Welcome to our dedicated page for AMERICAN REALTY INVESTORS SEC filings (Ticker: ARL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on AMERICAN REALTY INVESTORS's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into AMERICAN REALTY INVESTORS's regulatory disclosures and financial reporting.
American Realty Investors, Inc. (ARL) filed an amended annual report for 2025 primarily to replace incorrect CEO/CFO Section 302 and 906 certification exhibits; the underlying financial and operating results remain unchanged.
ARL reported 2025 net income of $18.5 million, a sharp improvement from a $13.4 million loss in 2024, driven largely by $20.0 million of gains on real estate transactions, including the $28.0 million sale of Villas at Bon Secour and additional Windmill Farms land sales, plus lower interest expense. Rental revenues were $46.4 million (multifamily and office), with consolidated real estate investments totaling $602.4 million and total assets of $1.10 billion as of December 31, 2025.
The multifamily portfolio comprised 2,128 stabilized units at generally high occupancies and 672 units in lease-up, alongside 1,001,549 square feet of office space where several assets operated at 55%–65% occupancy. ARL invested $69.0 million in four development projects, funded largely by $63.8 million of construction borrowings, and ended the year with $214.4 million of mortgages and notes payable and $29.4 million of cash (including restricted). Operating activities used $5.6 million of cash, reflecting working capital swings and heavy development activity. ARL also disclosed a favorable appellate ruling in long-running litigation related to a 2008 property sale, with the appeals court directing entry of judgment on a prior jury verdict in its favor.
American Realty Investors, Inc. reported a net loss attributable to common shares of $1.0 million, or $(0.06) per share, for the quarter ended June 30, 2026, compared with net income of $2.8 million, or $0.18 per share, for the same period in 2025. Total revenue increased to $12.9 million from $12.2 million, mainly from higher rental income at multifamily and commercial properties as lease-up continued at newer developments.
Net operating loss increased $1.5 million, primarily due to a $1.6 million rise in operating expenses at lease-up properties. The move from profit to loss also reflects a $1.6 million decrease in interest income, net, partially offset by a $1.3 million reduction in income tax provision. Overall occupancy was 81% at June 30, 2026, including 93% at multifamily and 58% at commercial properties. During the quarter, the company sold 21 residential lots at Windmill Farms for $1.0 million, generating a gain on sale of $0.8 million.
American Realty Investors, Inc. reported Q2 2026 total revenue of 12,866 (dollars in thousands), up slightly from 12,160 a year earlier, but segment net operating income declined to 4,690 from 5,625 as multifamily NOI fell during lease-up of recently completed properties and amid softer Same Property occupancy.
The company recorded a net loss attributable to common shares of 1,010 for the quarter versus net income of 2,827 in Q2 2025, and a six‑month net loss of 1,561 compared with 5,792 of income a year earlier; basic and diluted EPS were (0.06) and (0.10) for the quarter and first half, respectively. Higher depreciation and interest expense, lower gains on asset sales and reduced interest income drove the earnings decline, although Funds From Operations remained positive at 2,687 for Q2 2026 and 5,979 year‑to‑date. As of June 30, 2026, total assets were 1,090,137, equity was 813,654, and mortgages and other notes payable were 218,028 (all dollars in thousands).
American Realty Investors, Inc. reported a net loss attributable to common shares of $0.6 million, or $0.03 per share, for Q1 2026, compared with net income of $3.0 million, or $0.18 per share, a year earlier. Revenue edged up to $12.3 million from $12.0 million, mainly from higher commercial property revenue as occupancy improved at Stanford Center.
Total occupancy was 81% at March 31, 2026, including 93% at multifamily properties and 58% at commercial properties. Lease-up at Development Properties remained low, with occupancy of 47% at Alera, 44% at Bandera Ridge and 42% at Merano. Net operating loss widened to $2.2 million from $0.8 million, driven by a $1.4 million increase in operating expenses at lease-up properties.
American Realty Investors, Inc. reported Q1 2026 results with total revenue of $12.3 million, slightly above $12.0 million a year earlier, but swinging to a net loss of $0.5 million versus prior net income of $4.0 million. Basic and diluted EPS were a loss of $0.03 compared with earnings of $0.18.
Multifamily net operating income fell to $3.0 million from $4.7 million, reflecting lease-up of new developments and the prior sale of Villas at Bon Secour, while commercial NOI rose to $2.0 million from $1.3 million on higher occupancy at key properties. Funds From Operations declined to $3.3 million from $5.2 million as gains on sales and interest income decreased and depreciation increased.
At March 31, 2026, the company held $1.09 billion in total assets, including $601.7 million of real estate, mortgages and other notes payable of $215.4 million, and total equity of $815.3 million. ARL continued lot sales at Windmill Farms and progressed development of the 234‑unit Mountain Creek multifamily project, supported by an unutilized $27.5 million construction loan facility.
American Realty Investors, Inc. reported a strong turnaround for the quarter ended December 31, 2025. Net income attributable to common shares was $9.8 million, or $0.60 per diluted share, compared with a net loss of $0.2 million, or $(0.01), a year earlier. Revenue rose to $13.0 million from $12.0 million, helped by higher commercial property income and other income, partly offset by lower multifamily revenue after a property sale.
Overall stabilized occupancy was 81% at December 31, 2025, including 93% at multifamily properties and 59% at commercial properties. The company sold the 200‑unit Villas at Bon Secour property for $28.0 million, generating a $12.2 million gain and using proceeds to repay an $18.8 million loan and for general corporate purposes. Higher lease-up costs increased the quarterly net operating loss to $3.0 million, up from $1.8 million.
For the full year 2025, total revenue was $50.0 million versus $47.3 million in 2024, and net income attributable to common shares improved to $15.7 million, or $0.97 per share, from a net loss of $14.7 million, or $(0.91), reflecting sizable gains on real estate transactions.
American Realty Investors, Inc. (ARL) reports a return to profitability in 2025, with net income of $18.5M versus a $13.4M loss in 2024. Revenue was $50.0M, mainly from multifamily and office rentals.
Results were boosted by $20.0M of gains on real estate transactions, including the $28.0M sale of Villas at Bon Secour and additional land sales at Windmill Farms. The company continued an active development program, spending $69.0M on four multifamily projects totaling 906 units, three of which were substantially completed in 2025.
At year-end, ARL owned 13 operating multifamily properties with 2,128 units, three lease-up projects with 672 units, one 234‑unit property under construction, four office buildings with about 1.0M rentable square feet, and roughly 1,792 acres of land. The balance sheet showed real estate of $602.4M, mortgages and notes payable of $214.4M, notes receivable of $142.4M, and total equity of $819.7M. Adjusted FFO was $13.5M, down from $22.9M in 2024, reflecting lower interest income and higher advisory and G&A costs.
American Realty Investors, Inc. filed an amendment describing the results of its December 10, 2025 Annual Meeting of Stockholders and correcting a typographical error in a report filed December 12, 20205. On the November 3, 2025 record date, 16,152,043 common shares were outstanding, and proxies representing at least 15,698,093 shares, or 97.2% of those shares, were present, establishing a quorum.
Stockholders elected all five director nominees: Henry A. Butler, William J. Hogan, Robert A. Jakuszewski, Fernando V. Lara Celis, and Ted R. Munselle, each receiving over 15.1 million votes “for” and approximately 176,000–198,000 votes “withheld,” with 393,910 broker non-votes on each director proposal. Stockholders also ratified the appointment of Farmer, Fuqua & Huff, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025, with 15,617,234 votes for, 80,618 against, and 241 abstentions. At the Board meeting on December 11, 2025, Henry A. Butler was re-elected Chairman and Ted R. Munselle was re-appointed Presiding Director.
American Realty Investors, Inc. held its Annual Meeting of Stockholders on December 10, 2025. There were 16,152,043 common shares outstanding as of the record date, and proxies representing at least 15,698,093 shares, or about 97.2% of shares outstanding, were present, establishing a strong quorum.
Stockholders elected all five director nominees – Henry A. Butler, William J. Hogan, Robert A. Jakuszewski, Fernando V. Lara Celis and Ted R. Munselle – each receiving over 15.1 million votes in favor and no votes reported against, with modest abstentions and broker non-votes.
Investors also approved the ratification of Farmer, Fuqua & Huff, P.C. as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, with 15,617,234 votes for, 80,618 against, and 241 abstentions. At the Board meeting on December 11, 2025, Henry A. Butler was re-elected Chairman, and Ted R. Munselle was re-appointed Presiding Director, signaling continuity in the company’s leadership and governance structure.
American Realty Investors, Inc. (ARL) announced its Annual Meeting of Stockholders for December 10, 2025 at 10:00 a.m. in Dallas, Texas. Stockholders will vote on two items: electing a Board of five directors to serve until the next annual meeting and ratifying Farmer, Fuqua & Huff, P.C. as the independent registered public accounting firm.
Stockholders of record as of November 3, 2025 may vote; on that date, 16,152,043 shares of common stock were outstanding, each entitled to one vote. A related party held 14,669,820 shares (90.82%) as of the record date and has advised it currently intends to vote in favor of both proposals. Directors are elected by a plurality of votes cast; the auditor ratification requires a majority of shares represented in person or by proxy and entitled to vote.
The Board affirms committee independence under NYSE standards, with Ted R. Munselle serving as Audit Committee chair and financial expert. Audit fees were $122,625 in 2024 (vs. $118,125 in 2023). The Company has no employees; day‑to‑day operations are performed by advisor Pillar under an advisory agreement. The Board recommends a vote FOR both proposals.