{"filings":[{"id":91318,"accession_number":"0001628280-26-031851","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2026-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Investors posts Q1 net loss of $0.6M vs profit of $3.0M YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common shares of $0.6M ($0.03 loss per share) vs net income of $3.0M ($0.18 per share) in Q1 2025.","Revenue increased to $12.3M from $12.0M, driven by higher commercial occupancy at Stanford Center offsetting multifamily declines.","Overall occupancy 81%; multifamily 93%, commercial 58%. Development properties: Alera 47%, Bandera Ridge 44%, Merano 42%.","Sold 21 lots at Windmill Farms for $1.0M, generating a $0.8M gain. Net operating loss widened to $2.2M from $0.8M YoY.","Decrease in net income reflects lower gains on sale and interest income, partially offset by lower tax provision."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.03,"consensus_revenue_estimate":null,"consensus_revenue_actual":12341000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101311,"accession_number":"0001102238-26-000006","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2026-03-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Q4 2025 net income $9.8M vs loss $0.2M YoY; revenue up to $13M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to common shares of $9.8M ($0.60 diluted EPS) vs net loss of $0.2M ($0.01 loss) in Q4 2024.","Revenue increased $1.0M to $13.0M, driven by higher commercial occupancy and other income.","Sold Villas at Bon Secour in October 2025 for $28.0M, realizing $12.2M gain on sale.","Stabilized occupancy 81%: multifamily 93%, commercial 59%; three properties in lease-up excluded.","Net operating loss widened to $3.0M from $1.8M due to higher lease-up costs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117673,"accession_number":"0001102238-25-000032","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K/A","filed_at":"2025-12-29T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"American Realty Investors holds annual meeting; all director nominees elected, auditor ratified","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All five director nominees elected with strong majority; 97.2% quorum achieved.","Ratification of Farmer, Fuqua & Huff as independent auditor approved: 15,617,234 for, 80,618 against.","Henry A. Butler re-elected Chairman; Ted R. Munselle re-appointed Presiding Director.","This 8-K/A corrects a typographical error in the original December 12, 2025 filing; no substantive change."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117675,"accession_number":"0001102238-25-000029","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2025-12-12T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"American Realty Investors elects directors, ratifies auditor at 2025 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All five director nominees elected: Butler, Hogan, Jakuszewski, Lara Celis, Munselle each received over 15.1M votes.","Quorum of 97.2% of outstanding shares (15.7M of 16.2M) present in person or by proxy.","Ratification of Farmer, Fuqua & Huff as auditor passed with 15.6M FOR, 80.6K AGAINST, 241 abstentions.","Henry A. Butler re-elected Chairman; Ted R. Munselle re-appointed Presiding Director."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117674,"accession_number":"0001102238-25-000025","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2025-11-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ARL swings to Q3 profit $0.01 EPS from $1.08 loss; revenue up 10%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $0.1M ($0.01 diluted EPS) vs net loss of $17.5M ($1.08 loss) in Q3 2024.","Revenue increased to $12.8M from $11.6M, driven by multifamily and commercial property revenue gains.","Overall occupancy 82% (94% multifamily, 58% commercial); lease-up started at three new properties.","Sold Villas at Bon Secour (200 units, Gulf Shores, AL) for $28M; used proceeds to pay off $18.8M loan.","Net operating loss improved to $1.6M from $2.1M as revenue growth outpaced expense increases."],"consensus_eps_estimate":null,"consensus_eps_actual":0.37,"consensus_revenue_estimate":null,"consensus_revenue_actual":37003000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134105,"accession_number":"0001102238-25-000019","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ARL Q2 2025 net income rises to $2.8M ($0.18/diluted) from $1.2M YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to common shares $2.8M ($0.18/diluted) vs $1.2M ($0.07/diluted) in Q2 2024.","Rental revenues increased to $11.5M from $11.2M; net operating loss improved to $1.0M from $1.3M.","Total occupancy 82% (multifamily 94%, commercial 57%) at June 30, 2025.","Sold 30 single-family lots at Windmill Farms for $1.4M, recognizing $1.1M gain on sale.","Paid off $10.8M loan on 770 South Post Oak with cash on hand on May 30, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":0.36,"consensus_revenue_estimate":null,"consensus_revenue_actual":24168000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150854,"accession_number":"0001102238-25-000014","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2025-05-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Q1 2025 net income rises 67% to $3.0M ($0.18 diluted EPS) YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to common shares of $3.0M or $0.18/diluted share vs $1.8M ($0.11) in Q1 2024.","Rental revenues increased modestly to $11.4M from $11.3M, driven by multifamily rent growth.","Net operating loss narrowed to $0.8M from $1.5M, helped by a $0.6M decline in insurance and property tax costs.","Total occupancy 80%: multifamily 94%, commercial 53% as of March 31, 2025.","Gain on real estate transactions (including Dec 2024 Windmill Farms lot sale) contributed to income increase."],"consensus_eps_estimate":null,"consensus_eps_actual":0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":12008000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169792,"accession_number":"0001102238-25-000007","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2025-03-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Investors Q4 2024 net loss narrows to $0.2M; settles $23.4M litigation","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common shares was $0.2M ($0.01 diluted EPS) vs. $2.1M ($0.13) in Q4 2023.","Rental revenues fell $1.6M to $11.2M; total occupancy 81% (multifamily 94%, commercial 53%).","Paid $23.4M to resolve Clapper litigation dating to 1999; accrued as loss on real estate transactions.","Obtained $27.5M construction loan for 234-unit Mountain Creek project; total cost ~$49.8M, completion 2026.","Leased 45,000 sq ft at Stanford Center, increasing occupancy 14% with 20% rent/sq ft increase over recent expired leases."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186850,"accession_number":"0001214659-24-020547","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2024-12-16T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"American Realty Investors elects all director nominees and ratifies auditor at annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All five director nominees elected with over 92% of votes: Butler, Hogan, Jakuszewski, Munselle, Lara Celis.","Ratification of Farmer, Fuqua & Huff as auditor: 15,263,383 for, 77,586 against, 330 abstain.","Quorum of 15,340,969 shares (94.98% of outstanding) present; Butler re-elected Chairman, Munselle Presiding Director."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186849,"accession_number":"0001102238-24-000028","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2024-11-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Investors posts Q3 net loss of $17.5M on $23.4M litigation settlement","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $17.5M ($1.08 diluted EPS) vs. net income of $3.0M ($0.18 diluted EPS) in Q3 2023.","Rental revenues fell to $11.1M, down $0.8M YoY; overall occupancy at 79%.","Accrued $23.4M loss from Clapper litigation settlement, driving net loss.","Obtained $27.5M construction loan for 234-unit Mountain Creek multifamily development (total cost ~$49.8M).","Signed 45k sq ft Stanford Center lease, increasing occupancy 14% and rent 20% over prior leases."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.9,"consensus_revenue_estimate":null,"consensus_revenue_actual":35279000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186848,"accession_number":"0001102238-24-000023","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2024-11-01T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"ARL settles litigation with $23.4M payment; resolves $148M judgment claims","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Paid $23.4 million to Clapper on Oct 31, 2024 to settle litigation over a 1998 multifamily property transaction.","Original $148M judgment against ARL in 2011 was later reversed; case had been remanded for new trial before settlement.","All parties will file a motion to dismiss with prejudice in the District Court by Nov 10, 2024.","Settlement ends a multi-year appeals process; final cash outlay of $23.4M completed as required."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203392,"accession_number":"0001102238-24-000019","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2024-08-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Investors Q2 net income rises to $1.2M from $0.1M YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to common shares of $1.2M ($0.07 diluted EPS) vs $0.1M ($0.01) in Q2 2023.","Rental revenues declined to $11.2M from $11.4M, driven by a $0.5M drop in commercial property revenue.","Total occupancy 78% (93% multifamily, 48% commercial) at June 30, 2024.","On July 10, 2024, replaced Forest Grove loan with $6.6M loan at SOFR+1.85%, maturing July 2031.","Net operating loss improved to $1.3M from $3.9M, partly due to lower G&A from bonds repaid in 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":23672000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203391,"accession_number":"0001214659-24-012109","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2024-07-09T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Director Bradford A. Phillips resigns from ARL board, no disagreement","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Resigned as director of American Realty Investors effective July 5, 2024, with no disagreement on company operations.","Served since March 2021; was not a member of any board committee.","Board retains majority independent directors; Audit, Compensation, and Governance Committees remain fully constituted.","Also resigned same date as director of Transcontinental Realty Investors (TCI)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219773,"accession_number":"0001214659-24-010129","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2024-05-29T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"American Realty Investors appoints Erik L. Johnson as President and CEO effective May 28, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Erik L. Johnson, 56, appointed President and CEO, succeeding Bradley J. Muth who resigned in April 2023.","Johnson had served as Interim Principal Executive Officer since April 2023.","He previously served as EVP and CFO of ARL and TCI since Aug 2020, and of IOR since Dec 2021.","Johnson is a CPA and began his career at PricewaterhouseCoopers; prior roles include Macerich and North American Scientific."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219772,"accession_number":"0001102238-24-000014","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2024-05-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Investors Q1 net income falls to $1.8M from $3.0M YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to common shares of $1.8M ($0.11 diluted EPS) vs $3.0M ($0.18) in Q1 2023.","Rental revenues up $0.3M to $11.3M; multifamily occupancy 94%, commercial 49%.","Net operating loss improved to $1.5M from $3.1M YoY, driven by lower bond-related G&A.","Extended Windmill Farms loan maturity to Feb 2026 at 7.50% interest rate."],"consensus_eps_estimate":null,"consensus_eps_actual":0.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":11899000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219771,"accession_number":"0001102238-24-000010","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2024-05-07T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"American Realty restructures advisory fees into Net Asset Value Fee plus reimbursements","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["New fee structure: Gross Asset Fee of 0.0625% per month (0.75% annual) of average Gross Asset Value.","Net Income Fee of 7.5% per annum of Adjusted Net Income, paid quarterly after SEC filings.","Agreement effective Jan 1, 2024, restates original 2011 agreement; no change in duties or responsibilities.","Pillar continues as advisor; fees consolidated into single Net Asset Value Fee plus specified allocated reimbursements.","Reimbursement includes pro-rata share of Advisor's personnel expenses and travel costs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":239552,"accession_number":"0001102238-24-000006","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2024-03-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty reports Q4 2023 net loss of $2.1M vs net income of $43.4M in Q4 2022","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss per diluted share $0.13 compared to net income of $2.69 in prior-year quarter.","Rental revenues increased $1.0M to $12.8M; net operating income swung to loss of $2.2M from $1.4M income.","Entered $25.4M construction loan for Merano multifamily (216 units) in McKinney, TX, expected completion 2025.","Entered $23.5M construction loan for Bandera Ridge multifamily (216 units) in Temple, TX, expected completion 2025.","Extended Windmill Farms loan maturity to Feb 2026 at 7.50% interest rate."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":246964739.20958087,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}