NYSE:BRT

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Average dividend payer and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.2%

NYSE:BRT

1.0%

US REITs

0.2%

US Market


1 Year Return

8.5%

NYSE:BRT

9.1%

US REITs

-0.7%

US Market

BRT matched the REITs industry (9.3%) over the past year.

BRT outperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

BRTIndustryMarket
7 Day-0.2%1.0%0.2%
30 Day5.5%3.6%-2.7%
90 Day4.4%3.0%1.6%
1 Year15.7%8.5%14.0%9.1%1.6%-0.7%
3 Year125.1%97.7%24.2%8.0%40.0%30.9%
5 Year126.7%99.0%58.6%24.8%53.8%36.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

74.02x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

BRT Apartments's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

BRT Apartments's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

BRT Apartments is overvalued based on earnings compared to the US REITs industry average.

BRT Apartments is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

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

BRT Apartments is good value based on assets compared to the US REITs industry average.


Next Steps

Future Growth

How is BRT Apartments expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

-9.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

BRT Apartments's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).

BRT Apartments's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

BRT Apartments's revenue growth is positive but not above the United States of America market average.

BRT Apartments's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

BRT Apartments's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if BRT Apartments will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has BRT Apartments performed over the past 5 years?

38.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 US REITs industry average.


Return on Equity

BRT Apartments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

BRT Apartments used its assets less efficiently than the US REITs industry average last year based on Return on Assets.


Return on Capital Employed

BRT Apartments's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is BRT Apartments's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

BRT Apartments's level of debt (322.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (283.4% vs 322.4% today).

Debt is not well covered by operating cash flow (2.7%, 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).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

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

5.59%

Expected Dividend Yield


Dividend Yield and Payments Analysis

BRT Apartments's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

BRT Apartments's dividend is above the markets top 25% of dividend payers in United States of America (3.83%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (21.7x coverage).


Next Steps

Management

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

12.4yrs

Average management tenure


CEO

Jeff Gould (53yo)

17.6yrs

Tenure

US$1,262,316

Compensation

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  ...


CEO Compensation Analysis

Jeff's remuneration is about average for companies of similar size in United States of America.

Jeff's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

12.4yrs

Average Tenure

55yo

Average Age

The average tenure for the BRT Apartments management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

15.8yrs

Average Tenure

61yo

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.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$12,33212 Oct 18
Louis Grassi
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$12.33

Ownership Breakdown


Management Team

  • George Zweier (55yo)

    VP & CFO

    • Tenure: 0.0yrs
    • Compensation: US$483.38k
  • Matt Gould (59yo)

    Senior VP & Director

    • Tenure: 18.6yrs
    • Compensation: US$625.82k
  • Jeff Gould (53yo)

    President

    • Tenure: 17.6yrs
    • Compensation: US$1.26m
  • David Kalish (72yo)

    Senior Vice President of Finance

    • Tenure: 21.0yrs
    • Compensation: US$554.43k
  • Mark Lundy (57yo)

    Senior VP

    • Tenure: 12.4yrs
    • Compensation: US$576.23k
  • Mitch Gould (47yo)

    Executive Vice President

    • Tenure: 20.4yrs
    • Compensation: US$702.78k
  • Isaac Kalish (44yo)

    VP & Treasurer

    • Tenure: 6.6yrs
  • S. Gaffney

    Secretary

    • Tenure: 9.1yrs
  • Ryan Baltimore

    Vice President

    • Tenure: 2.7yrs
  • Brenda Maldonado

    Assistant Controller

    • Tenure: 2.7yrs

Board Members

  • Izzy Rosenzweig (72yo)

    Chairman of the Board

    • Tenure: 6.4yrs
    • Compensation: US$313.97k
  • Fred Gould (83yo)

    Director

    • Tenure: 36.6yrs
    • Compensation: US$79.76k
  • Matt Gould (59yo)

    Senior VP & Director

    • Tenure: 18.6yrs
    • Compensation: US$625.82k
  • Jeff Gould (53yo)

    President

    • Tenure: 17.6yrs
    • Compensation: US$1.26m
  • Jeffrey Rubin (51yo)

    Director

    • Tenure: 15.4yrs
    • Compensation: US$94.06k
  • Gary Hurand (72yo)

    Director

    • Tenure: 29.6yrs
    • Compensation: US$96.56k
  • Louis Grassi (63yo)

    Director

    • Tenure: 16.2yrs
    • Compensation: US$103.56k
  • Alan Ginsburg (80yo)

    Director

    • Tenure: 12.7yrs
    • Compensation: US$83.81k
  • Jonathan Simon (53yo)

    Director

    • Tenure: 12.7yrs
    • Compensation: US$84.31k
  • Elie Weiss (46yo)

    Director

    • Tenure: 11.7yrs
    • Compensation: US$91.31k

Company Information

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


Key Information

  • Name: BRT Apartments Corp.
  • Ticker: BRT
  • Exchange: NYSE
  • Founded: 1972
  • Industry: Residential REITs
  • Sector: Real Estate
  • Market Cap: US$227.483m
  • Shares outstanding: 15.90m
  • Website: https://www.brtapartments.com

Number of Employees


Location

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

Listings

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

Biography

BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-Q to be filed with the Securities and Exchange Commission  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 23:33
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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