BRT Apartments Management

Management criteria checks 4/4

BRT Apartments' CEO is Jeff Gould, appointed in Mar 1996, has a tenure of 28.08 years. total yearly compensation is $1.92M, comprised of 46.1% salary and 53.9% bonuses, including company stock and options. directly owns 2.53% of the company’s shares, worth $8.71M. The average tenure of the management team and the board of directors is 17.2 years and 20.1 years respectively.

Key information

Jeff Gould

Chief executive officer

US$1.9m

Total compensation

CEO salary percentage	46.1%
CEO tenure	28.1yrs
CEO ownership	2.5%
Management average tenure	17.2yrs
Board average tenure	20.1yrs

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
Dec 31 2023	n/a	n/a	US$3m
Sep 30 2023	n/a	n/a	US$2m
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
Jun 30 2018	n/a	n/a	US$32m
Mar 31 2018	n/a	n/a	US$34m
Dec 31 2017	n/a	n/a	US$4m
Sep 30 2017	US$1m	US$784k	US$14m

Compensation vs Market: Jeff's total compensation ($USD1.92M) is about average for companies of similar size in the US market ($USD2.36M).

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

CEO

Jeff Gould (57 yo)

28.1yrs

Tenure

US$1,924,234

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	12.3yrs	US$518.78k	2.39% $ 8.2m
Jeffrey Gould	President	28.1yrs	US$1.92m	2.53% $ 8.7m
George Zweier	VP & CFO	25.7yrs	US$788.26k	0.62% $ 2.1m
David Kalish	Senior Vice President of Finance	25.7yrs	US$953.23k	1.35% $ 4.7m
Matthew Gould	Senior VP & Director	31.3yrs	US$927.89k	2.36% $ 8.1m
Mitchell Gould	Executive Vice President	17.3yrs	US$1.00m	0.80% $ 2.8m
Ryan Baltimore	Chief Operating Officer	2.3yrs	no data	0.36% $ 1.2m
Mark Lundy	Senior VP & Counsel	17.1yrs	US$576.23k	1.56% $ 5.4m
Steven Rosenzweig	Senior Vice President of Legal	5.3yrs	US$681.80k	0.43% $ 1.5m
Isaac Kalish	Senior VP & Treasurer	10.3yrs	no data	0.63% $ 2.2m
S. Gaffney	VP & Corporate Secretary	13.8yrs	no data	no data
Simeon Brinberg	Senior Counsel	no data	US$212.93k	no data

17.2yrs

Average Tenure

59yo

Average Age

Experienced Management: BRT's management team is seasoned and experienced (17.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Israel Rosenzweig	Executive Chairman of the Board	12.3yrs	US$518.78k	2.39% $ 8.2m
Jeffrey Gould	President	27.3yrs	US$1.92m	2.53% $ 8.7m
Matthew Gould	Senior VP & Director	23.3yrs	US$927.89k	2.36% $ 8.1m
Fredric Gould	Director	41.3yrs	US$79.76k	0.14% $ 495.8k
Jeffrey Rubin	Independent Director	20.1yrs	US$133.53k	0.35% $ 1.2m
Gary Hurand	Independent Director	34.3yrs	US$134.43k	2.12% $ 7.3m
Louis Grassi	Independent Director	20.8yrs	US$142.70k	0.37% $ 1.3m
Alan Ginsburg	Independent Director	17.3yrs	US$122.60k	0.32% $ 1.1m
Jonathan Simon	Independent Director	17.3yrs	US$123.75k	0.34% $ 1.2m
Elie Weiss	Independent Director	16.3yrs	US$130.68k	0.43% $ 1.5m
Carol Cicero	Independent Director	2.3yrs	US$28.23k	0.042% $ 144.7k

20.1yrs

Average Tenure

63yo

Average Age

Experienced Board: BRT's board of directors are seasoned and experienced ( 20.1 years average tenure).

BRT Apartments Management

Management criteria checks 4/4

Key information

Recent management updates

Chief Operating Officer notifies of intention to sell stock

VP & CFO notifies of intention to sell stock

VP & Treasurer recently sold US$63k worth of stock

Insufficient new directors

Insufficient new directors

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

Recent updates

Consensus EPS estimates upgraded to US$0.51 loss, revenue downgraded

Upcoming dividend of US$0.25 per share

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

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.

Price target decreased by 8.0% to US$23.00

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

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

Chief Operating Officer notifies of intention to sell stock

Now 22% undervalued

BRT Apartments: A Lower Price Would Seal The Deal

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

VP & CFO notifies of intention to sell stock

Now 21% undervalued

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

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

BRT Apartments: Stock Is 30% Cheaper While Fundamentals Remain Solid

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

Consensus EPS estimates increase by 11%

New minor risk - Shareholder dilution

Second quarter 2023 earnings: EPS misses analyst expectations

BRT Apartments: Pause For Debt Resolution

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

Consensus EPS estimates increase by 20%

BRT Apartments Corp. Provides Earnings Guidance for Full Year 2023

First quarter 2023 earnings: EPS exceeds analyst expectations

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Consensus EPS estimates increase from loss to US$0.16 profit, revenue downgraded

Now 22% undervalued after recent price drop

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

VP & Treasurer recently sold US$63k worth of stock

Upcoming dividend of US$0.25 per share

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

BRT Apartments declares $0.25 dividend

Consensus forecasts updated

Insufficient new directors

Time To Consider Buying Real Estate With BRT Apartments

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

BRT Apartments Q3 2022 Earnings Preview

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

Upcoming dividend of US$0.25 per share

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

BRT Apartments declares $0.25 dividend

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

BRT Apartments JV sells multifamily property in South Carolina for $32.4M

BRT Apartments: Growing Revenues, Dividends, And Debt

Consensus forecasts updated

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

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

Consensus EPS estimates fall by 82%

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

Consensus forecasts updated

BRT Apartments Is Overlooked By The Market

BRT Apartments Corp. Declares Quarterly Dividend

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

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

Price target increased to US$28.00

Insufficient new directors

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

BRT Apartments: The 6th Best REIT Investment Of The Last 5 Years

Consensus revenue estimates increase by 40%

Price target increased to US$28.00