Filing Analysis
BRT Apartments Corp. filed an 8-K to furnish supplemental financial information in connection with upcoming meetings between executive officers and analysts, ensuring compliance with Regulation FD.
📋 Key Facts
- The filing is made pursuant to Items 2.02 (Results of Operations and Financial Condition) and 7.01 (Regulation FD Disclosure).
- Executive officers are scheduled to meet with analysts and other persons on or around August 10, 2026.
- Supplemental financial information has been provided as Exhibit 99.1.
- The information furnished is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
BRT Apartments Corp. has entered into an agreement to acquire The Waterford on Piedmont, a 153-unit multifamily high-rise in Atlanta, Georgia, for approximately $35 million.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Acquisition of 'The Waterford on Piedmont', a 10-story, 153-unit property in Midtown Atlanta, GA.
- Purchase price is approximately $35 million (subject to adjustments).
- Financing structure: ~$22 million mortgage and ~$14 million from cash/refinancings of appreciated properties.
- Expected closing date: Quarter ending September 30, 2026.
- Property performance (as of May 31, 2026): $881k revenue and $405k operating expenses for the three months ended.
BRT Apartments Corp. reported the results of its June 10, 2026, annual meeting of stockholders. All presented proposals, including the election of directors and the ratification of the auditor, were approved.
📋 Key Facts
- Annual meeting held on June 10, 2026.
- Directors Carol Cicero, Frederic H. Gould, Gary Hurand, and Elie Weiss were elected for terms expiring in 2029.
- Executive compensation for the year ended December 31, 2025, was approved via a non-binding advisory vote.
- Ernst & Young LLP was ratified as the independent registered public accounting firm for the year ending December 31, 2026.
- The 2026 Incentive Plan was approved by stockholders.
BRT Apartments Corp. has entered into an agreement to acquire Ranch Lake Apartments, a 336-unit multifamily property in Bradenton, Florida, for approximately $80 million. The deal includes the assumption of a low-interest HUD mortgage and is expected to close in late 2026 or early 2027.
🚩 Red Flags
- Management explicitly notes a 'challenging operating environment' in Bradenton, Florida.
- Company warns that operating results at closing may be less favorable than the provided seller data.
- No assurance provided that the transaction will be accretive to earnings.
📋 Key Facts
- Purchase price is approximately $80 million.
- Includes assumption of a $45.7 million HUD-insured mortgage with a 2.91% interest rate maturing in 2056.
- Remaining balance of ~$38 million to be funded via property refinancings, sales, and credit facility.
- Property reported revenues of $7.4 million and operating expenses of $3.17 million for the twelve months ended April 30, 2026.
- Expected closing date: Q4 2026 or Q1 2027.
BRT Apartments Corp. furnished supplemental financial information and announced that executive officers will be meeting with analysts. The filing serves as a Regulation FD disclosure to provide transparency regarding information shared during these meetings.
📋 Key Facts
- The filing was made under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).
- Exhibit 99.1 contains Supplemental Financial Information dated May 7, 2026.
- Executive officers intend to meet with analysts and other persons to discuss the provided information.
- The information is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act.
BRT Apartments Corp. furnished supplemental financial information and announced that executive officers may meet with analysts. The disclosure provides additional data beyond standard quarterly reports to facilitate discussions with the investment community.
📋 Key Facts
- The filing was made under Items 2.02 (Results of Operations) and 7.01 (Regulation FD) on March 12, 2026.
- Exhibit 99.1 contains supplemental financial information intended for use in analyst meetings.
- The information provided is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act.
- The report was signed by Isaac Kalish, Chief Financial Officer and Senior Vice President.
BRT Apartments Corp. announced the formal retirement of CFO George Zweier and the appointment of Isaac Kalish as the new Chief Financial Officer, effective February 27, 2026.
📋 Key Facts
- George Zweier retired as CFO on February 27, 2026.
- Isaac Kalish, previously a Senior Vice President, assumed the role of CFO on February 27, 2026.
- The transition was previously anticipated and disclosed in a filing dated September 11, 2025.
- Upon retirement, 42,800 shares of restricted stock vested for Mr. Zweier, while his restricted stock units were forfeited.
BRT Apartments Corp. filed an 8-K to incorporate a press release dated December 17, 2025, by reference under Item 8.01 (Other Events). The filing serves as a placeholder for supplemental information released via the company's official communications.
📋 Key Facts
- Filing date: December 17, 2025
- Reported event date: December 16, 2025
- The filing incorporates Exhibit 99.1 (Press release dated December 17, 2025) by reference.
- Signed by George Zweier, Vice President and Chief Financial Officer.
BRT Apartments Corp. filed an 8-K to furnish supplemental financial information and announce upcoming meetings between executive officers and analysts/third parties in compliance with Regulation FD.
📋 Key Facts
- The filing is pursuant to Items 2.02 (Results of Operations and Financial Condition) and 7.01 (Regulation FD Disclosure).
- Executive officers will be meeting with analysts and other persons on or around November 6, 2025.
- Supplemental financial information was provided in Exhibit 99.1.
- The disclosure is intended to satisfy Regulation FD requirements regarding the dissemination of material non-public information.
BRT Apartments Corp. announced a leadership transition in its finance department, appointing Matthew Gibbons as Chief Accounting Officer and Isaac Kalish as the incoming Chief Financial Officer. Current CFO George Zweier is scheduled to retire in Q1 2026.
🚩 Red Flags
- Related-party transaction: Isaac Kalish is the son of David W. Kalish, the company's Senior Vice President-Finance.
- Succession risk: The CFO transition involves a planned retirement rather than an immediate replacement, creating a period of overlapping leadership.
📋 Key Facts
- Matthew Gibbons appointed as Chief Accounting Officer effective September 11, 2025.
- Isaac Kalish appointed as Chief Financial Officer, effective upon the retirement of George Zweier.
- Current CFO George Zweier is expected to retire in the first quarter of 2026.
- Matthew Gibbons previously served at BDO US LLP and Baker Tilly US LLP.
- Isaac Kalish has been with the company since 2004, previously serving as Assistant Treasurer and VP/Treasurer.
BRT Apartments Corp. filed an 8-K to furnish supplemental financial information and announce upcoming meetings between executive officers and analysts/third parties.
📋 Key Facts
- The filing is made pursuant to Items 2.02 (Results of Operations and Financial Condition) and 7.01 (Regulation FD Disclosure).
- Executive officers will be meeting with analysts and other persons on or around August 7, 2025.
- Supplemental financial information has been provided as Exhibit 99.1.
- The information furnished under Items 2.02 and 7.01 is not considered 'filed' for purposes of Section 18 liability.
BRT Apartments Corp. announced that Executive Vice President Mitchell Gould will retire effective July 31, 2025, earlier than his previously anticipated retirement in early 2026. The company does not intend to seek a direct replacement for his role at this time.
🚩 Red Flags
- Accelerated departure: The retirement date was moved up from early 2026 to July 31, 2025.
📋 Key Facts
- Mitchell Gould is retiring as Executive Vice President effective July 31, 2025.
- Gould will forfeit 35,197 restricted stock units (RSUs) that were subject to performance conditions.
- 50,810 shares of restricted stock awards will vest over the next five years on their original schedule, subject to compliance with certain provisions.
- The company anticipates a non-cash G&A expense of approximately $237,000 in the quarter ending September 30, 2025, related to these awards.
- Management does not currently plan to seek a replacement for Mr. Gould's position.
BRT Apartments Corp. announced the results of its annual meeting of stockholders held on June 4, 2025. All proposals, including the election of directors and the ratification of Ernst & Young LLP as independent auditors, were approved by shareholders.
📋 Key Facts
- Annual Meeting held on June 4, 2025.
- All stockholder proposals were approved.
- Directors Matthew J. Gould, Louis C. Grassi, Israel Rosenzweig, and Jeffrey Rubin were elected to terms expiring in 2028.
- Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
BRT Apartments Corp. announced that Executive Vice President Mitchell Gould intends to retire in early 2026. The company is considering a more junior replacement and may accelerate the vesting of his restricted stock awards upon retirement.
🚩 Red Flags
- Succession planning involves potentially 'more junior' leadership, which may indicate a shift in management experience level or cost-cutting measures.
📋 Key Facts
- Mitchell Gould (Executive Vice President) plans to retire in early 2026.
- Gould has already reduced his time commitment to the company in 2025.
- The Company may seek a more junior replacement for the role.
- Upon retirement, the Company anticipates accelerating the vesting of Gould's 50,810 shares subject to restricted stock awards.
BRT Apartments Corp. filed an 8-K to furnish supplemental financial information and materials related to upcoming meetings between executive officers and analysts, ensuring compliance with Regulation FD.
📋 Key Facts
- The filing is made pursuant to Items 2.02 (Results of Operations and Financial Condition) and 7.01 (Regulation FD Disclosure).
- Executive officers will be meeting with analysts and other persons on or around May 8, 2025.
- Supplemental financial information was provided as Exhibit 99.1.
- The information furnished under Items 2.02 and 7.01 is not considered 'filed' for purposes of Section 18 liability.
BRT Apartments Corp. filed an 8-K to furnish supplemental financial information and material disclosures in compliance with Regulation FD. The filing is primarily a vehicle for communicating non-public information to analysts and other persons.
📋 Key Facts
- Filed on March 12, 2025.
- The company is disclosing supplemental financial information via Exhibit 99.1.
- Executive officers may be meeting with analysts to discuss the provided materials.
- Information is furnished under Items 2.02 and 7.01 but is not considered 'filed' for purposes of Section 18 liability.
BRT Apartments Corp. announced that Chief Financial Officer George Zweier intends to resign from his positions over the next two years.
🚩 Red Flags
- Planned departure of a key C-suite executive (CFO).
📋 Key Facts
- CFO George Zweier advised the company of his intention to resign on December 23, 2024.
- The resignation is not immediate; it is expected to occur at some point over the next two years.
- The announcement was filed via Form 8-K on December 26, 2024.
BRT Apartments Corp. filed an 8-K to furnish supplemental financial information and provide notice of upcoming meetings between executive officers and analysts/investors.
📋 Key Facts
- The company is providing supplemental financial information via Exhibit 99.1 dated November 7, 2024.
- Executive officers will be meeting with analysts and other persons to discuss material information.
- The filing is made pursuant to Items 2.02 (Results of Operations and Financial Condition) and 7.01 (Regulation FD Disclosure).
BRT Apartments Corp. secured a $27.4 million mortgage on its Woodland Trails property in LaGrange, GA. The financing features a 5.22% fixed interest rate and is an interest-only loan maturing in 2031.
🚩 Red Flags
- None identified. The financing appears to be a standard asset-level mortgage for a real estate company.
📋 Key Facts
- Obtained $27.4 million mortgage on Woodland Trails-LaGrange, GA property on August 22, 2024.
- Fixed interest rate of 5.22%.
- Loan structure is 'interest only' until maturity in 2031.
- Proceeds intended for multi-family property investments (including preferred equity) and general corporate purposes like common stock repurchases.
BRT Apartments Corp. filed an 8-K to provide supplemental financial information and disclose upcoming meetings between executive officers and analysts/investors. The filing is primarily a regulatory mechanism to ensure compliance with Regulation FD regarding the dissemination of material non-public information.
📋 Key Facts
- The company is providing supplemental financial information via Exhibit 99.1 dated August 9, 2024.
- Executive officers will be meeting with analysts and other persons to discuss market information.
- Information provided in the exhibits is furnished under Regulation FD rather than filed for purposes of Section 18 liability.
BRT Apartments Corp. entered into a third amendment to its credit facility with VNB New York, LLC, extending the maturity date from September 2025 to September 2027 but reducing total availability from $60 million to $40 million. The reduction in liquidity is linked to securing $28 million in new mortgage debt on a Georgia property.
🚩 Red Flags
- Reduction in available liquidity/credit capacity by $20 million.
- Modification of loan covenants associated with the reduction in availability.
📋 Key Facts
- Maturity of the credit facility extended by two years, moving from September 2025 to September 2027.
- Available capacity under the credit facility reduced by $20 million (from $60 million down to $40 million).
- The reduction in availability is tied to obtaining ~$28 million in seven-year mortgage debt on the Woodland Trails – LaGrange, Georgia property.
- New mortgage debt expected to close in August 2024 with a fixed interest rate of 5.22% and interest-only payments until 2031.
- Amendment required increasing the minimum number of wholly-owned properties from five to ten (Company currently owns 21).
- Paid approximately $317,000 in aggregate fees to the lender for the amendment.
BRT Apartments Corp. reported the results of its annual meeting of stockholders held on June 11, 2024. All proposals presented to shareholders were approved, including director elections and the ratification of Ernst & Young LLP as independent auditors.
📋 Key Facts
- Annual Meeting held on June 11, 2024.
- Proposal 1: Election of Directors (Alan H. Ginsburg, Jeffrey A. Gould, Jonathan H. Simon) was approved.
- Proposal 2: Ratification of Ernst & Young LLP as independent registered public accounting firm for the year ending Dec 31, 2024, was approved with 16,296,180 votes in favor.
- Proposal 3: Approval of the 2024 Incentive Plan was approved.
- All proposals passed successfully.
BRT Apartments Corp. filed an 8-K to provide supplemental financial information and disclose upcoming meetings between executive officers and analysts/investors in compliance with Regulation FD.
📋 Key Facts
- The filing includes supplemental financial information dated May 8, 2024 (Exhibit 99.1).
- Executive officers will be meeting with analysts and other persons to discuss material information.
- The disclosure is made pursuant to Regulation FD to ensure simultaneous dissemination of information.
BRT Apartments Corp. filed an 8-K to announce its results of operations and supplemental financial information for the three and twelve months ended December 31, 2023.
📋 Key Facts
- Report date: March 12, 2024
- Covers operating results for the periods ending December 31, 2023
- Includes press release (Exhibit 99.1) and supplemental financial information (Exhibit 99.2)
BRT Apartments Corp. filed an 8-K/A to provide an update regarding a previously reported terminated property purchase contract in Richmond, VA. The company successfully negotiated mutual releases and recovered its $1.3 million down payment.
🚩 Red Flags
- Legal dispute with a seller over contract default and withholding of funds (resolved via mutual release).
📋 Key Facts
- The original contract was for the purchase of a multi-family property in Richmond, VA, valued at approximately $62.5 million.
- A dispute arose after termination where the seller claimed BRT Apartments Corp. was in default and withheld the $1.3 million down payment.
- On January 12, 2024, both parties executed mutual releases, absolving each other of liability regarding the contract.
- The full down payment of approximately $1.3 million has been returned to the company.