earnings
confidence high
sentiment negative
materiality 0.80
American Realty Q4 2021 net loss $6.8M vs year-ago net income; rental revenue fell $9.8M
AMERICAN REALTY INVESTORS INC
- 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.