What is the impact of the Q2 results on the company's REIT yield and valuation multiples?

Short answer: Based on the brief press‑release you’ve shared, there isn’t enough quantitative information to calculate how the Q 2 2025 results have altered BRT Apartments’ REIT‑yield or any valuation multiples (e.g., price/FFO, price/NAV, EV/EBITDA, etc.).

Below you’ll find a clear explanation of why the data are insufficient, what specific numbers you’d need to compute those metrics, and where you can locate them (the 10‑Q filing and related investor‑relations documents). I also outline the standard methodology you would use once the required figures are available, so you can quickly assess the impact yourself or ask a follow‑up question with the missing data.

1. What the news release actually tells us

Because the release only announces that the filing exists, it does not contain the actual numbers needed to compute REIT‑yield or any valuation multiples.

2. What you need to calculate the metrics

Where to find them in the filing:

1. Consolidated Statements of Operations – for net income, depreciation, amortization, gains/losses on sales.
2. Notes to the Financial Statements – often contain a “Reconciliation of Net Income to FFO/AFFO.”
3. Balance Sheet – total debt, cash & cash equivalents.
4. Shareholder’s Equity – shares outstanding; sometimes disclosed as “Weighted‑average shares outstanding.”
5. Dividend/Distribution Note – per‑share distribution amount (if the REIT paid a dividend in Q2).
6. Management’s Discussion & Analysis (MD&A) – may include management‑level commentary on “REIT yield” and “valuation multiples.”

3. How to translate the numbers into the metrics

3.1 REIT Yield (Dividend Yield)

1. Annualize the quarterly distribution:
   [ \text{Annualized DPS}= \text{Quarterly DPS} \times 4 \quad (\text{or if the company already reports an annualized distribution, use that directly}) ]
2. Obtain the closing price (or average price over the quarter).
   
3. Calculate:
   [ \text{REIT Yield} = \frac{\text{Annualized DPS}}{\text{Share Price}} \times 100\% ]

3.2 Valuation Multiples

Step‑by‑step:

1. Market Cap = Share price × shares outstanding.
   
2. Enterprise Value (EV) = Market Cap + Total Debt (interest‑bearing) – Cash & Cash Equivalents.
   
3. FFO = Net income + depreciation/amortization (real‑estate) – gains on sale + losses on sale.
   
4. EBITDA = Net income + interest expense + taxes + depreciation & amortization (including non‑real‑estate items) – gains on sales + losses on sales.

4. What you can do right now

1. Download the Q2 2025 Form 10‑Q from BRT’s investor‑relations site (the “Financials – Quarterly Results” page).
   
2. Locate the FFO & AFFO reconciliation and dividend/distribution sections.
   
3. Grab the latest share price from a reliable market data source (as of the filing date or the most recent closing price).
   
4. Use the formulas above to compute the REIT yield and valuation multiples (price/FFO, price/NAV, etc.).
   
5. Compare the new numbers with historical levels (e.g., Q1 2025, Q4 2024) and with industry peers (e.g., other residential REITs) to assess whether the Q2 results have improved, deteriorated, or left unchanged the REIT’s valuation profile.

5. Bottom‑line answer to your question (as of the information given)

We cannot determine the impact on BRT’s REIT yield or valuation multiples from the news excerpt alone, because the release does not contain the necessary quantitative data (e.g., dividend amount, FFO, share price, or market‑cap figures).

To answer the question accurately, you’ll need to retrieve the detailed figures from BRT’s Q2 2025 Form 10‑Q (or the accompanying earnings release) and then apply the standard formulas listed above. Once those numbers are at hand, the steps in Section 3 will give you the exact REIT yield and the relevant valuation multiples (e.g., price/FFO, price/NAV, EV/FFO) and enable a direct comparison to prior periods and industry peers.

If you can provide any of the missing numbers—such as the quarterly dividend per share, the FFO for the quarter, or the current share price—I can calculate the precise yields and multiples for you right away.