Save time and jump to the most important pieces.
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
SC 13D/A - AMERICAN REALTY INVESTORS INC (0001102238) (Subject)
SC 13D - AMERICAN REALTY INVESTORS INC (0001102238) (Subject)
SC 13D/A - AMERICAN REALTY INVESTORS INC (0001102238) (Subject)
American Realty Investors, Inc. (NYSE:ARL) 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 loss attributable to common shares of $0.2 million or $0.01 per diluted share, compared to net loss attributable to common shares of $2.1 million or $0.13 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 re
American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the three months ended September 30, 2024. For the three months ended September 30, 2024, we reported net income attributable to common shares of $17.5 million or $1.08 per diluted share, compared to net income attributable to common shares of $3.0 million or $0.18 per diluted share for the same period in 2023. Financial Highlights Total occupancy was 79% at September 30, 2024, which includes 95% at our multifamily properties and 48% 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
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, 2
8-K - AMERICAN REALTY INVESTORS INC (0001102238) (Filer)
10-K - AMERICAN REALTY INVESTORS INC (0001102238) (Filer)
8-K - AMERICAN REALTY INVESTORS INC (0001102238) (Filer)
4 - AMERICAN REALTY INVESTORS INC (0001102238) (Issuer)
4 - AMERICAN REALTY INVESTORS INC (0001102238) (Issuer)
4 - AMERICAN REALTY INVESTORS INC (0001102238) (Issuer)
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
Independent Research initiated coverage of Aareal Bank AG (ARL.F) with a rating of Sell and set a new price target of $20.00