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BRT Apartments (BRT) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 7, 2025

BRT Apartments (BRT) reported revenue of $24.2M for the second quarter 2025 (Q2 2025), +1% from a year earlier and +0.4% from the quarter before. Operating margin was -12.2%, net loss $2.5M (10.4% of revenue).

Revenue$24.2M
Year over year+1%
Quarter over quarter+0.4%
Operating margin-12.2%
Net earnings−$2.5M

BRT Apartments, Q2 2025: revenue $24.2M (+1% year over year), operating margin -12.2%, net loss $2.5M, operating cash flow $8.5M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$24.2M+0.4%+1%
Operating profit−$3.0M——
Net earnings−$2.5M——
Operating cash flow$8.5M34×+22%
Free cash flow$6.4M—+22%

What changed

Revenue was $24.2M in Q2 2025, up 1% year over year and roughly flat from the previous quarter.

Operating costs exceeded revenue by $3.0M, an operating margin of -12.2%. Total costs grew 2% against revenue growth of 1%. The quarter ended with a net loss of $2.5M, wider than the previous quarter's $2.3M loss.

Operating cash flow was $8.5M (up 22% year over year). Non-cash charges added back $6.6M of depreciation and amortization. Working capital and other items added $4.4M. Capital expenditures of $2.1M left free cash flow of $6.4M.

Questions

What was BRT Apartments' revenue in the second quarter 2025?

BRT Apartments (BRT) reported revenue of $24.2M for the second quarter 2025 (Q2 2025), +1% from a year earlier and +0.4% from the quarter before.

Was BRT Apartments profitable in the second quarter 2025?

Operating loss was $3.0M (-12.2% of revenue) and net loss $2.5M.

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Source: BRT Apartments 10-Q on SEC EDGAR.