{"filings":[{"id":2100116,"accession_number":"0001628280-26-054130","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2026-08-06T17:44:17+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Investors Q2 net loss of $1.0M vs prior-year net income of $2.8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common shares of $1.0M ($0.06 per share) vs net income of $2.8M ($0.18 per share) in Q2 2025.","Revenue increased to $12.9M from $12.2M, driven by multifamily lease-up and higher commercial occupancy.","Total occupancy 81% (multifamily 93%, commercial 58%); Development Properties occupancy 77-86%.","Sold 21 lots at Windmill Farms for $1.0M, generating a $0.8M gain on sale.","Net operating loss widened to $2.5M from $1.0M, primarily due to $1.6M increase in lease-up property expenses."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":25207000.0,"consensus_period":"2026-Q2","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":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},{"id":257079,"accession_number":"0001214659-23-016504","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2023-12-15T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"American Realty Investors reelects all six directors, ratifies auditor at annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All six director nominees elected; support ranged from 91.46% (Ted R. Munselle) to 93.18% (William J. Hogan).","Henry A. Butler reelected Chairman of the Board; Ted R. Munselle appointed Presiding Director.","Auditor Farmer, Fuqua & Huff, P.C. ratified with 15,060,857 FOR, 74,818 AGAINST, 4,622 abstain.","Quorum of 15,140,928 shares (93.74% of outstanding) present at meeting."],"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":0.15,"calibrated_materiality_score":0.15,"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":257078,"accession_number":"0001102238-23-000024","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2023-11-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Investors Q3 net income $3.0M vs $302.3M YoY; rental revenue up to $11.8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to common shares of $3.0M ($0.18/diluted) vs $302.3M ($18.72) in Q3 2022, due to absence of VAA portfolio gain.","Rental revenue increased 57% YoY to $11.8M, driven by multifamily acquisition; net operating loss improved to $2.1M from $3.2M.","Total portfolio occupancy 79% at Sep 30, 2023 (multifamily 96%, commercial 49%).","Obtained $25.4M construction loan to build 216-unit multifamily property in McKinney, TX on Nov 6, 2023.","Paid off $1.2M loan on Athens property in August 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":0.38,"consensus_revenue_estimate":null,"consensus_revenue_actual":36453000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","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":257077,"accession_number":"0001214659-23-013411","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2023-10-13T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Raymond Roberts Sr. resigns; Fernando Celis appointed to ARL board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Raymond D. Roberts, Sr. resigned as director and from all board committees on October 10, 2023, citing health issues.","Roberts, age 91, had served as a director since June 2016; no disagreement with the company.","Board appointed Fernando Victor Lara Celis, age 57, effective October 11, 2023, to fill the vacancy.","Celis is General Manager and President of FYA Project LLC (Schlotzsky's franchisee) and manages real estate projects in Mexico.","Celis also elected as director of Transcontinental Realty Investors (TCI) and Income Opportunity Realty Investors (IOR) on the same day."],"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":274400,"accession_number":"0001102238-23-000020","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2023-08-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ARL Q2 net income falls to $0.1M ($0.01 EPS) vs $16.3M ($1.01); rental rev up","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to common shares $0.1M ($0.01 diluted EPS) vs $16.3M ($1.01) in Q2 2022.","Rental revenues rose to $11.4M from $7.3M YoY, primarily from multifamily acquisitions.","Net operating loss widened to $3.9M from $3.0M due to higher legal costs.","Paid off $67.5M Series C bonds in Jan and $42.9M Series A/B bonds in May; exit from TASE.","Portfolio occupancy 81% (multifamily 93%, commercial 59%)."],"consensus_eps_estimate":null,"consensus_eps_actual":0.19,"consensus_revenue_estimate":null,"consensus_revenue_actual":23927000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","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":291666,"accession_number":"0001102238-23-000014","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2023-05-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Investors Q1 net income drops to $3.0M from $11.3M YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to common shares was $3.0M ($0.18 diluted EPS) vs $11.3M ($0.70) in Q1 2022.","Rental revenues increased to $11.0M from $7.5M, driven by multifamily acquisitions offset by commercial declines.","Total occupancy 80% (multifamily 92%, commercial 59%) as of March 31, 2023.","Paid off $67.4M Series C bonds in Jan and $43.1M Series A/B bonds in May 2023; subsidiary exited Tel-Aviv Stock Exchange.","Entered agreement to develop a 240-unit multifamily property in Lake Wales, FL for ~$55.3M, funded partly by $33.0M construction loan."],"consensus_eps_estimate":null,"consensus_eps_actual":0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":11688000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"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":291665,"accession_number":"0001214659-23-005584","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2023-04-19T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"CEO Bradley J. Muth resigns effective April 14, 2023; no replacement named.","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Bradley J. Muth (age 63) resigned as President and CEO and all subsidiary positions.","Resignation not due to any disagreement with the Company, management, or board.","No successor has been announced; CFO Erik L. Johnson signed the filing."],"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":0.65,"calibrated_materiality_score":0.65,"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":312438,"accession_number":"0001102238-23-000009","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2023-03-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Q4 net income $43.4M vs year-ago loss; VAA portfolio acquisition drives results","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $43.4M ($2.69 diluted EPS) vs net loss $6.8M (-$0.42) in Q4 2021.","Received $204M distribution from VAA Sale Portfolio; gained control of seven multifamily properties valued at $219.5M.","Gain on remeasurement of VAA Holdback Portfolio was $73.2M.","Paid off $38.5M loan on Stanford Center (Oct 2022) and $66.5M Series C bonds (Jan 2023)."],"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":0.85,"calibrated_materiality_score":0.85,"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":330973,"accession_number":"0001010549-22-000268","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2022-12-28T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"American Realty Investors holds annual meeting; all directors re-elected, auditor ratified","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All six director nominees elected with over 95% of votes cast for their election.","Ratification of Farmer, Fuqua & Huff, P.C. as independent auditor passed with 15,281,940 votes for, 101,042 against.","Henry A. Butler re-elected as Chairman of the Board at subsequent board meeting on December 8, 2022."],"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":0.15,"calibrated_materiality_score":0.15,"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":330972,"accession_number":"0001102238-22-000028","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2022-11-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ARL Q3 net income jumps to $302.3M on $1.8B VAA property sale, distribution of $182.8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to ARL: $302.3M ($18.72 diluted EPS) vs $19.4M ($1.20) in Q3 2021.","VAA joint venture sold 45 properties for $1.8B, generating $738.7M gain; ARL received initial $182.8M distribution.","Rental revenues decreased to $7.6M from $9.6M YoY; net operating loss narrowed to $3.2M from $5.2M.","Stabilized occupancy 94% (multifamily 96%, commercial 68%); rent collection 99% in Q3.","Sold Sugar Mill Phase III for $11.8M, gain $1.9M; proceeds used to pay off $9.6M mortgage."],"consensus_eps_estimate":null,"consensus_eps_actual":20.43,"consensus_revenue_estimate":null,"consensus_revenue_actual":24235000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"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":348520,"accession_number":"0001102238-22-000020","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2022-08-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Investors swings to Q2 net income of $16.3M from $27.3M loss","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to company of $16.3M ($1.01 diluted EPS) vs net loss of $27.3M (-$1.69) in Q2 2021.","Rental revenues fell 28% to $7.3M from $10.2M, driven by property sales (600 Las Colinas, Toulon).","Net operating loss improved to $3.0M from $8.8M, aided by lower legal costs and property sale gains.","Total occupancy 90% (93% multifamily, 69% commercial); rent collection 97% overall.","Net income boost benefited from $18.9M gain on foreign currency transactions due to USD/ILS rate changes."],"consensus_eps_estimate":null,"consensus_eps_actual":1.71,"consensus_revenue_estimate":null,"consensus_revenue_actual":15916000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"positive","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":365247,"accession_number":"0001102238-22-000015","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2022-05-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ARL Q1 net income $11.3M ($0.70) down from $18.1M ($1.12) YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $11.3M ($0.70 diluted) vs $18.1M ($1.12) in Q1 2021.","Rental revenues $7.5M, down $2.9M from $10.4M, due to sale of 600 Las Colinas.","Sold Toulon multifamily for $26.8M, gain $9.4M; proceeds paid $14.7M mortgage.","Overall occupancy 90% (94% multifamily, 70% commercial); rent collection 98%.","$38.8M loan on Stanford Center extended to Feb 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":0.7,"consensus_revenue_estimate":null,"consensus_revenue_actual":7787000.0,"consensus_period":"2021-Q3","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":384829,"accession_number":"0001102238-22-000008","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2022-03-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Q4 2021 net loss $6.8M vs year-ago net income; rental revenue fell $9.8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss per diluted share $0.42, compared to net income $0.03 in Q4 2020.","Rental revenue decreased $9.8M to $7.6M, partly due to a $5.9M lease termination payment in 2020.","Overall occupancy 91% (multifamily 95%, commercial 70%); rent collection 97% in Q4.","Sold Toulon multifamily property (240 units) for $26.8M on Jan 14, 2022; proceeds used to pay mortgage.","Extended $39M Stanford Center loan to Feb 26, 2023, on March 3, 2022."],"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":0.8,"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":402721,"accession_number":"0001010549-21-000274","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2021-12-17T23:59:59+00:00","items":["5.02","5.07"],"status":"ready","headline":"American Realty Investors appoints Bradley J. Muth as President and CEO effective Dec 16, 2021","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Bradley J. Muth appointed President and CEO, effective December 16, 2021.","Muth, age 61, previously Senior Managing Director at ValueRock Realty Partners and Madison Marquette.","He is a CPA with over 30 years in real estate investment and operations.","At Dec 15 annual meeting, all six director nominees elected; auditor ratification approved."],"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":0.7,"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":402720,"accession_number":"0001102238-21-000024","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2021-11-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Investors reports Q3 2021 net loss of $19.4M ($1.20/share) on revenue decline","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common shares of $19.4M ($1.20 diluted EPS) vs $8.0M ($0.50) in Q3 2020, loss widened.","Rental revenues fell to $9.6M from $11.5M YoY, driven by sale of 600 Las Colinas and lower commercial occupancy.","Sold 600 Las Colinas office building for $74.8M, netting $38.8M in cash after loan repayment; gain of $27.3M.","Refinanced Villas at Bon Secour with $20M loan at 3.08% (92 bps reduction), generating $8.9M additional proceeds.","Overall occupancy 93% (97% multifamily, 70% commercial); rent collection at 94% for the quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":0.63,"consensus_revenue_estimate":null,"consensus_revenue_actual":33425000.0,"consensus_period":"2021-Q3","consensus_source":"xbrl_only","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":402719,"accession_number":"0001010549-21-000235","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K/A","filed_at":"2021-11-10T23:59:59+00:00","items":["2.02"],"status":"ready","headline":"American Realty corrects Q3 2021 press release: net income, not net loss","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Original Exhibit 99.1 had a typo in the first line, incorrectly stating 'net loss'; the correct term is 'net income'.","All financial tables in the original release were accurate and reported net income.","The correction is limited to the opening text of the press release; no other changes to financial data.","Earnings results for the three months ended September 30, 2021 remain as originally filed."],"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":421620,"accession_number":"0001102238-21-000019","cik":1102238,"company_name":"AMERICAN REALTY INVESTORS INC","ticker":"ARL","form_type":"8-K","filed_at":"2021-08-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Realty Investors Q2 net loss $27.3M; arbitration adds $29.6M obligation","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common shares $27.3M ($1.69 diluted) vs $2.3M ($0.14) year-over-year.","Rental revenues fell to $10.2M from $11.6M; net operating loss of $8.8M vs income of $1.5M.","Appeals court vacated $59M Clapper judgement; Clapper takes nothing.","Arbitration ruling requires $39.6M payment to Macquarie for earn-out, a $29.6M increase over reserve."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.57,"consensus_revenue_estimate":null,"consensus_revenue_actual":22931000.0,"consensus_period":"2021-Q2","consensus_source":"xbrl_only","sentiment":"negative","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}],"next_cursor":null}