BRT Realty Trust
BRT Apartments Corp. (the Company or BRT), a Maryland corporation, owns, operates and, to a lesser extent, develops multi-family properties. These multi-family properties may be wholly owned by us or by unconsolidated joint ventures in which the Company contributes a significant portion of the equity. At September 30, 2025, the Company: (i) wholly-owns 21 multi-family properties located in 11 sta… Read more
BRT Realty Trust (BRT) - Net Assets
Latest net assets as of September 2025: $186.66 Million USD
Based on the latest financial reports, BRT Realty Trust (BRT) has net assets worth $186.66 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($714.17 Million) and total liabilities ($527.51 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $186.66 Million |
| % of Total Assets | 26.14% |
| Annual Growth Rate | 6.42% |
| 5-Year Change | 15.32% |
| 10-Year Change | 27.93% |
| Growth Volatility | 27.34 |
BRT Realty Trust - Net Assets Trend (1985–2024)
This chart illustrates how BRT Realty Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BRT Realty Trust (1985–2024)
The table below shows the annual net assets of BRT Realty Trust from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $204.91 Million | -10.30% |
| 2023-12-31 | $228.44 Million | -8.65% |
| 2022-12-31 | $250.07 Million | +23.22% |
| 2021-12-31 | $202.95 Million | +14.22% |
| 2020-12-31 | $177.69 Million | -10.96% |
| 2019-12-31 | $199.56 Million | -32.69% |
| 2018-12-31 | $296.49 Million | +25.26% |
| 2017-12-31 | $236.71 Million | +17.37% |
| 2016-12-31 | $201.68 Million | +25.91% |
| 2015-12-31 | $160.17 Million | -5.02% |
| 2014-12-31 | $168.64 Million | +2.05% |
| 2013-12-31 | $165.26 Million | +12.41% |
| 2012-12-31 | $147.02 Million | +8.32% |
| 2011-12-31 | $135.73 Million | +4.54% |
| 2010-12-31 | $129.84 Million | +2.87% |
| 2009-12-31 | $126.22 Million | -32.47% |
| 2008-12-31 | $186.89 Million | -20.53% |
| 2007-12-31 | $235.18 Million | +52.28% |
| 2006-12-31 | $154.44 Million | +8.26% |
| 2005-12-31 | $142.66 Million | +8.02% |
| 2004-12-31 | $132.06 Million | +4.87% |
| 2003-12-31 | $125.93 Million | +10.19% |
| 2002-12-31 | $114.29 Million | +12.19% |
| 2001-12-31 | $101.87 Million | +19.64% |
| 2000-12-31 | $85.15 Million | +5.61% |
| 1999-12-31 | $80.62 Million | +15.59% |
| 1998-12-31 | $69.75 Million | +4.82% |
| 1997-12-31 | $66.54 Million | +9.27% |
| 1996-12-31 | $60.89 Million | +5.48% |
| 1995-12-31 | $57.73 Million | +4.91% |
| 1994-12-31 | $55.02 Million | -0.14% |
| 1993-12-31 | $55.10 Million | -1.25% |
| 1992-12-31 | $55.80 Million | -13.08% |
| 1991-12-31 | $64.20 Million | -13.94% |
| 1990-12-31 | $74.60 Million | -31.05% |
| 1989-12-31 | $108.20 Million | +1.88% |
| 1988-12-31 | $106.20 Million | +49.37% |
| 1987-12-31 | $71.10 Million | +93.73% |
| 1986-12-31 | $36.70 Million | +102.76% |
| 1985-12-31 | $18.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BRT Realty Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 6328500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $179.00K | 0.09% |
| Other Components | $272.27 Million | 132.84% |
| Total Equity | $204.97 Million | 100.00% |
BRT Realty Trust Competitors by Market Cap
The table below lists competitors of BRT Realty Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ranhill Holdings Ltd
KLSE:5272
|
$165.51 Million |
|
Patel Engineering Limited
NSE:PATELENG
|
$165.54 Million |
|
Rezolute Inc
NASDAQ:RZLT
|
$165.55 Million |
|
Entravision Communications Corporation
F:EV9
|
$165.58 Million |
|
Vine Hill Capital Investment Corp. Unit
NASDAQ:VCICU
|
$165.44 Million |
|
L.K. TECH.HLDGS HD -10
F:L5D
|
$165.43 Million |
|
Aofu Environmental Technology Co Ltd
SHG:688021
|
$165.41 Million |
|
JDC Group AG
XETRA:JDC
|
$165.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BRT Realty Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 228,460,000 to 204,969,000, a change of -23,491,000 (-10.3%).
- Net loss of 9,791,000 reduced equity.
- Dividend payments of 18,639,000 reduced retained earnings.
- Share repurchases of 3,495,000 reduced equity.
- Other factors increased equity by 8,434,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-9.79 Million | -4.78% |
| Dividends Paid | $18.64 Million | -9.09% |
| Share Repurchases | $3.50 Million | -1.71% |
| Other Changes | $8.43 Million | +4.11% |
| Total Change | $- | -10.28% |
Book Value vs Market Value Analysis
This analysis compares BRT Realty Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.62x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $8.77 | $14.25 | x |
| 1986-12-31 | $15.90 | $14.25 | x |
| 1987-12-31 | $16.34 | $14.25 | x |
| 1988-12-31 | $16.52 | $14.25 | x |
| 1989-12-31 | $14.70 | $14.25 | x |
| 1990-12-31 | $10.14 | $14.25 | x |
| 1991-12-31 | $8.77 | $14.25 | x |
| 1992-12-31 | $7.57 | $14.25 | x |
| 1993-12-31 | $7.53 | $14.25 | x |
| 1994-12-31 | $7.49 | $14.25 | x |
| 1995-12-31 | $6.84 | $14.25 | x |
| 1996-12-31 | $7.01 | $14.25 | x |
| 1997-12-31 | $7.80 | $14.25 | x |
| 1998-12-31 | $8.78 | $14.25 | x |
| 1999-12-31 | $11.17 | $14.25 | x |
| 2000-12-31 | $11.71 | $14.25 | x |
| 2001-12-31 | $13.95 | $14.25 | x |
| 2002-12-31 | $15.26 | $14.25 | x |
| 2003-12-31 | $16.57 | $14.25 | x |
| 2004-12-31 | $17.07 | $14.25 | x |
| 2005-12-31 | $18.26 | $14.25 | x |
| 2006-12-31 | $19.40 | $14.25 | x |
| 2007-12-31 | $22.36 | $14.25 | x |
| 2008-12-31 | $16.03 | $14.25 | x |
| 2009-12-31 | $10.41 | $14.25 | x |
| 2010-12-31 | $8.98 | $14.25 | x |
| 2011-12-31 | $9.19 | $14.25 | x |
| 2012-12-31 | $9.51 | $14.25 | x |
| 2013-12-31 | $9.82 | $14.25 | x |
| 2014-12-31 | $9.12 | $14.25 | x |
| 2015-12-31 | $8.68 | $14.25 | x |
| 2016-12-31 | $10.79 | $14.25 | x |
| 2017-12-31 | $11.84 | $14.25 | x |
| 2018-12-31 | $13.40 | $14.25 | x |
| 2019-12-31 | $12.35 | $14.25 | x |
| 2020-12-31 | $10.39 | $14.25 | x |
| 2021-12-31 | $11.88 | $14.25 | x |
| 2022-12-31 | $14.01 | $14.25 | x |
| 2023-12-31 | $12.73 | $14.25 | x |
| 2024-12-31 | $11.55 | $14.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BRT Realty Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.24%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 3.48x
- Recent ROE (-4.78%) is below the historical average (4.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 14.36% | 33.33% | 0.12x | 3.50x | $790.00K |
| 1986 | 10.63% | 35.45% | 0.15x | 1.99x | $230.00K |
| 1987 | 14.63% | 51.74% | 0.13x | 2.24x | $3.29 Million |
| 1988 | 15.25% | 50.47% | 0.15x | 1.97x | $5.58 Million |
| 1989 | 15.71% | 49.28% | 0.17x | 1.84x | $6.18 Million |
| 1990 | -28.69% | -67.94% | 0.15x | 2.86x | $-28.86 Million |
| 1991 | -16.20% | -50.24% | 0.11x | 3.05x | $-16.82 Million |
| 1992 | -15.05% | -55.26% | 0.09x | 3.16x | $-13.98 Million |
| 1993 | -7.44% | -22.53% | 0.11x | 2.94x | $-9.61 Million |
| 1994 | 0.35% | 0.88% | 0.17x | 2.39x | $-5.31 Million |
| 1995 | 5.15% | 14.77% | 0.19x | 1.81x | $-2.80 Million |
| 1996 | 3.69% | 16.57% | 0.15x | 1.47x | $-3.84 Million |
| 1997 | 11.02% | 42.75% | 0.21x | 1.21x | $679.30K |
| 1998 | 19.48% | 133.25% | 0.12x | 1.23x | $6.61 Million |
| 1999 | 14.44% | 95.67% | 0.14x | 1.05x | $3.58 Million |
| 2000 | 8.97% | 74.42% | 0.12x | 1.04x | $-879.70K |
| 2001 | 10.39% | 80.89% | 0.12x | 1.08x | $398.80K |
| 2002 | 11.01% | 76.29% | 0.12x | 1.18x | $1.16 Million |
| 2003 | 10.87% | 98.50% | 0.10x | 1.10x | $1.09 Million |
| 2004 | 9.09% | 64.59% | 0.09x | 1.50x | $-1.20 Million |
| 2005 | 11.37% | 63.05% | 0.10x | 1.87x | $1.95 Million |
| 2006 | 13.00% | 53.54% | 0.10x | 2.39x | $4.63 Million |
| 2007 | 14.91% | 81.75% | 0.13x | 1.40x | $11.55 Million |
| 2008 | -0.14% | -1.16% | 0.08x | 1.45x | $-18.94 Million |
| 2009 | -39.39% | -392.92% | 0.06x | 1.59x | $-59.88 Million |
| 2010 | -6.43% | -98.52% | 0.04x | 1.50x | $-20.47 Million |
| 2011 | 4.94% | 35.65% | 0.09x | 1.48x | $-6.53 Million |
| 2012 | 3.32% | 44.78% | 0.03x | 2.89x | $-8.91 Million |
| 2013 | 3.61% | 15.66% | 0.06x | 3.96x | $-8.87 Million |
| 2014 | -7.26% | -15.29% | 0.08x | 5.64x | $-22.47 Million |
| 2015 | -1.95% | -2.94% | 0.10x | 6.81x | $-14.65 Million |
| 2016 | 20.68% | 31.76% | 0.11x | 5.78x | $16.16 Million |
| 2017 | 8.19% | 12.86% | 0.11x | 5.99x | $-3.00 Million |
| 2018 | 12.01% | 19.87% | 0.10x | 5.83x | $3.97 Million |
| 2019 | 0.43% | 3.08% | 0.07x | 1.96x | $-19.11 Million |
| 2020 | -11.17% | -70.68% | 0.08x | 2.06x | $-37.64 Million |
| 2021 | 14.34% | 90.82% | 0.07x | 2.26x | $8.82 Million |
| 2022 | 19.97% | 70.83% | 0.10x | 2.93x | $24.95 Million |
| 2023 | 1.70% | 4.14% | 0.13x | 3.11x | $-18.97 Million |
| 2024 | -4.78% | -10.24% | 0.13x | 3.48x | $-30.29 Million |
Industry Comparison
This section compares BRT Realty Trust's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,726,949,222
- Average return on equity (ROE) among peers: -0.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BRT Realty Trust (BRT) | $186.66 Million | 14.36% | 2.83x | $165.50 Million |
| Apartment Investment and Management Co (AIV) | $1.90 Billion | 3.39% | 1.24x | $560.76 Million |
| American Homes 4 Rent (AMH) | $3.47 Million | -1.21% | 0.01x | $9.13 Billion |
| Altarea SCA (ATRRF) | $807.10 Million | -58.59% | 3.65x | $599.60 Million |
| AvalonBay Communities Inc (AVB) | $10.99 Billion | 7.15% | 0.74x | $22.59 Billion |
| Bluerock Homes Trust Inc. (BHM) | $461.97 Million | 7.43% | 0.17x | $26.77 Million |
| Boardwalk Real Estate Investment Trust (BOWFF) | $8.10 Million | 4.94% | 13.70x | $1.81 Billion |
| BSR Real Estate Investment Trust (BSRTF) | $975.75 Million | 23.29% | 1.11x | $404.42 Million |
| Canadian Apartment Properties REIT (CDPYF) | $204.11 Million | 8.76% | 1.59x | $4.34 Billion |
| Clipper Realty Inc (CLPR) | $185.59 Million | -1.27% | 4.67x | $39.85 Million |