American Realty Investors, Inc.(ARL)Earnings, Financials & Key Ratios

ARL•NYSE•REIT / Real Estate

$14.03

$227M mkt cap·14.5× P/E·Price updated May 6, 2026

SectorReal Estate IndustryReal Estate Development Sub-IndustryReal Estate Investment and Platform Companies

AboutAmerican Realty Investors, Inc., together with its subsidiaries, acquires, develops, and owns multifamily apartment communities and commercial real estate properties in the southwestern, southeastern, and mid-western United States. The company leases apartment units to residents; and leases office, industrial, and retail space to various for-profit businesses, as well as local, state, and federal agencies; and sells land and properties. As of December 31, 2021, its portfolio included five commercial properties comprising four office buildings and one retail properties; nine multifamily apartment communities consisting of 1,492 units; and fifty-two multifamily apartment communities totaling 10,281 units. The company also owns or controls 1,886 acres of developed and undeveloped land. American Realty Investors, Inc. was founded in 1999 and is headquartered in Dallas, Texas.Show more

Revenue$50M+5.7%
FFO$10M+501.4%
FFO/Share0.60+501.4%
FFO Payout0%
FFO per Share0.60+501.4%
NOI Margin100%+133.6%
FFO Margin19.48%+479.7%
ROE-0.35%+80.7%
ROA-0.27%+81.4%
Net Debt/EBITDA-56.95-293.9%
Book Value/Share50.75+2.2%

Technical→

ARL Key Insights

American Realty Investors, Inc. (ARL) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓FFO growing 548.9% TTM
✓High NOI margin of 100.0%
✓Trading at only 0.3x book value

✗Weaknesses

✗Weak Piotroski F-Score: 1/9

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ARL Price & Volume

American Realty Investors, Inc. (ARL) stock price & volume — 10-year historical chart

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ARL Growth Metrics

American Realty Investors, Inc. (ARL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-7.08%

5 Years-3.26%

3 Years10.03%

TTM5.7%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM80.71%

EPS CAGR

10 Years-

5 Years11.61%

3 Years-65.25%

TTM206.63%

Return on Capital

10 Years-0.14%

5 Years-1.34%

3 Years-0.85%

Last Year-

ARL Recent Earnings

American Realty Investors, Inc. (ARL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

Q2 2026Latest

Mar 12, 2026

EPS

$0.10

Revenue

$13M

Q4 2025

Nov 6, 2025

EPS

$0.01

Revenue

$13M

Q3 2025

Aug 7, 2025

EPS

$0.18

Revenue

$12M

Q2 2025

May 8, 2025

EPS

$0.01

Revenue

$12M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Mar 12, 2026	$0.10	$13M
Q4 2025	Nov 6, 2025	$0.01	$13M
Q3 2025	Aug 7, 2025	$0.18	$12M
Q2 2025	May 8, 2025	$0.01	$12M

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
IRTIndependence Realty Trust, Inc.Direct Competitor	3.89B	16.50	68.75	2.76%	7.27%	1.35%	3.77%	0.64
NHINational Health Investors, Inc.Direct Competitor	3.54B	73.09	24.20	12.93%	36.81%	9.77%	6.22%	0.76
UMHUMH Properties, Inc.Direct Competitor	1.34B	15.70	224.29	8.81%	10.79%	2.36%	6.13%	0.84
NXRTNexPoint Residential Trust, Inc.Direct Competitor	748.15M	29.48	-23.40	-3.24%	-12.67%	-10.13%	11.17%	5.18
BRTBRT Apartments Corp.Direct Competitor	272.04M	14.45	-21.90	1.46%	-12.31%	-6.33%	3.98%	2.87
APLEApple Hospitality REIT, Inc.Direct Competitor	3.21B	13.62	18.41	-1.33%	12.08%	5.43%	8.8%	0.56
AIVApartment Investment and Management CompanyProduct Competitor	595.67M	4.25	1.10	-100%	287.66%	162.9%
ELMEElme CommunitiesProduct Competitor	191.93M	2.16	-1.23	-100%		-18.93%	32.43%	2.18

Compare ARL vs Peers

American Realty Investors, Inc. (ARL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IRT

Most directly comparable listed peer for ARL.

Scale Benchmark

vs CBRE

Larger-name benchmark to compare ARL against a more recognizable public peer.

Peer Set

Compare Top 5

vs IRT, NHI, UMH, NXRT

ARL Income Statement

American Realty Investors, Inc. (ARL) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Revenue	126.22M	120.96M	58.99M	59.03M	42.04M	37.54M	50.5M	47.32M	50.01M
Revenue Growth %	5.48%	-4.17%	-51.23%	0.06%	-28.78%	-10.69%	34.51%	-6.3%	5.7%
Property Operating Expenses	64.09M	59.59M	25.69M	24.36M	20.86M	18.34M	27.9M	27.06M	0
Net Operating Income (NOI)	62.13M▲ 0%	61.37M▼ 1.2%	33.29M▼ 45.7%	34.67M▲ 4.1%	21.18M▼ 38.9%	19.2M▼ 9.3%	22.6M▲ 17.7%	20.25M▼ 10.4%	50.01M▲ 146.9%
NOI Margin %	49.22%	50.74%	56.44%	58.73%	50.38%	51.15%	44.76%	42.81%	100%
Operating Expenses	44.7M	47.48M	33.68M	34.78M	41.8M	28.47M	33.84M	26.9M	27.89M
G&A Expenses	18.77M	24.81M	19.95M	20.02M	29.93M	18.79M	20.2M	14.62M	6.46M
EBITDA	43.11M	36.55M	15.2M	18.47M	-5.59M	3.84M	3.33M	5.63M	249K
EBITDA Margin %	34.15%	30.22%	25.76%	31.29%	-13.29%	10.24%	6.6%	11.91%	0.5%
Depreciation & Amortization	25.68M	22.67M	15.59M	18.58M	15.03M	13.11M	14.57M	12.28M	12.58M
D&A / Revenue %	20.34%	18.74%	26.43%	31.48%	35.75%	34.92%	28.85%	25.94%	25.15%
Operating Income	17.43M▲ 0%	13.88M▼ 20.3%	-390K▼ 102.8%	-112K▲ 71.3%	-20.62M▼ 18308.9%	-9.27M▲ 55.1%	-11.24M▼ 21.3%	-6.64M▲ 40.9%	0▲ 100.0%
Operating Margin %	13.81%	11.48%	-0.66%	-0.19%	-49.04%	-24.68%	-22.26%	-14.03%	0%
Interest Expense	66.17M	66.06M	39.86M	35M	23.42M	17.53M	9.5M	7.84M	-6.83M
Interest Coverage	0.26x	0.21x	-0.01x	-0.00x	-0.88x	-0.53x	-1.18x	-0.85x	-
Non-Operating Income	-40.05M	-207.09M	-18.51M	-46.24M	-49.41M	-600.22M	-27.45M	0	0
Pretax Income	-8.7M▲ 0%	183.9M▲ 2214.8%	-21.74M▼ 111.8%	11.12M▲ 151.1%	5.38M▼ 51.6%	573.42M▲ 10562.4%	6.71M▼ 98.8%	-17.05M▼ 354.2%	-5.5M▲ 67.7%
Pretax Margin %	-6.89%	152.04%	-36.86%	18.84%	12.79%	1527.34%	13.28%	-36.02%	-11%
Income Tax	180K	1.21M	0	-147K	-1.07M	98.11M	1.46M	-3.61M	-2.67M
Effective Tax Rate %	-2.07%	0.66%	0%	-1.32%	-19.84%	17.11%	21.71%	21.16%	48.46%
Net Income	-8.43M▲ 0%	173.7M▲ 2160.2%	-15.96M▼ 109.2%	9.03M▲ 156.6%	3.35M▼ 62.9%	373.35M▲ 11054.7%	3.97M▼ 98.9%	-14.7M▼ 470.5%	-2.84M▲ 80.7%
Net Margin %	-6.68%	143.61%	-27.05%	15.3%	7.96%	994.43%	7.86%	-31.07%	-5.67%
Net Income Growth %	-208.6%	2160.24%	-109.19%	156.59%	-62.93%	11054.74%	-98.94%	-470.54%	80.71%
Funds From Operations (FFO)	17.25M▲ 0%	196.37M▲ 1038.5%	-370K▼ 100.2%	27.61M▲ 7561.9%	18.38M▼ 33.4%	386.46M▲ 2003.1%	18.54M▼ 95.2%	-2.43M▼ 113.1%	9.74M▲ 501.4%
FFO Margin %	13.66%	162.35%	-0.63%	46.77%	43.71%	1029.35%	36.71%	-5.13%	19.48%
FFO Growth %	-18.07%	1038.5%	-100.19%	7561.89%	-33.44%	2003.07%	-95.2%	-113.09%	501.36%
FFO per Share	1.11	11.76	-0.02	1.72	1.14	23.93	1.15	-0.15	0.60
FFO Payout Ratio %	6.41%	0.46%	0%	0%	0%	0%	0%	0%	0%
EPS (Diluted)	-0.61▲ 0%	10.40▲ 1804.9%	-1.00▼ 109.6%	0.56▲ 156.0%	0.21▼ 62.5%	23.11▲ 10904.8%	0.25▼ 98.9%	-0.91▼ 464.0%	0.97▲ 206.6%
EPS Growth %	-144%	1804.92%	-109.62%	156%	-62.5%	10904.76%	-98.92%	-464%	206.59%
EPS (Basic)	-0.61	10.87	-1.00	0.56	0.21	23.11	0.25	-0.91	0.97
Diluted Shares Outstanding	15.51M	16.7M	16M	16.05M	16.15M	16.15M	16.15M	16.15M	16.15M

ARL Balance Sheet

American Realty Investors, Inc. (ARL) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Assets	1.3B	826.15M	830.64M	865.76M	770.57M	1.2B	1.02B	1.03B	1.1B
Asset Growth %	10.37%	-36.29%	0.54%	4.23%	-11%	55.4%	-14.53%	0.91%	6.25%
Real Estate & Other Assets	189.06M	152.84M	450.59M	458.36M	383.01M	574.68M	601.22M	664.53M	0
PP&E (Net)	862.32M	294.25M	0	0	0	0	0	0	0
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Total Current Assets	238.94M	303.05M	312.39M	346.98M	325.94M	594.57M	412.2M	358.02M	89.14M
Cash & Equivalents	42.92M	36.43M	51.23M	36.81M	50.75M	113.44M	36.74M	19.92M	14.18M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Current Assets	0	70.19M	32.08M	50.21M	21.99M	108.88M	42.33M	20.56M	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Total Liabilities	1.13B	505.02M	534.13M	535.36M	433.72M	385.31M	206.97M	230.53M	277.6M
Total Debt	1.01B	440.64M	722.97M	723.31M	556.24M	505.23M	182.68M	185.4M	0
Net Debt	967.58M	404.22M	671.75M	686.5M	505.49M	391.78M	145.94M	165.48M	-14.18M
Long-Term Debt	1.01B	440.64M	473.12M	480.6M	372.84M	317.22M	182.68M	185.4M	0
Short-Term Borrowings	0	0	249.85M	242.71M	183.39M	188M	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0
Total Current Liabilities	43M	30.47M	36.24M	34.94M	51.08M	58.3M	14.5M	35.34M	9.79M
Accounts Payable	39.37M	25.58M	29.01M	27.3M	44.52M	53.1M	11.87M	32.1M	0
Deferred Revenue	77.33M	33.9M	24.76M	19.82M	9.79M	9.79M	9.79M	9.79M	9.79M
Other Liabilities	0	-3.43M	0	0	0	0	0	0	267.81M
Total Equity	165.88M▲ 0%	321.13M▲ 93.6%	296.52M▼ 7.7%	330.41M▲ 11.4%	336.85M▲ 2.0%	812.17M▲ 141.1%	816.51M▲ 0.5%	802.27M▼ 1.7%	819.73M▲ 2.2%
Equity Growth %	-5.82%	93.59%	-7.66%	11.43%	1.95%	141.11%	0.53%	-1.74%	2.18%
Shareholders Equity	112.07M	258.32M	239.5M	236.79M	240.14M	613.49M	617M	601.82M	617.4M
Minority Interest	53.81M	62.8M	57.02M	93.61M	96.71M	198.68M	199.51M	200.45M	202.32M
Common Stock	159K	164K	164K	162K	162K	162K	162K	162K	162K
Additional Paid-in Capital	110.14M	84.89M	78.42M	62.09M	62.09M	62.09M	61.64M	61.16M	0
Retained Earnings	5.97M	179.67M	163.71M	172.74M	176.09M	549.43M	553.4M	538.7M	554.4M
Preferred Stock	2.21M	5K	3.6M	1.8M	1.8M	1.8M	1.8M	1.8M	1.8M
Return on Assets (ROA)	-0.68%	16.36%	-1.93%	1.06%	0.41%	37.94%	0.36%	-1.43%	-0.27%
Return on Equity (ROE)	-4.93%	71.33%	-5.17%	2.88%	1%	64.99%	0.49%	-1.82%	-0.35%
Debt / Assets	77.93%	53.34%	87.04%	83.55%	72.19%	42.19%	17.85%	17.95%	-
Debt / Equity	6.09x	1.37x	2.44x	2.19x	1.65x	0.62x	0.22x	0.23x	-
Net Debt / EBITDA	22.45x	11.06x	44.20x	37.17x	-	101.92x	43.81x	29.37x	-56.95x
Book Value per Share	10.69	19.23	18.54	20.59	20.86	50.28	50.55	49.67	50.75

ARL Cash Flow Statement

American Realty Investors, Inc. (ARL) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	-37.34M	-172.33M	-40.64M	3.5M	-11.52M	-45.39M	-31.05M	1.09M	-5.55M
Operating CF Growth %	-314.06%	-361.46%	76.42%	108.61%	-429.42%	-293.87%	31.58%	103.51%	-609.92%
Operating CF / Revenue %	-29.59%	-142.47%	-68.9%	5.93%	-27.41%	-120.89%	-61.49%	2.3%	-11.1%
Net Income	-8.88M	182.69M	-21.74M	11.27M	6.45M	475.32M	3.97M	-13.44M	-2.84M
Depreciation & Amortization	25.68M	22.67M	13.38M	18.58M	15.03M	13.11M	14.57M	12.53M	12.63M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-16.77M	-165.06M	9.66M	-20.37M	-29.82M	-571.75M	2.27M	23.97M	-15.35M
Working Capital Changes	-37.38M	-212.64M	-41.93M	-5.98M	-3.17M	37.93M	-51.87M	-21.97M	0
Cash from Investing	-90.03M	147.63M	-3.71M	4.2M	100.82M	307.36M	26.81M	-41.34M	-33.05M
Acquisitions (Net)	-267K	236.75M	0	0	-411K	0	0	0	0
Purchase of Investments	-113.46M	-91.92M	-58.59M	-50.52M	-16M	-277.64M	-91.01M	-59.1M	-84.57M
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	25.42M	-89.13M	6.5M	5.48M	117.23M	409.75M	-2.53M	-51.99M	-37.89M
Cash from Financing	152.77M	42.78M	21.04M	-3.98M	-103.58M	-112.38M	-139.02M	1.66M	27.55M
Dividends Paid	-1.1M	-901K	0	0	0	0	0	0	0
Common Dividends	0	-900K	0	0	0	0	0	0	0
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K	0
Share Repurchases	0	-9M	0	0	0	0	-908K	-802K	0
Other Financing	-10.49M	-5.26M	-8.04M	0	-4.09M	-1.35M	-455K	-199K	27.55M
Net Change in Cash	25.4M▲ 0%	18.08M▼ 28.8%	-23.3M▼ 228.9%	3.71M▲ 115.9%	-14.29M▼ 485.2%	149.59M▲ 1147.1%	-143.26M▼ 195.8%	-38.59M▲ 73.1%	-11.06M▲ 71.3%
Exchange Rate Effect	0	0	0	0	0	0	0	0	0
Cash at Beginning	17.52M	88.54M	106.61M	83.31M	87.02M	72.73M	222.33M	79.07M	40.48M
Cash at End	42.92M	106.61M	83.31M	87.02M	72.73M	222.33M	79.07M	40.48M	29.41M
Free Cash Flow	-152.52M▲ 0%	-176.02M▼ 15.4%	-40.64M▲ 76.9%	3.5M▲ 108.6%	-135.24M▼ 3966.2%	-45.39M▲ 66.4%	-31.05M▲ 31.6%	1.09M▲ 103.5%	-5.55M▼ 609.9%
FCF Growth %	-60.96%	-15.41%	76.91%	108.61%	-3966.24%	66.44%	31.58%	103.51%	-609.92%
FCF / Revenue %	-120.84%	-145.52%	-68.9%	5.93%	-321.7%	-120.89%	-61.49%	2.3%	-11.1%

ARL Key Ratios

American Realty Investors, Inc. (ARL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
FFO per Share	1.36	1.11	11.76	-0.02	1.72	1.14	23.93	1.15	-0.15	0.6
FFO Payout Ratio	5.23%	6.41%	0.46%	0%	0%	0%	0%	0%	0%	0%
NOI Margin	47.39%	49.22%	50.74%	56.44%	58.73%	50.38%	51.15%	44.76%	42.81%	100%
Net Debt / EBITDA	21.70x	22.45x	11.06x	44.20x	37.17x	-	101.92x	43.81x	29.37x	-56.95x
Debt / Assets	72.44%	77.93%	53.34%	87.04%	83.55%	72.19%	42.19%	17.85%	17.95%	-
Interest Coverage	0.25x	0.26x	0.21x	-0.01x	-0.00x	-0.88x	-0.53x	-1.18x	-0.85x	-
Book Value / Share	11.35	10.69	19.23	18.54	20.59	20.86	50.28	50.55	49.67	50.75
Revenue Growth	14.85%	5.48%	-4.17%	-51.23%	0.06%	-28.78%	-10.69%	34.51%	-6.3%	5.7%

ARL SEC Filings & Documents

American Realty Investors, Inc. (ARL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 12, 2026·SEC

Material company update

Dec 12, 2025·SEC

Material company update

Nov 6, 2025·SEC

10-K Annual Reports

FY 2026

Mar 12, 2026·SEC

FY 2025

Mar 20, 2025·SEC

FY 2024

Mar 21, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

ARL Frequently Asked Questions

American Realty Investors, Inc. (ARL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

American Realty Investors, Inc. (ARL) reported $50.0M in revenue for fiscal year 2025. This represents a 86% decrease from $365.1M in 2000.

American Realty Investors, Inc. (ARL) grew revenue by 5.7% over the past year. This is steady growth.

American Realty Investors, Inc. (ARL) reported a net loss of $2.8M for fiscal year 2025.

Dividend & Returns

American Realty Investors, Inc. (ARL) has a return on equity (ROE) of -0.3%. Negative ROE indicates the company is unprofitable.

Industry Metrics

American Realty Investors, Inc. (ARL) generated Funds From Operations (FFO) of $9.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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American Realty Investors, Inc. (ARL) financial analysis — history, returns, DCA and operating performance tools

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American Realty Investors, Inc.(ARL)Earnings, Financials & Key Ratios

ARL Key Insights

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ARL Price & Volume

ARL Growth Metrics

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ARL Recent Earnings

ARL Peer Comparison

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ARL Income Statement

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