---
schema_version: "secwatch.filing_event.v1"
accession: "0001102238-23-000024"
form_type: "8-K"
ticker: "ARL"
cik: "0001102238"
company_name: "AMERICAN REALTY INVESTORS INC"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:04:35.471862+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# American Realty Investors Q3 net income $3.0M vs $302.3M YoY; rental revenue up to $11.8M

## Summary
- Net income attributable to common shares of $3.0M ($0.18/diluted) vs $302.3M ($18.72) in Q3 2022, due to absence of VAA portfolio gain.
- Rental revenue increased 57% YoY to $11.8M, driven by multifamily acquisition; net operating loss improved to $2.1M from $3.2M.
- Total portfolio occupancy 79% at Sep 30, 2023 (multifamily 96%, commercial 49%).
- Obtained $25.4M construction loan to build 216-unit multifamily property in McKinney, TX on Nov 6, 2023.
- Paid off $1.2M loan on Athens property in August 2023.

## SEC filing metadata
- accession: 0001102238-23-000024
- form_type: 8-K
- ticker: ARL
- cik: 0001102238
- company_name: AMERICAN REALTY INVESTORS INC
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1102238/000110223823000024/0001102238-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1102238/000110223823000024/arl-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001102238-23-000024
- JSON: https://secwatch.observer/filing/0001102238-23-000024.json
- Plain text: https://secwatch.observer/filing/0001102238-23-000024.txt

## Key facts
- Earnings Releases
  AMERICAN REALTY INVESTORS INC reported the three months ended September 30, 2023 results: revenue $11.8 million, net income $3.0 million, EPS $0.18 per diluted share.
  - Period: the three months ended September 30, 2023
  - Revenue: $11.8 million
  - Net income: $3.0 million
  - EPS: $0.18 per diluted share
  - Result: reported results
  source text: a 216 unit multifamily property in McKinney, Texas. Financial Results Rental revenues increased $4.3 million from $7.6 million for the three months ended September 30, 2022 to $11.8 million for the three months ended September 30, 2023 . The increase in rental revenue is primarily due to $5.0 million increase at our multifamily properties offset in part by a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1102238/000110223823000024/0001102238-23-000024-index.htm

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