BRT Apartments Management

Management criteria checks 3/4

BRT Apartments' CEO is Jeff Gould, appointed in Mar 1996, has a tenure of 28.67 years. total yearly compensation is $1.88M, comprised of 49.5% salary and 50.5% bonuses, including company stock and options. directly owns 2.57% of the company’s shares, worth €8.67M. The average tenure of the management team and the board of directors is 17.8 years and 20.7 years respectively.

Key information

Jeff Gould

Chief executive officer

US$1.9m

Total compensation

CEO salary percentage	49.5%
CEO tenure	28.7yrs
CEO ownership	2.6%
Management average tenure	17.8yrs
Board average tenure	20.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeff Gould's remuneration changed compared to BRT Apartments's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-US$10m
Mar 31 2024	n/a	n/a	US$4m
Dec 31 2023	US$2m	US$931k	US$3m
Sep 30 2023	n/a	n/a	US$1m
Jun 30 2023	n/a	n/a	US$9m
Mar 31 2023	n/a	n/a	US$33m
Dec 31 2022	US$2m	US$886k	US$47m
Sep 30 2022	n/a	n/a	US$50m
Jun 30 2022	n/a	n/a	US$71m
Mar 31 2022	n/a	n/a	US$42m
Dec 31 2021	US$2m	US$864k	US$28m
Sep 30 2021	n/a	n/a	US$26m
Jun 30 2021	n/a	n/a	-US$7m
Mar 31 2021	n/a	n/a	-US$17m
Dec 31 2020	US$1m	US$867k	-US$18m
Sep 30 2020	n/a	n/a	-US$10m
Jun 30 2020	n/a	n/a	US$343k
Mar 31 2020	n/a	n/a	US$272k
Dec 31 2019	US$1m	US$839k	US$856k
Sep 30 2019	n/a	n/a	US$3m
Jun 30 2019	n/a	n/a	-US$4m
Mar 31 2019	n/a	n/a	-US$4m
Dec 31 2018	n/a	n/a	US$25m
Sep 30 2018	US$1m	US$807k	US$24m

Compensation vs Market: Jeff's total compensation ($USD1.88M) is above average for companies of similar size in the German market ($USD1.08M).

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

CEO

Jeff Gould (58 yo)

28.7yrs

Tenure

US$1,882,891

Compensation

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

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Israel Rosenzweig	Executive Chairman of the Board	12.8yrs	US$487.71k	2.41% € 8.1m
Jeffrey Gould	President	28.7yrs	US$1.88m	2.57% € 8.7m
George Zweier	VP & CFO	26.3yrs	US$772.93k	0.58% € 1.9m
David Kalish	Senior Vice President of Finance	26.3yrs	US$923.08k	1.41% € 4.7m
Matthew Gould	Senior VP & Director	31.8yrs	US$865.64k	2.59% € 8.7m
Mitchell Gould	Executive Vice President	17.8yrs	US$971.55k	0.83% € 2.8m
Ryan Baltimore	Chief Operating Officer	2.8yrs	no data	0.36% € 1.2m
Mark Lundy	Senior VP & Counsel	17.7yrs	US$576.23k	1.58% € 5.3m
Steven Rosenzweig	Senior Vice President of Legal	5.8yrs	US$681.80k	0.46% € 1.5m
Isaac Kalish	Senior VP & Treasurer	10.8yrs	no data	0.67% € 2.3m
S. Gaffney	VP & Corporate Secretary	14.3yrs	no data	no data
Simeon Brinberg	Senior Counsel	no data	US$212.93k	no data

17.8yrs

Average Tenure

60yo

Average Age

Experienced Management: WWA's management team is seasoned and experienced (17.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Israel Rosenzweig	Executive Chairman of the Board	12.8yrs	US$487.71k	2.41% € 8.1m
Jeffrey Gould	President	27.8yrs	US$1.88m	2.57% € 8.7m
Matthew Gould	Senior VP & Director	23.8yrs	US$865.64k	2.59% € 8.7m
Fredric Gould	Director	41.8yrs	US$79.76k	2.45% € 8.3m
Jeffrey Rubin	Lead Independent Director	20.7yrs	US$123.31k	0.35% € 1.2m
Gary Hurand	Independent Director	34.8yrs	US$124.19k	2.1% € 7.1m
Louis Grassi	Independent Director	21.4yrs	US$133.31k	0.37% € 1.2m
Alan Ginsburg	Independent Director	17.9yrs	US$111.49k	0.32% € 1.1m
Jonathan Simon	Independent Director	17.9yrs	US$116.41k	0.32% € 1.1m
Elie Weiss	Independent Director	16.9yrs	US$121.01k	0.45% € 1.5m
Carol Cicero	Independent Director	2.8yrs	US$106.86k	0.042% € 140.3k

20.7yrs

Average Tenure

64yo

Average Age

Experienced Board: WWA's board of directors are seasoned and experienced ( 20.7 years average tenure).

BRT Apartments Management

Management criteria checks 3/4

Key information

Recent management updates

VP & CFO recently sold €225k worth of stock

Chief Operating Officer recently sold €102k worth of stock

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

VP & Treasurer recently sold €59k worth of stock

Insufficient new directors

Insufficient new directors

Recent updates

BRT Apartments Corp. to Report Q3, 2024 Results on Nov 07, 2024

Now 20% undervalued

Second quarter dividend of US$0.25 announced

Now 21% undervalued

Second quarter 2024 earnings released: FFO per share: US$0.3 (vs US$0.29 in 2Q 2023)

Now 21% undervalued

Now 21% undervalued

VP & CFO recently sold €225k worth of stock

First quarter dividend of US$0.25 announced

Chief Operating Officer recently sold €102k worth of stock

First quarter 2024 earnings released: US$0.18 loss per share (vs US$0.21 loss in 1Q 2023)

BRT Apartments Corp. to Report Q1, 2024 Results on May 09, 2024

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