BRT Apartments (NYSE: BRT) is the family-office apartment REIT: a Gould-family-managed (the One Liberty relations) portfolio of Sunbelt garden apartments, many held through joint ventures, run conservatively at a scale most institutions can’t be bothered to analyze, which is precisely the inefficiency.
| BRT Apartments (BRT) Snapshot | |
|---|---|
| Share Price (delayed) | $14.73 -2.71% |
| Market Cap | $277M |
| Annualized Dividend | $1.00 (Quarterly) |
| Dividend Yield | 6.79% |
| Sector | Residential ยท Sunbelt Apartments |
Market data updates automatically several times daily. Last price refresh: Jul 14, 2026.
Business Model
BRT owns value-oriented Sunbelt communities (Texas, Southeast) with a history of buying through JVs and consolidating stakes when pricing favors it, funding a steady dividend from unglamorous workforce-adjacent rents. Insider ownership is substantial; decisions move at family speed, patient by structure.
The Honest Risk Section
Micro-cap liquidity, JV accounting opacity that makes screeners misread it, concentration in the exact Sunbelt markets absorbing the supply wave, and related-party management running multiple public vehicles. The discount is structural and probably permanent; the question is whether the yield pays enough to hold it.
Frequently Asked Questions
Who runs BRT Apartments?
The Gould family, which also manages One Liberty Properties, with substantial insider ownership and a conservative, JV-heavy acquisition style.
Why does BRT trade at a discount?
Micro-cap scale, JV structures that obscure screen metrics, and family management running multiple vehicles, structural features, not events.
Analysis reflects disclosures through Q1 2026. Live market data updates automatically. Independent research, not investment advice.