---
schema_version: "secwatch.filing_event.v1"
accession: "0001102238-22-000028"
form_type: "8-K"
ticker: "ARL"
cik: "0001102238"
company_name: "AMERICAN REALTY INVESTORS INC"
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:13:14.486613+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ARL Q3 net income jumps to $302.3M on $1.8B VAA property sale, distribution of $182.8M

## Summary
- 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.

## SEC filing metadata
- accession: 0001102238-22-000028
- form_type: 8-K
- ticker: ARL
- cik: 0001102238
- company_name: AMERICAN REALTY INVESTORS INC
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1102238/000110223822000028/0001102238-22-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1102238/000110223822000028/arl-20221110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001102238-22-000028
- JSON: https://secwatch.observer/filing/0001102238-22-000028.json
- Plain text: https://secwatch.observer/filing/0001102238-22-000028.txt

## Key facts
- Earnings Releases
  AMERICAN REALTY INVESTORS INC reported the three months ended September 30, 2022 results: net income $302.3 million, EPS $18.72 per diluted share.
  - Period: the three months ended September 30, 2022
  - Net income: $302.3 million
  - EPS: $18.72 per diluted share
  - Result: reported results
  source text: For the three months ended September 30, 2022, we reported net income attributable to the Company of $302.3 million or $18.72 per diluted share, compared to net income of $19.4 million or $1.20 per diluted share for the same period in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1102238/000110223822000028/0001102238-22-000028-index.htm

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