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Side-by-side financial comparison of BRT Apartments Corp. (BRT) and KKR Real Estate Finance Trust Inc. (KREF). Click either name above to swap in a different company.
KKR Real Estate Finance Trust Inc. is the larger business by last-quarter revenue ($25.8M vs $24.3M, roughly 1.1× BRT Apartments Corp.). BRT Apartments Corp. runs the higher net margin — -17.8% vs -101.7%, a 84.0% gap on every dollar of revenue. On growth, BRT Apartments Corp. posted the faster year-over-year revenue change (1.3% vs -26.6%). Over the past eight quarters, BRT Apartments Corp.'s revenue compounded faster (1.9% CAGR vs -18.8%).
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.
KKR Real Estate Finance Trust Inc. is a specialized real estate finance firm sponsored by global investment firm KKR. It primarily originates, acquires, and manages a portfolio of senior secured commercial real estate loans, mostly backed by high-quality institutional commercial properties across the United States, delivering stable risk-adjusted returns to investors via interest income from its diversified assets.
BRT vs KREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $24.3M | $25.8M |
| Net Profit | $-4.3M | $-26.2M |
| Gross Margin | — | — |
| Operating Margin | -14.3% | -105.1% |
| Net Margin | -17.8% | -101.7% |
| Revenue YoY | 1.3% | -26.6% |
| Net Profit YoY | -108.7% | -229.6% |
| EPS (diluted) | $-0.23 | $-0.49 |
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 | $25.8M | ||
| Q3 25 | $24.4M | $25.3M | ||
| Q2 25 | $24.2M | $30.2M | ||
| Q1 25 | $24.1M | $31.3M | ||
| Q4 24 | $24.0M | $35.1M | ||
| Q3 24 | $24.4M | $37.0M | ||
| Q2 24 | $23.9M | $40.4M | ||
| Q1 24 | $23.4M | $39.1M |
| Q4 25 | $-4.3M | $-26.2M | ||
| Q3 25 | $-2.7M | $13.8M | ||
| Q2 25 | $-2.6M | $-29.7M | ||
| Q1 25 | $-2.4M | $-4.9M | ||
| Q4 24 | $-2.1M | $20.3M | ||
| Q3 24 | $-2.2M | $-7.4M | ||
| Q2 24 | $-2.3M | $25.8M | ||
| Q1 24 | $-3.2M | $-3.1M |
| Q4 25 | -14.3% | -105.1% | ||
| Q3 25 | -13.7% | 50.4% | ||
| Q2 25 | -12.2% | -101.3% | ||
| Q1 25 | -11.3% | -18.3% | ||
| Q4 24 | -14.3% | 55.8% | ||
| Q3 24 | -11.7% | -19.6% | ||
| Q2 24 | -11.6% | 63.3% | ||
| Q1 24 | -14.0% | -8.7% |
| Q4 25 | -17.8% | -101.7% | ||
| Q3 25 | -11.1% | 54.4% | ||
| Q2 25 | -10.6% | -98.5% | ||
| Q1 25 | -9.8% | -15.5% | ||
| Q4 24 | -8.6% | 57.7% | ||
| Q3 24 | -9.0% | -20.0% | ||
| Q2 24 | -9.8% | 63.9% | ||
| Q1 24 | -13.5% | -7.9% |
| Q4 25 | $-0.23 | $-0.49 | ||
| Q3 25 | $-0.14 | $0.12 | ||
| Q2 25 | $-0.14 | $-0.53 | ||
| Q1 25 | $-0.12 | $-0.15 | ||
| Q4 24 | $-0.10 | $0.22 | ||
| Q3 24 | $-0.12 | $-0.19 | ||
| Q2 24 | $-0.13 | $0.29 | ||
| Q1 24 | $-0.17 | $-0.13 |
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 | $84.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $177.2M | $1.2B |
| Total Assets | $709.8M | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $25.1M | $84.6M | ||
| Q3 25 | $21.1M | $204.1M | ||
| Q2 25 | $23.6M | $107.7M | ||
| Q1 25 | $24.4M | $106.4M | ||
| Q4 24 | $27.9M | $104.9M | ||
| Q3 24 | $45.8M | $108.8M | ||
| Q2 24 | $18.9M | $107.2M | ||
| Q1 24 | $21.3M | $106.5M |
| Q4 25 | $177.2M | $1.2B | ||
| Q3 25 | $186.7M | $1.2B | ||
| Q2 25 | $192.1M | $1.2B | ||
| Q1 25 | $198.5M | $1.3B | ||
| Q4 24 | $205.0M | $1.3B | ||
| Q3 24 | $209.9M | $1.4B | ||
| Q2 24 | $214.7M | $1.4B | ||
| Q1 24 | $220.7M | $1.4B |
| Q4 25 | $709.8M | $6.5B | ||
| Q3 25 | $714.2M | $6.5B | ||
| Q2 25 | $699.6M | $6.8B | ||
| Q1 25 | $703.9M | $6.6B | ||
| Q4 24 | $713.5M | $6.4B | ||
| Q3 24 | $717.7M | $6.8B | ||
| Q2 24 | $694.7M | $7.1B | ||
| Q1 24 | $699.5M | $7.3B |
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 | $72.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $72.3M | ||
| Q3 25 | $9.1M | $18.5M | ||
| Q2 25 | $8.5M | $21.1M | ||
| Q1 25 | $246.0K | $15.9M | ||
| Q4 24 | $24.1M | $132.6M | ||
| Q3 24 | $9.0M | $49.1M | ||
| Q2 24 | $6.9M | $30.6M | ||
| Q1 24 | $653.0K | $34.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | — |
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% |
KREF
Segment breakdown not available.
