American realty investors inc (ARL)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Rental and other property revenues (including $221 and $113 for the three months ended 2020 and 2019, respectively, from related parties)

11,918

12,258

11,943

11,840

11,929

24,857

33,409

31,607

31,083

-

31,807

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenses:
Rental and other property revenues (including $208 and $199 for the three months and $415 and $389 for the six months ended 2018 and 2017, respectively, from related parties)

-

-

-

-

-

-

-

-

-

-

-

31,587

31,822

-

30,067

30,834

29,205

28,965

27,826

24,241

23,156

21,427

19,326

19,500

19,159

40,797

19,530

20,402

20

81,765

27

27

28

-57,173

29

29,306

27,918

32,406

36,548

Property operating expenses (including $242 and $257 for the three months ended 2020 and 2019, respectively, from related parties)

6,310

6,491

5,883

7,323

5,997

13,668

15,945

15,550

14,424

16,994

15,403

15,429

16,265

16,872

15,671

15,191

15,216

16,534

14,499

11,301

11,668

-

10,766

9,983

-

-

-

-

-

-

-

-

-

-

15

15,407

15,919

19,446

23,306

Property operating expenses (including $171 and $178 for the three months and $484 and $550 for the nine months ended 2014 and 2013, respectively, from related parties)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,387

-

-

-

-

-

-

-

-

-

-

-

-

Property operating expenses (including $158 and $169 for the three months and $313 and $372 for the six months ended 2014 and 2013, respectively, from related parties)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,416

9

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

6,373

6,409

6,330

6,062

6,025

5,868

5,830

-

-

-

-

-

-

-

-

7,566

4,053

4,331

3

-

-

-

-

-

-

-

-

-

-

Property operating expenses (including $204 and $234 for the three months and $629 and $753 for the nine months ended 2013 and 2012 respectively from related parties)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

-

-

-

-

-

-

-

-

Property operating expenses (including $194 and $244 for the three months and $424 and $509 for the six months ended 2013 and 2012 respectively from related parties)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

-

-

-

-

-

-

-

Property operating expenses (including $269 and $306 for the three months ended 2013 and 2012 respectively from related parties)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,569

5,137

4,704

-

-

-

-

-

-

-

-

-

5

4

5

-

-

-

-

-

-

Property operating expenses (including $162 and $155 for the three months ended 2015 and 2014, respectively, from related parties)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,928

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

3,394

3,415

3,416

3,439

3,109

2,902

6,873

6,504

6,391

-

-

-

-

-

-

-

-

-

-

-

-

-

4,463

4,323

4,313

-

-

-

-

-

-

-

-

-

5

4,958

5,282

6,173

6,780

General and administrative (including $1,133 and $1,597 for the three months ended 2020 and 2019, respectively, from related parties)

2,795

4,060

2,669

4,127

2,480

5,351

2,062

2,954

2,341

1,899

1,766

1,995

2,031

922

1,760

2,412

2,025

1,679

1,417

1,596

2,201

3,513

1,590

3,195

1,984

4,008

1,867

2,041

2

6,031

1

0

2

-6,924

3

3,692

3,242

2,180

2,701

Franchise taxes and other expenses

1,496

-

-

-

125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income fee to related party

86

84

83

90

100

142

383

53

53

60

53

77

60

64

67

54

72

-75

232

45

290

-

-186

210

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision on impairment of notes receivable and real estate assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,125

800

0

2,330

0

0

0

-5,579

0

444

5,178

-

-

Net income fee to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

490

-

55

-48

0

-

-

-

-

-

-

-

-

-

-

Advisory fee to related party

2,287

1,763

1,758

1,238

1,853

2,654

2,936

2,929

2,956

2,772

2,802

2,849

2,659

2,744

2,749

2,687

2,738

2,150

3,024

2,309

2,292

2,274

2,225

2,202

2,242

5,092

2,584

2,487

2

10,174

2

2

2

-

3

-

-

-

-

Total operating expenses

16,368

-

-

-

13,664

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advisory fee to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,462

3,522

3,972

3,993

Total operating expenses

-

15,688

13,809

16,217

-

24,717

28,199

27,990

26,165

28,292

26,397

26,759

27,345

26,664

26,272

26,212

25,881

30,596

25,741

20,388

21,155

24,883

18,858

19,913

18,957

57,213

20,071

19,123

18

73,533

22

21

24

-61,007

28

27,963

33,143

31,771

36,780

Net operating loss

-4,450

-3,430

-1,866

-4,377

-1,735

140

5,210

3,617

4,918

2,713

5,410

4,828

4,477

2,893

3,795

4,622

3,324

-1,631

2,085

3,853

2,001

-3,456

468

-413

202

-16,415

-541

1,279

1

8,232

5

5

3

3,834

1

1,343

-5,225

635

-232

Other income (expenses):
Interest income (including $5,406, $16,298 and $18,864 for the year ended 2018, 2017 and 2016, respectively, from related parties)

-

-

-

-

-

-

-

-

-

-

4,232

5,059

4,792

4,662

5,712

4,788

5,291

2,952

3,950

4,535

5,237

4,790

5,106

6,041

4,117

19,175

3,778

-3,512

3

-

2

-

-

-

-

-

-

-

-

Interest income (including $5,031 and $5,881 for the three months ended 2020 and 2019, respectively, from related parties)

5,754

6,441

6,856

6,505

6,153

5,944

5,710

4,882

5,109

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

3

-

1

1,203

668

997

1,326

Other income

1,212

2,699

1,288

3,364

3,667

805

18,750

7,537

1,901

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

190

-116

1,443

639

252

902

298

67

-72

14

4,097

-322

1,332

232

173

10,250

59

-149

2

-

1

2

-

-

-

551

1,214

641

1,023

Other income (including $0 and $1,500 for the three months ended 2013 and 2012 respectively from related parties)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

0

-

-

-

-

Mortgage and loan interest (including $1,915 and $2,307 for the three months ended 2020 and 2019, respectively, from related parties)

9,602

10,064

10,420

9,408

9,968

17,010

17,422

15,907

15,724

16,311

15,717

17,347

16,796

15,811

15,362

13,975

14,214

17,863

15,026

9,794

9,794

29,351

9,901

9,693

-8,119

57,534

-9,130

-9,285

-9

-38,187

-10

-12

-13

30,075

-13

-15,439

-14,666

16,479

20,276

Loss on the sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-0

-

0

0

-

-

-

Foreign currency transaction (loss) gain

7,843

-1,812

-5,153

-2,325

-5,818

6,042

-1,288

5,889

1,756

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

906

Loss on extinguishment of debt

-

-

-5,219

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity loss from VAA

-376

-

-189

-236

-1,055

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency transaction gain (loss)

-

-

-

-

-

-

-

-

-

-

1,906

-3,425

-323

-

-

-

-

-

-

-

-

-

-

-

-

-7

-275

0

-0

-

-

-

-

-

-

-

0

-

-

Deferred borrowing costs amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-938

-

-247

31

-2

-

0

-1

-

-

-

-

-

-

-

Deferred borrowing costs amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-

-

-

-

-

-

Loan charges and prepayment penalties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,850

-

1,044

-

-1,582

5,789

-49

-180

-3

-3,567

-0

-3

-2

-

-

-

-

-

-

Earnings from unconsolidated subsidiaries and investees

116

116

114

173

58

667

205

277

320

60

41

153

55

63

146

129

155

151

81

151

45

-

320

-124

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-71

Earnings from unconsolidated subsidiaries and investees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70

-

69

-25

0

371

0

0

0

73

-0

22

-95

-

-

Litigation settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-85

-45

-73

-76

-86

-86

3,839

-17,516

-2,739

-57

-0

-

-

-

-

-

-

-

-

-

-

Gain on foreign currency translation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11

-

Total other income (expenses)

4,947

-3,914

-12,723

-1,927

-6,963

-3,508

5,955

2,678

-6,638

-11,853

-9,348

-15,676

-10,829

-10,447

-9,252

-8,156

-8,470

-12,993

-11,152

-5,139

-2,338

-

-4,273

-3,630

-

-

-

-

-

-

-

-

-

-

-

-13,663

-12,879

-14,855

-17,092

Gain on sale of income-producing properties

-

-

-

-

-

-

-

-

-

-

12,760

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of income producing properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

5,168

-244

-7,861

1,958

3,027

2,876

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of income producing properties

-

-

-

-

-

-

-

-

-

-

12,760

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on land sales

-

-

-

-

-

-

-

-

-

-

1,062

-476

445

-

555

1,719

1,652

-

735

-

-

-

40

-159

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation Settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-

-

-

-

-

-

-

-

Total other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,440

-

-8,534

5,741

-9

-19,991

-6

-10

-12

-

-12

-

-

-

-

Income (loss) before gain on land sales, non-controlling interest, and taxes

497

-7,344

-14,589

-6,304

-8,698

-3,368

11,165

6,295

-1,720

-22,931

9,884

-11,324

-5,907

4,332

-4,902

3,353

-5,146

7,024

-9,067

-1,286

-337

-8,624

-3,805

-4,043

-2,238

-37,395

-9,075

-4,462

-7

-11,758

-1

-5

-8

30,357

-11

-12,320

-18,104

-14,220

-17,324

Gain on land sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

753

-

598

0

-0

5,468

2

4

-1

-

-0

-

-

-

-

Gain on land sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,029

5,344

-

-

Gain on sale of income-producing properties

-

-

-

-80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-72

-4,121

Income (loss) before gain on formation of joint venture, gain on land sales, non-controlling interest, and taxes

-

-

-

-

-

-

-

-

-

-

-3,938

-10,848

-6,352

-8,962

-5,457

-3,534

-3,738

-23,220

-6,374

1,741

2,539

-8,697

-3,765

-4,202

-1,485

-38,448

-8,477

-4,462

-7

-

-

-

-9

11,019

-12

1,709

-12,760

-14,292

-21,445

Gain on disposition of 50% interest in VAA

-

-

-

-

-

154,126

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on land sales

4,138

5,400

5,139

2,517

2,216

3,826

12,243

0

1,335

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) from continuing operations before taxes

4,635

-1,944

-9,450

-3,867

-6,482

154,584

23,408

6,295

-385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-0

-

-

-

-

-

-

-

State inncome tax expense

247

-418

-

-

-

-418

792

-

-

-

-

-

-

1

46

0

-1

624

-16

12

-103

-

-786

-2,195

-

-35,700

402

-5,217

2

-146

-0

2

0

-2,416

2

1,942

485

1,099

-1,454

Income tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,049

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) from continuing operations

4,388

-1,944

-9,450

-3,867

-6,482

154,166

22,616

6,295

-385

-1,529

9,884

-11,324

-5,907

2,923

-4,948

3,353

-3,737

-2,196

-6,358

1,729

2,642

6,686

-2,979

-2,007

564

-3,557

-8,075

755

-4

-6,436

1

1

-8

8,690

-97

3,651

-12,275

-15,391

-19,991

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

0

0

3

338

47

-34

293

-3,103

477

-732

-199

-487

1,021

-3,168

0

-9,298

-1

1

1

4,860

-0

-2,130

-2,750

-3,480

-1,507

Gain on sale of real estate from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,770

7,003

-

-

-

-

-

-

-

-

-

-

-

-

-

6,619

5,660

Gain on sale of real estate from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,053

-

127

18,074

7

8,876

0

4

3

-11,767

8

7,679

4,137

-

-

Income tax expense from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

0

0

1

376

16

-12

103

19,481

786

2,195

-2,049

28,898

-402

5,217

-2

146

0

-2

-0

2,416

-2

-1,942

-485

-1,099

1,454

Net income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

0

0

2

697

31

-22

190

-

1,461

4,076

-

-

-

-

-

-

-

-

-1

-4,489

5

3,607

902

4,238

2,699

Net income (loss)

4,388

-1,944

-9,450

-3,867

-6,482

154,166

22,616

6,295

-385

-1,529

9,884

-11,324

-5,907

2,920

-4,948

3,353

-3,735

-1,499

-6,327

1,707

2,832

-

-1,518

2,069

-

-

-

10,444

-0

-

-

-

-7

-4,002

-4

13,820

-9,820

-11,153

-17,292

Preferred dividend requirement

-

-

-

-

-

226

-

-

-

-

275

275

275

276

275

53

497

276

275

275

390

-

428

613

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,258

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,373

-

-

Net (income) loss attributable to non-controlling interest

1,442

-2,482

-1,879

-1,089

-335

6,012

2,265

441

275

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

903

2,090

0

-

-

-

1

-9,342

4

7,175

2,170

-2,140

-3,543

Net (income) loss attributable to non-controlling interest

-

-

-

-

-

-6,012

-

-

-

-

522

-435

-193

1,182

-1,194

864

-530

-195

-1,164

540

-508

9,756

-200

551

-819

-

-

-

-

-

-0

-1

-

-

-

-

-

-

-

Net income (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-

-

-

-

-

-

-

-

Net income (loss) attributable to American Realty Investors, Inc.

2,946

538

-7,571

-2,778

-6,147

148,154

20,351

5,854

-660

-1,190

9,362

-10,889

-5,714

1,738

-3,754

2,489

-3,205

-1,304

-5,163

1,167

3,340

26,316

-1,318

1,518

4,369

-

-7,329

-

-

-

0

5

-

-

0

-

-

-9,013

-13,749

Loss from continuing operations,

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,105

-

-

Income from discontinued operations,

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

902

-

-

Net income attributable to American Realty Investors, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,550

-

-6,426

8,354

0

-5,583

0

4

-6

-5,230

0

14,433

-9,203

-

-

Net loss attributable to American Realty Investors, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,203

-

-

Preferred dividend requirement

-

-

-

-

-

226

225

225

225

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-613

-

-613

613

-0

-2,450

-0

-0

-0

1,228

-0

-613

-617

626

622

Net income (loss) applicable to common shares

2,946

538

-7,571

-2,778

-6,147

147,928

20,126

5,629

-885

-1,470

9,087

-11,164

-5,989

1,462

-4,029

2,436

-3,702

-1,580

-5,438

892

2,950

26,746

-1,746

905

2,937

38,122

-7,039

7,741

-0

-8,034

-0

4

-6

-

-0

-

-

-9,639

-14,371

(Loss) earnings per share - basic
Net income (loss) per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average common shares used in computing earnings per share basic and diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,514

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) from continuing operations (in dollars per share)

0.27

-0.12

-0.59

-0.17

-0.41

9.26

1.46

0.35

-0.06

-0.05

0.59

-0.72

-0.39

-

-

-

-

-0.14

-0.35

0.06

0.16

-0.11

-0.24

-0.28

-0.08

-0.77

-0.68

-0.17

-0.45

0.02

0.03

-0.01

-0.71

-1.78

-0.48

0.89

-0.93

-1.21

-1.48

Income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.05

0.00

0.00

0.01

2.20

0.11

0.35

0.33

4.10

0.06

0.84

0.43

-0.47

-0.03

0.36

0.12

1.28

0.45

0.31

0.07

0.37

0.23

Net income (loss) applicable to common shares (in dollars per share)

0.18

0.03

-0.47

-

-0.38

-

1.30

-

-

-

-

-

-

-

-

0.16

-0.24

-

-0.35

0.06

0.17

2.09

-0.13

0.07

0.25

3.33

-0.62

0.67

-0.02

-0.45

0.00

0.35

-0.59

-

-0.03

-

-0.86

-0.84

-1.25

(Loss) earnings per share - diluted
Net income (loss) from continuing operations (in dollars per share)

0.27

-0.12

-0.59

-0.17

-0.41

9.26

1.36

0.34

-0.06

-0.05

0.59

-0.72

-0.39

-

-

-

-

-0.13

-0.35

0.05

0.16

-0.11

-0.24

-0.28

-0.08

-0.77

-0.68

-0.17

-0.45

0.02

0.03

-0.01

-0.71

-1.48

-0.48

0.59

-0.93

-1.21

-1.48

Income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.05

0.00

0.00

0.01

2.20

0.11

0.35

0.33

4.10

0.06

0.84

0.43

-0.47

-0.03

0.36

0.12

1.38

0.45

0.21

0.07

0.37

0.23

Net income (loss) applicable to common shares (in dollars per share)

0.18

0.03

-0.47

-

-0.38

-

1.21

-

-

-

-

-

-

-

-

0.16

-0.24

-0.08

-0.35

0.05

0.17

2.09

-0.13

0.07

0.25

3.33

-0.62

0.67

-0.02

-0.45

0.00

0.35

-0.59

-0.10

-0.03

0.80

-0.86

-0.84

-1.25

Weighted average common shares used in computing earnings per share (in shares)

15,997

15,997

15,997

15,997

15,997

15,997

15,514

15,997

15,938

15,514

15,514

15,514

15,514

-

-

15,514

15,514

15,535

15,514

15,367

14,027

-11,499,798

13,619

11,525

11,525,389

-11,502,338

11,525,389

11,525

11,525

-

11,525

11,525

-

-

-

-

11,493

-

-

Weighted average common share used in computing earnings per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,525

-

11,525

11,525

-

11,485

11,510

Weighted average common shares used in computing diluted earnings per share (in shares)

15,997

15,997

15,997

15,997

15,997

15,997

16,598

16,682

15,938

15,514

15,514

15,514

15,514

-

-

15,514

15,514

9,659

15,514

17,844

17,426

-11,499,798

13,619

11,525

11,525,389

-11,502,338

11,525,389

11,525

11,525

46,066,979

11,525

11,525

11,525

5,656

11,525

17,394

11,493

11,485

11,510

Amounts attributable to American Realty Investors, Inc.
Net income (loss) from continuing operations

4,388

-3,033

-9,450

-2,778

-6,482

154,882

22,616

5,854

-660

-1,635

9,362

-10,889

-5,714

1,741

-3,754

2,489

-3,207

-2,001

-5,194

1,189

3,150

-

-2,779

-2,558

-

-

-

-

-

-

-

-

-

-

-

10,826

-

-13,251

-16,448

Net (loss) income applicable to common shares

2,946

538

-

-

-6,147

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

0

0

2

697

31

-22

190

28,567

1,461

4,076

3,805

52,166

746

9,689

4

-273

-0

4

1

-

5

3,607

-

4,238

2,699

Net income (loss) attributable to American Realty Investors, Inc.

2,946

538

-7,571

-2,778

-6,147

148,154

20,351

5,854

-660

-1,190

9,362

-10,889

-5,714

1,738

-3,754

2,489

-3,205

-1,304

-5,163

1,167

3,340

26,316

-1,318

1,518

4,369

-

-7,329

-

-

-

0

5

-

-

0

-

-

-9,013

-13,749

Net income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-255

-

-

-

-

-

-

-

-7

-

-4

-

-

-

-

Net income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,805

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income from discontinued operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,204

9,689

4

-

-0

4

1

-

5

3,607

-

4,238

2,699

Net income applicable to American Realty Investors, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,550

-

-

8,354

0

-5,583

0

4

-6

-

-

-

-

-

-

Net loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,172

-1,335

-4

-

0

0

-

-

-

-

-

-

-

Net income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

746

-

-

-

-

4

-

-

-

-

-

-

-

Net income (loss) applicable to American Realty Investors, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,426

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss).

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,433

-

-

-