1. BRT refinanced $42.7 million in mortgages to $71.9 million. 2. New interest rate is 4.95%, higher from 4.36%. 3. Refinancing improves financial position for investments. 4. BRT owns 31 properties, providing 8,311 units across 11 states. 5. CEO emphasizes focus on long-term shareholder value.
FAQ
Why Bullish?
The refinancing enhances BRT's financial flexibility, despite higher interest rates. This strategy mirrors successful past refinancing cases that led to positive market reactions.
How important is it?
The refinancing directly impacts BRT's future growth strategy and financial health, critical to investor interest.
Why Long Term?
Improved financial resources enable strategic long-term investments, benefiting future growth, similar to prior successful strategies.
BRT Apartments Corp. Completes Significant Debt Refinancings
GREAT NECK, N.Y., December 17, 2025 (GLOBE NEWSWIRE) — BRT Apartments Corp. (NYSE: BRT) has announced the successful completion of refinancing on three existing mortgages as disclosed in its latest 10-Q filing. The financial maneuver affects mortgages totaling $42.7 million, which were refinanced through new debt aggregating approximately $71.9 million, significantly improving the company’s financial outlook.
Details of the Refinancing
The refinancing pertains to three maturing mortgages with an average interest rate of 4.36%. The new mortgage debt comes with a weighted average interest rate of 4.95% and a remaining term to maturity of around nine years.
- Total amount of refinanced mortgages: $42.7 million
- New mortgage debt: approximately $71.9 million
- Weighted average interest rate (new): 4.95%
- Remaining term to maturity: approximately nine years
- Amount allocated to pay off credit facility: $17.5 million
Implications for BRT's Investment Strategy
Following this refinancing, BRT is strategically positioned to explore new investment opportunities primarily in its core Sunbelt markets. As BRT's President and CEO, Jeffrey A. Gould, stated, “With our refinancings complete, BRT is well positioned with the financial resources to pursue future investment opportunities. We will continue to focus on value-enhancing opportunities where we believe there is a potential to drive substantial long-term shareholder value.”
About BRT Apartments Corp.
BRT Apartments Corp. functions as a real estate investment trust, owning and operating multifamily properties across the United States. As of the latest report, BRT owns or has interests in 31 multifamily properties comprising 8,311 units across 11 states, alongside preferred equity investments in two additional multifamily properties.
For further information regarding BRT's operations and properties, visit www.brtapartments.com.
Contact Information
BRT Apartments Corp.
60 Cutter Mill Road, Suite 303
Great Neck, New York 11021
Telephone: (516) 466-3100
Email: investors@BRTapartments.com
Website: www.BRTapartments.com