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Insufficient data to determine institutional momentum.
Data as of Q2 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
What the company returns to shareholders — and whether it's covered by cash.
The dividend exceeds free cash flow (284%) — funded from the balance sheet or debt, a red flag if it persists. Last year: $18.9M dividends + $5.0M buybacks = $23.9M returned on $6.6M FCF.
1 consecutive years of dividend increases · 4%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: -7%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-08
Where each multiple sits in its own 15-yr range · 47th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 15-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE -7% against ROIC -7% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | — | 82.2 | 13.0 | — | — | — | — | 0.2 |
| SG&A | 40.0 | 36.3 | 41.6 | 39.4 | 20.8 | 16.5 | 16.3 | 16.0 |
| Operating Income | -34.2 | -30.2 | -47.9 | -31.4 | -21.3 | -15.3 | -12.9 | -12.9 |
| Income Tax | 0.0 | 1.0 | 0.9 | 0.6 | 1.2 | 0.1 | -0.2 | 0.2 |
| Net Income | 108.8 | 3.1 | -70.7 | 90.8 | 70.8 | 4.2 | -10.2 | -12.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BRT: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Leverage ratios is not shown for a REIT.
Depreciation swamps reported earnings for a property owner — which is why FFO exists. EBITDA leverage and a net-income DCF both mislead here.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-10-08
How a revenue dollar becomes profit — FY2026
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $97.0M 100.0% | $95.6M 100.0% | $93.6M 100.0% | $70.5M 100.0% | $32.1M 100.0% | $28.1M 100.0% | $27.8M 100.0% | $23.4M 100.0% | $119.6M 100.0% | $105.8M 100.0% |
| Cost of Revenue | $158K 0.2% | — | — | — | — | $3.6M 13.0% | $22.8M 82.2% | — | — | — |
| Selling, General & Admin | $15.5M 16.0% | $15.6M 16.3% | $15.4M 16.5% | $14.7M 20.8% | $12.6M 39.4% | $11.7M 41.6% | $10.1M 36.3% | $9.4M 40.0% | $9.2M 7.7% | $9.4M 8.9% |
| Total Operating Expenses | $109.5M 112.9% | $107.9M 112.9% | $107.9M 115.3% | $85.5M 121.3% | $42.1M 131.4% | $41.6M 147.9% | $36.1M 130.2% | $31.4M 134.2% | $139.8M 116.8% | $119.3M 112.8% |
| Operating Income | -$12.5M -12.9% | -$12.3M -12.9% | -$14.3M -15.3% | -$15.0M -21.3% | -$10.1M -31.4% | -$13.5M -47.9% | -$8.4M -30.2% | -$8.0M -34.2% | -$20.1M -16.8% | -$13.6M -12.8% |
| Income Tax Expense | $174K 0.2% | -$226K -0.2% | $54K 0.1% | $821K 1.2% | $206K 0.6% | $248K 0.9% | $270K 1.0% | $2K 0.0% | $50K 0.0% | $1.6M 1.5% |
| Net Income | -$11.9M -12.3% | -$9.8M -10.2% | $3.9M 4.2% | $50.0M 70.8% | $29.1M 90.8% | -$19.9M -70.7% | $856K 3.1% | $25.5M 108.8% | $23.8M 19.9% | $13.6M 12.9% |
| Per Share | ||||||||||
| EPS (Basic) | -$0.63 | -$0.52 | $0.16 | $2.67 | $1.63 | -$1.16 | $0.05 | $1.70 | $1.63 | $0.97 |
| EPS (Diluted) | -$0.63 | -$0.52 | $0.16 | $2.66 | $1.62 | -$1.16 | $0.05 | $1.68 | $1.61 | $0.97 |
| Weighted Avg Shares (Basic) | 18.0M | 17.8M | 17.9M | 17.8M | 17.0M | 17.1M | 16.0M | 15.0M | 14.6M | 14.0M |
| Weighted Avg Shares (Diluted) | 18.0M | 17.8M | 17.9M | 17.9M | 17.1M | 17.1M | 16.2M | 15.2M | 14.8M | 14.0M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
A reverse discounted cash flow is not shown for a REIT.
Depreciation swamps reported earnings for a property owner — which is why FFO exists. EBITDA leverage and a net-income DCF both mislead here.
Classified from the filings: SIC code.
Ranked against 21 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PSTL | $675M | 47.5× | 17.7× | 7.0× | 25.5% | — | 14.8% | 5.0% | 2.2% | 6.2× | 220 |
| JBGS | $633M | — | 3.0× | 1.3× | -8.9% | — | -27.9% | -12.0% | -12.0% | -0.4× | 200 |
| CLDT | $628M | 96.3× | 9.4× | 2.1× | -7.0% | — | 5.1% | 2.0% | 1.4% | 3.1× | 176 |
| UHT | $518M | 29.4× | 13.9× | 5.2× | 0.2% | — | 17.8% | 11.6% | 3.3% | 5.8× | 182 |
| FBRT | $510M | 9.6× | — | 1.9× | 20.9% | — | 30.5% | 5.7% | 5.7% | — | 240 |
| NXRT | $498M | — | 16.8× | 2.0× | -3.2% | — | -12.7% | -10.8% | -1.7% | 12.8× | 224 |
| BDN | $477M | — | — | 1.0× | -4.2% | 61.8% | -36.8% | -22.5% | -5.3% | — | 231 |
| FPI | $452M | 17.0× | 65.3× | 8.7× | -10.4% | — | 60.5% | 6.7% | 5.0% | 17.2× | 179 |
| LAND | $413M | — | — | 4.7× | 3.7% | 89.1% | 15.3% | 2.0% | 1.2% | — | 178 |
| FVR | $399M | — | 25.4× | 6.0× | 39.1% | — | -5.7% | -1.0% | -0.5% | 10.9× | 123 |
| TCI | $396M | 28.2× | 94.3× | 8.1× | 4.2% | — | 28.1% | 1.6% | 1.3% | — | 47 |
| CHCT | $389M | 169.8× | — | 3.2× | 4.7% | — | 4.2% | 1.2% | 0.5% | — | 169 |
| PINE | $316M | — | 19.5× | 5.2× | 15.9% | 86.0% | -4.4% | -0.9% | -0.4% | 11.7× | 144 |
| NLCP | $284M | 10.8× | 6.1× | 5.6× | 1.9% | — | 51.5% | 6.8% | 6.8% | -0.6× | 3 |
| NXDT | $269M | — | 15.9× | 3.1× | 3.3% | — | -151% | -18.6% | -18.6% | -0.5× | 124 |
| BRT | $253M | — | 16.4× | 2.6× | 1.5% | 99.8% | -12.3% | -6.7% | -6.7% | -1.8× | 112 |
| STRW | $185M | 21.8× | 7.9× | 1.2× | 32.4% | — | 4.9% | 62.6% | 0.9% | 6.3× | 77 |
| FREVS | $165M | 46.9× | 14.8× | 5.6× | 2.2% | — | 12.0% | 10.3% | 2.3% | 5.7× | — |
| ACR | $160M | 341.3× | — | 2.0× | -4.2% | — | 35.0% | 6.6% | 1.4% | — | 67 |
| ELME | $156M | — | 1.3× | 0.6× | 6.2% | 63.3% | -5.4% | -1.2% | -1.2% | -0.1× | 157 |
| SEVN | $154M | 6.8× | — | 5.2× | -16.7% | — | 52.5% | 4.7% | 4.7% | — | 93 |
| BHR | $101M | — | 6.6× | 0.1× | -3.3% | — | -3.2% | -16.1% | -1.8% | 6.0× | 124 |
Peers = companies sharing BRT's sector (Real Estate Investment Trusts) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2017 | not reported | -12.8% | 12.9% |
| FY2018 | not reported | -16.8% | 19.9% |
| FY2019 | not reported | -34.2% | 108.8% |
| FY2020 | 17.8% | -30.2% | 3.1% |
| FY2021 | 87.0% | -47.9% | -70.7% |
| FY2022 | not reported | -31.4% | 90.8% |
| FY2023 | not reported | -21.3% | 70.8% |
| FY2024 | not reported | -15.3% | 4.1% |
| FY2025 | not reported | -12.9% | -10.2% |
| FY2026 | 99.8% | -12.9% | -12.3% |
Return on equity (-7%) and return on invested capital (-7%) are within a couple of points in FY2026, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: tax_rate.
Converts 2.74x of reported profit into free cash flow over 4 years, with accruals negative.
Reported free cash flow is $7M; after share-based compensation it is $2M. The difference is a real cost that the cash flow statement adds back.
Leverage is not measurable this way for a reit.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Depreciation swamps reported earnings for a property owner — which is why FFO exists. EBITDA leverage and a net-income DCF both mislead here.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
At $13.47, free cash flow must compound 7.55%/yr for 10 years. It has done -1.02%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2021 | −137.4% | 7.6% |
| FY2024 | 8.8% | 7.6% |
| FY2025 | 80.6% | 7.6% |
| FY2026 | −63.1% | 7.6% |
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.
| Step | Amount | Running total |
|---|---|---|
| Net income | −$12M | −$12M |
| Share-based comp | $5M | −$7M |
| Other non-cash & working capital | $21M | $14M |
| Operating cash flow | $14M | $14M |
| Capex | −$7M | $7M |
| Free cash flow | $7M | $7M |
| FCF after SBC | $2M | $2M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2021 | 1.2% | not reported | not reported |
| FY2022 | 14.1% | not reported | not reported |
| FY2023 | 120.0% | not reported | not reported |
| FY2024 | 32.7% | not reported | not reported |
| FY2025 | 2.1% | not reported | not reported |
| FY2026 | 1.5% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2020 | -2.0 percent |
| FY2021 | -5.0 percent |
| FY2022 | 6.5 percent |
| FY2023 | 4.7 percent |
| FY2024 | -2.2 percent |
| FY2025 | -4.8 percent |
| FY2026 | -3.7 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2026) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.