NYSE:BRT

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Average dividend payer and fair value.


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

Stable Share Price: BRT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BRT's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-3.2%

BRT

-0.9%

US REITs

1.3%

US Market


1 Year Return

-27.7%

BRT

-8.3%

US REITs

21.0%

US Market

Return vs Industry: BRT underperformed the US REITs industry which returned -8.3% over the past year.

Return vs Market: BRT underperformed the US Market which returned 21% over the past year.


Shareholder returns

BRTIndustryMarket
7 Day-3.2%-0.9%1.3%
30 Day5.6%9.4%12.1%
90 Day-5.9%2.2%4.8%
1 Year-21.9%-27.7%-4.4%-8.3%23.7%21.0%
3 Year45.0%18.1%17.3%3.4%46.6%36.8%
5 Year156.6%105.5%45.8%16.5%94.6%73.2%

Long-Term 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 compared to its fair value and its price relative to the market?

25.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BRT ($13.15) is trading below our estimate of fair value ($17.71)

Significantly Below Fair Value: BRT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BRT is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: BRT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BRT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BRT is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (1.6x).


Next Steps

Future Growth

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

-4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRT is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BRT is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BRT is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BRT's revenue (7.6% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: BRT's revenue (7.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BRT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has BRT Apartments performed over the past 5 years?

-27.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRT is currently unprofitable.

Growing Profit Margin: BRT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BRT is unprofitable, and losses have increased over the past 5 years at a rate of 27.8% per year.

Accelerating Growth: Unable to compare BRT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BRT is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (2%).


Return on Equity

High ROE: BRT has a negative Return on Equity (-5.62%), as it is currently unprofitable.


Next Steps

Financial Health

How is BRT Apartments's financial position?


Financial Position Analysis

Short Term Liabilities: BRT's short term assets ($24.8M) exceed its short term liabilities ($21.7M).

Long Term Liabilities: BRT's short term assets ($24.8M) do not cover its long term liabilities ($168.3M).


Debt to Equity History and Analysis

Debt Level: BRT's debt to equity ratio (91.3%) is considered high.

Reducing Debt: BRT's debt to equity ratio has reduced from 307% to 91.3% over the past 5 years.

Debt Coverage: BRT's debt is not well covered by operating cash flow (2.3%).

Interest Coverage: Insufficient data to determine if BRT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

6.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BRT's dividend (6.69%) is higher than the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: BRT's dividend (6.69%) is in the top 25% of dividend payers in the US market (4.18%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BRT has been paying a dividend for less than 10 years.

Growing Dividend: BRT's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (96.1%), BRT's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BRT's dividends in 3 years are forecast to be covered by earnings (96.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.7yrs

Average management tenure


CEO

Jeff Gould (54 yo)

18.83yrs

Tenure

US$1,268,872

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD1.27M) is about average for companies of similar size in the US market ($USD1.12M).

Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Israel Rosenzweig
Executive Chairman of the Board7.67yrsUS$304.53k2.46%
$ 5.6m
Jeffrey Gould
President18.83yrsUS$1.27m2.51%
$ 5.7m
George Zweier
VP & CFO22.25yrsUS$483.67k0.47%
$ 1.1m
David Kalish
Senior Vice President of Finance22.25yrsUS$555.26k1.1%
$ 2.5m
Mitchell Gould
Executive Vice President13.83yrsUS$728.40k1.03%
$ 2.3m
Steven Rosenzweig
Senior Vice President of Legal1.83yrsUS$589.95k0.23%
$ 530.0k
Mark Lundy
Senior VP & Counsel13.67yrsUS$576.23k1.22%
$ 2.8m
Matthew Gould
Senior VP & Director19.83yrsUS$625.82k2.4%
$ 5.4m
Ryan Baltimore
Senior Vice President of Corporate Strategy & Finance1.83yrsno data0.20%
$ 441.8k
Isaac Kalish
VP & Treasurer6.83yrsno data0.35%
$ 796.2k
S. Gaffney
Secretary10.33yrsno datano data
Brenda Maldonado
Assistant Controller3.92yrsno datano data

13.7yrs

Average Tenure

55yo

Average Age

Experienced Management: BRT's management team is seasoned and experienced (13.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Israel Rosenzweig
Executive Chairman of the Board7.67yrsUS$304.53k2.46%
$ 5.6m
Jeffrey Gould
President18.83yrsUS$1.27m2.51%
$ 5.7m
Matthew Gould
Senior VP & Director19.83yrsUS$625.82k2.4%
$ 5.4m
Fredric Gould
Director37.83yrsUS$79.76k2.24%
$ 5.1m
Jeffrey Rubin
Independent Director16.67yrsUS$70.63k0.31%
$ 695.1k
Gary Hurand
Independent Director30.83yrsUS$72.63k2.26%
$ 5.1m
Louis Grassi
Independent Director17.42yrsUS$81.13k0.30%
$ 679.8k
Alan Ginsburg
Independent Director13.92yrsUS$60.88k0.27%
$ 606.6k
Jonathan Simon
Independent Director13.92yrsUS$62.38k0.27%
$ 612.2k
Elie Weiss
Independent Director12.92yrsUS$69.13k0.37%
$ 834.6k

17.0yrs

Average Tenure

62yo

Average Age

Experienced Board: BRT's board of directors are seasoned and experienced ( 17 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.7%.


Top Shareholders

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$225.870m
  • Shares outstanding: 17.18m
  • 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.


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 23:40
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.