secwatch.observer — SEC 8-K summary
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Issuer:     BRT Apartments Corp. (BRT)
CIK:        0000014846
Form:       8-K
Filed at:   2026-09-17T21:17:13+00:00
Accession:  0000014846-26-000042
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BRT Apartments amends credit facility terms, boosts buyback to $10M
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- Reduced interest rate on $40M revolver to 3-month SOFR +210bps from +250bps; minimum rate cut to 5% from 6%.
- Cap rate for asset valuation under facility reduced to 6.25% from 6.5%.
- Outstanding balance on facility is $0 as of Sept 17, 2026; facility remains undrawn.
- Board authorized replenishment of stock repurchase program to $10M in shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14846/000001484626000042/0000014846-26-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14846/000001484626000042/brt-20260917.htm
  HTML page:      https://secwatch.observer/filing/0000014846-26-000042

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