BRT Apartments (BRT) Reiterated at Market Outperform by Citizens on Post-Q1 Update

Citizens analyst Aaron Hecht reiterated a Market Outperform rating and $20.00 price target on BRT Apartments (NYSE: BRT).

The analyst commented, "We reiterate our Market Outperform rating and $20 price target (25% FTM NAV discount) on shares of BRT Apartments Corp. (BRT) after updating for 1Q26 results. BRT reported Core FFO of $0.33, beating Citizens' estimate of $0.27 per share. The outperformance was driven by higherthan-expected NOI and lower G&A and interest expense. On an AFFO per share basis, BRT reported $0.39 compared to our $0.34 estimate. Operationally, the quarter showed early signs of improving fundamentals across BRT's Sunbelt portfolio as supply pressures begin to moderate and occupancy strengthens. Looking ahead, we believe BRT is well positioned to deliver improving earnings growth as the cycle turns in its favor, and management's continued share repurchases reflect its confidence in the long-term value of the platform."

For an analyst ratings summary and ratings history on BRT Apartments click here. For more ratings news on BRT Apartments click here.

Shares of BRT Apartments closed at $14.59 yesterday.

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