BRT Apartments Corp.

BRT ·Real Estate, REIT - Diversified, United States
Valuation › AI Valuation

AI Valuation

AI-generated fair value estimate for this company.

AI Fair Value $24.35
Market Price $13.30
Undervalued By 45.4%

Method: Gordon-growth valuation on funds from operations (FFO): annualized FFO per share of approximately $1.30 (based on Q1 2026 FFO of $0.33/share, or $6.2M); 3% long-run FFO growth (typical stabilized multifamily REIT same-store growth); 8.5% cost of equity (small-cap apartment REIT); value = FFO1 x (1+g) / (cost of equity - g) = $24.35 per share.

Reasoning: BRT Apartments is a small-cap NYSE-listed multifamily REIT whose reported GAAP net loss (driven by depreciation and non-cash items typical of real estate ownership) is not representative of its cash-generating ability, so FFO -- the REIT-industry-standard cash-flow measure -- is used instead of net income as the basis for a Gordon-growth valuation of its 31 apartment complexes / 8,311 units.