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ARL

American Realty Investors, Inc.

ARL

American Realty Investors, Inc. • NYSE
$15.74 ▲ 3.55% (+0.54)
Market Cap $254.23 M
52w High $18.00
52w Low $9.43
Dividend Yield 0%
P/E 43.72
Volume 127
Outstanding Shares 16.15M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $12.835M ▲ $6.858M ▲ $129K ▼ 1.005% ▼ $0.01 ▼ $6.346M ▼
Q2-2025 $12.16M ▲ $6.638M ▼ $2.827M ▼ 23.248% ▼ $0.18 $6.384M ▼
Q1-2025 $12.008M ▼ $6.844M ▼ $2.965M ▲ 24.692% ▲ $0.18 ▲ $9.83M ▲
Q4-2024 $12.039M ▲ $7.007M ▲ $-161K ▲ -1.337% ▲ $-0.01 ▲ $4.474M ▲
Q3-2024 $11.607M $6.681M $-17.46M -150.426% $-1.08 $-16.217M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $0 ▼ $0 ▼ $0 ▼
Q2-2025 $92.262M ▲ $1.086B ▲ $278.221M ▲ $607.771M ▲
Q1-2025 $88.659M ▼ $1.045B ▲ $239.445M ▲ $604.906M ▲
Q4-2024 $99.718M ▼ $1.033B ▼ $230.532M ▼ $601.823M ▼
Q3-2024 $131.585M $1.043B $240.232M $602.172M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $320K ▼ $7.973M ▲ $-23.534M ▼ $11.052M ▼ $-4.509M ▼ $7.973M ▲
Q2-2025 $2.864M ▼ $-2.916M ▲ $-8.801M ▲ $13.894M ▼ $2.177M ▲ $-2.916M ▲
Q1-2025 $2.965M ▲ $-7.408M ▲ $-16.63M ▼ $15.6M ▲ $-8.438M ▲ $-7.408M ▲
Q4-2024 $-216K ▲ $-15.77M ▼ $-14.442M ▲ $1.566M ▼ $-28.646M ▼ $-15.77M ▼
Q3-2024 $-17.016M $13.495M $-23.881M $2.447M $-7.939M $13.495M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Commercial Segments
Commercial Segments
 $0 ▲$0 ▲$0 ▲$0 ▲
Multifamily Segment
Multifamily Segment
 $0 ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement ARL’s income statement shows a very small, fairly flat revenue base and earnings that swing around a lot. Core operations have struggled to consistently produce profits, with operating results often slightly negative. The standout year recently appears driven more by one‑off gains (likely asset sales or revaluations) than by steady rental or development income. That means reported earnings can look strong in a single year but may not reflect an underlying, repeatable profit engine. Overall, the picture is of a company dependent on transactions and special items rather than stable, growing operating income.

Balance Sheet

Balance Sheet The balance sheet looks asset‑heavy, as you would expect for a real estate owner, with a meaningful equity cushion and debt levels that have been trending down over the last few years. This suggests some de‑leveraging and a somewhat more conservative balance sheet than in the past. Cash balances, however, have come down from their recent peak, which slightly reduces financial flexibility. In broad terms, ARL appears to have a solid base of property assets, moderate leverage, and limited liquidity, making asset quality and refinancing terms important ongoing considerations.

Cash Flow

Cash Flow Cash flow from day‑to‑day operations has generally been weak or slightly negative, and free cash flow has also mostly been in the red, especially when investment spending picks up. There was a period of heavier development spending a few years ago, but more recently capital spending has been muted. This pattern points to a business model that is not consistently self‑funding from rental and fee income alone and often relies on property sales, financing activities, or external capital to support investments and obligations. The improvement toward break‑even in the latest year is encouraging but not yet a clear trend.

Competitive Edge

Competitive Edge ARL operates as a traditional real estate investment and development company, focused mainly on multifamily and commercial properties in the Southern U.S. Its competitive position seems to rest on local market knowledge, its portfolio mix, and the expertise of its external manager, rather than on any unique technology or distinctive brand. The relationship with its external manager and its stake in another listed real estate company create a web of ties that can provide deal flow and experience, but may also introduce complexity and potential conflicts. In a crowded real estate market, ARL does not appear to have a strong moat beyond its chosen locations and relationships, making it sensitive to property cycles, interest rates, and regional conditions.

Innovation and R&D

Innovation and R&D There is little visible emphasis on innovation or research and development. ARL appears to follow a conventional “buy, develop, lease, and sell” real estate model, with no clear proprietary technology, digital platform, or differentiated service offering highlighted in public information. It does not present itself as a leader in smart buildings, data‑driven management, or sustainability initiatives, which some peers are using to stand out. Any future move into property technology, smart building upgrades, or stronger ESG‑oriented development could mark a strategic shift, but at present the company’s approach looks firmly traditional.

Summary

ARL comes across as a small, traditional real estate investor and developer with volatile earnings, a reasonably asset‑backed and somewhat de‑leveraged balance sheet, but limited and inconsistent cash generation from its core operations. Its financial profile suggests dependence on transactions and financing events, rather than steady operating growth. Competitively, it leans on geography, asset mix, and management relationships rather than on innovation or a strong brand or technology moat. For anyone tracking the company, the key things to watch are: the stability and quality of recurring rental income, how management uses and refinances its balance sheet, the timing and nature of any asset sales or developments, and whether ARL begins to adopt more modern, tech‑enabled or sustainability‑driven practices that could strengthen its longer‑term positioning.

NEWS

November 6, 2025 · 5:15 PM UTC

American Realty Investors, Inc. Reports Earnings for Quarter Ended September 30, 2025

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