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Side-by-side financial comparison of BRT Apartments Corp. (BRT) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.
FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $24.3M, roughly 1.1× BRT Apartments Corp.). BRT Apartments Corp. runs the higher net margin — -17.8% vs -28.1%, a 10.3% gap on every dollar of revenue. On growth, BRT Apartments Corp. posted the faster year-over-year revenue change (1.3% vs -8.2%). Over the past eight quarters, BRT Apartments Corp.'s revenue compounded faster (1.9% CAGR vs -8.7%).
BRT Apartments Corp is a publicly traded real estate investment trust that owns, operates, and develops multi-family residential properties primarily across high-growth markets in the United States. Its core portfolio consists of garden-style and mid-rise apartment communities, serving diverse renter groups while targeting long-term asset value appreciation and stable dividend returns for its shareholders.
Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.
BRT vs FSP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $24.3M | $26.0M |
| Net Profit | $-4.3M | $-7.3M |
| Gross Margin | — | 59.4% |
| Operating Margin | -14.3% | -27.9% |
| Net Margin | -17.8% | -28.1% |
| Revenue YoY | 1.3% | -8.2% |
| Net Profit YoY | -108.7% | 14.1% |
| EPS (diluted) | $-0.23 | $-0.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $24.3M | $26.0M | ||
| Q3 25 | $24.4M | $27.3M | ||
| Q2 25 | $24.2M | $26.7M | ||
| Q1 25 | $24.1M | $27.1M | ||
| Q4 24 | $24.0M | $28.4M | ||
| Q3 24 | $24.4M | $29.7M | ||
| Q2 24 | $23.9M | $30.8M | ||
| Q1 24 | $23.4M | $31.2M |
| Q4 25 | $-4.3M | $-7.3M | ||
| Q3 25 | $-2.7M | $-8.3M | ||
| Q2 25 | $-2.6M | $-7.9M | ||
| Q1 25 | $-2.4M | $-21.4M | ||
| Q4 24 | $-2.1M | $-8.5M | ||
| Q3 24 | $-2.2M | $-15.6M | ||
| Q2 24 | $-2.3M | $-21.0M | ||
| Q1 24 | $-3.2M | $-7.6M |
| Q4 25 | — | 59.4% | ||
| Q3 25 | — | 60.9% | ||
| Q2 25 | — | 59.9% | ||
| Q1 25 | — | 62.8% | ||
| Q4 24 | — | 59.7% | ||
| Q3 24 | — | 61.0% | ||
| Q2 24 | — | 64.2% | ||
| Q1 24 | — | 64.7% |
| Q4 25 | -14.3% | -27.9% | ||
| Q3 25 | -13.7% | -30.5% | ||
| Q2 25 | -12.2% | -29.2% | ||
| Q1 25 | -11.3% | -78.9% | ||
| Q4 24 | -14.3% | -29.9% | ||
| Q3 24 | -11.7% | -52.4% | ||
| Q2 24 | -11.6% | -68.0% | ||
| Q1 24 | -14.0% | -24.0% |
| Q4 25 | -17.8% | -28.1% | ||
| Q3 25 | -11.1% | -30.5% | ||
| Q2 25 | -10.6% | -29.5% | ||
| Q1 25 | -9.8% | -79.1% | ||
| Q4 24 | -8.6% | -30.0% | ||
| Q3 24 | -9.0% | -52.6% | ||
| Q2 24 | -9.8% | -68.2% | ||
| Q1 24 | -13.5% | -24.2% |
| Q4 25 | $-0.23 | $-0.06 | ||
| Q3 25 | $-0.14 | $-0.08 | ||
| Q2 25 | $-0.14 | $-0.08 | ||
| Q1 25 | $-0.12 | $-0.21 | ||
| Q4 24 | $-0.10 | $-0.09 | ||
| Q3 24 | $-0.12 | $-0.15 | ||
| Q2 24 | $-0.13 | $-0.20 | ||
| Q1 24 | $-0.17 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $25.1M | $30.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $177.2M | $607.0M |
| Total Assets | $709.8M | $892.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $25.1M | $30.6M | ||
| Q3 25 | $21.1M | $31.4M | ||
| Q2 25 | $23.6M | $29.4M | ||
| Q1 25 | $24.4M | $30.2M | ||
| Q4 24 | $27.9M | $41.1M | ||
| Q3 24 | $45.8M | $40.9M | ||
| Q2 24 | $18.9M | $30.2M | ||
| Q1 24 | $21.3M | $34.2M |
| Q4 25 | $177.2M | $607.0M | ||
| Q3 25 | $186.7M | $615.3M | ||
| Q2 25 | $192.1M | $624.7M | ||
| Q1 25 | $198.5M | $633.4M | ||
| Q4 24 | $205.0M | $655.9M | ||
| Q3 24 | $209.9M | $665.4M | ||
| Q2 24 | $214.7M | $682.1M | ||
| Q1 24 | $220.7M | $703.9M |
| Q4 25 | $709.8M | $892.9M | ||
| Q3 25 | $714.2M | $901.0M | ||
| Q2 25 | $699.6M | $903.2M | ||
| Q1 25 | $703.9M | $916.4M | ||
| Q4 24 | $713.5M | $946.9M | ||
| Q3 24 | $717.7M | $981.5M | ||
| Q2 24 | $694.7M | $1.0B | ||
| Q1 24 | $699.5M | $1.0B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $14.1M | $3.8M |
| Free Cash FlowOCF − Capex | — | $-12.7M |
| FCF MarginFCF / Revenue | — | -48.6% |
| Capex IntensityCapex / Revenue | — | 63.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $3.8M | ||
| Q3 25 | $9.1M | $8.3M | ||
| Q2 25 | $8.5M | $-2.9M | ||
| Q1 25 | $246.0K | $-5.5M | ||
| Q4 24 | $24.1M | $9.0M | ||
| Q3 24 | $9.0M | $14.5M | ||
| Q2 24 | $6.9M | $-648.0K | ||
| Q1 24 | $653.0K | $-7.1M |
| Q4 25 | — | $-12.7M | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | — | $-5.7M | ||
| Q1 25 | — | $-9.9M | ||
| Q4 24 | — | $-16.2M | ||
| Q3 24 | — | $8.6M | ||
| Q2 24 | — | $-5.1M | ||
| Q1 24 | — | $-15.8M |
| Q4 25 | — | -48.6% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | -21.5% | ||
| Q1 25 | — | -36.7% | ||
| Q4 24 | — | -57.2% | ||
| Q3 24 | — | 29.1% | ||
| Q2 24 | — | -16.7% | ||
| Q1 24 | — | -50.8% |
| Q4 25 | — | 63.0% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | — | 88.9% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | 14.6% | ||
| Q1 24 | — | 28.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRT
| Unconsolidated Joint Ventures | $13.2M | 54% |
| Other | $11.1M | 46% |
FSP
Segment breakdown not available.
