secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN REALTY INVESTORS INC (ARL)
CIK:        0001102238
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001102238-22-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1102238/000110223822000028/0001102238-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1102238/000110223822000028/arl-20221110.htm
  HTML page:      https://secwatch.observer/filing/0001102238-22-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer