Declared Dividend • Jun 14
First quarter dividend of US$0.25 announced Dividend of US$0.25 is the same as last year. Ex-date: 25th June 2026 Payment date: 9th July 2026 Dividend yield will be 6.6%, which is higher than the industry average of 3.8%. Announcement • Jun 12
BRT Apartments Corp. announces Quarterly dividend, payable on July 09, 2026 BRT Apartments Corp. announced Quarterly dividend of USD 0.2500 per share payable on July 09, 2026, ex-date on June 25, 2026 and record date on June 25, 2026. New Risk • May 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (124% cash payout ratio). Reported Earnings • May 11
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: US$0.15 loss per share (further deteriorated from US$0.12 loss in 1Q 2025). Revenue: US$24.6m (flat on 1Q 2025). Net loss: US$2.68m (loss widened 20% from 1Q 2025). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Announcement • Apr 21
BRT Apartments Corp., Annual General Meeting, Jun 10, 2026 BRT Apartments Corp., Annual General Meeting, Jun 10, 2026. Location: at 60 cutter mill road, suite 303, great neck, ny., United States Major Estimate Revision • Mar 26
Consensus EPS estimates fall by 38% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -US$0.58 to -US$0.80 per share. Revenue forecast unchanged at US$99.6m. Residential REITs industry in the US expected to see average net income decline 35% next year. Consensus price target of US$18.33 unchanged from last update. Share price was steady at US$13.60 over the past week. New Risk • Mar 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (141% cash payout ratio). Significant insider selling over the past 3 months (US$100k sold). Reported Earnings • Mar 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: FFO per share: US$1.2 (up from US$1.18 in FY 2024). Revenue: US$96.9m (flat on FY 2024). Funds from operations (FFO): US$21.3m (up 1.6% from FY 2024). FFO margin: 22% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Declared Dividend • Mar 15
Fourth quarter dividend of US$0.25 announced Dividend of US$0.25 is the same as last year. Ex-date: 27th March 2026 Payment date: 6th April 2026 Dividend yield will be 7.1%, which is higher than the industry average of 3.8%. Announcement • Mar 12
BRT Apartments Corp. Declares Quarterly Dividend, Payable on April 6, 2026 BRT Apartments Corp. announced that its Board of Directors declared a quarterly dividend of $0.25 per share. The dividend is payable April 6, 2026, to stockholders of record at the close of business on March 27, 2026. The Board of Directors also announced that it approved the extension of the Company’s share repurchase program through December 31, 2028, and increased the value of the shares to be repurchased to $10 million. Buy Or Sell Opportunity • Feb 27
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at US$14.63. The fair value is estimated to be US$18.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 7.0% in 2 years. Earnings are forecast to decline by 2.7% in the next 2 years. Buy Or Sell Opportunity • Feb 08
Now 20% undervalued Over the last 90 days, the stock has risen 1.8% to US$14.78. The fair value is estimated to be US$18.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 7.0% in 2 years. Earnings are forecast to decline by 2.7% in the next 2 years. New Risk • Jan 02
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$100k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$100k sold). Recent Insider Transactions • Jan 02
VP & CFO recently sold US$100k worth of stock On the 29th of December, George Zweier sold around 7k shares on-market at roughly US$14.74 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. George has been a net seller over the last 12 months, reducing personal holdings by US$203k. Buy Or Sell Opportunity • Dec 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to US$14.32. The fair value is estimated to be US$17.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 7.0% in 2 years. Earnings are forecast to decline by 2.7% in the next 2 years. Recent Insider Transactions Derivative • Dec 21
VP & CFO notifies of intention to sell stock George Zweier intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of December. If the sale is conducted around the recent share price of US$15.20, it would amount to US$103k. Since March 2025, George has owned 117.24k shares directly. Company insiders have collectively bought US$401k more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Dec 14
Third quarter dividend of US$0.25 announced Dividend of US$0.25 is the same as last year. Ex-date: 22nd December 2025 Payment date: 6th January 2026 Dividend yield will be 6.6%, which is higher than the industry average of 3.8%. Announcement • Dec 11
BRT Apartments Corp. Declares Quarterly Dividend, Payable on January 6, 2026 BRT Apartments Corp. announced that its Board of Directors declared a quarterly dividend of $0.25 per share. The dividend is payable January 6, 2026, to stockholders of record at the close of business on December 22, 2025. Buy Or Sell Opportunity • Nov 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to US$14.13. The fair value is estimated to be US$17.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 4.5% in 2 years. Earnings are forecast to decline by 2.7% in the next 2 years. New Risk • Nov 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Reported Earnings • Nov 07
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: US$0.15 loss per share (further deteriorated from US$0.12 loss in 3Q 2024). Revenue: US$24.4m (down 1.3% from 3Q 2024). Net loss: US$2.71m (loss widened 29% from 3Q 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 6.7%. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Oct 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to US$14.80. The fair value is estimated to be US$18.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 0.7% in a year. Earnings are forecast to decline by 14% in the next year. Buy Or Sell Opportunity • Oct 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.0% to US$14.71. The fair value is estimated to be US$18.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 0.7% in a year. Earnings are forecast to decline by 14% in the next year. New Risk • Sep 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings are forecast to decline by an average of 3.9% per year for the foreseeable future. Price Target Changed • Sep 24
Price target decreased by 7.7% to US$20.00 Down from US$21.67, the current price target is an average from 2 analysts. New target price is 26% above last closing price of US$15.82. Stock is down 12% over the past year. The company is forecast to post a net loss per share of US$0.54 next year compared to a net loss per share of US$0.52 last year. Declared Dividend • Sep 15
Second quarter dividend of US$0.25 announced Dividend of US$0.25 is the same as last year. Ex-date: 24th September 2025 Payment date: 6th October 2025 Dividend yield will be 6.2%, which is higher than the industry average of 3.8%. Recent Insider Transactions • Sep 12
Director recently bought US$504k worth of stock On the 11th of September, Fredric Gould bought around 32k shares on-market at roughly US$15.96 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$536k more in shares than they bought in the last 12 months. Reported Earnings • Aug 10
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: FFO per share: US$0.3 (down from US$0.31 in 2Q 2024). Revenue: US$24.2m (flat on 2Q 2024). Funds from operations (FFO): US$5.45m (flat on 2Q 2024). FFO margin: 23% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Announcement • Jul 23
BRT Apartments Corp. (NYSE:BRT) and other acquired A 214-unit Class A apartment complex in Auburn, Alabama for $36.5 million. BRT Apartments Corp. (NYSE:BRT) and other acquired A 214-unit Class A apartment complex in Auburn, Alabama for $36.5 million on July 21, 2025. BRT acquired the property for $36.5 million (including a $24.4 million mortgage) through a joint venture in which it has an 80% equity interest. The mortgage matures in 2032, bears a 5.38% fixed interest rate, and is interest only through maturity. The joint venture contributed $13.4 million of equity for the transaction of which $10.7 million was contributed by BRT. In connection with its equity contribution, BRT borrowed $7.0 million from its $40 million credit facility which bears a current interest rate of 6.87%. BRT intends to pay off this outstanding balance through mortgage financings and refinancing's from time-to-time through March 31, 2026.
BRT Apartments Corp. (NYSE:BRT) and other completed the acquisition of A 214-unit Class A apartment complex in Auburn, Alabama on July 21, 2025. Declared Dividend • Jun 08
First quarter dividend of US$0.25 announced Dividend of US$0.25 is the same as last year. Ex-date: 25th June 2025 Payment date: 9th July 2025 Dividend yield will be 6.2%, which is higher than the industry average of 3.8%. Announcement • Jun 05
BRT Apartments Corp. Announces Quarterly Dividend, Payable on July 9, 2025 BRT Apartments Corp. announced that its Board of Directors declared a quarterly dividend of $0.25 per share. The dividend is payable on July 9, 2025, to stockholders of record at the close of business on June 25, 2025. Buy Or Sell Opportunity • Jun 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to US$15.76. The fair value is estimated to be US$19.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 0.2% in a year. Earnings are forecast to decline by 16% in the next year. Reported Earnings • May 09
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: US$0.13 loss per share (improved from US$0.17 loss in 1Q 2024). Revenue: US$24.1m (up 2.0% from 1Q 2024). Net loss: US$2.35m (loss narrowed 22% from 1Q 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Apr 18
BRT Apartments Corp., Annual General Meeting, Jun 04, 2025 BRT Apartments Corp., Annual General Meeting, Jun 04, 2025. Location: 60 cutter mill road, great neck, new york United States New Risk • Apr 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$103k sold). Recent Insider Transactions • Mar 28
VP & CFO recently sold US$103k worth of stock On the 26th of March, George Zweier sold around 6k shares on-market at roughly US$18.05 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. George has been a net seller over the last 12 months, reducing personal holdings by US$345k. Major Estimate Revision • Mar 27
Consensus EPS estimates fall by 33% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$98.5m to US$96.4m. Losses expected to increase from US$0.51 per share to US$0.67. Residential REITs industry in the US expected to see average net income decline 6.0% next year. Consensus price target broadly unchanged at US$21.67. Share price fell 3.5% to US$17.56 over the past week. Recent Insider Transactions Derivative • Mar 26
VP & CFO notifies of intention to sell stock George Zweier intends to sell 13k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of March. If the sale is conducted around the recent share price of US$18.28, it would amount to US$229k. Since June 2024, George's direct individual holding has increased from 113.84k shares to 122.94k. Company insiders have collectively sold US$1.3m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Mar 14
Fourth quarter dividend of US$0.25 announced Dividend of US$0.25 is the same as last year. Ex-date: 27th March 2025 Payment date: 4th April 2025 Dividend yield will be 5.7%, which is higher than the industry average of 3.8%. Reported Earnings • Mar 13
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: FFO per share: US$1.2 (down from US$1.26 in FY 2023). Revenue: US$97.3m (up 1.6% from FY 2023). Funds from operations (FFO): US$20.9m (down 7.5% from FY 2023). FFO margin: 22% (down from 24% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Price Target Changed • Mar 13
Price target increased by 18% to US$25.67 Up from US$21.67, the current price target is an average from 3 analysts. New target price is 43% above last closing price of US$17.89. Stock is up 14% over the past year. The company is forecast to post a net loss per share of US$0.51 next year compared to a net loss per share of US$0.52 last year. Announcement • Mar 12
BRT Apartments Corp. Declares First Quarter 2025 Dividend, Payable on April 4, 2025 BRT APARTMENTS CORP. announced that its Board of Directors declared a quarterly dividend of $0.25 per share. The dividend is payable April 4, 2025, to stockholders of record at the close of business on March 27, 2025. Buy Or Sell Opportunity • Dec 18
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to US$18.27. The fair value is estimated to be US$23.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 8.9% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Declared Dividend • Dec 15
Third quarter dividend of US$0.25 announced Dividend of US$0.25 is the same as last year. Ex-date: 23rd December 2024 Payment date: 6th January 2025 Dividend yield will be 5.3%, which is higher than the industry average of 3.8%. Announcement • Dec 12
BRT Apartments Corp. Announces Quarterly Dividend, Payable on January 6, 2025 BRT Apartments Corp. announced that its Board of Directors declared a quarterly dividend of $0.25 per share. The dividend is payable January 6, 2025, to stockholders of record at the close of business on December 23, 2024. BRT anticipates that this dividend will be included in 2025 Federal taxable income. Recent Insider Transactions • Nov 14
Executive Vice President recently sold US$527k worth of stock On the 12th of November, Mitchell Gould sold around 28k shares on-market at roughly US$18.74 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$901k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 13
Executive Vice President notifies of intention to sell stock Mitchell Gould intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of November. If the sale is conducted around the recent share price of US$18.75, it would amount to US$938k. Since March 2024, Mitchell's direct individual holding has increased from 156.76k shares to 163.58k. Company insiders have collectively sold US$374k more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Nov 11
Price target decreased by 16% to US$21.67 Down from US$25.83, the current price target is an average from 3 analysts. New target price is 16% above last closing price of US$18.69. Stock is up 11% over the past year. The company is forecast to post a net loss per share of US$0.59 compared to earnings per share of US$0.16 last year. Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: US$0.12 loss per share (further deteriorated from US$0.088 loss in 3Q 2023). Revenue: US$24.4m (flat on 3Q 2023). Net loss: US$2.21m (loss widened 41% from 3Q 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Oct 31
BRT Apartments Corp. to Report Q3, 2024 Results on Nov 07, 2024 BRT Apartments Corp. announced that they will report Q3, 2024 results on Nov 07, 2024 Buy Or Sell Opportunity • Oct 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.6% to US$17.54. The fair value is estimated to be US$22.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.5% in 2 years. Earnings are forecast to grow by 0.9% in the next 2 years. Buy Or Sell Opportunity • Sep 30
Now 20% undervalued Over the last 90 days, the stock has risen 2.4% to US$17.58. The fair value is estimated to be US$21.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 1.3% in a year. Earnings are forecast to decline by 4.9% in the next year. Declared Dividend • Sep 13
Second quarter dividend of US$0.25 announced Dividend of US$0.25 is the same as last year. Ex-date: 24th September 2024 Payment date: 2nd October 2024 Dividend yield will be 5.3%, which is higher than the industry average of 3.8%. Buy Or Sell Opportunity • Aug 22
Now 21% undervalued Over the last 90 days, the stock has risen 3.8% to US$17.91. The fair value is estimated to be US$22.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 1.8% in a year. Earnings are forecast to decline by 8.2% in the next year. Price Target Changed • Aug 12
Price target increased by 22% to US$25.83 Up from US$21.17, the current price target is an average from 3 analysts. New target price is 50% above last closing price of US$17.21. Stock is down 7.8% over the past year. The company is forecast to post a net loss per share of US$0.60 compared to earnings per share of US$0.16 last year. Reported Earnings • Aug 11
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: US$0.13 loss per share (down from US$0.59 profit in 2Q 2023). Revenue: US$23.9m (up 1.2% from 2Q 2023). Net loss: US$2.35m (down 122% from profit in 2Q 2023). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 01
Now 21% undervalued Over the last 90 days, the stock has risen 5.1% to US$17.13. The fair value is estimated to be US$21.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 0.3% in a year. Earnings are forecast to decline by 381% in the next year. Recent Insider Transactions • Jun 21
VP & CFO recently sold US$242k worth of stock On the 18th of June, George Zweier sold around 14k shares on-market at roughly US$17.15 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was George's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Jun 19
VP & CFO notifies of intention to sell stock George Zweier intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of June. If the sale is conducted around the recent share price of US$17.24, it would amount to US$243k. Since December 2023, George's direct individual holding has increased from 112.24k shares to 127.96k. Company insiders have collectively sold US$132k more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Jun 18
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 09 July 2024. Trailing yield: 5.7%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (3.6%). Declared Dividend • Jun 13
First quarter dividend of US$0.25 announced Dividend of US$0.25 is the same as last year. Ex-date: 25th June 2024 Payment date: 9th July 2024 Dividend yield will be 5.7%, which is higher than the industry average of 3.8%. Buy Or Sell Opportunity • Jun 06
Now 20% undervalued Over the last 90 days, the stock has risen 9.4% to US$17.63. The fair value is estimated to be US$22.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 0.3% in a year. Earnings are forecast to decline by 381% in the next year. Major Estimate Revision • May 19
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$96.4m to US$94.8m. Losses expected to increase from US$0.51 per share to US$0.62. Residential REITs industry in the US expected to see average net income decline 23% next year. Consensus price target broadly unchanged at US$21.50. Share price fell 2.4% to US$17.64 over the past week. Recent Insider Transactions • May 16
Chief Operating Officer recently sold US$110k worth of stock On the 14th of May, Ryan Baltimore sold around 6k shares on-market at roughly US$17.60 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ryan has been a net seller over the last 12 months, reducing personal holdings by US$132k. Reported Earnings • May 09
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: US$0.18 loss per share (improved from US$0.21 loss in 1Q 2023). Revenue: US$23.4m (down 1.5% from 1Q 2023). Net loss: US$3.17m (loss narrowed 17% from 1Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Buy Or Sell Opportunity • May 09
Now 20% undervalued Over the last 90 days, the stock has risen 12% to US$18.27. The fair value is estimated to be US$22.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 0.5% in a year. Earnings are forecast to decline by 350% in the next year. Announcement • Apr 28
BRT Apartments Corp. to Report Q1, 2024 Results on May 09, 2024 BRT Apartments Corp. announced that they will report Q1, 2024 results on May 09, 2024 Announcement • Apr 23
BRT Apartments Corp., Annual General Meeting, Jun 11, 2024 BRT Apartments Corp., Annual General Meeting, Jun 11, 2024, at 09:00 US Eastern Standard Time. Location: 60 Cutter Mill Road, Great Neck Great Neck New York United States Agenda: To consider the election of three class I directors, each to serve until the 2027 annual meeting of stockholders and until his or her successor is duly elected and qualifies; to consider a proposal to ratify the appointment of ernst & young llp as independent registered public accounting firm for the year ending december 31, 2024; to consider a proposal to approve the brt apartment corp. 2024 incentive plan; and to discuss other matters. Major Estimate Revision • Mar 21
Consensus EPS estimates upgraded to US$0.51 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$100.6m to US$97.0m. 2024 losses expected to reduce from -US$0.62 to -US$0.51 per share. Residential REITs industry in the US expected to see average net income decline 34% next year. Consensus price target down from US$24.50 to US$21.00. Share price rose 6.6% to US$16.74 over the past week. Upcoming Dividend • Mar 19
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 26 March 2024. Payment date: 04 April 2024. Trailing yield: 6.2%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.8%). Reported Earnings • Mar 14
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: FFO per share: US$1.3 (down from US$1.31 in FY 2022). Revenue: US$95.9m (up 32% from FY 2022). Funds from operations (FFO): US$22.6m (down 2.7% from FY 2022). FFO margin: 24% (down from 32% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 14
Fourth quarter dividend of US$0.25 announced Dividend of US$0.25 is the same as last year. Ex-date: 26th March 2024 Payment date: 4th April 2024 Dividend yield will be 6.4%, which is higher than the industry average of 3.8%. Announcement • Mar 14
BRT Apartments Corp. has filed a Follow-on Equity Offering in the amount of $10.913 million. BRT Apartments Corp. has filed a Follow-on Equity Offering in the amount of $10.913 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 700,000
Price\Range: $15.59
Transaction Features: Dividend Reinvestment Plan Price Target Changed • Mar 13
Price target decreased by 8.0% to US$23.00 Down from US$25.00, the current price target is an average from 2 analysts. New target price is 40% above last closing price of US$16.45. Stock is down 11% over the past year. The company is forecast to post earnings per share of US$0.20 for next year compared to US$2.67 last year. Announcement • Mar 12
BRT Apartments Corp. Announces Quarterly Dividend, Payable on April 4, 2024 BRT Apartments Corp. announced that its Board of Directors declared a quarterly dividend of $0.25 per share. The dividend is payable April 4, 2024, to stockholders of record at the close of business on March 27, 2024. Announcement • Feb 22
BRT Apartments Corp. to Report Q4, 2023 Results on Mar 12, 2024 BRT Apartments Corp. announced that they will report Q4, 2023 results After-Market on Mar 12, 2024 Recent Insider Transactions Derivative • Jan 19
Chief Operating Officer notifies of intention to sell stock Ryan Baltimore intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of January. If the sale is conducted around the recent share price of US$18.10, it would amount to US$136k. Since June 2023, Ryan's direct individual holding has increased from 62.78k shares to 71.78k. Company insiders have collectively sold US$91k more than they bought, via options and on-market transactions in the last 12 months. Buying Opportunity • Dec 29
Now 22% undervalued Over the last 90 days, the stock is up 7.6%. The fair value is estimated to be US$23.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 58% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.6% in 2 years. Earnings is forecast to decline by 698% in the next 2 years. Upcoming Dividend • Dec 12
Upcoming dividend of US$0.25 per share at 5.4% yield Eligible shareholders must have bought the stock before 19 December 2023. Payment date: 05 January 2024. Trailing yield: 5.4%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (3.8%). Recent Insider Transactions Derivative • Dec 10
VP & CFO notifies of intention to sell stock George Zweier intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of December. If the sale is conducted around the recent share price of US$18.88, it would amount to US$132k. Since March 2023, George has owned 119.24k shares directly. Company insiders have collectively sold US$410k more than they bought, via options and on-market transactions in the last 12 months. Buying Opportunity • Dec 05
Now 21% undervalued Over the last 90 days, the stock is up 3.4%. The fair value is estimated to be US$23.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 58% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.6% in a year. Earnings is forecast to decline by 549% in the next year. Announcement • Dec 05
BRT Apartments Corp. Announces Quarterly Dividend, Payable January 5, 2024 BRT Apartments Corp. announced that its Board of Directors declared a quarterly dividend of $0.25 per share. The dividend is payable January 5, 2024, to stockholders of record at the close of business on December 20, 2023. The Company estimates that substantially all of this dividend will be included in 2024 taxable income. Reported Earnings • Nov 07
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: US$0.084 loss per share (down from US$0.37 profit in 3Q 2022). Revenue: US$23.9m (down 28% from 3Q 2022). Net loss: US$1.49m (down 122% from profit in 3Q 2022). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Oct 25
BRT Apartments Corp. to Report Q3, 2023 Results on Nov 06, 2023 BRT Apartments Corp. announced that they will report Q3, 2023 results After-Market on Nov 06, 2023 Announcement • Sep 22
BRT Apartments Corp. Declares Dividend for Third Quarter 2023, Payable on October 11, 2023 BRT APARTMENTS CORP. announced the Board of Directors has declared a quarterly dividend of $0.25 per share. The dividend is payable on October 11, 2023 to stockholders of record at the close of business on October 3, 2023. Major Estimate Revision • Aug 14
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$0.18 to US$0.20. Revenue forecast steady at US$93.8m. Net income forecast to shrink 119% next year vs 23% decline forecast for Residential REITs industry in the US. Consensus price target broadly unchanged at US$25.00. Share price fell 3.2% to US$19.09 over the past week. New Risk • Aug 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.1% operating cash flow to total debt). Earnings are forecast to decline by an average of 187% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (104% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Significant insider selling over the past 3 months (US$1.0m sold). Reported Earnings • Aug 08
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: FFO per share: US$0.3 (up from US$0.22 in 2Q 2022). Revenue: US$38.5m (down 30% from 2Q 2022). Funds from operations (FFO): US$5.30m (up 40% from 2Q 2022). FFO margin: 14% (up from 6.9% in 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.