American Realty reports Q4 2023 net loss of $2.1M vs net income of $43.4M in Q4 2022

AMERICAN REALTY INVESTORS INC

Net loss per diluted share $0.13 compared to net income of $2.69 in prior-year quarter.
Rental revenues increased $1.0M to $12.8M; net operating income swung to loss of $2.2M from $1.4M income.
Entered $25.4M construction loan for Merano multifamily (216 units) in McKinney, TX, expected completion 2025.
Entered $23.5M construction loan for Bandera Ridge multifamily (216 units) in Temple, TX, expected completion 2025.
Extended Windmill Farms loan maturity to Feb 2026 at 7.50% interest rate.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN REALTY INVESTORS INC reported the quarter ended December 31, 2023 results: revenue $12.8 million, net income net loss attributable to common shares of $2.1 million, EPS $0.13 per diluted share.

Period: the quarter ended December 31, 2023
Revenue: $12.8 million
Net income: net loss attributable to common shares of $2.1 million
EPS: $0.13 per diluted share
Result: reported results

Exact text from the filing

to February 28, 2026 at an interest rate of 7.50%. Financial Results Rental revenues increased $1.0 million from $11.8 million for the three months ended December 31, 2022 to $12.8 million for the three months ended December 31, 2023 . The increase in rental revenue is primarily due to $0.9 million increase at our multifamily properties and an increase of $0.1

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Source: SEC EDGAR

accession 0001102238-24-000006

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