Revenue: As of FY2025 Q3, the actual value is USD 12.84 M.EPS: As of FY2025 Q3, the actual value is USD 0.01.EBIT: As of FY2025 Q3, the actual value is USD -3.981 M.<h3>Multifamily Segment</h3><ul><li>Revenues: $8,528,000 for Q3 2025, compared to $8,266,000 for Q3 2024, showing an increase of $262,000. For the nine months ended September 30, 2025, revenues were $25,785,000, compared to $25,451,000 for the same period in 2024, an increase of $334,000.</li><li>Operating Expenses: $5,109,000 for Q3 2025, compared to $4,642,000 for Q3 2024, an increase of $467,000. For the nine months ended September 30, 2025, operating expenses were $13,680,000, compared to $13,358,000 for the same period in 2024, an increase of $322,000.</li><li>Net Operating Income (NOI): $3,419,000 for Q3 2025, compared to $3,624,000 for Q3 2024, a decrease of $205,000. For the nine months ended September 30, 2025, NOI was $12,105,000, compared to $12,093,000 for the same period in 2024, an increase of $12,000.</li></ul><h3>Commercial Segment</h3><ul><li>Revenues: $4,307,000 for Q3 2025, compared to $3,341,000 for Q3 2024, an increase of $966,000. For the nine months ended September 30, 2025, revenues were $11,218,000, compared to $9,828,000 for the same period in 2024, an increase of $1,390,000.</li><li>Operating Expenses: $2,441,000 for Q3 2025, compared to $2,347,000 for Q3 2024, an increase of $94,000. For the nine months ended September 30, 2025, operating expenses were $6,382,000, compared to $6,889,000 for the same period in 2024, a decrease of $507,000.</li><li>Net Operating Income (NOI): $1,866,000 for Q3 2025, compared to $994,000 for Q3 2024, an increase of $872,000. For the nine months ended September 30, 2025, NOI was $4,836,000, compared to $2,939,000 for the same period in 2024, an increase of $1,897,000.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: -$2,351,000 for the nine months ended September 30, 2025, compared to $16,859,000 provided by operating activities for the same period in 2024, a decrease of $19,210,000.</li><li>Net Cash Used in Investing Activities: -$48,965,000 for the nine months ended September 30, 2025, compared to -$26,898,000 for the same period in 2024, an increase in cash used of $22,067,000.</li><li>Net Cash Provided by Financing Activities: $40,546,000 for the nine months ended September 30, 2025, compared to $93,000 for the same period in 2024, an increase of $40,453,000.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to continue its development activities, including the construction of multifamily properties such as Alera, Bandera Ridge, Merano, and Mountain Creek, with expected completion dates ranging from November 2025 to June 2027. The company is also focused on the development of Windmill Farms, which involves infrastructure development to enhance land value and sell lots to home builders.</li><li>Non-Core Business: The company has been involved in the sale of properties, such as the Villas at Bon Secour, to optimize its portfolio and generate funds for corporate purposes. The company also plans to selectively sell land and income-producing assets, refinance or extend real estate debt, and seek additional borrowings secured by real estate to meet liquidity requirements.</li></ul>

American Realty Investors | 10-Q: FY2025 Q3 Revenue: USD 12.84 M