---
title: "American Realty Investors | 8-K: FY2026 Q1 Revenue: USD 12.34 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285586854.md"
datetime: "2026-05-07T16:28:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285586854.md)
  - [en](https://longbridge.com/en/news/285586854.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285586854.md)
---

# American Realty Investors | 8-K: FY2026 Q1 Revenue: USD 12.34 M

Revenue: As of FY2026 Q1, the actual value is USD 12.34 M.

EPS: As of FY2026 Q1, the actual value is USD -0.03.

EBIT: As of FY2026 Q1, the actual value is USD -3.047 M.

American Realty Investors, Inc. (美国房地产投资公司) reported its operational results for the quarter ended March 31, 2026.

#### Operational Metrics

As of March 31, 2026, American Realty Investors, Inc. reported a total occupancy of 81%, with multifamily properties at 93% and commercial properties at 58%. Occupancy rates for its Development Properties were 47% for Alera, 44% for Bandera Ridge, and 42% for Merano. During the three months ended March 31, 2026, the company sold 21 lots from its Windmill Farms holdings for $1.0 million, resulting in a gain on sale of $0.8 million.

#### Segment Revenue

Total revenue for the three months ended March 31, 2026, increased by $0.3 million to $12.3 million, up from $12.0 million for the same period in 2025. This increase was primarily driven by a $0.7 million increase from commercial properties, partially offset by a $0.3 million decrease from multifamily properties, with growth in commercial properties revenue mainly due to increased occupancy at Stanford Center.

#### Operating Costs

Total operating expenses for the three months ended March 31, 2026, were $14,532 thousand, compared to $12,821 thousand for the same period in 2025. Property operating expenses increased to $7,333 thousand in 2026 from $5,977 thousand in 2025. Depreciation and amortization expenses were $3,630 thousand in 2026, up from $2,883 thousand in 2025. General and administrative expenses were $1,486 thousand in 2026, slightly down from $1,492 thousand in 2025. The advisory fee to a related party decreased to $2,083 thousand in 2026 from $2,469 thousand in 2025.

#### Net Operating Loss

Net operating loss increased by $1.4 million, from - $0.8 million for the three months ended March 31, 2025, to - $2.2 million for the same period in 2026, primarily due to a $1.4 million rise in operating expenses from lease-up properties.

#### Net Income Attributable to Common Shares

American Realty Investors, Inc. reported a net loss attributable to common shares of - $0.6 million (or - $0.03 per share) for the three months ended March 31, 2026. This represents a decrease of $3.5 million from a net income of $3.0 million (or $0.18 per share) for the same period in 2025. The decrease was primarily attributed to a $3.5 million decrease from gain on sale or write-down of assets, a $1.3 million decrease in interest income, net, and a $1.4 million increase in net operating loss, partially offset by a $1.6 million decrease in tax provision. The decrease in gain on sale of real estate transactions was attributed to the condemnation of a parcel of land at Windmill Farms in 2025.

#### Other Financial Metrics (Three Months Ended March 31, in thousands)

-   **Interest income:** $3,824 in 2026 vs $4,010 in 2025.
-   **Interest expense:** - $2,968 in 2026 vs - $1,820 in 2025.
-   **Equity in loss from unconsolidated joint ventures:** $0 in 2026 vs - $159 in 2025.
-   **Gain on real estate transactions:** $385 in 2026 vs $3,891 in 2025.
-   **Income tax provision:** $434 in 2026 vs - $1,146 in 2025.
-   **Net (loss) income:** - $516 in 2026 vs $3,963 in 2025.
-   **Net income attributable to noncontrolling interest:** - $35 in 2026 vs - $998 in 2025.
-   **Weighted average common shares used in computing earnings per share:** 16,152,043 for both 2026 and 2025.

### Related Stocks

- [ARL.US](https://longbridge.com/en/quote/ARL.US.md)

## Related News & Research

- [Healthpeak Properties (DOC) Stock Finds Support In Stronger FFO](https://longbridge.com/en/news/295069814.md)
- [Is Wall Street Bullish or Bearish on VICI Properties Stock?](https://longbridge.com/en/news/294709337.md)
- [IVT: High occupancy, strong Sun Belt focus, and robust FFO growth drive positive 2026 outlook](https://longbridge.com/en/news/294737378.md)
- [HABA: H1 2026 saw lower rental income and FFO, but portfolio stability and strong equity metrics](https://longbridge.com/en/news/294784833.md)
- [Realty Income (O) Stock Looks Expensive On Earnings But Strong On Returns](https://longbridge.com/en/news/295003980.md)