Investor Presentaiton

Decades of Demonstrated Success in Multi-Family Timeline of Business Operations BRT APARTMENTS 1983-2011 2011 - 2016 ☐ ☐ 2017-2020 2021 ☐ ☐ हद ☐☐ ■ Engaged in lending on commercial and mixed use properties ■ Significant involvement in multi-family apartments and other real estate assets ■ Commenced multi-family investing strategy ■ Fully exited lending and servicing business ■ Announced internalization of management ■ Acquired 45 properties with 13,734 units ■Sold 13 properties with 4,397 units ■ Announced quarterly dividend of $0.18 per share in 2017 ■Increased quarterly dividend to $0.20 per share in 2018 ■Increased quarterly dividend further to $0.22 per share in 2019 Acquired 18 properties with 5,112 units ■Sold 11 properties with 3,407 units ■ Announced 2 dispositions and anticipate being net sellers in 2021 given the compressed cap rate environment. ■Will take advantage of further dispositions where we believe we can capture embedded value ■Potential deleveraging opportunity with use of proceeds ■Continue monitoring the markets and looking for accretive acquisition opportunities where available PAGE 7 Source: Company Filings Note: Some numbers reflect development/lease-up units

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