2 models fit BRT Apartments Corp. (MD) Common Stock and they disagree: 0 of 2 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)
Valued as a REIT (property company): Price to FFO, Dividend discount, and EV/EBITDA comparison.
ACCE opinionBRT Apartments Corp. (MD) Common Stock (BRT)
Fair value (2 models)
$7.15
ACCE price target
$13.50
Rating
Overvalued
Horizon
12 months
Fair value published on 19 Oct 2026, 19:04 CEST; previously $7.06 since 11 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 19:04 CEST.
Price used: $13.24 at the close on 23 Oct 2026, 22:00 CEST.
Models: Dividend discount and Price to FFO.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
85.2% above
-46.0% to fair value
ACCE score
33
out of 100
Analysts
67% buy
3 covering
1-year return
-11.6%
Dividend yield
7.57%
BRT Apartments Corp. (MD) Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
BRT Apartments owns and operates multifamily apartment communities, mostly in the Sunbelt and Southeast, and it is the externally managed residential REIT behind a portfolio of garden-style complexes rather than a developer or fund manager. Its edge is mostly structural: apartments in supply-constrained or fast-growing metros with steady rent rolls, and a 54.2% gross margin that reflects how much of rental income drops through before overhead. Revenue is flat to slightly down at -0.1%, so there is no growth catalyst in the reported numbers yet, and the case rests on whether occupancy and rents stabilize. The stock trades at a forward P/E of 13.7 against a 7.2% negative return on equity, a combination that makes the earnings recovery the key thing to test. With a market cap of about $256M, no index membership and a 33/100 score, it is a small, out-of-favour name that merits a look only if you can underwrite a same-store rent recovery and a deleveraging path.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Earnings collapsed year over year
Earnings fell 69.6% YoY and net margin is -13.4%, with ROE at -7.2%. Revenue is flat (-0.1%), so the drop is in profitability, not sales.
high
Leverage elevated
Debt/Equity is 2.87 against free cash flow of $7M on a $251M market cap. Thin cash generation leaves little room for a downturn in rents.
moderate
Price above model fair value
The stock trades 85.2% above the model fair value of $7.15, while sitting 1.9% below the ACCE price target of $13.50. The two valuation views point in opposite directions.
moderate
Score drifted lower
The ACCE score slipped from 37 to 33 over 90 days, with quality at 38 and momentum at 40. Trend is weakening rather than collapsing.
AI research notes
AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
The shares yield 7.6% in dividends, well above what most investors earn from cash or bonds.
Two of three analysts rate the stock Buy or Strong Buy, and their mean price target sits well above today's price.
Free cash flow over the last twelve months came to $7M, a positive cash base behind the payout.
Why it could disappoint
Revenue barely grew year over year and net margin is negative, so the business is not currently turning sales into profit.
Debt to equity of 2.87 leaves the balance sheet heavily leveraged, with the stock already trading at 1.9% below the ACCE price target of $13.50 and 85.2% above the model fair value of $7.15.
Latest earnings per share missed expectations, coming in at 0.36 against 0.37 expected.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where BRT's valuation models land
Price
$13.24
Model fair value
$7.15
Model range
$5.60 to $8.70
Fair value $7.15
Price $13.24
The price is above the whole model range.
Model
Fair value
Upside
Dividend discount
EV/EBITDA comparison
Price to FFO
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores