BRT Apartments Corp. (MD) (BRT) Financial Statements (2024 and earlier)

Company Profile

Business Address 60 CUTTER MILL RD
GREAT NECK, NY 11021-3190
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,28132,33919,88522,69927,36012,383
Cash and cash equivalents20,28132,33919,88522,69927,36012,383
Disposal group, including discontinued operation     38,9288,969
Total current assets:20,28132,33919,88522,69966,28821,352
Noncurrent Assets
Operating lease, right-of-use asset2,3712,5682,652 
Property, plant and equipment74,24638,82225,58529,227163,862138,094
Long-term investments and receivables42,576112,347    
Long-term investments42,576112,347    
Total noncurrent assets:119,193153,73728,23729,227163,862138,094
Other undisclosed assets592,644273,462317,619338,684923,214834,451
TOTAL ASSETS:732,118459,538365,741390,6101,153,364993,897
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities482,048256,587188,053191,050856,879757,192
Total liabilities:482,048256,587188,053191,050856,879757,192
Equity
Equity, attributable to parent250,088202,956177,772199,653197,987165,996
Common stock180173164156150133
Additional paid in capital273,863258,161245,605232,331220,135201,910
Accumulated other comprehensive income (loss)   (19)(10)2,6291,000
Accumulated deficit(23,955)(55,378)(67,978)(32,824)(24,927)(37,047)
Equity, attributable to noncontrolling interest(18)(5)(84)(93)98,49870,709
Total equity:250,070202,951177,688199,560296,485236,705
TOTAL LIABILITIES AND EQUITY:732,118459,538365,741390,6101,153,364993,897

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
9/30/2018
9/30/2017
Revenues70,52732,05728,10227,761119,635105,771
Operating leases, income statement, lease revenue118,872
Revenue, net104,477
Operating lease, lease income70,51532,04127,451 
Cost of revenue(46,922)(20,959)(19,477)(20,128)(34,389)(113,552)
Cost of goods and services sold(30,558)(14,202)(3,642)  (113,552)
Financing interest expense(15,514)(6,757)(7,100)(7,796)(34,389)
Gross profit:23,60511,0988,6257,63385,246(7,781)
Operating expenses(38,616)(21,166)(22,085)(16,007)(139,768)(119,337)
Other undisclosed operating income     34,389113,552
Operating loss:(15,011)(10,068)(13,460)(8,374)(20,133)(13,566)
Nonoperating income
(Investment Income, Nonoperating)
64,53134,982 9,932  
Interest and debt expense (563)(1,575)(280)(1,387)(850)(1,463)
Income (loss) from continuing operations before equity method investments, income taxes:48,95723,339(13,740)171(20,983)(15,029)
Income (loss) from equity method investments1,895(4,208)(6,024)(8,826)(388)(384)
Income (loss) from continuing operations before income taxes:50,85219,131(19,764)(8,655)(21,371)(15,413)
Income tax expense (benefit)(821)(206)(248)(270)(50)(1,560)
Other undisclosed income from continuing operations6810,32528010,61869,42252,601
Income (loss) from continuing operations:50,09929,250(19,732)1,69348,00135,628
Income (loss) before gain (loss) on sale of properties:29,250(19,732)1,69348,00135,628
Other undisclosed net income      
Net income (loss):50,09929,250(19,732)1,69348,00135,628
Net loss attributable to noncontrolling interest(144)(136)(130)(837)(24,228)(22,028)
Net income (loss) attributable to parent:49,95529,114(19,862)85623,77313,600
Undistributed earnings (loss) allocated to participating securities, basic(2,472)(1,412)    
Net income (loss) available to common stockholders, diluted:47,48327,702(19,862)85623,77313,600

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
9/30/2018
9/30/2017
Net income (loss):50,09929,250(19,732)1,69348,00135,628
Other comprehensive income (loss)  22(12)(23)2,3463,047
Comprehensive income (loss):50,09929,272(19,744)1,67050,34738,675
Comprehensive loss, net of tax, attributable to noncontrolling interest(144)(140)(128)(833)(24,945)(22,473)
Comprehensive income (loss), net of tax, attributable to parent:49,95529,132(19,872)83725,40216,202

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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