BRT Apartments (BRT) Registration filing summary

Company overview and business model

• Internally managed REIT focused on ownership, operation, and selective development of multi-family properties, primarily in the Southeast U.S. and Texas.

• As of December 31, 2025, wholly owns 21 properties (5,420 units), interests in 10 properties via unconsolidated entities (2,891 units), and preferred equity in 2 properties.

• Organized to qualify as a REIT for federal income tax purposes, with operations structured to maintain this status.

Financial performance and metrics

• As of April 17, 2026, 18,822,320 shares of common stock outstanding; no preferred stock outstanding.

• Carrying value of wholly owned properties: $595.2 million; net equity in unconsolidated entities: $46.1 million; preferred equity investments: $17.7 million.

Use of proceeds and capital allocation

• Net proceeds anticipated to be used for acquiring additional multi-family properties, investments in joint ventures, other real estate assets, and general corporate purposes (including debt repayment and capital expenditures).

• Management has significant discretion over allocation of proceeds; temporary investments may be made until funds are deployed.