American Realty Investors : reports Earnings for Quarter Ended March 31, 2026
ARL
Published on 05/07/2026 at 02:54 pm EDT
NEWS RELEASE
FOR IMMEDIATE RELEASE
Contact:
American Realty Investors, Inc. Investor Relations
Erik Johnson (469) 522-4200 [email protected]
DALLAS (May 7, 2026) -- American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the three months ended March 31, 2026. For the three months ended March 31, 2026, we reported net loss attributable to common shares of $0.6 million or $0.03 per share, compared to a net income attributable to common shares of $3.0 million or $0.18 per share for the same period in 2025.
Total occupancy was 81% at March 31, 2026, which includes 93% at our multifamily properties and 58% at our commercial properties.
Occupancy for our Alera, Bandera Ridge and Merano (collectively, our "Development Properties") at March 31, 2026 was 47%, 44% and 42%, respectively.
During the three months ended March 31, 2026, we sold 21 lots from our holdings in Windmill Farms for $1.0 million, resulting in a gain on sale of $0.8 million.
Revenues increased $0.3 million from $12.0 million for the three months ended March 31, 2025 to $12.3 million for the three months ended March 31, 2026. The increase in revenue is primarily due to an increase of $0.7 million from our commercial properties offset in part by a decrease of $0.3 million from our multifamily properties. The increase in revenue from our commercial properties is primarily due to an increase in occupancy at Stanford Center.
Net operating loss increased $1.4 million from $0.8 million for the three months ended March 31, 2025 to $2.2 million for the three months ended March 31, 2026. Our increase in net operating loss was primarily due to a $1.4 million increase in operating expenses from the lease-up properties for the three months ended March 31, 2026.
Net income attributable to common shares decreased $3.5 million from net income of $3.0 million for the three months ended March 31, 2025 to a net loss of $0.6 million for the three months ended March 31, 2026. The decrease in net income is primarily attributed to a decrease of $3.5 million from gain on sale or write down of assets, $1.3 million in interest income, net and $1.4 million in net operating loss offset in part by a $1.6 million decrease in tax provision. The decrease in gain on sale of real estate transactions is attributed to the condemnation of a parcel of land at Windmill Farms in 2025.
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 https://www.americanrealtyinvest.com.
March 31,
2026
2025
Revenues:
Rental revenues
$ 11,656
$ 11,427
Other income
685
581
Total revenue
12,341
12,008
Expenses:
Property operating expenses
7,333
5,977
Depreciation and amortization
3,630
2,883
General and administrative
1,486
1,492
Advisory fee to related party
2,083
2,469
Total operating expenses
14,532
12,821
Net operating loss
(2,191)
(813)
Interest income
3,824
4,010
Interest expense
(2,968)
(1,820)
Equity in income from unconsolidated joint ventures
-
(159)
Gain on real estate transactions
385
3,891
Income tax provision
434
(1,146)
Net (loss) income
(516)
3,963
Net income attributable to noncontrolling interest
(35)
(998)
Net (loss) income attributable to common shares
$ (551)
$ 2,965
Earnings per share
Basic and diluted
$ (0.03)
$ 0.18
Weighted average common shares used in computing earnings per share
Basic and diluted 16,152,043 16,152,043
Disclaimer
American Realty Investors Inc. published this content on May 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2026 at 18:53 UTC.