BRT Apartments Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BRT Apartments Corp. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	106	120	23.4	27.8	28.1	32.1	70.5	93.6	95.6	97
Cost of revenue				22.8	3.64					0.16
Gross profit				4.94	24.5					96.9
General and administrative	9.4	9.21	9.38	10.1	11.7	12.6	14.7	15.4	15.6	15.5
Operating expenses	119	140
Operating income	-13.6	-20.1	-8.02	-8.37	-13.5	-10.1	-15	-14.3	-12.3	-12.5
Income tax	1.56	0.05	0	0.27	0.25	0.21	0.82	0.05	-0.23	0.17
Income from continuing operations	13.6	23.8
Net income to minority interests	22	24.2	0.13	0.84	0.13	0.14	0.14	0.14	0.16	0.17
Net income	13.6	23.8	25.5	0.86	-19.9	29.1	50	3.87	-9.79	-11.9
EBITDA	16.9	18.4	-3.09	-2.46	-6.72	-2.04	9.8	14.2	13.6	13.9
EPS, basic	0.97	1.63	1.70	0.05	-1.16	1.63	2.67	0.16	-0.52	-0.63
EPS, diluted	0.97	1.61	1.68	0.05	-1.16	1.62	2.66	0.16	-0.52	-0.63
Shares, basic (weighted)	14	14.6	15	16	17.1	17	17.8	17.9	17.8	18
Shares, diluted (weighted)	14	14.8	15.2	16.2	17.1	17.1	17.9	17.9	17.8	18
Dividend per share	0.18	0.78	0.80	0.84	0.88	0.90	0.98	1.00	1.00	1.00

Balance sheet

	FY2017	FY2018	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	12.4	18.2	23.5	22.7	19.9	32.3	20.3	23.5	27.9	25.1
Lease right-of-use assets				2.82	2.65	2.57	2.37	2.18	2	1.83
Total assets	994	375	395	391	366	460	733	710	713	710
Total liabilities	757	176	191	191	188	257	483	482	509	533
Paid-in capital	202	223	223	232	246	258	274	267	272	275
Retained earnings	-37	-24.9	-20	-32.8	-68	-55.4	-24	-39	-67.5	-98.3
Shareholders' equity	166	198	203	200	178	203	250	228	205	177
Minority interests	70.7	0.34	0.33	-0.09	-0.08	-0.01	-0.02	-0.02	-0.06	-0.04
Total equity	237	199	204	200	178	203	250	228	205	177
Total liabilities and equity	994	375	395	391	366	460	733	710	713	710
Shares outstanding	13.3		15	15.6	16.4	17.3	18	17.5	17.9	17.9

Cash flow statement

	FY2017	FY2018	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	35.6	48	25.6	1.69	-19.7	29.3	50.1	4.02	-9.64	-11.8
Depreciation and amortization	30.5	38.5	4.93	5.92	6.74	8.03	24.8	28.5	25.9	26.4
Stock-based compensation	1.22	0.99	1	1.49	1.82	2.94	4.49	4.77	4.88	4.69
Change in payables	0.7	4.76	1	3.77	-0.42	-4.18	-3.92	-0.68	2.9	-0.59
Cash from operations	13.1	38.6	27	8.65	-1.76	-0.53	15.5	19.6	24.1	14.1
Cash from investing	-76.9	-50.8	-14.8	22.9	4.84	-22.1	-15.8	16.7	-18.9	-21.5
Stock issued	0	20.4	20.4	7.52	12.1	9.62	9.95	0
Share buybacks	-0.19	-0.04	-0.16	-0.05	-0.62	0	0	-14.4	-3.5	-4.99
Dividends paid	0	0	-12.1	-13.5	-15.1	-15.8	-17.9	-18.9	-18.6	-18.9
Cash from financing	48.8	27.2	5.7	-30.9	-6.81	32.9	-13.4	-32.2	3.57	2.43
Net change in cash	-15	15	17.9	0.7	-3.73	10.2	-13.7	4.05	8.8	-4.96
Interest paid	27.1	33.1	6.19	7.51	6.89	6.52	14.1	20.4	20.9	21.9
Income taxes paid	1.88	0.24	0.26	0.32	0.29	0.17	0.28	0.69	-0.44	0.21

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $13.77 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	-12.6%	Operating income / revenue.
EBITDA margin	14.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Net margin	-13.2%	Net income / revenue.
Operating cash flow margin	14.1%	Cash from operations / revenue.
Return on equity (ROE)	-8.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-1.9%	Net income / average total assets.
Return on invested capital (ROIC)	-7.1%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
D&A / revenue	27.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	1.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	11.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	28.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit CAGR, 5y	31.7%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	2.1%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	12.4%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-41.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-3.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	0.7%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	2.6%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-13.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-10.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-0.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-0.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-1.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	14.2%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	1.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	76.8%	Total liabilities / total assets.
Tangible book value	$160.5M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.14x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.72	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$5.44	Revenue / diluted weighted shares.
Operating cash flow per share	$0.77	Cash from operations / diluted weighted shares.
Book value per share	$8.90	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$8.90	Tangible book value / shares outstanding.
Cash per share	$1.26	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$258.8M	Share price x shares outstanding.
Enterprise value	$236.1M	Market cap + total debt - cash - short-term investments.
P/S	2.65x	Market cap / revenue.
P/B	1.61x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.61x	Market cap / tangible book value, when positive.
P/OCF	18.8x	Market cap / cash from operations, when positive.
EV/Sales	2.41x	Enterprise value / revenue.
EV/EBITDA	16.5x	Enterprise value / EBITDA, when both are positive.
Earnings yield	-5.0%	Net income / market cap (the inverse of P/E).
Dividend yield	5.9%	Dividends paid over the period / market cap.
Shareholder yield	8.9%	(Dividends paid + share buybacks) / market cap.

What was BRT Apartments Corp.'s revenue in fiscal 2025?

BRT Apartments Corp. reported revenue of $97.0M for fiscal 2025, 1.5% higher than the year before.

Was BRT Apartments Corp. profitable in fiscal 2025?

No. It reported a net loss of $11.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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