BRT Apartments Declares $0.25 Quarterly Dividend for First Quarter 2026
BRT Apartments Corp. (NYSE: BRT), a multifamily real estate investment trust, has declared a quarterly cash dividend of $0.25 per share for the first quarter of 2026. The dividend matches the amount paid in the previous quarter.
BRT Apartments Corp. (NYSE: BRT), a multifamily real estate investment trust, has declared a quarterly cash dividend of $0.25 per share for the first quarter of 2026, matching the payout from the prior quarter. Read more dividend announcements.
The company, which owns and operates apartment properties across the United States, did not announce the record date, ex-dividend date, or payment date for the distribution at the time of the declaration. BRT operates 31 properties comprising 8,311 units as of December 31, 2025.
Dividend Details
| Item | Details |
|---|---|
| Dividend Amount | $0.25 per share |
| Dividend Type | Quarterly cash |
| Record Date | Not announced |
| Ex-Dividend Date | Not announced |
| Payment Date | Not announced |
Recent Portfolio Activity
BRT expanded its portfolio during the quarter through joint venture acquisitions. A venture in which the company holds an 80% equity interest acquired Oaks at Victory, a 150-unit garden-style property in Savannah, Georgia, for $23.0 million. The transaction included assumption of a $15.7 million mortgage with a 2.71% interest rate maturing in 2031. BRT contributed $8.4 million in equity to the joint venture.
During 2025, the company refinanced four mortgages totaling $58.0 million with a weighted average interest rate of 4.38% with four replacement mortgages totaling $88.7 million. The new mortgages carry a weighted average interest rate of 4.97% and have an average remaining term of 8.5 years. Most of the replacement mortgages are interest-only until maturity.
Share Repurchase Program
From January 1, 2026, through March 12, 2026, BRT repurchased 75,155 shares for approximately $1.1 million at a weighted average price of $14.82 per share. The board of directors extended the share repurchase program through December 31, 2028, and increased the authorized repurchase amount to $10 million.
Operating Metrics
As of December 31, 2025, BRT had a market capitalization of $276.9 million with a closing share price of $14.70, down from $18.03 at year-end 2024. The company had 18.841 million shares outstanding.
The combined portfolio posted a 93.4% average occupancy rate for the fourth quarter of 2025, compared to 93.6% in the prior-year period. Average monthly rental revenue per occupied unit increased to $1,419 from $1,405 year-over-year.
For the three months ended December 31, 2025, BRT reported a loss of $0.23 per share, compared to a loss of $0.11 per share in the prior-year quarter. For the full year 2025, the company posted a loss of $0.63 per share versus $0.52 per share in 2024.