Investor Presentaiton

Focus on Growth Markets Strategically Diversified in Sun Belt Markets BRT APARTMENTS RA A STATE PROPERTIES² UNITS² % of NOI CONTRIBUTION³ Texas 10 Georgia 95 3,025 21% 5 KEY PORTFOLIO FIGURES Average Monthly Rental Rate 3,5 $1,088 Average Property Age (Years) 2,3 20 Average Cost per Unit4 $129.4k 1,545 15% South Carolina 5 1,391 11% Florida 4 1,248 12% Geographically Diverse Portfolio Alabama 4 940 10% Mississippi 2 776 7% Tennessee 2 702 6% North Carolina 2 576 5% Missouri 3 355 5% Ohio 1 264 3% Virginia 1 220 5% Other¹ 2% TOTAL 39 Source: Company Filings, SNL 11,042 100% [1] Primarily reflects amounts from properties related to a commercial leasehold position in Yonkers, NY [2] As of December 31, 2020 [3] For the quarter ending December 31, 2020. See appendix for an explanation of the manner in which net operating income, or NOI, is calculated. PAGE 12 [4] Average cost includes total capitalization for renovations [5] Reflects stabilized properties

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