American Realty Investors Q1 net income falls to $1.8M from $3.0M YoY

AMERICAN REALTY INVESTORS INC

2024-Q1 EPS reported $0.11 revenue$11,899,000

Net income attributable to common shares of $1.8M ($0.11 diluted EPS) vs $3.0M ($0.18) in Q1 2023.
Rental revenues up $0.3M to $11.3M; multifamily occupancy 94%, commercial 49%.
Net operating loss improved to $1.5M from $3.1M YoY, driven by lower bond-related G&A.
Extended Windmill Farms loan maturity to Feb 2026 at 7.50% interest rate.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN REALTY INVESTORS INC reported three months ended March 31, 2024 results: revenue $11.3 million, net income $1.8 million, EPS $0.11 per diluted share.

Period: three months ended March 31, 2024
Revenue: $11.3 million
Net income: $1.8 million
EPS: $0.11 per diluted share
Result: reported results

Exact text from the filing

Farms to February 28, 2026 at an interest rate of 7.50%. Financial Results Rental revenues increased $0.3 million from $11.0 million for the three months ended March 31, 2023 to $11.3 million for the three months ended March 31, 2024 . The increase in rental revenue is primarily due to $0.7 million increase at our multifamily properties offset in part by a decrease of

View on SEC.gov

1053 earnings releases filed in the last 30 days. Browse all earnings releases →

AMERICAN REALTY INVESTORS INC filing history →

Source: SEC EDGAR

accession 0001102238-24-000014

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.