---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-024391"
form_type: "8-K"
ticker: "BRT"
cik: "0000014846"
company_name: "BRT Apartments Corp."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:24:41.335668+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# BRT Apartments enters into $40M at-the-market equity offering agreements; terminates prior agreements

## Summary
- Entered into equity distribution agreements with B. Riley, JMP, Raymond James for ATM offering of up to $40M.
- Sales agents receive commission of up to 2.0% of gross sales price; expense reimbursement up to $35K.
- Prior ATM agreements dated March 2022 terminated effective May 12, 2023.
- Shares issued under existing shelf registration statement (Form S-3).
- Company may suspend sales at any time; no obligation to sell any shares.

## SEC filing metadata
- accession: 0001140361-23-024391
- form_type: 8-K
- ticker: BRT
- cik: 0000014846
- company_name: BRT Apartments Corp.
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14846/000114036123024391/0001140361-23-024391-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14846/000114036123024391/ny20008782x4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-024391
- JSON: https://secwatch.observer/filing/0001140361-23-024391.json
- Plain text: https://secwatch.observer/filing/0001140361-23-024391.txt

## Key facts
- Material Agreements
  BRT Apartments Corp. entered into Sales Agreement with B. Riley Securities, Inc., JMP Securities LLC and Raymond James & Associates, Inc. valued at $40 million (effective 2023-05-12).
  - Action: entry
  - Agreement: atm program
  - Counterparty: B. Riley Securities, Inc., JMP Securities LLC and Raymond James & Associates, Inc.
  - Value: $40 million
  - Effective: 2023-05-12
  source text: On May 12, 2023, we entered into separate Equity Distribution Agreements (each, a “Sales Agreement” and collectively, the “Sales Agreements”) with the Sales Agents (as defined), to sell shares of our common stock, par value $0.01 per share, (the “Shares”) having an aggregate sales price of up to $40 million, from time to time, through an “at the market” equity offering program under which B. Riley Securities, Inc., JMP Securities LLC and Raymond James & Associates, Inc., will each act as sales agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/14846/000114036123024391/0001140361-23-024391-index.htm
- Material Agreements
  BRT Apartments Corp. terminated a atm program with Raymond James & Associates, Inc., B. Riley Securities, Inc. and JMP Securities LLC (effective 2023-05-12).
  - Action: termination
  - Agreement: atm program
  - Counterparty: Raymond James & Associates, Inc., B. Riley Securities, Inc. and JMP Securities LLC
  - Effective: 2023-05-12
  source text: Effective as of May 12, 2023, we terminated the equity distribution agreements dated March 18, 2022 between us and each of Raymond James & Associates, Inc., B. Riley Securities, Inc. and JMP Securities LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/14846/000114036123024391/0001140361-23-024391-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.