---
schema_version: "secwatch.filing_event.v1"
accession: "0001102238-24-000006"
form_type: "8-K"
ticker: "ARL"
cik: "0001102238"
company_name: "AMERICAN REALTY INVESTORS INC"
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T09:32:25.327276+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001102238-24-000006
- form_type: 8-K
- ticker: ARL
- cik: 0001102238
- company_name: AMERICAN REALTY INVESTORS INC
- filed_at: 2024-03-21T23:59:59+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/1102238/000110223824000006/0001102238-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1102238/000110223824000006/arl-20240321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001102238-24-000006
- JSON: https://secwatch.observer/filing/0001102238-24-000006.json
- Plain text: https://secwatch.observer/filing/0001102238-24-000006.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1102238/000110223824000006/0001102238-24-000006-index.htm

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