BRT Apartments Corp (BRT)

In the past six months, BRT Apartments Corp.'s stock has experienced a decrease, trading at $15.0160 after starting the year at $18.03, representing a 16.7% decline. The company released its earnings results on November 7, reporting ($0.12) earnings per share, missing the consensus estimate of $0.35. Revenue for the quarter was $24.40 million, slightly above analyst estimates of $23.80 million. Recent news includes insider buying activity, with major shareholder Investors Gould acquiring 6,000 shares on October 15, 2025, and another major shareholder acquiring 7,000 shares on October 22, 2025. On October 6, 2025, BRT Apartments acquired the Oaks at Victory apartment complex in Savannah, Georgia, for $23 million. B. Riley Securities reiterated a "Buy" rating for BRT Apartments on October 2, 2025.

The demand for apartment rentals generally exhibits seasonality. Rental prices tend to be higher during the summer months (June, July, and August) due to increased moving activity. Conversely, demand and prices typically decrease in the winter months. BRT Apartments, as an owner and operator of multifamily assets, particularly in Sun Belt locations, is expected to benefit from healthy market fundamentals, including population growth and job in-migration, which can influence demand throughout the year.

BRT Apartments Corp. operates as a real estate investment trust (REIT) focused on owning, operating, and developing multifamily apartment properties, generating revenue through rental income, property management, and strategic acquisitions. The company's major products are multifamily apartment units, which include garden apartments, mid-rise, or townhome-style properties offering amenities such as clubhouses, swimming pools, and laundry facilities. The company aims to generate consistent returns and long-term value for its stakeholders through strategic real estate investment.

BRT Apartments Corp. has a diversified portfolio across various geographic locations, primarily concentrating its investments in high-growth Sunbelt markets. As of June 30, 2025, the company wholly-owns 21 multifamily properties with 5,420 units across 11 states. Additionally, it holds ownership interests through unconsolidated entities in eight multifamily properties with 2,527 units in four states, and investments in joint ventures for two multifamily properties. Most of these properties are situated in the Southeast United States and Texas.

BRT Apartments Corp. has an established reputation in the real estate industry, which helps attract investors and tenants. The company has been actively expanding its portfolio and implementing sustainability and technology upgrades, which generally contribute positively to its image. For instance, it acquired multiple properties in high-growth markets and introduced a new resident portal for online services.

BRT Apartments Corp. has a mixed ownership structure comprising institutional, insider, and public/individual investors. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., VGSIX - Vanguard Real Estate Index Fund Investor Shares, Renaissance Technologies Llc, and Oppenheimer & Close, LLC. Insiders hold a significant portion of the company's stock, with 42.00% held by insiders. Key individual insiders who own company stock include Investors L.P. Gould, Jeffrey Gould, Matthew J. Gould, Fredric H. Gould, and Mitchell Gould. Jeffrey Gould, the company's CEO, directly holds a portion of the total shares outstanding.