BRT Apartments | 8-K: FY2025 Q3 Revenue: USD 24.43 M

Revenue: As of FY2025 Q3, the actual value is USD 24.43 M.

EPS: As of FY2025 Q3, the actual value is USD -0.14.

EBIT: As of FY2025 Q3, the actual value is USD 8.015 M.

Net Income and Loss

• Reported net loss per diluted share for the third quarter of 2025 was $2.7 million or $0.14 per diluted share, compared to a net loss of $2.2 million or $0.12 in the third quarter of 2024.

Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO)

• FFO was $0.28 per diluted share, compared to $0.30 in the third quarter of 2024.
• AFFO was $0.36 per diluted share in both comparable periods.

Equity in Earnings of Unconsolidated Joint Ventures

• Equity in earnings of unconsolidated joint ventures was a loss of $75,000 in the third quarter of 2025, compared to a $369,000 gain in the third quarter of 2024.

Combined Portfolio Net Operating Income (NOI)

• Combined Portfolio NOI was $15.3 million for the third quarter of 2025, compared to $15.6 million for the corresponding prior-year period.

Cash and Cash Equivalents

• Cash and cash equivalents were $21,105,000 as of September 30, 2025.

Debt and Liabilities

• Total debt outstanding was $642,912,000 as of September 30, 2025.
• Debt to Enterprise Value was 70% as of September 30, 2025, compared to 68% as of September 30, 2024.

Outlook / Guidance

• The company anticipates paying off all outstanding debt on its credit facility by the end of 2025.
• The company is authorized to repurchase up to $8.8 million in BRT shares under the repurchase program as of October 31, 2025.
• The company expects to maintain its revolving credit facility of up to $40.0 million, with $17.5 million outstanding as of October 31, 2025, and maturity in September 2027.