American Realty Investors, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 12, 2026, reporting a net loss attributable to common shares for both the three- and nine-month periods ended that date.

Key Highlights

  • Net loss attributable to common shares: $(702) thousand for the three months ended September 30, 2026, compared to net income of $129 thousand in the same period of 2025, according to the filing.
  • Nine-month net loss: $(2,263) thousand attributable to common shares for the nine months ended September 30, 2026, versus net income of $5,921 thousand for the same period in 2025, the filing disclosed.
  • Total revenue: $13,906 thousand for Q3 2026, up from $12,835 thousand in Q3 2025, driven by rental revenues of $13,288 thousand, the filing reported.
  • Total assets: $1,093,148 thousand as of September 30, 2026, compared to $1,097,325 thousand at December 31, 2025, per the balance sheet.
  • Shares outstanding: 16,152,043 shares of common stock as of November 12, 2026, the filing stated.
  • Earnings per share: $(0.04) basic and diluted for Q3 2026, compared to $0.01 for Q3 2025, according to the filing.

American Realty Investors Q3 2026 Financial Results: Revenue Up, Losses Widen Year Over Year

According to the Form 10-Q filed on NYSE:ARL, American Realty Investors, Inc. reported total revenue of $13,906 thousand for the three months ended September 30, 2026, an increase from $12,835 thousand in the comparable 2025 quarter. Rental revenues, which the company disclosed included $153 thousand from related parties in Q3 2026, rose to $13,288 thousand from $11,919 thousand in Q3 2025. Despite higher revenues, total operating expenses increased to $16,476 thousand from $14,408 thousand, resulting in a net operating loss of $(2,570) thousand for the quarter, compared to $(1,573) thousand in Q3 2025.

The filing disclosed that interest expense rose to $2,354 thousand in Q3 2026 from $1,691 thousand in Q3 2025, while interest income declined to $3,548 thousand from $4,099 thousand. A gain on sale or write down of assets, net, of $822 thousand was recorded in Q3 2026. For the nine months ended September 30, 2026, the company reported a net loss of $(2,492 thousand), compared to net income of $7,147 thousand for the same period in 2025. The advisory fee paid to a related party totaled $6,333 thousand for the nine months ended September 30, 2026, per the filing.

On the balance sheet, the company reported total assets of $1,093,148 thousand and total liabilities of $280,225 thousand as of September 30, 2026. Mortgages and other notes payable stood at $221,657 thousand, up from $214,367 thousand at December 31, 2025. Notes receivable included $62,569 thousand from related parties as of September 30, 2026. The filing also disclosed that during the nine months ended September 30, 2026, the company made purchases of TCI shares totaling $3,887 thousand and IOR shares totaling $425 thousand, reflected in noncontrolling interests.

What Was Disclosed

American Realty Investors, Inc. filed its quarterly report covering the period ended September 30, 2026, disclosing a net loss attributable to common shares, increased operating expenses, rising mortgage obligations, and several related-party transactions across revenues, expenses, notes receivable, and advisory fees.