{"schema_version":"secwatch.filing_event.v1","accession":"0001102238-23-000014","form_type":"8-K","ticker":"ARL","cik":"0001102238","company_name":"AMERICAN REALTY INVESTORS INC","filed_at":"2023-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.947989+00:00","generated_at":"2026-06-15T02:09:15.381393+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"American Realty Investors Q1 net income drops to $3.0M from $11.3M YoY","bullets":["Net income attributable to common shares was $3.0M ($0.18 diluted EPS) vs $11.3M ($0.70) in Q1 2022.","Rental revenues increased to $11.0M from $7.5M, driven by multifamily acquisitions offset by commercial declines.","Total occupancy 80% (multifamily 92%, commercial 59%) as of March 31, 2023.","Paid off $67.4M Series C bonds in Jan and $43.1M Series A/B bonds in May 2023; subsidiary exited Tel-Aviv Stock Exchange.","Entered agreement to develop a 240-unit multifamily property in Lake Wales, FL for ~$55.3M, funded partly by $33.0M construction loan."],"urls":{"canonical":"https://secwatch.observer/filing/0001102238-23-000014","json":"https://secwatch.observer/filing/0001102238-23-000014.json","markdown":"https://secwatch.observer/filing/0001102238-23-000014.md","text":"https://secwatch.observer/filing/0001102238-23-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1102238/000110223823000014/0001102238-23-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1102238/000110223823000014/arl-20230511.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T02:09:15.381393+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ad474af4273ae36e176f4ddaf855b9804ac5591","claim":"AMERICAN REALTY INVESTORS INC reported the three months ended March 31, 2023 results: revenue $11.0 million, net income $3.0 million, EPS $0.18 per diluted share.","evidence_excerpt":"Capital Ltd. withdrew from the Tel-Aviv Stock Exchange . Financial Results Rental revenues increased $3.5 million from $7.5 million for the three months ended March 31, 2022 to $11.0 million for the three months ended March 31, 2023 . The increase in rental revenue is primarily due to $4.1 million increase at our multifamily properties offset in part by a decrease of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1102238/000110223823000014/0001102238-23-000014-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$11.0 million"},{"label":"Net income","value":"$3.0 million"},{"label":"EPS","value":"$0.18 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}