secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN REALTY INVESTORS INC (ARL)
CIK:        0001102238
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001102238-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1102238/000110223824000006/0001102238-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1102238/000110223824000006/arl-20240321.htm
  HTML page:      https://secwatch.observer/filing/0001102238-24-000006

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