---
schema_version: "secwatch.filing_event.v1"
accession: "0001102238-21-000019"
form_type: "8-K"
ticker: "ARL"
cik: "0001102238"
company_name: "AMERICAN REALTY INVESTORS INC"
filed_at: "2021-08-11T23:59:59+00:00"
generated_at: "2026-06-29T14:38:01.322322+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# American Realty Investors Q2 net loss $27.3M; arbitration adds $29.6M obligation

## Summary
- 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.

## SEC filing metadata
- accession: 0001102238-21-000019
- form_type: 8-K
- ticker: ARL
- cik: 0001102238
- company_name: AMERICAN REALTY INVESTORS INC
- filed_at: 2021-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1102238/000110223821000019/0001102238-21-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1102238/000110223821000019/arl-20210811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001102238-21-000019
- JSON: https://secwatch.observer/filing/0001102238-21-000019.json
- Plain text: https://secwatch.observer/filing/0001102238-21-000019.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.