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1. Company Snapshot

1.a. Company Description

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

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1.b. Last Insights on BRT

Recent negative drivers behind BRT Apartments Corp.'s performance include concerns over stagnant profit growth, despite positive cash flow and a diversified property portfolio across the US Sunbelt. According to a recent analysis, BRT Apartments has a "hold" rating, citing the company's inability to turn a profit lately, despite generating positive cash flow that sustains its dividend. Additionally, the multifamily REIT sector, which BRT operates in, faces challenges from suppressed rent growth and occupancy, although strong job markets and reduced new supply suggest potential for landlords to regain pricing power.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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BRT Apartments Corp: Cheap With Caveats

Nov -13

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BRT Apartments Corp. Files Third Quarter 2025 Financial Statements

Nov -06

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Blindspots And Trade Shocks

Oct -12

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BRT Apartments Corp. Announces the Acquisition of Apartment Complex in Savannah, Georgia

Oct -06

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BRT Apartments Corp. Declares Third Quarter 2025 Dividend and Announces Management Appointments

Sep -11

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BRT Apartments: Buy The Dip Opportunity As Portfolio Growth Continues

Aug -31

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Brt Apartments (BRT) Q2 Revenue Up 2%

Aug -08

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Brt Apartments (BRT) Q2 Revenue Up 1.4%

Aug -08

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (2.00%)

6. Segments

Rental and Other Real Estate Properties

Expected Growth: 2.0%

BRT Apartments Corp.'s 2.0% growth in Rental and Other Real Estate Properties is driven by increasing demand for affordable housing, strategic property acquisitions, and effective cost management. Additionally, the company's focus on renovating and repositioning its portfolio has led to higher rental income and occupancy rates, contributing to its growth momentum.

Other

Expected Growth: 2.0%

BRT Apartments Corp.'s 2.0% growth is driven by increasing demand for affordable housing, strategic acquisitions, and effective cost management. The company's focus on value-add opportunities and renovation initiatives also contribute to its growth. Additionally, BRT's diversified portfolio across the Southeast and Northeast regions helps to mitigate risks and drive steady growth.

7. Detailed Products

Multifamily Properties

BRT Apartments Corp. owns and operates a diverse portfolio of multifamily properties, offering a range of apartments and amenities to residents.

Garden-Style Apartments

BRT's garden-style apartments offer a more suburban living experience, often with amenities like swimming pools and fitness centers.

Mid-Rise Apartments

BRT's mid-rise apartments provide a balance between urban convenience and suburban comfort, often with amenities like rooftop decks and fitness centers.

High-Rise Apartments

BRT's high-rise apartments offer luxurious living with premium amenities, often in prime urban locations.

Student Housing

BRT's student housing properties cater to college students, offering convenient locations and amenities tailored to their needs.

Senior Living Communities

BRT's senior living communities provide supportive living environments for seniors, with amenities like meal services and social activities.

8. BRT Apartments Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for BRT Apartments Corp. is medium due to the availability of alternative housing options in the market.

Bargaining Power Of Customers

The bargaining power of customers is low due to the lack of negotiating power of individual renters.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium due to the presence of multiple suppliers of materials and services.

Threat Of New Entrants

The threat of new entrants is high due to the relatively low barriers to entry in the apartment rental market.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of multiple competitors in the apartment rental market.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 66.80%
Debt Cost 4.89%
Equity Weight 33.20%
Equity Cost 9.58%
WACC 6.45%
Leverage 201.16%

11. Quality Control: BRT Apartments Corp. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
BRT Apartments

A-Score: 6.2/10

Value: 5.9

Growth: 5.3

Quality: 3.8

Yield: 10.0

Momentum: 3.5

Volatility: 8.7

1-Year Total Return ->

Stock-Card
NexPoint Residential Trust

A-Score: 5.9/10

Value: 6.3

Growth: 5.2

Quality: 5.5

Yield: 9.0

Momentum: 2.0

Volatility: 7.7

1-Year Total Return ->

Stock-Card
UMH Properties

A-Score: 5.8/10

Value: 4.3

Growth: 3.0

Quality: 7.1

Yield: 9.0

Momentum: 2.0

Volatility: 9.7

1-Year Total Return ->

Stock-Card
Clipper Realty

A-Score: 5.6/10

Value: 8.1

Growth: 6.2

Quality: 5.5

Yield: 10.0

Momentum: 1.0

Volatility: 3.0

1-Year Total Return ->

Stock-Card
Centerspace

A-Score: 5.5/10

Value: 6.5

Growth: 3.2

Quality: 4.4

Yield: 8.0

Momentum: 2.0

Volatility: 9.0

1-Year Total Return ->

Stock-Card
Bluerock Homes Trust

A-Score: 5.2/10

Value: 6.5

Growth: 5.6

Quality: 3.3

Yield: 9.0

Momentum: 2.0

Volatility: 5.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

14.54$

Current Price

14.54$

Potential

-0.00%

Expected Cash-Flows