BRT Apartments (BRT Apartments) Debt-to-Equity

: 2.01 (As of Dec. 2023)

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BRT Apartments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. BRT Apartments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $459.57 Mil. BRT Apartments's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $228.46 Mil. BRT Apartments's debt to equity for the quarter that ended in Dec. 2023 was 2.01.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for BRT Apartments's Debt-to-Equity or its related term are showing as below:

BRT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.85 Med: 3 Max: 4.43
Current: 2.01

During the past 13 years, the highest Debt-to-Equity Ratio of BRT Apartments was 4.43. The lowest was 0.85. And the median was 3.00.

BRT's Debt-to-Equity is ranked worse than
88.43% of 674 companies
in the REITs industry
Industry Median: 0.78 vs BRT: 2.01

BRT Apartments Debt-to-Equity Historical Data

The historical data trend for BRT Apartments's Debt-to-Equity 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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 0.85 [6] => 0.94 [7] => 1.17 [8] => 1.84 [9] => 2.01 )

BRT Apartments Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.85

0.94

1.17

1.84

2.01

BRT Apartments Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.84	1.89	1.87	1.94	2.01

Competitive Comparison

For the REIT - Residential subindustry, BRT Apartments's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BRT Apartments Debt-to-Equity Distribution

For the REITs industry and Real Estate sector, BRT Apartments's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where BRT Apartments's Debt-to-Equity falls into.

BRT Apartments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BRT Apartments's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	459.57)	/	228.46
	=	2.01

BRT Apartments's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	459.57)	/	228.46
	=	2.01

BRT Apartments (NYSE:BRT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

BRT Apartments Debt-to-Equity Related Terms

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BRT Apartments (BRT Apartments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » BRT Apartments Corp (NYSE:BRT) » Definitions » Debt-to-Equity

Comparable Companies

FREVS CLPR BHM NXRT CSR UMH AIV ELME VRE AVB EQR INVH SUI ESS MAA AMH UDR ELS CPT TSX:CAR.UN

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