BRT Apartments (BRT Apartments) Interest Expense : $-22.16 Mil (TTM As of Dec. 2023)

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What is BRT Apartments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BRT Apartments's interest expense for the three months ended in Dec. 2023 was $ -5.58 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-22.16 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. BRT Apartments's Operating Income for the three months ended in Dec. 2023 was $ 3.35 Mil. BRT Apartments's Interest Expense for the three months ended in Dec. 2023 was $ -5.58 Mil. BRT Apartments's Interest Coverage for the quarter that ended in Dec. 2023 was 0.60. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

BRT Apartments Interest Expense Historical Data

The historical data trend for BRT Apartments's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BRT Apartments Interest Expense Chart

BRT Apartments Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.80

-7.10

-6.76

-15.51

-22.16

BRT Apartments Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-5.52	-5.48	-5.51	-5.58	-5.58

BRT Apartments Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-22.16 Mil.

BRT Apartments (NYSE:BRT) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

BRT Apartments's Interest Expense for the three months ended in Dec. 2023 was $-5.58 Mil. Its Operating Income for the three months ended in Dec. 2023 was $3.35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $459.57 Mil.

BRT Apartments's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3.35	/	-5.584
	=	0.60

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. BRT Apartments Corps earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

BRT Apartments (BRT Apartments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » BRT Apartments Corp (NYSE:BRT) » Definitions » Interest Expense

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Traded in Other Exchanges

WWA:Germany

Address

60 Cutter Mill Road, Suite 303, Great Neck, NY, USA, 11021

Website

https://www.brtapartments.com

BRT Apartments Corp is a real estate investment trust company. The company is primarily focused on the ownership, operation, and development of multi-family properties. BRT also owns and operates other real estate assets. All of the Company's assets are comprised of multi-family real estate assets generally leased to tenants on a one-year basis.

Executives

Ryan Baltimore	officer: Senior Vice President	60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Mitchell Gould	officer: VICE PRESIDENT
Gould Investors L P	10 percent owner	60 CUTTER MILL RD, STE 303, GREAT NECK NY 11021-3190
Jeffrey Gould	officer: PRESIDENT AND CE0
Matthew J Gould	director, officer: Senior Vice President
Mark H Lundy	officer: VICE PRESIDENT
Isaac Kalish	officer: Assistant Treasurer	60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Louis C Grassi	director	220 RXR PLAZA, UNIONDALE NY 11556
Carol Cicero	director	516 TOWER TRACE, CANTON GA 30115
George Zweier	officer: VICE PRESIDENT - CFO
Jonathan H Simon	director	1020 PARK AVENUE, APARTMENT 10D, NEW YORK NY 10028
Jeffrey Rubin	director	40 CUTTER MILL ROAD, SUITE 302, GREAT NECK NY 11021
Fredric H Gould	director, officer: Chairman of Board	60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Steven Rosenzweig	officer: Vice President	60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Alysa Block	officer: Treasurer	60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021