American Realty Investors swings to Q2 loss on higher operating expenses
American Realty Investors swings to Q2 loss on higher operating expenses
Overview
U.S. real estate investor's Q2 revenue rose yr/yr, but company posted net loss
Revenue growth driven by higher occupancy at multifamily and commercial properties
Net loss reflects higher operating expenses and lower interest income
Outlook
Company did not provide specific guidance or outlook for future periods
Result Drivers
MULTIFAMILY OCCUPANCY - Co said revenue growth was mainly due to higher occupancy at multifamily properties from lease-up of development properties
COMMERCIAL OCCUPANCY - Co said revenue growth was also supported by increased occupancy at Stanford Center
OPERATING EXPENSES - Co attributed higher net operating loss to increased operating expenses from lease-up properties
INTEREST INCOME - Co said net loss was partly due to a decrease in interest income
Company press release: ID:nBw4FKNK3a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Rental Revenues |
| $12.24 mln |
|
Q2 Net Loss |
| $1 mln |
|
Q2 Net Operating Loss |
| $2.55 mln |
|
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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