• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    American Realty Investors, Inc. Reports Earnings for Quarter Ended June 30, 2024

    8/8/24 4:30:00 PM ET
    $ARL
    $TCI
    Other Consumer Services
    Real Estate
    Real Estate Investment Trusts
    Real Estate
    Get the next $ARL alert in real time by email

    American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the three months ended June 30, 2024. For the three months ended June 30, 2024, we reported net income attributable to common shares of $1.2 million or $0.07 per diluted share, compared to net income attributable to common shares of $0.1 million or $0.01 per diluted share for the same period in 2023.

    Financial Highlights

    • Total occupancy was 78% at June 30, 2024, which includes 93% at our multifamily properties and 49% at our commercial properties.
    • On July 10, 2024, we replaced the existing loan on Forest Grove with a $6.6 million loan that bears interest at SOFR plus 1.85% and matures on July 10, 2031.

    Financial Results

    Rental revenues decreased $0.2 million from $11.4 million for the three months ended June 30, 2023 to $11.2 million for the three months ended June 30, 2024. The decrease in rental revenue is primarily due to an increase of $0.3 million from our multifamily properties offset in part by a decrease of $0.5 million from the commercial properties. The increase in revenue from the multifamily properties is primarily due to the lease-up of Landing on Bayou Cane.

    Net operating loss decreased $2.6 million from $3.9 million for the three months ended June 30, 2023 to $1.3 million for the three months ended June 30, 2024. The decrease in net operating loss is primarily due to a decrease in general and administrative expenses associated with our bonds payable, which were repaid in 2023.

    Net income attributable to common shares increased $1.0 million from $0.1 million for the three months ended June 30, 2023 to $1.2 million for the three months ended June 30, 2024. The increase in net income is primarily attributed to a decrease in general administrative expenses and loss on extinguishment in debt offset in part by a decrease in interest income.

    About American Realty Investors, Inc.

    American Realty Investors, Inc., a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate. The Company also holds mortgage receivables. The Company's primary asset and source of its operating results is its investment in Transcontinental Realty Investors, Inc. (NYSE:TCI). For more information, visit the Company's website at www.americanrealtyinvest.com.

    AMERICAN REALTY INVESTORS, INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Dollars in thousands, except per share amounts)
    (Unaudited)
     
     
    Three Months Ended

    June 30,
    Six Months Ended

    June 30,

    2024

    2023

    2024

    2023

     
    Revenues:
    Rental revenues

    $

    11,188

    $

    11,389

    $

    22,467

    $

    22,398

    Other income

     

    585

     

    850

     

    1,205

     

    1,529

    Total revenue

     

    11,773

     

    12,239

     

    23,672

     

    23,927

    Expenses:
    Property operating expenses

     

    6,624

     

    7,031

     

    13,258

     

    13,137

    Depreciation and amortization

     

    3,137

     

    3,200

     

    6,309

     

    6,302

    General and administrative

     

    1,552

     

    3,684

     

    2,960

     

    6,845

    Advisory fee to related party

     

    1,737

     

    2,183

     

    3,939

     

    4,588

    Total operating expenses

     

    13,050

     

    16,098

     

    26,466

     

    30,872

    Net operating loss

     

    (1,277)

     

    (3,859)

     

    (2,794)

     

    (6,945)

    Interest income

     

    4,794

     

    7,898

     

    10,527

     

    16,193

    Interest expense

     

    (1,913)

     

    (2,480)

     

    (3,835)

     

    (5,620)

    Gain on foreign currency transactions

     

    -

     

    22

     

    -

     

    993

    Loss on early extinguishment of debt

     

    -

     

    (1,710)

     

    -

     

    (1,710)

    Equity in income from unconsolidated joint ventures

     

    501

     

    293

     

    984

     

    2,712

    Gain on sale or write-down of assets, net

     

    -

     

    188

     

    -

     

    188

    Income tax provision

     

    (614)

     

    (49)

     

    (1,089)

     

    (1,289)

    Net income

     

    1,491

     

    303

     

    3,793

     

    4,522

    Net income attributable to noncontrolling interest

     

    (324)

     

    (178)

     

    (875)

     

    (1,419)

    Net income attributable to the common shares

    $

    1,167

    $

    125

    $

    2,918

    $

    3,103

    Earnings per share
    Basic and diluted

    $

    0.07

    $

    0.01

    $

    0.18

    $

    0.19

    Weighted average common shares used in computing earnings per share
    Basic and diluted

     

    16,152,043

     

    16,152,043

     

    16,152,043

     

    16,152,043

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240808888034/en/

    Get the next $ARL alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $ARL
    $TCI

    CompanyDatePrice TargetRatingAnalyst
    More analyst ratings

    $ARL
    $TCI
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Transcontinental Realty Investors Inc bought $390,204 worth of shares (21,678 units at $18.00), increasing direct ownership by 0.64% to 3,403,248 units (SEC Form 4)

      4 - TRANSCONTINENTAL REALTY INVESTORS INC (0000733590) (Reporting)

      2/4/25 12:41:10 PM ET
      $TCI
      Real Estate Investment Trusts
      Real Estate
    • SEC Form 4: Phillips Bradford A. disposed of 10,600 shares

      4 - AMERICAN REALTY INVESTORS INC (0001102238) (Issuer)

      8/16/23 2:55:46 PM ET
      $ARL
      Other Consumer Services
      Real Estate
    • SEC Form 4 filed by Phillips Bradford A.

      4 - AMERICAN REALTY INVESTORS INC (0001102238) (Issuer)

      6/13/23 4:04:35 PM ET
      $ARL
      Other Consumer Services
      Real Estate

    $ARL
    $TCI
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Independent Research initiated coverage on Aareal Bank AG (ARL.F) with a new price target

      Independent Research initiated coverage of Aareal Bank AG (ARL.F) with a rating of Sell and set a new price target of $20.00

      1/24/21 2:54:23 PM ET
      $ARL
      Other Consumer Services
      Real Estate

    $ARL
    $TCI
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13D/A filed by American Realty Investors Inc. (Amendment)

      SC 13D/A - AMERICAN REALTY INVESTORS INC (0001102238) (Subject)

      8/18/23 11:03:39 AM ET
      $ARL
      Other Consumer Services
      Real Estate
    • SEC Form SC 13D filed by Transcontinental Realty Investors Inc.

      SC 13D - TRANSCONTINENTAL REALTY INVESTORS INC (0000733590) (Subject)

      8/1/22 4:36:22 PM ET
      $TCI
      Real Estate Investment Trusts
      Real Estate
    • SEC Form SC 13D filed by American Realty Investors Inc.

      SC 13D - AMERICAN REALTY INVESTORS INC (0001102238) (Subject)

      8/1/22 4:33:02 PM ET
      $ARL
      Other Consumer Services
      Real Estate

    $ARL
    $TCI
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Transcontinental Realty Investors Inc bought $390,204 worth of shares (21,678 units at $18.00), increasing direct ownership by 0.64% to 3,403,248 units (SEC Form 4)

      4 - TRANSCONTINENTAL REALTY INVESTORS INC (0000733590) (Reporting)

      2/4/25 12:41:10 PM ET
      $TCI
      Real Estate Investment Trusts
      Real Estate

    $ARL
    $TCI
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Transcontinental Realty Investors, Inc. Reports Earnings for Quarter Ended March 31, 2025

      Transcontinental Realty Investors, Inc. (NYSE:TCI) is reporting its results of operations for the three months ended March 31, 2025. For the three months ended March 31, 2025, we reported net income attributable to common shares of $4.6 million or $0.53 per diluted share, compared to $2.5 million or $0.30 per diluted share for the same period in 2024. Financial Highlights Total occupancy was 80% at March 31, 2025, which includes 94% at our multifamily properties and 53% at our commercial properties. On December 13, 2024, we sold 30 single family lots from our holdings in Windmill Farms for $1.4 million, resulting in a gain on sale of $1.1 million. Financial Results Rental revenues

      5/8/25 5:30:00 PM ET
      $TCI
      Real Estate Investment Trusts
      Real Estate
    • American Realty Investors, Inc. Reports Earnings for Quarter Ended March 31, 2025

      American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the three months ended March 31, 2025. For the three months ended March 31, 2025, we reported net income attributable to common shares of $3.0 million or $0.18 per diluted share, compared to $1.8 million or $0.11 per diluted share for the same period in 2024. Financial Highlights Total occupancy was 80% at March 31, 2025, which includes 94% at our multifamily properties and 53% at our commercial properties. On December 13, 2024, we sold 30 single family lots from our holdings in Windmill Farms for $1.4 million, resulting in a gain on sale of $1.1 million. Financial Results Rental revenues increased

      5/8/25 5:30:00 PM ET
      $ARL
      $TCI
      Other Consumer Services
      Real Estate
      Real Estate Investment Trusts
    • Transcontinental Realty Investors, Inc. Reports Earnings for Quarter Ended December 31, 2024

      Transcontinental Realty Investors, Inc. (NYSE:TCI) is reporting its results of operations for the three months ended December 31, 2024. For the three months ended December 31, 2024, we reported net income attributable to common shares of $0.1 million or $0.01 per diluted share, compared to a net loss of $2.6 million or $0.30 per diluted share for the same period in 2023. Financial Highlights Total occupancy was 81% at December 31, 2024, which includes 94% at our multifamily properties and 53% at our commercial properties. On October 18, 2024, we completed a 45,000 square foot lease at Stanford Center. This is the first new lease at the property following our major renovation of the pro

      3/20/25 5:30:00 PM ET
      $TCI
      Real Estate Investment Trusts
      Real Estate

    $ARL
    $TCI
    SEC Filings

    See more
    • American Realty Investors Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - AMERICAN REALTY INVESTORS INC (0001102238) (Filer)

      5/8/25 1:21:33 PM ET
      $ARL
      Other Consumer Services
      Real Estate
    • Transcontinental Realty Investors Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - TRANSCONTINENTAL REALTY INVESTORS INC (0000733590) (Filer)

      5/8/25 1:17:46 PM ET
      $TCI
      Real Estate Investment Trusts
      Real Estate
    • SEC Form 10-Q filed by Transcontinental Realty Investors Inc.

      10-Q - TRANSCONTINENTAL REALTY INVESTORS INC (0000733590) (Filer)

      5/8/25 1:13:22 PM ET
      $TCI
      Real Estate Investment Trusts
      Real Estate

    $ARL
    $TCI
    Leadership Updates

    Live Leadership Updates

    See more
    • Pillar Income Asset Management Announces Appointment of Erik Johnson as President and Chief Executive Officer

      Pillar Income Asset Management ("Pillar") is pleased to announce the appointment of Erik Johnson as President and Chief Executive Officer, effective immediately. In addition, Mr. Johnson was also appointed President and Chief Executive Officer of American Realty Investors, Inc. (NYSE:ARL), Transcontinental Realty Investors, Inc. (NYSE:TCI), and Income Opportunity Realty Investors, Inc. (NYSE:IOR), collectively referred to herein as the "Companies", which are each managed by Pillar. Mr. Johnson has served Pillar as Interim President since April 2023 and as Executive Vice and Chief Financial Officer since June 2020. He has also served as Executive Vice President and Chief Financial Officer

      5/29/24 10:42:00 AM ET
      $ARL
      $IOR
      $MAC
      $TCI
      Other Consumer Services
      Real Estate
      Real Estate Investment Trusts

    $ARL
    $TCI
    Financials

    Live finance-specific insights

    See more
    • Pillar Income Asset Management and Affiliates Announce New President and CEO

      Pillar Income Asset Management ("Pillar") is pleased to announce that Bradley J. Muth has joined the Company as President & Chief Executive Officer. In addition, Mr. Muth was also recently appointed as President & Chief Executive Officer of American Realty Investors, Inc., Transcontinental Realty Investors, Inc., and Income Opportunity Realty Investors, Inc. (collectively referred to herein as the "Companies"), which are each managed by Pillar. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220111005907/en/Bradley Muth, Pillar Income Asset Management's newly appointed President and CEO. (Photo: Business Wire) Mr. Muth will work w

      1/11/22 12:20:00 PM ET
      $ARL
      $IOR
      $TCI
      Other Consumer Services
      Real Estate
      Real Estate Investment Trusts