AMERICAN REALTY INVESTORS, INC.


Associated tags: TCI, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Sale, ARL, NYSE, REIT, Commercial property, Renting, Cryptocurrency, Other Construction & Property, Las Colinas, Finance, Professional Services

Locations: UNITED STATES, NORTH AMERICA, TEXAS

Pillar Income Asset Management Announces Appointment of Erik Johnson as President and Chief Executive Officer

Retrieved on: 
Wednesday, May 29, 2024

Pillar Income Asset Management (“Pillar”) is pleased to announce the appointment of Erik Johnson as President and Chief Executive Officer, effective immediately.

Key Points: 
  • Pillar Income Asset Management (“Pillar”) is pleased to announce the appointment of Erik Johnson as President and Chief Executive Officer, effective immediately.
  • In addition, Mr. Johnson was also appointed President and Chief Executive Officer of American Realty Investors, Inc. (NYSE:ARL), Transcontinental Realty Investors, Inc. (NYSE: TCI), and Income Opportunity Realty Investors, Inc. (NYSE American: IOR), collectively referred to herein as the “Companies”, which are each managed by Pillar.
  • Mr. Johnson has served Pillar as Interim President since April 2023 and as Executive Vice and Chief Financial Officer since June 2020.
  • He has also served as Executive Vice President and Chief Financial Officer of American Realty Investors, Inc. and Transcontinental Realty Investors, Inc. since August 2020 and Income Opportunity Realty Investors, Inc. since December 2021.

American Realty Investors, Inc. reports Earnings for Quarter Ended March 31, 2024

Retrieved on: 
Thursday, May 9, 2024

American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the three months ended March 31, 2024.

Key Points: 
  • American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the three months ended March 31, 2024.
  • Rental revenues increased $0.3 million from $11.0 million for the three months ended March 31, 2023 to $11.3 million for the three months ended March 31, 2024.
  • Net operating loss decreased $1.6 million from $3.1 million for three months ended March 31, 2023 to $1.5 million for the three months ended March 31, 2024.
  • Net income attributable to common shares decreased $1.2 million from $3.0 million for the three months ended March 31, 2023 to $1.8 million for the three months ended March 31, 2024.

American Realty Investors, Inc. reports Earnings for Quarter Ended December 31, 2024

Retrieved on: 
Friday, March 22, 2024

American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended December 31, 2023.

Key Points: 
  • American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended December 31, 2023.
  • Total occupancy was 77% at December 31, 2023, which includes 92% at our multifamily properties and 49% at our commercial properties.
  • Merano is expected to be completed in 2025 for a total cost of approximately $51.9 million.
  • Rental revenues increased $1.0 million from $11.8 million for the three months ended December 31, 2022 to $12.8 million for the three months ended December 31, 2023.

American Realty Investors, Inc. reports Earnings for Quarter Ended September 30, 2023

Retrieved on: 
Thursday, November 9, 2023

American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the three months ended September 30, 2023.

Key Points: 
  • American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the three months ended September 30, 2023.
  • Rental revenues increased $4.3 million from $7.6 million for the three months ended September 30, 2022 to $11.8 million for the three months ended September 30, 2023.
  • Net operating loss decreased $1.1 million from $3.2 million for three months ended September 30, 2022 to $2.1 million for the three months ended September 30, 2023.
  • Net income attributable to common shares decreased $299.3 million from $302.3 million for the three months ended September 30, 2022 to $3.0 million for the three months ended September 30, 2023.

American Realty Investors, Inc. reports Earnings for Quarter Ended June 30, 2023

Retrieved on: 
Thursday, August 10, 2023

American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended June 30, 2023.

Key Points: 
  • American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended June 30, 2023.
  • Total occupancy was 81% at June 30, 2023, which includes 93% at our multifamily properties and 59% at our commercial properties.
  • Rental revenues increased $4.1 million from $7.3 million for the three months ended June 30, 2022 to $11.4 million for the three months ended June 30, 2023.
  • Net operating loss increased $0.8 million from $3.0 million for three months ended June 30, 2022 to $3.9 million for the three months ended June 30, 2023.

American Realty Investors, Inc. reports Earnings for Quarter Ended March 31, 2023

Retrieved on: 
Thursday, May 11, 2023

American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended March 31, 2023.

Key Points: 
  • American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended March 31, 2023.
  • Total occupancy was 80% at March 31, 2023, which includes 92% at our multifamily properties and 59% at our commercial properties.
  • Rental revenues increased $3.5 million from $7.5 million for the three months ended March 31, 2022 to $11.0 million for the three months ended March 31, 2023.
  • Net operating loss decreased $1.4 million from $4.5 million for three months ended March 31, 2022 to $3.1 million for the three months ended March 31, 2023.

American Realty Investors, Inc. reports Earnings for Quarter Ended December 31, 2022

Retrieved on: 
Thursday, March 23, 2023

American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended December 31, 2022.

Key Points: 
  • American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended December 31, 2022.
  • We collected approximately 96% of our rents for the three months ended December 31, 2022, comprised of approximately 97% from multifamily tenants and approximately 96% from office tenants.
  • Total occupancy was 81% at December 31, 2022, which includes 93% at our multifamily properties and 60% at our commercial properties.
  • Rental revenues increased $4.1 million from $7.6 million for the three months ended December 31, 2021 to $11.8 million for the three months ended December 31, 2022.

American Realty Investors, Inc. reports Earnings for Quarter Ended September 30, 2022

Retrieved on: 
Thursday, November 10, 2022

American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended September 30, 2022.

Key Points: 
  • American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended September 30, 2022.
  • Total stabilized occupancy was 94% at September 30, 2022, which includes 96% at our multifamily properties and 68% at our commercial properties.
  • Rental revenues decreased $2.1 million from $9.6 million for the three months ended September 30, 2021 to $7.6 million for the three months ended September 30, 2022.
  • Net operating loss decreased $2.0 million from $5.2 million for three months ended September 30, 2021 to $3.2 million for the three months ended September 30, 2022.

American Realty Investors, Inc. reports Earnings for Quarter Ended June 30, 2022

Retrieved on: 
Friday, August 12, 2022

American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended June 30, 2022.

Key Points: 
  • American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended June 30, 2022.
  • We collected approximately 97% of our rents for the three months ended June 30, 2022, comprised of approximately 98% from multifamily tenants and approximately 96% from office tenants.
  • Rental revenues decreased $2.9 million from $10.2 million for the three months ended June 30, 2021 to $7.3 million for the three months ended June 30, 2022.
  • Net operating loss decreased $5.7 million from $8.8 million for three months ended June 30, 2021 to $3.0 million for the three months ended June 30, 2022.

American Realty Investors, Inc. Reports Earnings for Quarter Ended March 31, 2022

Retrieved on: 
Friday, May 13, 2022

American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended March 31, 2022.

Key Points: 
  • American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the quarter ended March 31, 2022.
  • Total occupancy was 90% at March 31, 2022, which includes 94% at our multifamily properties and 70% at our commercial properties.
  • Rental revenues decreased $2.9 million from $10.4 million for the three months ended March 31, 2021 to $7.5 million for the three months ended March 31, 2022.
  • Net operating loss increased $1.5 million from $3.0 million for three months ended March 31, 2021 to $4.5 million for the three months ended March 31, 2022.