Is BRT Apartments Corp. overvalued or undervalued?

As of 9 August 2024, BRT Apartments Corp. has moved from a very attractive to a risky valuation grade. The company appears to be overvalued given its current financial metrics, particularly with a Price to Book Value of 1.52 and an EV to EBITDA ratio of 7.43, which are not compelling in comparison to its peers. Additionally, the company has a negative ROE of -4.56%, indicating inefficiency in generating returns for shareholders.
In comparison to its peers, Gladstone Commercial Corp. has a P/E ratio of 20.11 and an EV to EBITDA of 6.05, while Whitestone REIT shows a P/E of 39.17 and an EV to EBITDA of 14.28, both suggesting that BRT Apartments Corp. is lagging behind in terms of valuation metrics. Furthermore, the stock has underperformed against the S&P 500 over various periods, notably with a year-to-date return of -8.21% compared to the S&P 500's 12.22%, reinforcing the notion that the stock is currently overvalued.