BRT Apartments Corp. (MD) Common Stock (BRT)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at BRT as a small residential REIT: 31 apartment properties and 8,311 units across 11 states, run with only 10 employees. The asset is understandable, since apartments earn rents, but I see little durable moat. Scale is modest, so pricing power is not obvious. Filed revenue has edged up: in fiscal year 2023, revenue was $93.6M; in fiscal year 2024, $95.6M; and in fiscal year 2025, $97.0M. Profits moved the other way. In fiscal year 2023, net income was $3.9M, or $0.16 per diluted share. In fiscal year 2024, the net loss was $9.8M, or $0.52 per diluted share, and in fiscal year 2025 it was $11.9M, or $0.63 per diluted share. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $24.5M and net loss was $3.2M. Because this is a REIT, depreciation distorts EPS and P/E; the right measures are FFO/AFFO, which are not in my data. So I lean on dividend yield, leverage, revenue trend and price-to-book. At the 2026-10-13 close of $13.37, FairStock figures show P/B of 1.56 and FCF yield of 2.5%. The dividend yield is 7.24%, but with D/E of 3.17, Altman Z of 0.13, Piotroski 3/9 and ROCE of 0.95%, the balance sheet looks stretched and the payout is not clearly covered by trailing FCF of $6.3M. The computed Lynch category is TURNAROUND, based on a loss in the latest year after earlier profits. I would want evidence that FFO/AFFO and cash flow are stabilizing before calling this a bargain. The price looks fair-to-full, not obviously cheap.

In plain English: BRT Apartments owns apartment buildings and earns rent from them, mostly through partnerships and joint ventures. The business looks weak right now because it has been losing money and carries a lot of debt. At $13.37 a share as of the 2026-10-13 close, the price looks fair to full rather than clearly cheap compared with its net assets and dividend.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer