secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN REALTY INVESTORS INC (ARL)
CIK:        0001102238
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001102238-23-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1102238/000110223823000024/0001102238-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1102238/000110223823000024/arl-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001102238-23-000024

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