Revenue rose to $12.9 million and occupancy reached 81% at June 30, 2026, but lease-up costs at development properties pushed the Dallas-based real estate investor from profit to loss.
American Realty Investors reported a net loss attributable to common shares of $1.0 million, or $0.06 per share, for the three months ended June 30, 2026, compared with net income attributable to common shares of $2.8 million, or $0.18 per share, a year earlier. Revenue increased to $12.9 million from $12.2 million, helped by higher multifamily and commercial income, while total occupancy stood at 81%, including 93% at multifamily properties and 58% at commercial properties. The company said the shift to a loss was driven mainly by a $1.5 million increase in net operating loss and a $1.6 million decline in interest income, net, partly offset by a $1.3 million decrease in tax provision. It also sold 21 lots at Windmill Farms for $1.0 million, generating a gain on sale of $0.8 million.