---
schema_version: "secwatch.filing_event.v1"
accession: "0001102238-23-000020"
form_type: "8-K"
ticker: "ARL"
cik: "0001102238"
company_name: "AMERICAN REALTY INVESTORS INC"
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T16:27:16.016658+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ARL Q2 net income falls to $0.1M ($0.01 EPS) vs $16.3M ($1.01); rental rev up

## Summary
- Net income attributable to common shares $0.1M ($0.01 diluted EPS) vs $16.3M ($1.01) in Q2 2022.
- Rental revenues rose to $11.4M from $7.3M YoY, primarily from multifamily acquisitions.
- Net operating loss widened to $3.9M from $3.0M due to higher legal costs.
- Paid off $67.5M Series C bonds in Jan and $42.9M Series A/B bonds in May; exit from TASE.
- Portfolio occupancy 81% (multifamily 93%, commercial 59%).

## SEC filing metadata
- accession: 0001102238-23-000020
- form_type: 8-K
- ticker: ARL
- cik: 0001102238
- company_name: AMERICAN REALTY INVESTORS INC
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1102238/000110223823000020/0001102238-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1102238/000110223823000020/arl-20230810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001102238-23-000020
- JSON: https://secwatch.observer/filing/0001102238-23-000020.json
- Plain text: https://secwatch.observer/filing/0001102238-23-000020.txt

## Key facts
- Earnings Releases
  AMERICAN REALTY INVESTORS INC reported the quarter ended June 30, 2023 results: revenue $11.4 million, net income $0.1 million, EPS $0.01 per diluted share.
  - Period: the quarter ended June 30, 2023
  - Revenue: $11.4 million
  - Net income: $0.1 million
  - EPS: $0.01 per diluted share
  - Result: reported results
  source text: Ltd. withdrew from the Tel Aviv Stock Exchange (“TASE”). Financial Results Rental revenues increased $4.1 million from $7.3 million for the three months ended June 30, 2022 to $11.4 million for the three months ended June 30, 2023 . The increase in rental revenue is primarily due to $4.7 million increase at our multifamily properties offset in part by a decrease of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1102238/000110223823000020/0001102238-23-000020-index.htm

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