---
schema_version: "secwatch.filing_event.v1"
accession: "0001102238-24-000014"
form_type: "8-K"
ticker: "ARL"
cik: "0001102238"
company_name: "AMERICAN REALTY INVESTORS INC"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T04:49:47.649431+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001102238-24-000014
- form_type: 8-K
- ticker: ARL
- cik: 0001102238
- company_name: AMERICAN REALTY INVESTORS INC
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1102238/000110223824000014/0001102238-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1102238/000110223824000014/arl-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001102238-24-000014
- JSON: https://secwatch.observer/filing/0001102238-24-000014.json
- Plain text: https://secwatch.observer/filing/0001102238-24-000014.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1102238/000110223824000014/0001102238-24-000014-index.htm

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