---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-031851"
form_type: "8-K"
ticker: "ARL"
cik: "0001102238"
company_name: "AMERICAN REALTY INVESTORS INC"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:23:52.111258+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# American Realty Investors posts Q1 net loss of $0.6M vs profit of $3.0M YoY

## Summary
- Net loss attributable to common shares of $0.6M ($0.03 loss per share) vs net income of $3.0M ($0.18 per share) in Q1 2025.
- Revenue increased to $12.3M from $12.0M, driven by higher commercial occupancy at Stanford Center offsetting multifamily declines.
- Overall occupancy 81%; multifamily 93%, commercial 58%. Development properties: Alera 47%, Bandera Ridge 44%, Merano 42%.
- Sold 21 lots at Windmill Farms for $1.0M, generating a $0.8M gain. Net operating loss widened to $2.2M from $0.8M YoY.
- Decrease in net income reflects lower gains on sale and interest income, partially offset by lower tax provision.

## SEC filing metadata
- accession: 0001628280-26-031851
- form_type: 8-K
- ticker: ARL
- cik: 0001102238
- company_name: AMERICAN REALTY INVESTORS INC
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1102238/000162828026031851/0001628280-26-031851-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1102238/000162828026031851/arl-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-031851
- JSON: https://secwatch.observer/filing/0001628280-26-031851.json
- Plain text: https://secwatch.observer/filing/0001628280-26-031851.txt

## Source-grounded claims
- claim_id: 25c4c63045c0ed6f235521bc4a6edf075abbbff8
  claim: AMERICAN REALTY INVESTORS INC reported the three months ended March 31, 2026 results: revenue $12.3 million, net income net loss attributable to common shares of $0.6 million or $0.03 per share, EPS $0.03 per share.
  evidence_excerpt: for $1.0 million, resulting in a gain on sale of $0.8 million. Financial Results Revenues increased $0.3 million from $12.0 million for the three months ended March 31, 2025 to $12.3 million for the three months ended March 31, 2026. The increase in revenue is primarily due to an increase of $0.7 million from our commercial properties offset in part by a decrease of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1102238/000162828026031851/0001628280-26-031851-index.htm

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