BRT房地产信托 2024年度报告

FORM10-K (MarkOne) ☒ANNUAL REPORT PURSUANT TO SECTION13 OR 15 (d)OF THE SECURITIES EXCHANGE ACT OF1934 Or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934Commission file number001-07172 BRT APARTMENTS CORP. (Exact name of registrant as specified in its charter) 516-466-3100 Registrant's telephone number, including area code Securities registered pursuant to Section12(b) of the Act: Name of each exchange on which registered Securities registered pursuant to Section12(g) of the Act: NONE(Title of Class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yeso Noý Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15(d) of the Act.Yeso Noý Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days.YesýNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YesýNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer. or a smallerreporting company or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reportingcompany" and "emerging growth company" in Rule12b-2 of the Exchange Act. (Check one): Accelerated fileroNon-accelerated filerýSmallerreportingcompany☒ Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether registrant is a shell company (as defined in Exchange Act Rule12b-2).Yes☐Noý Table of Contents Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). .☐ The aggregate market value of voting and non-voting common equity held by non-affiliates of the registrant was approximately$203.5million based on the last sale price of the common equity on June30, 2024, which is the last business day of the registrant's mostrecently completed second quarter. As of February 28, 2025, the registrant had18,929,742shares of common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the proxy statement for the 2024 annual meeting of stockholders of the Registrant to be filed pursuant to Regulation 14Anot later than April 30, 2025, are incorporated by reference into Part III of this Annual Report on Form 10-K. TABLE OF CONTENTS Form10-K Explanatory NoteCautionary Statement Regarding Forward-Looking StatementsPART I1Business1A.Risk Factors1B.Unresolved Staff Comments1C.Cybersecurity2Properties3Legal Proceedings4Mine Safety DisclosuresPART II5Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities6[Reserved]7Management's Discussion and Analysis of Financial Condition and Results of Operations7A.Quantitative and Qualitative Disclosures About Market Risk8Financial Statements and Supplementary Data9Changes In and Disagreements With Accountants on Accounting and Financial Disclosure9A.Controls and Procedures9B.Other Information9C.Disclosure Regarding Foreign Jurisdictions that Prevent InspectionsPART III10Directors, Executive Officers and Corporate Governance11Executive Compensation12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters13Certain Relationships and Related Transactions, and Director Independence14Principal Accountant Fees and ServicesPART IV15Exhibits and Financial Statement Schedules16Form 10-K SummarySignatures Explanatory Note Unless otherwise indicated or the context otherw