earnings
confidence high
sentiment negative
materiality 0.60
ARL Q1 net income $11.3M ($0.70) down from $18.1M ($1.12) YoY
AMERICAN REALTY INVESTORS INC
2021-Q3 EPS reported
$0.70
revenue$7,787,000
- 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.