XML 17 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Real estate properties, net of accumulated depreciation and amortization of $101,332 and $91,715 $ 1,077,326 $ 1,029,239
Real estate loan 4,600 4,750
Cash and cash equivalents 21,062 32,428
Restricted cash 7,813 8,180
Deposits and escrows 14,902 21,268
Investments in unconsolidated joint ventures 19,125 19,758
Other assets 9,087 8,084
Total Assets [1] 1,153,915 1,123,707
Liabilities:    
Mortgages payable, net of deferred costs of $6,100 and $6,289 808,729 771,817
Junior subordinated notes, net of deferred costs of $352 and $357 37,048 37,043
Accounts payable and accrued liabilities 22,620 24,487
Total Liabilities [1] 868,397 833,347
Commitments and contingencies
BRT Apartments Corp. stockholders' equity:    
Preferred shares $.01 par value 2,000 shares authorized, none outstanding 0 0
Common stock, $.01 par value, 300,000 shares authorized; 15,175 and 15,038 shares outstanding 152 150
Additional paid-in capital 217,344 216,981
Accumulated other comprehensive income 1,082 1,688
Accumulated deficit (27,512) (20,044)
Total BRT Apartments Corp. stockholders’ equity 191,066 198,775
Non-controlling interests 94,452 91,585
Total Equity 285,518 290,360
Total Liabilities and Equity $ 1,153,915 $ 1,123,707
[1] The Company's consolidated balance sheets include the assets and liabilities of consolidated variable interest entities (VIEs). See note 6. The consolidated balance sheets include the following amounts related to the Company's VIEs as of March 31, 2019 and December 31, 2018, respectively: $635,457 and $584,074 of real estate properties, $6,859 and $5,207 of cash and cash equivalents, $7,419 and $11,705 of deposits and escrows, $5,649 and $6,302 of other assets,  $484,232 and $446,779 of mortgages payable, net of deferred costs and $9,482 and $11,816 of accounts payable and accrued liabilities.