BRT Apartments: High Yield Play With Some Concerns

LionHShares of multi-family REIT BRT Apartments Corp. (NYSE:BRT) have dropped nearly 30% of their value since August 2022 as higher rates and oversupply in parts of the Sun Belt markets have weighed. Those undercurrents have slowed a management team that had been active refurbishing distressed properties, selling them for a profit, and employing the funds to buy out its partners. With no meaningful mortgage rollovers until 2026, a repurchase program fueled by asset sales, a near 5.4% yield, the recent i ...