American Realty Investors(ARL)2025-03-20 17:46Financial Performance - For Q4 2024, American Realty Investors, Inc. reported a net loss attributable to common shares of $0.2 million or $0.01 per diluted share, a significant improvement from a net loss of $2.1 million or $0.13 per diluted share in Q4 2023[2][8]. - Total revenue for Q4 2024 was $12.0 million, down from $14.0 million in Q4 2023[11]. - Net operating loss decreased by $0.4 million from $2.2 million in Q4 2023 to $1.8 million in Q4 2024, attributed to a $2.4 million decrease in operating expenses[5]. - Operating expenses decreased from $16.2 million in Q4 2023 to $13.8 million in Q4 2024[11]. - The company reported interest income of $3.9 million in Q4 2024, compared to $1.6 million in Q4 2023[11]. Revenue and Occupancy - Rental revenues decreased by $1.6 million from $12.8 million in Q4 2023 to $11.2 million in Q4 2024, primarily due to a decrease in occupancy at commercial properties[4]. - Total occupancy was 81% as of December 31, 2024, with multifamily properties at 94% and commercial properties at 53%[7]. Legal and Financial Transactions - A settlement of $23.4 million was paid to resolve ongoing litigation, resulting in an accrued loss on real estate transactions of $23.4 million for the period[7]. - The company sold 30 single-family lots for $1.4 million, resulting in a gain on sale of $1.1 million[7]. Development Projects - A $27.5 million construction loan was obtained for the development of a 234-unit multifamily property in Dallas, expected to be completed in 2026[7].