.6%
DE REITs -1.3% 2.6% 4.9% 11.7% 7.9% 11.3%
DE Market 1.6% 1.9% 2.6% -7.4% 14.7% 9.4%
1 Year Return vs Industry and Market
  • WWA underperformed the REITs industry which returned 11.7% over the past year.
  • WWA outperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
WWA
Industry
5yr Volatility vs Market

WWA Value

 Is BRT Apartments undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BRT Apartments to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BRT Apartments.

DB:WWA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:WWA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.494 (1 + (1- 21%) (405.12%))
1.72
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.72
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.72 * 5.96%)
10.48%

Discounted Cash Flow Calculation for DB:WWA using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for BRT Apartments is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BRT Apartments is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

DB:WWA DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 10.48%)
2019 14.80 Analyst x1 13.40
2020 16.60 Analyst x1 13.60
2021 17.51 Est @ 5.47% 12.98
2022 18.19 Est @ 3.9% 12.21
2023 18.70 Est @ 2.8% 11.36
2024 19.08 Est @ 2.03% 10.49
2025 19.36 Est @ 1.49% 9.64
2026 19.58 Est @ 1.11% 8.82
2027 19.74 Est @ 0.85% 8.05
2028 19.87 Est @ 0.66% 7.34
Present value of next 10 years cash flows $107.88
DB:WWA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $19.87 × (1 + 0.23%) ÷ (10.48% – 0.23%)
$194.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $194.27 ÷ (1 + 10.48%)10
$71.70
DB:WWA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $107.88 + $71.70
$179.58
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $179.58 / 15.90
$11.29
DB:WWA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WWA represents 0.88302x of NYSE:BRT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88302x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 11.29 x 0.88302
€9.97
Value per share (EUR) From above. €9.97
Current discount Discount to share price of €11.59
= -1 x (€11.59 - €9.97) / €9.97
-16.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of BRT Apartments is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BRT Apartments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BRT Apartments's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WWA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.17
NYSE:BRT Share Price ** NYSE (2019-06-21) in USD $13.13
Germany REITs Industry PE Ratio Median Figure of 5 Publicly-Listed REITs Companies 13.05x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 19.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BRT Apartments.

DB:WWA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BRT Share Price ÷ EPS (both in USD)

= 13.13 ÷ 0.17

75.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BRT Apartments is overvalued based on earnings compared to the DE REITs industry average.
  • BRT Apartments is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does BRT Apartments's expected growth come at a high price?
Raw Data
DB:WWA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 75.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-38.9%per year
Europe REITs Industry PEG Ratio Median Figure of 61 Publicly-Listed REITs Companies 0.61x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

DB:WWA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 75.14x ÷ -38.9%

-1.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BRT Apartments earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BRT Apartments's assets?
Raw Data
DB:WWA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $12.02
NYSE:BRT Share Price * NYSE (2019-06-21) in USD $13.13
Germany REITs Industry PB Ratio Median Figure of 5 Publicly-Listed REITs Companies 1.33x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.8x
DB:WWA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BRT Share Price ÷ Book Value per Share (both in USD)

= 13.13 ÷ 12.02

1.09x

* Primary Listing of BRT Apartments.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BRT Apartments is good value based on assets compared to the DE REITs industry average.
X
Value checks
We assess BRT Apartments's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. BRT Apartments has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

WWA Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-38.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BRT Apartments expected to grow at an attractive rate?
  • BRT Apartments's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • BRT Apartments's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • BRT Apartments's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WWA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WWA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -38.9%
DB:WWA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.9%
Germany REITs Industry Earnings Growth Rate Market Cap Weighted Average -5.5%
Europe REITs Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:WWA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WWA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 135 -20 3
2020-09-30 126 -29 1
2019-12-31 129 -20 3
2019-09-30 124 -30 1
DB:WWA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 126 28 3
2018-12-31 125 31 32
2018-09-30 119 39 24
2018-06-30 116 36 32
2018-03-31 113 21 34
2017-12-31 108 14 4
2017-09-30 105 13 14
2017-06-30 103 10 11
2017-03-31 101 12 20
2016-12-31 102 16 35
2016-09-30 99 10 19
2016-06-30 92 3 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BRT Apartments's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • BRT Apartments's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:WWA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from BRT Apartments Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WWA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -1.23 -0.94 -1.52 2.00
2020-09-30 -1.67 -1.67 -1.67 1.00
2019-12-31 -1.26 -1.06 -1.46 2.00
2019-09-30 -1.86 -1.86 -1.86 1.00
DB:WWA Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.17
2018-12-31 2.05
2018-09-30 1.63
2018-06-30 2.28
2018-03-31 2.39
2017-12-31 0.30
2017-09-30 0.97
2017-06-30 0.79
2017-03-31 1.43
2016-12-31 2.49
2016-09-30 1.33
2016-06-30 1.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if BRT Apartments will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess BRT Apartments's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BRT Apartments has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

WWA Past Performance

  How has BRT Apartments performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BRT Apartments's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BRT Apartments has delivered over 20% year on year earnings growth in the past 5 years.
  • BRT Apartments's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • BRT Apartments's 1-year earnings growth is negative, it can't be compared to the DE REITs industry average.
Earnings and Revenue History
BRT Apartments's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BRT Apartments Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WWA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 126.39 2.82 10.00
2018-12-31 125.26 32.29 9.90
2018-09-30 119.25 23.77 9.21
2018-06-30 116.25 32.35 9.31
2018-03-31 112.78 33.63 9.17
2017-12-31 108.07 4.18 9.10
2017-09-30 105.39 13.60 9.40
2017-06-30 102.97 11.05 9.43
2017-03-31 100.70 19.93 9.49
2016-12-31 101.84 34.81 9.38
2016-09-30 98.52 18.61 9.23
2016-06-30 92.29 20.59 9.38
2016-03-31 87.79 14.23 9.27
2015-12-31 80.90 4.27 9.33
2015-09-30 81.10 3.94 9.13
2015-06-30 76.85 -4.74 9.04
2015-03-31 74.83 -4.38 8.76
2014-12-31 70.86 -8.04 8.38
2014-09-30 61.81 -5.51 8.13
2014-06-30 49.39 -11.29 6.04
2014-03-31 43.13 -10.26 6.41
2013-12-31 38.53 -6.29 6.59
2013-09-30 32.00 -4.01 6.83
2013-06-30 37.59 1.95 8.80
2013-03-31 31.64 0.99 8.52
2012-12-31 24.73 -1.05 8.66
2012-09-30 10.86 -3.05 3.16
2012-06-30 16.80 3.77 7.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BRT Apartments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BRT Apartments used its assets less efficiently than the DE REITs industry average last year based on Return on Assets.
  • BRT Apartments's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BRT Apartments's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BRT Apartments has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

WWA Health

 How is BRT Apartments's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BRT Apartments's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BRT Apartments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BRT Apartments's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of BRT Apartments's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BRT Apartments Company Filings, last reported 2 months ago.

DB:WWA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 285.52 845.78 22.63
2018-12-31 290.36 808.86 34.86
2018-09-30 296.49 829.47 31.15
2018-06-30 301.49 820.57 28.54
2018-03-31 291.38 780.25 34.05
2017-12-31 243.35 749.09 15.64
2017-09-30 236.71 734.86 13.84
2017-06-30 233.94 728.37 11.28
2017-03-31 216.91 640.16 44.97
2016-12-31 219.62 610.58 52.90
2016-09-30 201.68 627.06 27.40
2016-06-30 191.06 554.95 37.73
2016-03-31 179.73 532.61 34.79
2015-12-31 158.87 647.64 21.38
2015-09-30 160.17 488.20 15.56
2015-06-30 152.19 520.96 16.19
2015-03-31 155.74 553.98 18.01
2014-12-31 158.63 539.54 11.02
2014-09-30 168.64 519.81 23.18
2014-06-30 172.71 489.07 29.44
2014-03-31 167.92 430.62 47.99
2013-12-31 166.52 407.20 52.33
2013-09-30 165.26 350.62 56.91
2013-06-30 154.14 314.83 24.44
2013-03-31 149.96 258.23 16.64
2012-12-31 147.51 252.30 32.61
2012-09-30 147.02 206.79 78.26
2012-06-30 144.98 163.19 42.97
  • BRT Apartments's level of debt (296.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (256.7% vs 296.2% today).
  • Debt is not well covered by operating cash flow (3.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess BRT Apartments's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BRT Apartments has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

WWA Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.09%
Current annual income from BRT Apartments dividends. Estimated to be 6.09% next year.
If you bought €2,000 of BRT Apartments shares you are expected to receive €122 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BRT Apartments's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • BRT Apartments's dividend is above the markets top 25% of dividend payers in Germany (3.83%).
Upcoming dividend payment

Purchase BRT Apartments before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:WWA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany REITs Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:WWA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.80 2.00
2020-09-30 0.80 1.00
2019-12-31 0.80 2.00
2019-09-30 0.80 1.00
DB:WWA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-12 0.800 6.041
2019-03-12 0.800 5.832
2018-12-06 0.800 6.389
2018-09-14 0.800 6.919
2018-06-12 0.800 6.124
2018-03-13 0.800 6.612
2017-12-05 0.720 6.223
2017-09-12 0.720 6.940
2010-08-06 0.000 0.000
2010-08-05 0.000 0.000
2010-05-06 0.000 0.000
2010-02-09 0.000 0.000
2010-02-08 0.000 0.000
2009-12-14 0.000 0.000
2009-08-07 0.000 0.000
2009-08-06 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, BRT Apartments has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but BRT Apartments only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of BRT Apartments's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess BRT Apartments's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BRT Apartments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BRT Apartments has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WWA Management

 What is the CEO of BRT Apartments's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Gould
COMPENSATION $1,262,316
AGE 52
TENURE AS CEO 17.4 years
CEO Bio

Mr. Jeffrey A. Gould, also known as Jeff, has been the Chief Executive Officer and President of BRT Realty Trust since January 1, 2002. Mr. Gould has been a Senior Vice President of One Liberty Properties Inc. since December 1999. He serves as a Director and senior vice President of Georgetown Partners Inc., Managing General Partner OF Gould Investors L.P. since 1996. Mr. Gould serves as Senior Vice President and Director of Majestic Property Management Corp. He served as Chief Operating Officer of BRT Realty Trust from March 1996 to December 2001. He served as the President and Chief Operating Officer of One Liberty Properties Inc. from March 1996 to December 31, 2001. He has been a Director at One Liberty Properties Inc. since December 1999. He has been a Director at BRT Apartments Corp. since 1997. He is a Member of the Real Estate Board of New York Finance Committee and the Young Men's Real Estate Association of New York, Inc. Mr. Gould was voted by Real Estate NY magazine as one of the 'Top 40 under 40' leaders in the real estate industry. He received a BA from the University of Michigan in 1987. His experience in a broad range of real estate activities, including real estate evaluation and management, real estate acquisitions and dispositions, mortgage lending and his experience as BRT Apartments Corp President enables him to provide key insights on strategic, operational and financial matters related to business.

CEO Compensation
  • Jeff's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jeff's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the BRT Apartments management team in years:

12.3
Average Tenure
54
Average Age
  • The average tenure for the BRT Apartments management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jeff Gould

TITLE
President
COMPENSATION
$1M
AGE
52
TENURE
17.4 yrs

George Zweier

TITLE
VP & CFO
COMPENSATION
$483K
AGE
54

David Kalish

TITLE
Senior Vice President of Finance
COMPENSATION
$554K
AGE
71
TENURE
20.8 yrs

Mitch Gould

TITLE
Executive Vice President
COMPENSATION
$703K
AGE
46
TENURE
20.3 yrs

Mark Lundy

TITLE
Senior VP
COMPENSATION
$576K
AGE
56
TENURE
12.3 yrs

Matt Gould

TITLE
Senior VP & Director
COMPENSATION
$626K
AGE
58
TENURE
26.4 yrs

Isaac Kalish

TITLE
VP & Treasurer
AGE
43
TENURE
6.4 yrs

S. Gaffney

TITLE
Secretary
TENURE
8.9 yrs

Ryan Baltimore

TITLE
Vice President
TENURE
2.5 yrs

Brenda Maldonado

TITLE
Assistant Controller
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the BRT Apartments board of directors in years:

15.6
Average Tenure
60
Average Age
  • The average tenure for the BRT Apartments board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Izzy Rosenzweig

TITLE
Chairman of the Board
COMPENSATION
$314K
AGE
71
TENURE
6.3 yrs

Jeff Gould

TITLE
President
COMPENSATION
$1M
AGE
52
TENURE
22.4 yrs

Matt Gould

TITLE
Senior VP & Director
COMPENSATION
$626K
AGE
58
TENURE
18.4 yrs

Gary Hurand

TITLE
Director
COMPENSATION
$97K
AGE
71
TENURE
29.4 yrs

Louis Grassi

TITLE
Director
COMPENSATION
$104K
AGE
62
TENURE
16 yrs

Jeffrey Rubin

TITLE
Director
COMPENSATION
$94K
AGE
50
TENURE
15.3 yrs

Fred Gould

TITLE
Director
COMPENSATION
$80K
AGE
82
TENURE
36.4 yrs

Alan Ginsburg

TITLE
Director
COMPENSATION
$84K
AGE
79
TENURE
12.5 yrs

Jonathan Simon

TITLE
Director
COMPENSATION
$84K
AGE
52
TENURE
12.5 yrs

Elie Weiss

TITLE
Director
COMPENSATION
$91K
AGE
45
TENURE
11.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Oct 18 Buy Louis Grassi Individual 18. Sep 18 18. Sep 18 1,000 €10.55 €10,552
X
Management checks
We assess BRT Apartments's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BRT Apartments has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

WWA News

Simply Wall St News

WWA Company Info

Description

BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-Q filed with the Securities and Exchange Commission for the quarter ended December 31, 2018 and the supplemental disclosures regarding the quarter on the investor relations section of the Company’s website.

Details
Name: BRT Apartments Corp.
WWA
Exchange: DB
Founded: 1972
$184,387,595
15,900,395
Website: http://brtapartments.com
Address: BRT Apartments Corp.
60 Cutter Mill Road,
Suite 303,
Great Neck,
New York, 11021,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BRT Common Stock New York Stock Exchange US USD 14. Dec 1972
DB WWA Common Stock Deutsche Boerse AG DE EUR 14. Dec 1972
Number of employees
Current staff
Staff numbers
13
BRT Apartments employees.
Industry
Residential REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/23 20:57
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/05/30
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.