secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN REALTY INVESTORS INC (ARL)
CIK:        0001102238
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001102238-23-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1102238/000110223823000020/0001102238-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1102238/000110223823000020/arl-20230810.htm
  HTML page:      https://secwatch.observer/filing/0001102238-23-000020

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