Latest Ratios: P/E Ratio -21.0x · EV/EBITDA 19.9x · ROE -6.3%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $261M | $265M | $320M | $334M | $351M | $410M | $260M | $274M | $178M | $150M | $112M |
| Enterprise Value | $744M | $748M | $776M | $770M | $790M | $615M | $408M | $422M | $980M | $1.6B | $710M |
| P/E Ratio → | -20.97 | — | — | 116.19 | 7.38 | 14.81 | — | 169.70 | 7.48 | 11.05 | 3.59 |
| P/S Ratio | 2.68 | 2.73 | 3.35 | 3.56 | 4.97 | 12.79 | 9.26 | 9.88 | 1.49 | 1.42 | 1.14 |
| P/B Ratio | 1.41 | 1.49 | 1.56 | 1.46 | 1.40 | 2.02 | 1.46 | 1.37 | 0.60 | 0.63 | 0.56 |
| P/FCF | 39.20 | 39.84 | 17.79 | 33.49 | 40.16 | — | — | 38.81 | 8.16 | 39.62 | — |
| P/OCF | 18.48 | 18.78 | 13.26 | 17.02 | 23.34 | — | — | 31.72 | 4.61 | 11.48 | 11.12 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.71 | 8.11 | 8.22 | 11.21 | 19.17 | 14.51 | 15.20 | 8.19 | 14.85 | 7.21 |
| EV / EBITDA | 19.88 | 19.99 | 21.43 | 21.17 | 31.22 | 117.41 | 101.34 | 79.04 | 18.58 | 92.80 | 50.57 |
| EV / EBIT | 67.51 | 62.80 | 60.93 | 29.34 | 11.90 | 16.97 | — | 43.23 | 11.89 | 24.03 | 12.45 |
| EV / FCF | — | 112.54 | 43.12 | 77.26 | 90.52 | — | — | 59.69 | 44.92 | 414.07 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 0.2% | 0.2% | 54.5% | 55.3% | 56.7% | 55.7% | 56.0% | 55.6% | 51.8% | 51.5% | 51.8% |
| Operating Margin | 11.4% | 11.4% | 10.8% | 8.4% | 0.7% | -8.7% | -9.7% | -2.1% | 11.9% | -12.8% | -9.3% |
| Net Profit Margin | -12.3% | -12.3% | -10.2% | 4.1% | 70.8% | 90.8% | -70.7% | 3.1% | 19.9% | 12.9% | 31.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -6.3% | -6.3% | -4.5% | 1.6% | 22.1% | 15.3% | -10.5% | 0.3% | 8.9% | 6.2% | 17.3% |
| ROA | -1.7% | -1.7% | -1.4% | 0.5% | 8.4% | 7.1% | -5.3% | 0.1% | 2.2% | 1.5% | 3.7% |
| ROIC | 1.3% | 1.3% | 1.2% | 0.9% | 0.1% | -0.6% | -0.6% | -0.1% | 0.8% | -0.8% | -0.7% |
| ROCE | 1.6% | 1.6% | 1.5% | 1.1% | 0.1% | -0.7% | -0.8% | -0.1% | 1.4% | -1.5% | -1.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.87 | 2.87 | 2.36 | 2.01 | 1.84 | 1.17 | 0.94 | 0.85 | 2.80 | 6.05 | 3.10 |
| Debt / EBITDA | 13.59 | 13.59 | 13.36 | 12.64 | 18.17 | 45.28 | 41.63 | 31.90 | 15.72 | 84.65 | 44.54 |
| Net Debt / Equity | — | 2.73 | 2.22 | 1.91 | 1.76 | 1.01 | 0.83 | 0.74 | 2.71 | 6.00 | 2.97 |
| Net Debt / EBITDA | 12.91 | 12.91 | 12.59 | 11.99 | 17.37 | 39.10 | 36.69 | 27.65 | 15.20 | 83.92 | 42.59 |
| Debt / FCF | — | 72.71 | 25.33 | 43.77 | 50.36 | — | — | 20.88 | 36.76 | 374.45 | — |
| Interest Coverage | 0.51 | 0.51 | 0.56 | 1.18 | 4.28 | 5.36 | -1.74 | 1.25 | 2.40 | 2.32 | 2.39 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.86 | 0.86 | 1.96 | 1.10 | 0.51 | 2.21 | 1.40 | 1.76 | 2.84 | 1.48 | 1.85 |
| Quick Ratio | 0.86 | 0.86 | 1.96 | 1.10 | 0.51 | 2.21 | 1.40 | 1.76 | 2.84 | 1.48 | 1.85 |
| Cash Ratio | 0.79 | 0.79 | 1.12 | 1.07 | 0.49 | 1.65 | 0.97 | 1.09 | 1.00 | 0.55 | 0.57 |
| Asset Turnover | — | 0.14 | 0.13 | 0.13 | 0.10 | 0.07 | 0.08 | 0.07 | 0.10 | 0.11 | 0.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 7.6% | 7.1% | 5.8% | 5.7% | 5.1% | 3.8% | 5.8% | 4.9% | 6.8% | 1.5% | 2.1% |
| Payout Ratio | — | — | — | 488.2% | 35.8% | 54.2% | — | 1573.4% | 50.8% | — | 7.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 0.9% | 13.5% | 6.8% | — | 0.6% | 13.4% | 9.0% | 27.9% |
| FCF Yield | 2.6% | 2.5% | 5.6% | 3.0% | 2.5% | — | — | 2.6% | 12.3% | 2.5% | — |
| Buyback Yield | 1.9% | 1.9% | 1.1% | 4.3% | 0.0% | 0.0% | 0.2% | 0.0% | 0.1% | 0.1% | 1.9% |
| Total Shareholder Yield | 9.5% | 9.0% | 6.9% | 10.0% | 5.1% | 3.8% | 6.0% | 4.9% | 6.9% | 1.7% | 4.0% |
| Shares Outstanding | — | $18M | $18M | $18M | $18M | $17M | $17M | $16M | $15M | $14M | $14M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying BRT stock.
BRT Apartments Corp.'s current P/E ratio is -21.0x. The historical average is 22.8x.
BRT Apartments Corp.'s current EV/EBITDA is 19.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 25.0x.
BRT Apartments Corp.'s return on equity (ROE) is -6.3%. The historical average is 5.5%.
Based on historical data, BRT Apartments Corp. is trading at a P/E of -21.0x. Compare with industry peers and growth rates for a complete picture.
BRT Apartments Corp.'s current dividend yield is 7.58%.
BRT Apartments Corp. has 0.2% gross margin and 11.4% operating margin. Operating margin between 10-20% is typical for established companies.
BRT Apartments Corp.'s Debt/EBITDA ratio is 13.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Elevated leverage and payout
Metrics are mathematically derived from official filings.
NOI Margin Volatility Signals Instability
As reported in recent financial filings, BRT's NOI margin experienced a sharp contraction to 3.0% in 2026Q1, a significant departure from the 50% plus levels observed in prior periods, suggesting that operational costs are currently outpacing the company's ability to drive organic rental growth.
The dramatic compression in property-level profitability warrants further investigation into whether this reflects non-recurring restructuring costs or a structural shift in operating expenses. Investors should monitor if this margin degradation persists, as it undermines the core value-add thesis of the portfolio.
FFO Payout Ratios Indicate Sustainability Risks
Based on BRT's reported figures, the FFO payout ratio has frequently exceeded 100% over the last ten quarters, reaching 141.7% in 2024Q1, which implies that dividend distributions are currently being funded by sources other than recurring operational cash flow, raising concerns regarding long-term sustainability.
The inability to consistently cover the dividend with FFO suggests that the current distribution policy may be overly aggressive given the company's capital expenditure requirements. This payout profile appears to limit the company's financial flexibility and ability to reinvest in its aging Class B asset base.
Rising Debt-to-Equity Pressures Balance Sheet
According to quarterly financial data, BRT's debt-to-equity ratio has steadily climbed from 2.01 in 2023Q4 to 3.00 in 2026Q1, indicating an increasing reliance on leverage that may heighten the company's sensitivity to interest rate volatility and refinancing risks in the current economic environment.
The upward trend in leverage, coupled with interest coverage ratios that have struggled to remain above 0.60, suggests a tightening liquidity profile. This leverage trajectory may limit the company's capacity to pursue new acquisitions without further diluting existing shareholders or increasing its cost of capital.
Misapplication of GAAP Net Income
Financial statements indicate that investors often misapply standard GAAP net income to BRT, which obscures the company's true performance because non-cash depreciation charges on residential assets create a misleading picture of profitability that fails to reflect the actual cash-generating capacity of the underlying multi-family portfolio.
Using GAAP net income for a REIT like BRT ignores the significant impact of non-cash expenses that do not represent actual cash outflows. Analysts should instead prioritize FFO and AFFO, which provide a more accurate assessment of the company's ability to sustain operations and fund dividend distributions.