Picture of American Realty Investors logo

ARL — American Realty Investors News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsAdventurousSmall CapNeutral

Brief: American Realty Investors Q2 Net Income USD 2.8 Million

Overview

American Realty Q2 net income rises to $2.8 mln from $1.2 mln yr ago

Rental revenues increased to $11.5 mln

Co paid off $10.8 mln loan on 770 South Post Oak with cash on hand

The Company’s primary asset and source of its operating results is its investment in Transcontinental Realty Investors, Inc.

Result Drivers

OCCUPANCY INCREASE - Rental revenue growth driven by higher occupancy at Stanford Center

REAL ESTATE GAINS - Gain on sale of single-family lots contributed to net income increase

EXPENSE REDUCTION - Decrease in insurance and property tax costs helped reduce operating loss

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Rental Revenues$11.50 mln
Q2 Net Income$2.80 mln
Q2 Operating Income-$1 mln
Press Release: ID:nBwbSWz28a (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.)

Recent news on American Realty Investors

See all news