RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENT - Balance Sheet (Details) - USD ($) $ / shares in Units, $ in Thousands |
Dec. 31, 2019 |
Sep. 30, 2019 |
Jun. 30, 2019 |
Mar. 31, 2019 |
Dec. 31, 2018 |
Sep. 30, 2018 |
Jun. 30, 2018 |
Mar. 31, 2018 |
Dec. 31, 2017 |
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ASSETS | |||||||||||||
Real estate investment property, net | $ 169,689 | $ 151,046 | $ 152,106 | $ 175,785 | $ 176,942 | [1] | $ 160,019 | $ 120,539 | $ 121,525 | ||||
Real estate loan | 4,150 | 4,300 | 4,450 | 4,600 | 4,750 | [1] | 4,900 | 5,050 | 5,200 | ||||
Cash and cash equivalents | 22,699 | 9,371 | 8,305 | 11,794 | 23,539 | [1] | 18,185 | 15,236 | 19,816 | ||||
Restricted cash | 9,719 | 10,789 | 9,962 | 7,813 | 8,180 | [1] | 6,686 | 7,630 | 7,702 | ||||
Deposits and escrows | 1,986 | 2,877 | 2,994 | 2,609 | 3,299 | [1] | 3,469 | 2,286 | 1,725 | ||||
Investment in unconsolidated joint ventures | 177,071 | 187,044 | 188,224 | 182,802 | 176,684 | [1] | 179,588 | 191,742 | 183,491 | ||||
Other assets | 5,296 | 4,183 | 4,304 | 3,505 | 1,596 | [1] | 1,682 | 1,383 | 1,259 | ||||
Real estate properties held for sale | 22,722 | 0 | |||||||||||
Total Assets | 390,610 | 369,610 | 393,067 | 388,908 | 394,990 | [1] | 374,529 | 343,866 | 340,718 | ||||
Liabilities: | |||||||||||||
Mortgages payable | 133,215 | 116,855 | 136,559 | 137,239 | 137,946 | [1] | 123,817 | 95,623 | 96,091 | ||||
Junior subordinated notes, net of deferred costs | 37,063 | 37,058 | 37,053 | 37,048 | 37,043 | [1] | 37,038 | 37,033 | 37,028 | ||||
Credit facility, net of deferred costs | 3,530 | 8,923 | |||||||||||
Accounts payable and accrued liabilities | 20,772 | 22,166 | 21,057 | 17,926 | 16,182 | [1] | 14,912 | 14,587 | 14,238 | ||||
Total Liabilities | 191,050 | 179,609 | 203,592 | 192,213 | 191,171 | [1] | 175,767 | 147,243 | 147,357 | ||||
Commitments and contingencies | |||||||||||||
Preferred shares, $.01 and $1 par value: | |||||||||||||
Authorized 2,000 shares, none issued | 0 | 0 | 0 | 0 | 0 | [1] | 0 | 0 | 0 | ||||
Common stock, $.01 par value, 300,000 shares authorized, | |||||||||||||
Common stock, value, issued | 156 | 152 | 152 | 152 | 150 | [1] | 150 | 144 | 136 | ||||
Additional paid-in capital | 232,331 | 225,209 | 224,063 | 223,736 | 223,373 | [1] | 223,173 | 214,716 | 203,838 | ||||
Accumulated other comprehensive income | (10) | (14) | (11) | 2 | 9 | [1] | 24 | 20 | 14 | ||||
Accumulated deficit | (32,824) | (35,331) | (35,049) | (27,512) | (20,044) | [1] | (24,927) | (18,626) | (10,967) | ||||
Total BRT Apartments Corp. stockholders' equity | 199,653 | 190,016 | 189,155 | 196,378 | 203,488 | [1] | 198,420 | 196,254 | 193,021 | ||||
Non-controlling interests | (93) | (15) | 320 | 317 | 331 | [1] | 342 | 369 | 340 | ||||
Total Equity | 199,560 | 190,001 | 189,475 | 196,695 | 203,819 | [1] | 198,762 | 196,623 | 193,361 | $ 169,541 | [1] | ||
Total Liabilities and Equity | $ 390,610 | $ 369,610 | $ 393,067 | $ 388,908 | $ 394,990 | [1] | $ 374,529 | $ 343,866 | $ 340,718 | ||||
Preferred shares, par value (in dollars per share) | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | |||||
Preferred shares, authorized (in shares) | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | |||||
Preferred shares, issued (in shares) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | |||||
Common stock, issued (in shares) | 15,638,000 | 15,227,000 | 15,172,000 | 15,175,000 | 15,038,000 | 15,048,000 | 14,410,000 | 13,575,000 | |||||
Common stock, authorized (in shares) | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | |||||
As Previously reported | |||||||||||||
ASSETS | |||||||||||||
Real estate investment property, net | $ 1,112,896 | $ 1,098,932 | $ 1,077,326 | $ 1,029,239 | $ 1,020,874 | $ 1,054,484 | $ 993,250 | ||||||
Real estate loan | 4,300 | 4,450 | 4,600 | 4,750 | 4,900 | 5,050 | 5,200 | ||||||
Cash and cash equivalents | 18,466 | 17,336 | 21,062 | 32,428 | 27,360 | 25,061 | 30,974 | ||||||
Restricted cash | 10,789 | 9,962 | 7,813 | 8,180 | 6,686 | 7,630 | 7,702 | ||||||
Deposits and escrows | 19,916 | 17,103 | 14,902 | 21,268 | 24,458 | 23,265 | 23,655 | ||||||
Investment in unconsolidated joint ventures | 18,020 | 18,474 | 19,125 | 19,758 | 20,078 | 20,542 | 20,845 | ||||||
Other assets | 8,210 | 8,929 | 9,087 | 8,084 | 10,080 | 8,573 | 7,005 | ||||||
Real estate properties held for sale | 22,722 | 38,928 | |||||||||||
Total Assets | 1,192,597 | 1,197,908 | 1,153,915 | 1,123,707 | 1,153,364 | 1,144,605 | 1,088,631 | ||||||
Liabilities: | |||||||||||||
Mortgages payable | 844,597 | 846,409 | 808,729 | 771,817 | 792,432 | 783,532 | 743,225 | ||||||
Junior subordinated notes, net of deferred costs | 37,058 | 37,053 | 37,048 | 37,043 | 37,038 | 37,033 | 37,028 | ||||||
Credit facility, net of deferred costs | 3,530 | 8,923 | |||||||||||
Accounts payable and accrued liabilities | 32,285 | 28,738 | 22,620 | 24,487 | 27,409 | 22,554 | 17,002 | ||||||
Total Liabilities | 917,470 | 921,123 | 868,397 | 833,347 | 856,879 | 843,119 | 797,255 | ||||||
Commitments and contingencies | |||||||||||||
Preferred shares, $.01 and $1 par value: | |||||||||||||
Authorized 2,000 shares, none issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Common stock, $.01 par value, 300,000 shares authorized, | |||||||||||||
Common stock, value, issued | 152 | 152 | 152 | 150 | 150 | 144 | 136 | ||||||
Additional paid-in capital | 218,817 | 217,671 | 217,344 | 216,981 | 220,135 | 214,716 | 203,838 | ||||||
Accumulated other comprehensive income | (75) | 143 | 1,082 | 1,688 | 2,629 | 2,408 | 2,132 | ||||||
Accumulated deficit | (35,331) | (35,049) | (27,512) | (20,044) | (24,927) | (18,626) | (10,967) | ||||||
Total BRT Apartments Corp. stockholders' equity | 183,563 | 182,917 | 191,066 | 198,775 | 197,987 | 198,642 | 195,139 | ||||||
Non-controlling interests | 91,564 | 93,868 | 94,452 | 91,585 | 98,498 | 102,844 | 96,237 | ||||||
Total Equity | 275,127 | 276,785 | 285,518 | 290,360 | 296,485 | 301,486 | 291,376 | 243,347 | |||||
Total Liabilities and Equity | 1,192,597 | 1,197,908 | 1,153,915 | 1,123,707 | 1,153,364 | 1,144,605 | 1,088,631 | ||||||
Restatement Impact | |||||||||||||
ASSETS | |||||||||||||
Real estate investment property, net | (961,850) | (946,826) | (901,541) | (852,297) | (860,855) | (933,945) | (871,725) | ||||||
Real estate loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Cash and cash equivalents | (9,095) | (9,031) | (9,268) | (8,889) | (9,175) | (9,825) | (11,158) | ||||||
Restricted cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Deposits and escrows | (17,039) | (14,109) | (12,293) | (17,969) | (20,989) | (20,979) | (21,930) | ||||||
Investment in unconsolidated joint ventures | 169,024 | 169,750 | 163,677 | 156,926 | 159,510 | 171,200 | 162,646 | ||||||
Other assets | (4,027) | (4,625) | (5,582) | (6,488) | (8,398) | (7,190) | (5,746) | ||||||
Real estate properties held for sale | 0 | (38,928) | |||||||||||
Total Assets | (822,987) | (804,841) | (765,007) | (728,717) | (778,835) | (800,739) | (747,913) | ||||||
Liabilities: | |||||||||||||
Mortgages payable | (727,742) | (709,850) | (671,490) | (633,871) | (668,615) | (687,909) | (647,134) | ||||||
Junior subordinated notes, net of deferred costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Credit facility, net of deferred costs | 0 | 0 | |||||||||||
Accounts payable and accrued liabilities | (10,119) | (7,681) | (4,694) | (8,305) | (12,497) | (7,967) | (2,764) | ||||||
Total Liabilities | (737,861) | (717,531) | (676,184) | (642,176) | (681,112) | (695,876) | (649,898) | ||||||
Commitments and contingencies | |||||||||||||
Preferred shares, $.01 and $1 par value: | |||||||||||||
Authorized 2,000 shares, none issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Common stock, $.01 par value, 300,000 shares authorized, | |||||||||||||
Common stock, value, issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Additional paid-in capital | 6,392 | 6,392 | 6,392 | 6,392 | 3,038 | 0 | 0 | ||||||
Accumulated other comprehensive income | 61 | (154) | (1,080) | (1,679) | (2,605) | (2,388) | (2,118) | ||||||
Accumulated deficit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Total BRT Apartments Corp. stockholders' equity | 6,453 | 6,238 | 5,312 | 4,713 | 433 | (2,388) | (2,118) | ||||||
Non-controlling interests | (91,579) | (93,548) | (94,135) | (91,254) | (98,156) | (102,475) | (95,897) | ||||||
Total Equity | (85,126) | (87,310) | (88,823) | (86,541) | (97,723) | (104,863) | (98,015) | $ (73,806) | |||||
Total Liabilities and Equity | $ (822,987) | $ (804,841) | $ (765,007) | $ (728,717) | $ (778,835) | $ (800,739) | $ (747,913) | ||||||
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