secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN REALTY INVESTORS INC (ARL)
CIK:        0001102238
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001102238-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Realty Investors Q2 net income rises to $1.2M from $0.1M YoY
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- Net income attributable to common shares of $1.2M ($0.07 diluted EPS) vs $0.1M ($0.01) in Q2 2023.
- Rental revenues declined to $11.2M from $11.4M, driven by a $0.5M drop in commercial property revenue.
- Total occupancy 78% (93% multifamily, 48% commercial) at June 30, 2024.
- On July 10, 2024, replaced Forest Grove loan with $6.6M loan at SOFR+1.85%, maturing July 2031.
- Net operating loss improved to $1.3M from $3.9M, partly due to lower G&A from bonds repaid in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1102238/000110223824000019/0001102238-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1102238/000110223824000019/arl-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001102238-24-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer