Monitor the company's ability to improve NOI growth through its value-add program and whether higher refinancing costs will pressure margins. The extended share buyback program may provide some support, but fundamentals remain weak.
Price Chart
Executive Summary
BRT Apartments Corp. reported a net loss of $11.9 million for full year 2025, with flat revenues and declining same-store NOI. The company repurchased shares, extended its buyback program, and made two new property acquisitions through joint ventures, while refinancing existing debt at higher interest rates. Despite maintaining dividends, the financial performance shows weakening fundamentals.
Key Financial Metrics
Key Facts
- Reported net loss of $11.9 million for full year 2025, compared to $9.8 million loss in 2024
- Combined same-store NOI decreased 0.8% year-over-year in 2025
- Repurchased 321,060 shares in 2025 at $15.53 average price, with program extended through 2028
- Acquired two properties through joint ventures: 1322 North in Auburn, AL ($36.5M) and Oaks at Victory in Savannah, GA ($23M)
- Refinanced $58M in mortgages with $88.7M in new debt at higher weighted average rate of 4.97% vs. 4.38%
- Declared $0.25 per share dividend for Q1 2026, maintaining previous level
Financial Impact
Net loss increased by $2.1 million year-over-year, same-store NOI declined 0.8%
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| consolidated | $95.3M | +0.4% |
| unconsolidated | $49.9M | +10.4% |
Risk Factors
- Continuing decline in same-store NOI
- Higher interest costs from refinancing at elevated rates
- Limited revenue growth despite property acquisitions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000014846-26-000008 |
| Document: brt-20260312.htm | 0000014846-26-000008 |
| Document: 0000014846-26-000008.txt | 0000014846-26-000008 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 17, 2026 5w ago | 8-K | $13.82 | awaiting T+60 | — | $12.96 (−6.23%) |
Sep 17, 2026 5w ago | Press Release | $13.57 | awaiting T+60 | — | $12.96 (−4.50%) |
May 7, 2026 24w ago | 8-K | $14.66 $14.25 | ▼ −2.80% | ▼ −7.64% | $12.96 (−11.60%) |
Apr 24, 2026 26w ago | S-3 | $14.32 $14.95 | ▲ +4.40% | ▼ −0.38% | $12.96 (−9.50%) |
Mar 13, 2026 32w ago | Press Release | $13.86 $14.72 | ▲ +6.20% | ▼ −5.41% | $12.96 (−6.50%) |
Mar 13, 2026 32w ago | 8-K | $13.86 $14.72 | ▼ −6.20% | ▲ +5.41% | $12.96 (+6.50%) |
Mar 11, 2026 32w ago | Press Release | $14.15 $14.64 | ▲ +3.43% | ▼ −7.27% | $12.96 (−8.45%) |
Mar 4, 2026 33w ago | 8-K/A | $14.43 $14.37 | ▼ −0.41% | ▼ −11.71% | $12.96 (−10.19%) |
US Market Status
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