AMERICAN REALTY INVESTORS INC (ARL) Form 10-Q — Aug 6, 2026

$ARLForm 10-QFiled Aug 6, 2026, 1:23 PM ET0001628280-26-054101Original filing

American Realty Investors (NYSE: ARL) reported a Q2 2026 net loss attributable to common shares of $1.0 million (EPS -$0.06), a swing from net income of $2.8 million (EPS $0.18) in Q2 2025, and six-month FFO fell to $5.98 million from $11.14 million a year earlier. The deterioration was driven by a $1.1 million drop in quarterly multifamily NOI as same-property occupancy slipped under competition from newly constructed supply, alongside a 58% jump in interest expense on 2025-vintage developments now carrying full debt service and lower interest income on a smaller investment base.

Key figures

Eps: Q2 2026: $(0.06) vs $0.18 Q2 2025; 6M 2026: $(0.10) vs $0.36 6M 2025 (basic and diluted)
Revenue: Q2 2026: $12.866M (vs $12.160M Q2 2025); 6M 2026: $25.207M (vs $24.168M 6M 2025)
Net Income: Q2 2026 net loss: $(1.245)M vs $2.864M net income Q2 2025; attributable to common: $(1.010)M vs $2.827M; 6M 2026: $(1.761)M vs $6.827M
Total Debt: $218.028M mortgages and other notes payable at 6/30/26 (vs $214.367M at 12/31/25)
Total Assets: $1,090.137M at 6/30/26 (vs $1,097.325M at 12/31/25)
Cash Position: $10.849M cash and equivalents at 6/30/26 (plus $11.237M restricted cash and $73.438M short-term investments)
Shares Outstanding: 16152043
Ffo 6m 2026: $5.979M vs $11.140M 6M 2025 (-46%)
Ffo q2 2026: $2.687M vs $5.978M Q2 2025 (-55%)
Noi q2 2026: $4.690M vs $5.625M Q2 2025
Notes receivable: $139.974M, including $64.835M from related parties
Buyback remaining: 263,250 shares of 1,250,000 authorized; none repurchased in 6M 2026
Tci ownership pct: 79.2
Mrhi ownership pct: approximately 91.0%
Multifamily noi q2 2026: $2.833M vs $3.962M Q2 2025 (-28%)
Same property occupancy: 81% total (93% multifamily, 58% commercial)
Interest expense q2 2026: $2.803M vs $1.777M Q2 2025 (+58%)

Price after filing

1 day: -3.5%7 days: -1.8%30 days: +0.4%

Close on the filing date to close N calendar days later (from $15.54). Historical, not a forecast.

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