BRT Apartments Corp. (BRT) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+408.7%

$66.20

vs $13.01 price

Levered DCF

$3.24

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.29

Distress zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2017
P/E	-22.27×	-34.67×	116.19×	7.36×	14.72×	-13.22×	154.27×	7.31×
P/B	1.49×	1.56×	1.46×	1.4×	2.01×	1.46×	1.36×	0.88×
P/S	2.73×	3.35×	3.56×	4.95×	12.74×	9.26×	9.76×	1.45×
EV / EBITDA	19.52×	20.07×	14.06×	8.65×	13.85×	-72.28×	26.7×	8.07×
Gross margin	0.2%	54.5%	55.3%	56.7%	55.7%	56.0%	55.6%	51.8%
Operating margin	11.4%	10.8%	8.4%	0.7%	-8.7%	-9.7%	-2.1%	11.9%
Net margin	-12.3%	-10.2%	4.1%	70.8%	90.8%	-70.7%	3.1%	19.9%
Current ratio	0.86×	1.96×	1.1×	0.51×	2.21×	1.4×	1.76×	2.84×
Debt / equity	2.87×	2.36×	2.01×	1.84×	1.17×	0.94×	0.85×	4.19×
Interest coverage	0.47×	0.46×	0.36×	0.03×	-0.41×	-0.38×	-0.07×	0.41×
Dividend yield	7.1%	5.8%	5.7%	5.1%	3.9%	5.8%	5.0%	7.0%
Payout ratio	-158.2%	-190.4%	488.2%	35.8%	54.2%	-76.1%	1573.4%	50.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2017
Return on equity	-6.7%	-4.8%	1.7%	20.0%	14.3%	-11.2%	0.4%	12.0%
Return on invested capital	1.6%	1.5%	1.1%	0.1%	-0.6%	-0.8%	-0.1%	1.3%
Return on assets	-1.7%	-1.4%	0.5%	6.8%	6.3%	-5.4%	0.2%	2.1%
Free cash flow yield	2.5%	5.6%	3.0%	2.5%	-0.4%	-1.0%	2.6%	12.6%
Earnings yield	-4.5%	-3.1%	1.2%	14.3%	7.1%	-7.6%	0.3%	13.7%
Enterprise value	$747.9M	$775.9M	$769.2M	$789.1M	$612.9M	$407.8M	$418.5M	$975.8M
Net debt / EBITDA	12.61×	11.79×	7.97×	4.82×	4.63×	-26.17×	9.41×	6.63×
Cash conversion cycle (days)	67	67	0	0	0	0	55	-159