American Realty Investors, Inc. (ARL) 10-Year Financial Performance & Capital Metrics

ARL • • REIT / Real Estate

Real EstateReal Estate DevelopmentIndustrial & Commercial Property DevelopmentMultifamily & Commercial Property Developers

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 $47M -6.3%
FFO -$2M -113.1%
FFO/Share -0.15 -113.1%
FFO Payout 0%
FFO per Share -0.15 -113.1%
NOI Margin 42.81% -4.4%
FFO Margin -5.13% -114.0%
ROE -1.82% -472.8%
ROA -1.43% -500.3%
Debt/Assets 17.95% +0.6%
Net Debt/EBITDA 29.37 -33.0%
Book Value/Share 49.67 -1.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 21.2%
✓FFO growing 691.8% TTM
✓Trading near 52-week high
✓Trading at only 0.3x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.05%

5Y-4.31%

3Y4.02%

TTM-0.58%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM134.56%

EPS CAGR

10Y-

5Y-

3Y-

TTM135.03%

ROCE

10Y Avg-0.06%

5Y Avg-1.08%

3Y Avg-0.9%

Latest-0.66%

Peer Comparison

Multifamily & Commercial Property Developers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OZBelpointe PREP, LLC	202.79M	53.49	-8.14	18.68%	-5.07%	-12.89%		0.59
ARLAmerican Realty Investors, Inc.	263.6M	16.32	-17.93	-6.3%	11.74%	-1.82%	0.41%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	104.19M	119.66M	126.22M	120.96M	58.99M	59.03M	42.04M	37.54M	50.5M	47.32M
Revenue Growth %	0.31%	0.15%	0.05%	-0.04%	-0.51%	0%	-0.29%	-0.11%	0.35%	-0.06%
Property Operating Expenses	54M	62.95M	64.09M	59.59M	25.69M	24.36M	20.86M	18.34M	27.9M	27.06M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	38.58M	42.08M	44.7M	47.48M	33.68M	34.78M	41.8M	28.47M	33.84M	26.9M
G&A Expenses	16.67M	18.04M	18.77M	24.81M	19.95M	20.02M	29.93M	18.79M	20.2M	14.62M
EBITDA+	27.73M	38.42M	43.11M	36.55M	15.2M	18.47M	-5.59M	3.84M	3.33M	5.63M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	21.42M	23.79M	25.68M	22.67M	15.59M	18.58M	15.03M	13.11M	14.57M	12.28M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	6.31M	14.63M	17.43M	13.88M	-390K	-112K	-20.62M	-9.27M	-11.24M	-6.64M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	52.48M	59.36M	66.17M	66.06M	39.86M	35M	23.42M	17.53M	9.5M	7.84M
Interest Coverage	0.12x	0.25x	0.26x	0.21x	-0.01x	-0.00x	-0.88x	-0.53x	-1.18x	-0.85x
Non-Operating Income	-42.5M	-42.37M	-40.05M	-207.09M	-18.51M	-46.24M	-49.41M	-600.22M	-27.45M	0
Pretax Income+	-3.67M	-2.36M	-8.7M	183.9M	-21.74M	11.12M	5.38M	573.42M	6.71M	-17.05M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	517K	46K	180K	1.21M	0	-147K	-1.07M	98.11M	1.46M	-3.61M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-1.96M	-2.73M	-8.43M	173.7M	-15.96M	9.03M	3.35M	373.35M	3.97M	-14.7M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.06%	-0.39%	-2.09%	21.6%	-1.09%	1.57%	-0.63%	110.55%	-0.99%	-4.71%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.6%	0.08%	-0.18%	10.39%	-1%	75.62%	-0.33%	20.03%	-0.95%	-1.13%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	-0.22	-0.25	-0.61	10.40	-1.00	0.56	0.21	23.11	0.25	-0.91
EPS Growth %	-1.1%	-0.14%	-1.44%	18.05%	-1.1%	1.56%	-0.63%	109.05%	-0.99%	-4.64%
EPS (Basic)	-0.22	-0.25	-0.61	10.87	-1.00	0.56	0.21	23.11	0.25	-0.91
Diluted Shares Outstanding	15.11M	15.51M	15.51M	16.7M	16M	16.05M	16.15M	16.15M	16.15M	16.15M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	1.12B	1.17B	1.3B	826.15M	830.64M	865.76M	770.57M	1.2B	1.02B	1.03B
Asset Growth %	0.16%	0.05%	0.1%	-0.36%	0.01%	0.04%	-0.11%	0.55%	-0.15%	0.01%
Real Estate & Other Assets+	46.16M	60.66M	189.06M	152.84M	450.59M	458.36M	383.01M	574.68M	601.22M	664.53M
PP&E (Net)	853.51M	901.01M	862.32M	294.25M	0	0	0	0	0	0
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Current Assets+	209.33M	207.16M	238.94M	303.05M	312.39M	346.98M	325.94M	594.57M	412.2M	358.02M
Cash & Equivalents	15.23M	17.52M	42.92M	36.43M	51.23M	36.81M	50.75M	113.44M	36.74M	19.92M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	45.71M	38.4M	0	70.19M	32.08M	50.21M	21.99M	108.88M	42.33M	20.56M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Total Liabilities	940.48M	998.78M	1.13B	505.02M	534.13M	535.36M	433.72M	385.31M	206.97M	230.53M
Total Debt+	804.76M	851.1M	1.01B	440.64M	722.97M	723.31M	556.24M	505.23M	182.68M	185.4M
Net Debt	789.53M	833.57M	967.58M	404.22M	671.75M	686.5M	505.49M	391.78M	145.94M	165.48M
Long-Term Debt	804.76M	851.1M	1.01B	440.64M	473.12M	480.6M	372.84M	317.22M	182.68M	185.4M
Short-Term Borrowings	0	0	0	0	1000K	1000K	1000K	1000K	0	0
Capital Lease Obligations	0	2.21M	2.21M	5K	0	0	0	0	0	0
Total Current Liabilities+	44.38M	56.3M	43M	30.47M	36.24M	34.94M	51.08M	58.3M	14.5M	35.34M
Accounts Payable	44.38M	56.3M	39.37M	25.58M	29.01M	27.3M	44.52M	53.1M	11.87M	32.1M
Deferred Revenue	91.34M	91.38M	77.33M	33.9M	0	0	0	0	0	0
Other Liabilities	-46.95M	-35.08M	0	-3.43M	0	0	0	0	0	0
Total Equity+	176.89M	176.13M	165.88M	321.13M	296.52M	330.41M	336.85M	812.17M	816.51M	802.27M
Equity Growth %	-0.02%	-0%	-0.06%	0.94%	-0.08%	0.11%	0.02%	1.41%	0.01%	-0.02%
Shareholders Equity	122.96M	121.88M	112.07M	258.32M	239.5M	236.79M	240.14M	613.49M	617M	601.82M
Minority Interest	53.93M	54.25M	53.81M	62.8M	57.02M	93.61M	96.71M	198.68M	199.51M	200.45M
Common Stock	156K	159K	159K	164K	164K	162K	162K	162K	162K	162K
Additional Paid-in Capital	109.86M	111.51M	110.14M	84.89M	78.42M	62.09M	62.09M	62.09M	61.64M	61.16M
Retained Earnings	17.13M	14.4M	5.97M	179.67M	163.71M	172.74M	176.09M	549.43M	553.4M	538.7M
Preferred Stock	2.21M	2.21M	2.21M	5K	3.6M	1.8M	1.8M	1.8M	1.8M	1.8M
Return on Assets (ROA)	-0%	-0%	-0.01%	0.16%	-0.02%	0.01%	0%	0.38%	0%	-0.01%
Return on Equity (ROE)	-0.01%	-0.02%	-0.05%	0.71%	-0.05%	0.03%	0.01%	0.65%	0%	-0.02%
Debt / Assets	0.72%	0.72%	0.78%	0.53%	0.87%	0.84%	0.72%	0.42%	0.18%	0.18%
Debt / Equity	4.55x	4.83x	6.09x	1.37x	2.44x	2.19x	1.65x	0.62x	0.22x	0.23x
Net Debt / EBITDA	28.48x	21.70x	22.45x	11.06x	44.20x	37.17x	-	101.92x	43.81x	29.37x
Book Value per Share	11.71	11.35	10.69	19.23	18.54	20.59	20.86	50.28	50.55	49.67

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-34.51M	17.45M	-37.34M	-172.33M	-40.64M	3.5M	-11.52M	-45.39M	-31.05M	1.09M
Operating CF Growth %	0.09%	1.51%	-3.14%	-3.61%	0.76%	1.09%	-4.29%	-2.94%	0.32%	1.04%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-3.29M	-2.41M	-8.88M	182.69M	-21.74M	11.27M	6.45M	475.32M	3.97M	-13.44M
Depreciation & Amortization	21.42M	23.79M	25.68M	22.67M	13.38M	18.58M	15.03M	13.11M	14.57M	12.53M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-12.91M	-14.48M	-16.77M	-165.06M	9.66M	-20.37M	-29.82M	-571.75M	2.27M	23.97M
Working Capital Changes	-39.73M	10.55M	-37.38M	-212.64M	-41.93M	-5.98M	-3.17M	37.93M	-51.87M	-21.97M
Cash from Investing+	-130.35M	-61.1M	-90.03M	147.63M	-3.71M	4.2M	100.82M	307.36M	26.81M	-41.34M
Acquisitions (Net)	3.75M	5.3M	-267K	236.75M	0	0	-411K	0	0	0
Purchase of Investments	-224.37M	-114.89M	-113.46M	-91.92M	-58.59M	-50.52M	-16M	-277.64M	-91.01M	-59.1M
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	105.05M	45.81M	25.42M	-89.13M	6.5M	5.48M	117.23M	409.75M	-2.53M	-51.99M
Cash from Financing+	167.79M	45.94M	152.77M	42.78M	21.04M	-3.98M	-103.58M	-112.38M	-139.02M	1.66M
Dividends Paid	-1.22M	-1.1M	-1.1M	-901K	0	0	0	0	0	0
Common Dividends	0	0	0	-900K	0	0	0	0	0	0
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K
Share Repurchases	0	0	0	-9M	0	0	0	0	-908K	-802K
Other Financing	-6.72M	841K	-10.49M	-5.26M	-8.04M	0	-4.09M	-1.35M	-455K	-199K
Net Change in Cash+	2.93M	2.29M	25.4M	18.08M	-23.3M	3.71M	-14.29M	149.59M	-143.26M	-38.59M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	12.3M	15.23M	17.52M	88.54M	106.61M	83.31M	87.02M	72.73M	222.33M	79.07M
Cash at End	15.23M	17.52M	42.92M	106.61M	83.31M	87.02M	72.73M	222.33M	79.07M	40.48M
Free Cash Flow+	-273.65M	-94.76M	-152.52M	-176.02M	-40.64M	3.5M	-135.24M	-45.39M	-31.05M	1.09M
FCF Growth %	-1.05%	0.65%	-0.61%	-0.15%	0.77%	1.09%	-39.66%	0.66%	0.32%	1.04%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.29	1.36	1.11	11.76	-0.02	1.72	1.14	23.93	1.15	-0.15
FFO Payout Ratio	6.25%	5.23%	6.41%	0.46%	0%	0%	0%	0%	0%	0%
NOI Margin	48.17%	47.39%	49.22%	50.74%	56.44%	58.73%	50.38%	51.15%	44.76%	42.81%
Net Debt / EBITDA	28.48x	21.70x	22.45x	11.06x	44.20x	37.17x	-	101.92x	43.81x	29.37x
Debt / Assets	72.02%	72.44%	77.93%	53.34%	87.04%	83.55%	72.19%	42.19%	17.85%	17.95%
Interest Coverage	0.12x	0.25x	0.26x	0.21x	-0.01x	-0.00x	-0.88x	-0.53x	-1.18x	-0.85x
Book Value / Share	11.71	11.35	10.69	19.23	18.54	20.59	20.86	50.28	50.55	49.67
Revenue Growth	31.2%	14.85%	5.48%	-4.17%	-51.23%	0.06%	-28.78%	-10.69%	34.51%	-6.3%

Revenue by Segment

	2020	2021	2022	2023	2024
Residential	-	-	-	-	34.1M
Residential Growth	-	-	-	-	-
Commercials	37.22M	23.31M	16.25M	14.41M	12.97M
Commercials Growth	-	-37.37%	-30.29%	-11.30%	-10.05%
Multifamily	14.69M	14.49M	17.83M	32.61M	-
Multifamily Growth	-	-1.30%	22.99%	82.90%	-

Frequently Asked Questions

Growth & Financials

American Realty Investors, Inc. (ARL) reported $49.0M in revenue for fiscal year 2024. This represents a 59% decrease from $118.4M in 2011.

American Realty Investors, Inc. (ARL) saw revenue decline by 6.3% over the past year.

Yes, American Realty Investors, Inc. (ARL) is profitable, generating $5.8M in net income for fiscal year 2024 (-31.1% net margin).

Dividend & Returns

American Realty Investors, Inc. (ARL) has a return on equity (ROE) of -1.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics

American Realty Investors, Inc. (ARL) generated Funds From Operations (FFO) of $17.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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American Realty Investors, Inc. (ARL) 10-Year Financial Performance & Capital Metrics

ARL • • REIT / Real Estate

Real EstateReal Estate DevelopmentIndustrial & Commercial Property DevelopmentMultifamily & Commercial Property Developers

Revenue $47M -6.3%
FFO -$2M -113.1%
FFO/Share -0.15 -113.1%
FFO Payout 0%
FFO per Share -0.15 -113.1%
NOI Margin 42.81% -4.4%
FFO Margin -5.13% -114.0%
ROE -1.82% -472.8%
ROA -1.43% -500.3%
Debt/Assets 17.95% +0.6%
Net Debt/EBITDA 29.37 -33.0%
Book Value/Share 49.67 -1.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 21.2%
✓FFO growing 691.8% TTM
✓Trading near 52-week high
✓Trading at only 0.3x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-5.05%

5Y-4.31%

3Y4.02%

TTM-0.58%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM134.56%

EPS CAGR

10Y-

5Y-

3Y-

TTM135.03%

ROCE

10Y Avg-0.06%

5Y Avg-1.08%

3Y Avg-0.9%

Latest-0.66%

Peer Comparison

Multifamily & Commercial Property Developers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OZBelpointe PREP, LLC	202.79M	53.49	-8.14	18.68%	-5.07%	-12.89%		0.59
ARLAmerican Realty Investors, Inc.	263.6M	16.32	-17.93	-6.3%	11.74%	-1.82%	0.41%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	104.19M	119.66M	126.22M	120.96M	58.99M	59.03M	42.04M	37.54M	50.5M	47.32M
Revenue Growth %	0.31%	0.15%	0.05%	-0.04%	-0.51%	0%	-0.29%	-0.11%	0.35%	-0.06%
Property Operating Expenses	54M	62.95M	64.09M	59.59M	25.69M	24.36M	20.86M	18.34M	27.9M	27.06M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	38.58M	42.08M	44.7M	47.48M	33.68M	34.78M	41.8M	28.47M	33.84M	26.9M
G&A Expenses	16.67M	18.04M	18.77M	24.81M	19.95M	20.02M	29.93M	18.79M	20.2M	14.62M
EBITDA+	27.73M	38.42M	43.11M	36.55M	15.2M	18.47M	-5.59M	3.84M	3.33M	5.63M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	21.42M	23.79M	25.68M	22.67M	15.59M	18.58M	15.03M	13.11M	14.57M	12.28M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	6.31M	14.63M	17.43M	13.88M	-390K	-112K	-20.62M	-9.27M	-11.24M	-6.64M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	52.48M	59.36M	66.17M	66.06M	39.86M	35M	23.42M	17.53M	9.5M	7.84M
Interest Coverage	0.12x	0.25x	0.26x	0.21x	-0.01x	-0.00x	-0.88x	-0.53x	-1.18x	-0.85x
Non-Operating Income	-42.5M	-42.37M	-40.05M	-207.09M	-18.51M	-46.24M	-49.41M	-600.22M	-27.45M	0
Pretax Income+	-3.67M	-2.36M	-8.7M	183.9M	-21.74M	11.12M	5.38M	573.42M	6.71M	-17.05M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	517K	46K	180K	1.21M	0	-147K	-1.07M	98.11M	1.46M	-3.61M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-1.96M	-2.73M	-8.43M	173.7M	-15.96M	9.03M	3.35M	373.35M	3.97M	-14.7M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.06%	-0.39%	-2.09%	21.6%	-1.09%	1.57%	-0.63%	110.55%	-0.99%	-4.71%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.6%	0.08%	-0.18%	10.39%	-1%	75.62%	-0.33%	20.03%	-0.95%	-1.13%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	-0.22	-0.25	-0.61	10.40	-1.00	0.56	0.21	23.11	0.25	-0.91
EPS Growth %	-1.1%	-0.14%	-1.44%	18.05%	-1.1%	1.56%	-0.63%	109.05%	-0.99%	-4.64%
EPS (Basic)	-0.22	-0.25	-0.61	10.87	-1.00	0.56	0.21	23.11	0.25	-0.91
Diluted Shares Outstanding	15.11M	15.51M	15.51M	16.7M	16M	16.05M	16.15M	16.15M	16.15M	16.15M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	1.12B	1.17B	1.3B	826.15M	830.64M	865.76M	770.57M	1.2B	1.02B	1.03B
Asset Growth %	0.16%	0.05%	0.1%	-0.36%	0.01%	0.04%	-0.11%	0.55%	-0.15%	0.01%
Real Estate & Other Assets+	46.16M	60.66M	189.06M	152.84M	450.59M	458.36M	383.01M	574.68M	601.22M	664.53M
PP&E (Net)	853.51M	901.01M	862.32M	294.25M	0	0	0	0	0	0
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Current Assets+	209.33M	207.16M	238.94M	303.05M	312.39M	346.98M	325.94M	594.57M	412.2M	358.02M
Cash & Equivalents	15.23M	17.52M	42.92M	36.43M	51.23M	36.81M	50.75M	113.44M	36.74M	19.92M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	45.71M	38.4M	0	70.19M	32.08M	50.21M	21.99M	108.88M	42.33M	20.56M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Total Liabilities	940.48M	998.78M	1.13B	505.02M	534.13M	535.36M	433.72M	385.31M	206.97M	230.53M
Total Debt+	804.76M	851.1M	1.01B	440.64M	722.97M	723.31M	556.24M	505.23M	182.68M	185.4M
Net Debt	789.53M	833.57M	967.58M	404.22M	671.75M	686.5M	505.49M	391.78M	145.94M	165.48M
Long-Term Debt	804.76M	851.1M	1.01B	440.64M	473.12M	480.6M	372.84M	317.22M	182.68M	185.4M
Short-Term Borrowings	0	0	0	0	1000K	1000K	1000K	1000K	0	0
Capital Lease Obligations	0	2.21M	2.21M	5K	0	0	0	0	0	0
Total Current Liabilities+	44.38M	56.3M	43M	30.47M	36.24M	34.94M	51.08M	58.3M	14.5M	35.34M
Accounts Payable	44.38M	56.3M	39.37M	25.58M	29.01M	27.3M	44.52M	53.1M	11.87M	32.1M
Deferred Revenue	91.34M	91.38M	77.33M	33.9M	0	0	0	0	0	0
Other Liabilities	-46.95M	-35.08M	0	-3.43M	0	0	0	0	0	0
Total Equity+	176.89M	176.13M	165.88M	321.13M	296.52M	330.41M	336.85M	812.17M	816.51M	802.27M
Equity Growth %	-0.02%	-0%	-0.06%	0.94%	-0.08%	0.11%	0.02%	1.41%	0.01%	-0.02%
Shareholders Equity	122.96M	121.88M	112.07M	258.32M	239.5M	236.79M	240.14M	613.49M	617M	601.82M
Minority Interest	53.93M	54.25M	53.81M	62.8M	57.02M	93.61M	96.71M	198.68M	199.51M	200.45M
Common Stock	156K	159K	159K	164K	164K	162K	162K	162K	162K	162K
Additional Paid-in Capital	109.86M	111.51M	110.14M	84.89M	78.42M	62.09M	62.09M	62.09M	61.64M	61.16M
Retained Earnings	17.13M	14.4M	5.97M	179.67M	163.71M	172.74M	176.09M	549.43M	553.4M	538.7M
Preferred Stock	2.21M	2.21M	2.21M	5K	3.6M	1.8M	1.8M	1.8M	1.8M	1.8M
Return on Assets (ROA)	-0%	-0%	-0.01%	0.16%	-0.02%	0.01%	0%	0.38%	0%	-0.01%
Return on Equity (ROE)	-0.01%	-0.02%	-0.05%	0.71%	-0.05%	0.03%	0.01%	0.65%	0%	-0.02%
Debt / Assets	0.72%	0.72%	0.78%	0.53%	0.87%	0.84%	0.72%	0.42%	0.18%	0.18%
Debt / Equity	4.55x	4.83x	6.09x	1.37x	2.44x	2.19x	1.65x	0.62x	0.22x	0.23x
Net Debt / EBITDA	28.48x	21.70x	22.45x	11.06x	44.20x	37.17x	-	101.92x	43.81x	29.37x
Book Value per Share	11.71	11.35	10.69	19.23	18.54	20.59	20.86	50.28	50.55	49.67

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-34.51M	17.45M	-37.34M	-172.33M	-40.64M	3.5M	-11.52M	-45.39M	-31.05M	1.09M
Operating CF Growth %	0.09%	1.51%	-3.14%	-3.61%	0.76%	1.09%	-4.29%	-2.94%	0.32%	1.04%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-3.29M	-2.41M	-8.88M	182.69M	-21.74M	11.27M	6.45M	475.32M	3.97M	-13.44M
Depreciation & Amortization	21.42M	23.79M	25.68M	22.67M	13.38M	18.58M	15.03M	13.11M	14.57M	12.53M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-12.91M	-14.48M	-16.77M	-165.06M	9.66M	-20.37M	-29.82M	-571.75M	2.27M	23.97M
Working Capital Changes	-39.73M	10.55M	-37.38M	-212.64M	-41.93M	-5.98M	-3.17M	37.93M	-51.87M	-21.97M
Cash from Investing+	-130.35M	-61.1M	-90.03M	147.63M	-3.71M	4.2M	100.82M	307.36M	26.81M	-41.34M
Acquisitions (Net)	3.75M	5.3M	-267K	236.75M	0	0	-411K	0	0	0
Purchase of Investments	-224.37M	-114.89M	-113.46M	-91.92M	-58.59M	-50.52M	-16M	-277.64M	-91.01M	-59.1M
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	105.05M	45.81M	25.42M	-89.13M	6.5M	5.48M	117.23M	409.75M	-2.53M	-51.99M
Cash from Financing+	167.79M	45.94M	152.77M	42.78M	21.04M	-3.98M	-103.58M	-112.38M	-139.02M	1.66M
Dividends Paid	-1.22M	-1.1M	-1.1M	-901K	0	0	0	0	0	0
Common Dividends	0	0	0	-900K	0	0	0	0	0	0
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K
Share Repurchases	0	0	0	-9M	0	0	0	0	-908K	-802K
Other Financing	-6.72M	841K	-10.49M	-5.26M	-8.04M	0	-4.09M	-1.35M	-455K	-199K
Net Change in Cash+	2.93M	2.29M	25.4M	18.08M	-23.3M	3.71M	-14.29M	149.59M	-143.26M	-38.59M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	12.3M	15.23M	17.52M	88.54M	106.61M	83.31M	87.02M	72.73M	222.33M	79.07M
Cash at End	15.23M	17.52M	42.92M	106.61M	83.31M	87.02M	72.73M	222.33M	79.07M	40.48M
Free Cash Flow+	-273.65M	-94.76M	-152.52M	-176.02M	-40.64M	3.5M	-135.24M	-45.39M	-31.05M	1.09M
FCF Growth %	-1.05%	0.65%	-0.61%	-0.15%	0.77%	1.09%	-39.66%	0.66%	0.32%	1.04%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.29	1.36	1.11	11.76	-0.02	1.72	1.14	23.93	1.15	-0.15
FFO Payout Ratio	6.25%	5.23%	6.41%	0.46%	0%	0%	0%	0%	0%	0%
NOI Margin	48.17%	47.39%	49.22%	50.74%	56.44%	58.73%	50.38%	51.15%	44.76%	42.81%
Net Debt / EBITDA	28.48x	21.70x	22.45x	11.06x	44.20x	37.17x	-	101.92x	43.81x	29.37x
Debt / Assets	72.02%	72.44%	77.93%	53.34%	87.04%	83.55%	72.19%	42.19%	17.85%	17.95%
Interest Coverage	0.12x	0.25x	0.26x	0.21x	-0.01x	-0.00x	-0.88x	-0.53x	-1.18x	-0.85x
Book Value / Share	11.71	11.35	10.69	19.23	18.54	20.59	20.86	50.28	50.55	49.67
Revenue Growth	31.2%	14.85%	5.48%	-4.17%	-51.23%	0.06%	-28.78%	-10.69%	34.51%	-6.3%

Revenue by Segment

	2020	2021	2022	2023	2024
Residential	-	-	-	-	34.1M
Residential Growth	-	-	-	-	-
Commercials	37.22M	23.31M	16.25M	14.41M	12.97M
Commercials Growth	-	-37.37%	-30.29%	-11.30%	-10.05%
Multifamily	14.69M	14.49M	17.83M	32.61M	-
Multifamily Growth	-	-1.30%	22.99%	82.90%	-

Frequently Asked Questions

Growth & Financials

American Realty Investors, Inc. (ARL) reported $49.0M in revenue for fiscal year 2024. This represents a 59% decrease from $118.4M in 2011.

American Realty Investors, Inc. (ARL) saw revenue decline by 6.3% over the past year.

Yes, American Realty Investors, Inc. (ARL) is profitable, generating $5.8M in net income for fiscal year 2024 (-31.1% net margin).

Dividend & Returns

American Realty Investors, Inc. (ARL) has a return on equity (ROE) of -1.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics

American Realty Investors, Inc. (ARL) generated Funds From Operations (FFO) of $17.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.