BRT Apartments (BRT) Company Report

BRT Apartments Corp. successfully completed the refinancing of three maturing mortgages, replacing $42.7 million in debt at a weighted average interest rate of 4.36% with approximately $71.9 million in new mortgage debt. The new debt has a weighted average interest rate of 4.95% and a weighted average remaining term to maturity of approximately nine years.
The company used $17.5 million of the proceeds from the refinancing to pay off the outstanding balance of its credit facility.
Jeffrey A. Gould, President and Chief Executive Officer, stated that these refinancings position BRT with the financial resources to pursue future investment opportunities in its core Sunbelt markets, focusing on value-enhancing opportunities.

Dec 17, 2025, 9:26 PM

BRT Apartments Completes Debt Refinancings

BRT

Debt Issuance

New Projects/Investments

BRT Apartments Corp. has refinanced three mortgages totaling $42.7 million at a weighted average interest rate of 4.36%.
The new mortgage debt amounts to approximately $71.9 million with a weighted average interest rate of 4.95% and a remaining term of approximately nine years.
$17.5 million of the refinancing proceeds were used to pay off the outstanding balance of the credit facility.
The company is now well-positioned with financial resources to pursue future investment opportunities in its core Sunbelt markets.

Dec 17, 2025, 9:15 PM

BRT Apartments Corp. Reports Q3 2025 Results and Recent Acquisitions

BRT

Earnings

New Projects/Investments

Share Buyback

BRT Apartments Corp. reported a net loss per diluted share of $0.14 for the third quarter of 2025, with Funds from Operations (FFO) of $0.28 per diluted share and Adjusted Funds from Operations (AFFO) of $0.36 per diluted share.
The company acquired two new properties through unconsolidated joint ventures: 1322 North (214 units) in Auburn, AL, for $36.5 million on July 15, 2025, and Oaks at Victory (150 units) in Savannah, GA, for $23.0 million on September 19, 2025.
Combined Portfolio Net Operating Income (NOI) was $15.3 million for the third quarter of 2025, compared to $15.6 million for the corresponding prior-year period.
As of October 31, 2025, the company is authorized to repurchase up to $8.8 million in BRT shares under its repurchase program, having repurchased 142,080 shares for $2,385,300 year-to-date through June 30, 2025.

Nov 6, 2025, 9:26 PM

BRT Apartments Corp. Acquires Apartment Complex in Savannah, Georgia

BRT

M&A

New Projects/Investments

Debt Issuance

BRT Apartments Corp. acquired Oaks at Victory, a 150-unit apartment complex in Savannah, Georgia, for $23.0 million.
The acquisition was made through a joint venture in which BRT owns an 80% equity interest, financed by a $15.7 million mortgage at 2.71% interest and $8.0 million borrowed from its credit facility.
This purchase is BRT's first in Savannah and aligns with its strategy to invest in growing markets in the Southeast.
As of October 6, 2025, BRT has $17.5 million outstanding on its $40.0 million credit facility, which carries a 6.63% interest rate, and anticipates paying off this debt by December 2025.