---
schema_version: "secwatch.filing_event.v1"
accession: "0001102238-23-000009"
form_type: "8-K"
ticker: "ARL"
cik: "0001102238"
company_name: "AMERICAN REALTY INVESTORS INC"
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T16:11:59.740822+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# American Realty Q4 net income $43.4M vs year-ago loss; VAA portfolio acquisition drives results

## Summary
- Net income $43.4M ($2.69 diluted EPS) vs net loss $6.8M (-$0.42) in Q4 2021.
- Received $204M distribution from VAA Sale Portfolio; gained control of seven multifamily properties valued at $219.5M.
- Gain on remeasurement of VAA Holdback Portfolio was $73.2M.
- Paid off $38.5M loan on Stanford Center (Oct 2022) and $66.5M Series C bonds (Jan 2023).

## SEC filing metadata
- accession: 0001102238-23-000009
- form_type: 8-K
- ticker: ARL
- cik: 0001102238
- company_name: AMERICAN REALTY INVESTORS INC
- filed_at: 2023-03-24T23:59:59+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/1102238/000110223823000009/0001102238-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1102238/000110223823000009/arl-20230324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001102238-23-000009
- JSON: https://secwatch.observer/filing/0001102238-23-000009.json
- Plain text: https://secwatch.observer/filing/0001102238-23-000009.txt

## Key facts
- Earnings Releases
  AMERICAN REALTY INVESTORS INC reported the quarter ended December 31, 2022 results: revenue $11.8 million, net income $43.4 million, EPS $2.69 per diluted share.
  - Period: the quarter ended December 31, 2022
  - Revenue: $11.8 million
  - Net income: $43.4 million
  - EPS: $2.69 per diluted share
  - Result: reported results
  source text: cash received from sale of the VAA Sale Portfolio . Financial Results Rental revenues increased $4.1 million from $7.6 million for the three months ended December 31, 2021 to $11.8 million for the three months ended December 31, 2022 . The increase in rental revenue is primarily due to $4.9 million increase at our multifamily properties offset in part by a decrease
  evidence_url: https://www.sec.gov/Archives/edgar/data/1102238/000110223823000009/0001102238-23-000009-index.htm

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