Liquidity PositionBRT is in a strong liquidity position with approximately ~$86 million, including $45.8 million of cash and cash equivalents, and maintained its revolving credit facility of up to $40.0 million, with $0 outstanding.
Market ValuationBRT stock is currently trading at a 34% discount to FTM NAV, presenting a public market valuation that is seen as overdone and misaligned with private market conditions.
Stock RepurchaseManagement has been repurchasing stock, which is considered the best usage of FCF as shares are trading at a 41% discount to NAV.