BRT房地产信托 2025年度报告

FORM 10-K (MarkOne) ☒ANNUAL REPORT PURSUANT TO SECTION13 OR 15 (d)OF THE SECURITIES EXCHANGE ACT OF1934For the fiscal year ended December 31, 2025Or☐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 registeredNew York Stock Exchange 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.YesNo Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15(d) of the Act.YesNo 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.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).YesNo 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 filerNon-accelerated filerSmallerreportingcompany☒ 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. Indicate by check mark whether registrant is a shell company (as defined in Exchange Act Rule12b-2).Yes☐No 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$162.9million based on the last sale price of the common equity on June30, 2025, which is the last business day of the registrant's mostrecently completed second quarter. As of February 27, 2026, the registrant had 18,983,013 shares of common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the proxy statement for the 2026 annual meeting of stockholders of the Registrant to be filed pursuant to Regulation 14Anot later than April 30, 2026, 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 Statements BusinessRisk FactorsUnresolved Staff CommentsCybersecurityPropertiesLegal ProceedingsMine Safety Disclosures Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities[Reserved]Management's Discussion and Analysis of Financial Condition and Results of OperationsQuantitative and Qualitative Disclosures About Market RiskFinancial Statements and Supplementary DataChanges In and Disagreements With Accountants on Accounting and Financial DisclosureControls and ProceduresOther InformationDisclosure Regarding Foreign Jurisdictions that Prevent Inspections Directors, Executive Officers and Corporate GovernanceExecutive CompensationSecurity Ownership of Certain Beneficial Owners and Management and Related Stockholder MattersCertain Relationships and Related Transactions, and Director IndependencePrincipal Accountant Fees and Services Exhibits and Financial Statement Schedules45Form 10-K Summary4849 Explanatory Note Unless otherwise indicated or the context otherwise req