Business
American Realty Investors, Inc. Reports Earnings for Quarter Ended March 31, 2025
DALLAS, May 08, 2025--American Realty Investors, Inc. (NYSE: ARL) is reporting its results of operations for the three months ended March 31, 2025. For the three months ended March 31, 2025, we reported net income attributable to common shares of $3.0 million or $0.18 per diluted share, compared to $1.8 million or $0.11 per diluted share for the same period in 2024.
About this update from American Realty Investors, Inc.
[{"type":"text","content":"DALLAS, May 08, 2025--(BUSINESS WIRE)--American Realty Investors, Inc. (NYSE: ARL) is reporting its results of operations for the three months ended March 31, 2025. For the three months ended March 31, 2025, we reported net income attributable to common shares of $3.0 million or $0.18 per diluted share, compared to $1.8 million or $0.11 per diluted share for the same period in 2024.","length":385,"tagName":"p"},{"type":"text","content":"Financial Highlights","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total occupancy was 80% at March 31, 2025, which includes 94% at our multifamily properties and 53% at our commercial properties.","length":129,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"On December 13, 2024, we sold 30 single family lots from our holdings in Windmill Farms for $1.4 million, resulting in a gain on sale of $1.1 million.","length":150,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":279,"olType":false},{"type":"text","content":"Financial Results","length":17,"tagName":"p"},{"type":"text","content":"Rental revenues increased $0.1 million from $11.3 million for the three months ended March 31, 2024 to $11.4 million for the three months ended March 31, 2025. The increase in rental revenue is primarily due to an increase in rents at our multifamily properties.","length":262,"tagName":"p"},{"type":"text","content":"Net operating loss decreased $0.7 million from $1.5 million for the three months ended March 31, 2024 to $0.8 million for the three months ended March 31, 2025. Our decrease in net operating loss was due to a $0.6 million decrease in operating expenses. The decrease in operating expenses is primarily due to a decrease in the cost of insurance and property taxes for the three months ended March 31, 2025.","length":406,"tagName":"p"},{"type":"text","content":"Net income attributable to common shares increased $1.2 million from $1.8 million for the three months ended March 31, 2024 to $3.0 million for the three months ended March 31, 2025. The increase in net income is primarily attributed to an increase in gain on real estate transactions offset in part by a decrease in interest income and an increase in tax provision for the three months ended March 31, 2025.","length":408,"tagName":"p"},{"type":"text","content":"About Americ...