Filing Flows › BRT Apartments (BRT) › Q3 2025
BRT Apartments (BRT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
BRT Apartments (BRT) reported revenue of $24.4M for the third quarter 2025 (Q3 2025), +0.2% from a year earlier and +1% from the quarter before. Operating margin was -13.7%, net loss $2.7M (10.9% of revenue).
BRT Apartments, Q3 2025: revenue $24.4M (+0.2% year over year), operating margin -13.7%, net loss $2.7M, operating cash flow $9.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.4M | +1% | +0.2% |
| Operating profit | −$3.3M | — | — |
| Net earnings | −$2.7M | — | — |
| Operating cash flow | $9.1M | +7% | +1% |
| Free cash flow | $7.2M | +13% | -2% |
What changed
Revenue was $24.4M in Q3 2025, roughly flat year over year and up 1% from the previous quarter.
Operating costs exceeded revenue by $3.3M, an operating margin of -13.7%. Total costs grew 2% against flat revenue. The quarter ended with a net loss of $2.7M, wider than the previous quarter's $2.5M loss. Non-operating items added $680K, -26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $9.1M (up 1% year over year). Non-cash charges added back $6.6M of depreciation and amortization. Working capital and other items added $5.1M. Capital expenditures of $1.9M left free cash flow of $7.2M.
Questions
What was BRT Apartments' revenue in the third quarter 2025?
BRT Apartments (BRT) reported revenue of $24.4M for the third quarter 2025 (Q3 2025), +0.2% from a year earlier and +1% from the quarter before.
Was BRT Apartments profitable in the third quarter 2025?
Operating loss was $3.3M (-13.7% of revenue) and net loss $2.7M.
Source: BRT Apartments 10-Q on SEC EDGAR.