BRT
Owns apartment properties through wholly owned assets, JVs, and preferred equity.
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Profile
Owns and operates multifamily apartment properties, mainly in the Southeast United States and Texas. Revenue comes from tenant leases, with exposure shaped by local rental supply, refinancing needs, and a small operating team supported by Gould-linked affiliates.
Owns and operates multifamily apartment properties through wholly owned assets, unconsolidated joint ventures, and preferred-equity investments tied to apartment ventures. The current portfolio includes 31 properties concentrated in the United States, especially the Southeast and Texas.
Executes as a compact, internally managed REIT rather than a large property platform. Local managers handle day-to-day property operations, while acquisitions and JV investments are reviewed through an investment process shaped by board thresholds and partner objectives.
Depends on rental demand in each submarket, access to acceptable refinancing, and governance arrangements with Gould-linked affiliated entities that provide shared services and some management resources.
Company facts
Categories
Key statistics
Year to date +0.3% · Average volume (30d) 38.2K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | −$0.20 | $0.36 | +284.6% | $24.2M | $24.5M | +1.3% | −1.80% |
| May 7, 2026Q1 FY26 | −$0.20 | $0.39 | +295.0% | $24.3M | $24.6M | +1.4% | −0.81% |
| Mar 12, 2026Q4 FY25 | −$0.15 | $0.34 | +326.7% | $24.4M | $24.1M | −1.3% | −2.08% |
| Nov 6, 2025Q3 FY25 | $0.36 | $0.36 | 0.0% | $24.4M | $24.4M | +0.1% | −0.95% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $23.6M | $23.7M | $24.0M | $25.6M | $24.6M | $24.5M | |
| Gross profit | $13.1M | $12.6M | $12.7M | $14.6M | $750.0K | −$324.0K | |
| Operating income | $2.5M | $2.3M | $2.1M | $4.1M | $3.6M | $2.9M | |
| Net income | −$2.4M | −$2.6M | −$2.7M | −$4.3M | −$2.7M | −$3.2M | |
| Diluted EPS | −$0.12 | −$0.15 | −$0.14 | −$0.23 | −$0.14 | −$0.19 | |
| Gross margin | 55.3% | 53.2% | 52.8% | 56.8% | 3.0% | -1.3% | |
| Operating margin | 10.4% | 9.6% | 8.9% | 16.1% | 14.5% | 11.6% |
Fiscal years (4-quarter sums)FY21 $32.1M · FY22 $70.5M · FY23 $93.2M · FY24 $95.6M · FY25 $97.0M
Balance sheet, Jun 30, 2026Cash & short-term investments $22.7M · Total debt $508.5M · Total assets $691.2M · Shareholders' equity $160.5M
Dividends
Raised for 8 straight years — most recently to $0.25 from $0.23 in Jun 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 25, 2026 | Jun 25 | Jul 9 | $0.25 | |
| Mar 27, 2026 | Mar 27 | Apr 6 | $0.25 | |
| Dec 22, 2025 | Dec 22 | Jan 6 | $0.25 | |
| Sep 24, 2025 | Sep 24 | Oct 6 | $0.25 | |
| Jun 25, 2025 | Jun 25 | Jul 9 | $0.25 | |
| Mar 27, 2025 | Mar 27 | Apr 4 | $0.25 | |
| Dec 23, 2024 | Dec 23 | Jan 6 | $0.25 | |
| Sep 24, 2024 | Sep 24 | Oct 2 | $0.25 |
Ownership
Shares outstanding 18.82M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Gould Matthew J | 4.88M | 26.00% | 13D | Jul 2, 2026 |
| Jeffrey Gould · director, officer: PRESIDENT AND CEO | 4.62M | 24.52% | Form 4 | Jan 13, 2026 |
| Gould Investors L P · 10 percent owner | 4.07M | 21.65% | Form 4 | Oct 21, 2025 |
| BlackRock, Inc. | 1.06M | 5.64% | 13F | Aug 7, 2026 |
| Fredric H. Gould · director | 517.6K | 2.75% | Form 4 | Jan 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 29, 2025 | George Zweier | officer: VICE PRESIDENT - CFO | −6,801 | $14.74 |
| Oct 28, 2025 | Alan H. Ginsburg | director | −0 | $14.88 |
| Oct 20, 2025 | Jeffrey Gould | director, officer: PRESIDENT AND CEO | +7,000 | $14.96 |
| Oct 20, 2025 | Investors L. P. Gould | 10 percent owner | +7,000 | $14.96 |
| Oct 20, 2025 | Matthew J. Gould | director, officer: SENIOR VICE PRESIDENT | +7,000 | $14.96 |
Peers
- Mid-America Apartment Communities
Sun Belt apartment scale across acquisition and tenant markets
- Camden Property Trust
Large multifamily REIT with Sun Belt acquisition overlap
- Independence Realty Trust
Non-gateway apartment REIT focused on amenity-rich submarkets
- NexPoint Residential Trust
Sun Belt value-add multifamily REIT targeting workforce housing
- UDR
Diversified apartment REIT spanning coastal and select Sun Belt markets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BRT | $14.55 | +0.34% | $273.9M | — | — | 2.8 | +3.1% |
| Mid-America Apartment Communities | $128.57 | −0.84% | $15.08B | 37.9 | 41.5 | 6.8 | +1.0% |
| Camden Property Trust | $106.35 | +0.03% | $10.69B | 35.3 | 101.8 | 6.8 | −0.9% |
| Independence Realty Trust | $16.31 | +0.03% | $3.84B | 88.9 | 91.7 | 5.8 | +3.0% |
| NexPoint Residential Trust | $23.55 | −0.04% | $598.5M | — | — | 2.3 | +2.3% |
| UDR | $37.12 | −0.01% | $11.93B | 23.6 | 64.3 | 6.9 | −0.6% |
| Median | 36.6 | 78.0 | 6.8 | +1.0% |