Every 10-Q that American Realty Investors, Inc. (ARL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ARL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ARL filings page.
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 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 (ARL) reported improved results for Q3 2025. Total revenue was $12.8 million, up from $11.6 million a year ago. Net income was $0.3 million, reversing a prior-year loss, with earnings attributable to common shares of $0.1 million ($0.01 per share). Segment NOI rose to $5.3 million from $4.6 million, driven by higher commercial occupancy.
For the nine months, revenue reached $37.0 million and net income was $7.1 million ($0.37 per share attributable to common), aided by $5.6 million of gains on real estate versus a $23.4 million loss last year tied to a settled matter. Real estate assets increased to $612.1 million, and mortgages and other notes payable were $227.0 million. Operating cash flow used $2.4 million, reflecting higher development activity, while financing provided $40.5 million.
Development advanced across four multifamily projects totaling 906 units with $151.9 million incurred; initial units at Alera, Bandera Ridge, and Merano entered lease-up. Subsequent to quarter-end, ARL sold Villas at Bon Secour for $28.0 million and repaid the $18.8 million property loan.
American Realty Investors, Inc. (ARL) – Q2 2025 10-Q highlights
- Total revenue rose 3.3% YoY to $12.2 million; six-month revenue up 2.1% to $24.2 million.
- Net income attributable to common shares climbed to $2.8 million (Q2-24: $1.2 million); YTD net income doubled to $5.8 million. EPS improved to $0.18 for the quarter and $0.36 YTD (vs $0.07 & $0.18).
- Segment NOI: Multifamily $4.0 million (-5%), Commercial $1.7 million (+71%) as Stanford Center occupancy improved and expenses eased.
- Balance sheet assets reached $1.09 billion (+5% since 12-24). Debt increased 16% to $215.9 million after $43.0 million of SOFR-based construction draws; leverage remains modest relative to $808.1 million equity.
- Liquidity: Cash, restricted cash and short-term investments fell $26.8 million to $92.3 million, reflecting $53.4 million of development spend and the $10.8 million payoff of 770 South Post Oak.
- Operating cash flow turned to a $10.3 million outflow (H1-24 inflow $3.4 million).
- Gain on real-estate transactions of $4.8 million YTD driven by Windmill Farms lot sales and a $3.1 million condemnation settlement.
- Interest income dropped 30% on lower investment balances; interest expense decreased slightly.
- Development pipeline: four multifamily projects (906 units) 70% funded ($144.7 million incurred of $206.8 million budget); Mountain Creek loan ($27.5 million) undrawn.
- All loan covenants met; no new risk factors disclosed.
Outlook: Management intends to fund remaining construction and liquidity needs through additional borrowings, refinancing and select asset sales.