earnings
confidence high
sentiment negative
materiality 0.75
American Realty Investors Q2 net loss $27.3M; arbitration adds $29.6M obligation
AMERICAN REALTY INVESTORS INC
2021-Q2 EPS reported
-$0.57
revenue$22,931,000
- 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.