ARL on NYSE
AMERICAN REALTY INVESTORS INC
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-12.9%Operating margin3
31.4%Net margin3
5.7%Revenue growth, 20253
2.5%Return on equity3
0.35×Debt to equity3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Residential brought in 70% of the revenue AMERICAN REALTY INVESTORS INC broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Residential | $35.0M | $34.1M | $34.1M |
| Commercial Segments | $14.9M | $13.0M | $14.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs63¢$31.6M
- Income tax5¢$2.7M
- Profit31¢$15.7M
Out of $50.0M in revenue.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental revenues (including $579, $652 and $882 for 2025, 2024 and 2023, respectively, from related parties) | $46.4M | $44.8M | $47.0M |
| Other income | $3.6M | $2.6M | $3.5M |
| Total revenue | $50.0M | $47.3M | $50.5M |
| Property operating expenses (including $353, $346 and $366 for 2025, 2024 and 2023, respectively, from related parties) | $27.9M | $27.1M | $27.9M |
| Depreciation and amortization | $12.6M | $12.3M | $13.6M |
| General and administrative (including $4,262, $3,871 and $4,006 for 2025, 2024 and 2023, respectively, from related parties) | $6.5M | $6.4M | $10.0M |
| Advisory fee to related party | $9.5M | $8.2M | $10.2M |
| Total operating expenses | $56.4M | $54.0M | $61.7M |
| Net operating loss | -$6.4M | -$6.6M | -$11.2M |
| Interest income (including $7,478, $8,985 and $13,259 for 2025, 2024 and 2023, respectively, from related parties) | $14.6M | $20.0M | $26.8M |
| Interest expense | -$6.8M | -$7.8M | -$9.5M |
| Gain on foreign currency transactions | $0 | $0 | $993.0K |
| Loss on early extinguishment of debt | -$284.0K | $0 | -$1.7M |
| Equity in income from unconsolidated joint ventures | $119.0K | $1.4M | $3.2M |
| Gain (loss) on real estate transactions | $20.0M | -$24.0M | -$1.9M |
| Income tax provision | -$2.7M | $3.6M | -$1.5M |
| Net income (loss) | $18.5M | -$13.4M | $5.3M |
| Net income attributable to noncontrolling interest | -$2.8M | -$1.3M | -$1.3M |
| Net income (loss) applicable to the Company | $15.7M | -$14.7M | $4.0M |
| Basic (in dollars per share) | $0.97 | -$0.91 | $0.25 |
| Diluted (in dollars per share) | $0.97 | -$0.91 | $0.25 |
| Basic (in shares) | 16.2M shares | 16.2M shares | 16.2M shares |
| Diluted (in shares) | 16.2M shares | 16.2M shares | 16.2M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Real estate | $602.4M | $557.4M | |
| Cash and cash equivalents | $14.2M | $19.9M | $36.7M |
| Restricted cash | $15.2M | $20.6M | $42.3M |
| Short-term investments | $75.0M | $79.8M | |
| Investment in unconsolidated joint ventures | $1.3M | $10.2M | |
| Receivable from related parties | $103.6M | $97.5M | |
| Other assets (including $1,475 and $1,855 at December 31, 2025 and 2024, respectively, from related parties) | $143.2M | $109.0M | |
| Total assets | $1.1B | $1.0B | |
| Mortgages and other notes payable | $214.4M | $185.4M | |
| Accrued interest | $3.8M | $3.2M | |
| Deferred revenue | $9.8M | $9.8M | |
| Total liabilities | $277.6M | $230.5M | |
| Preferred stock, Series A, $2.00 par value, 15,000,000 shares authorized, 900,614 shares issued and outstanding | $1.8M | $1.8M | |
| Common stock, $0.01 par value, 100,000,000 shares authorized; 16,152,043 shares issued and outstanding | $162.0K | $162.0K | |
| Additional paid-in capital | $61.0M | $61.2M | |
| Retained earnings | $554.4M | $538.7M | |
| Total shareholders equity | $617.4M | $601.8M | |
| Noncontrolling interest | $202.3M | $200.4M | |
| Total equity | $819.7M | $802.3M | $816.5M |
| Total liabilities and equity | $1.1B | $1.0B | |
| Notes receivable | $142.4M | $138.3M | |
| Accounts payable and other liabilities | $49.6M | $32.1M | |
| Preferred stock par value (in dollars per share) | $2.00 | $2.00 | |
| Preferred stock, authorized (in shares) | 15.0M shares | 15.0M shares | |
| Preferred stock, issued (in shares) | 900.6K shares | 900.6K shares | |
| Preferred stock, outstanding (in shares) | 900.6K shares | 900.6K shares | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, authorized (in shares) | 100.0M shares | 100.0M shares | |
| Common stock, issued (in shares) | 16.2M shares | 16.2M shares | |
| Common stock, outstanding (in shares) | 16.2M shares | 16.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $18.5M | -$13.4M | $5.3M |
| (Gain) loss on real estate transactions | -$20.0M | $24.0M | $1.9M |
| Gain on foreign currency transactions | $0 | $0 | -$993.0K |
| Loss on early debt extinguishment | $284.0K | $0 | $1.7M |
| Depreciation and amortization | $12.6M | $12.5M | $14.6M |
| Provision for doubtful accounts | $104.0K | $166.0K | $1.6M |
| Equity in income from unconsolidated joint ventures | -$119.0K | -$1.4M | -$3.2M |
| Distribution of income from unconsolidated joint ventures | $0 | $1.3M | $0 |
| Other assets | -$10.1M | -$6.9M | -$10.3M |
| Related party receivables | -$6.0M | -$1.0M | -$11.1M |
| Accrued interest payable | $573.0K | $605.0K | -$1.7M |
| Accounts payable and other liabilities | -$1.5M | -$14.7M | -$28.8M |
| Net cash (used in) provided by operating activities | -$5.6M | $1.1M | -$31.1M |
| Collection of notes receivable | $8.6M | $5.8M | $2.0M |
| Originations and advances on notes receivable | $0 | $0 | -$6.5M |
| Purchase of short-term investments | -$84.6M | -$59.1M | -$91.0M |
| Redemption of short-terms investments | $89.4M | $69.7M | $120.3M |
| Development and renovation of real estate | -$79.5M | -$57.9M | -$18.5M |
| Deferred leasing costs | -$519.0K | -$1.2M | -$1.1M |
| Proceeds from sale of assets | $34.8M | $1.3M | $188.0K |
| Contribution to unconsolidated joint venture | -$1.3M | $0 | $0 |
| Distributions from unconsolidated joint ventures | $0 | $0 | $21.4M |
| Net cash (used in) provided by investing activities | -$33.1M | -$41.3M | $26.8M |
| Proceeds from mortgages and other notes payable | $63.8M | $15.1M | $0 |
| Payments on mortgages, other notes and bonds payable | -$35.2M | -$12.5M | -$137.7M |
| Purchase IOR shares | -$1.1M | -$802.0K | -$908.0K |
| Debt extinguishment costs | $0 | $0 | -$435.0K |
| Deferred financing costs | $0 | -$199.0K | -$20.0K |
| Net cash provided by (used in) financing activities | $27.5M | $1.7M | -$139.0M |
| Net decrease in cash and cash equivalents | -$11.1M | -$38.6M | -$143.3M |
Recent filings
- Oct 14, 2026DEF 14A DEFINITIVE PROXY STATEMENT
- Aug 19, 202610-K/A 10-K
- Aug 6, 202610-Q
- Aug 6, 20268-K
- May 7, 202610-Q
- May 7, 20268-K
- Mar 12, 202610-K
- Mar 12, 20268-K
- Jan 21, 2026SCHEDULE 13D/A
- Jan 21, 20264/A PRIMARY DOCUMENT
- Jan 20, 2026SCHEDULE 13D/A
- Jan 14, 20264 PRIMARY DOCUMENT
- Dec 29, 20258-K/A
- Dec 12, 20258-K
- Nov 7, 2025DEF 14A DEFINITIVE PROXY STATEMENT
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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