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業績公告 即時報告 8-K 2026-08-06

美國房地產投資第二季轉虧100萬美元 收入增至1290萬美元

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AI 繁中摘要

American Realty Investors, Inc.（NYSE: ARL）於2026年8月6日公佈截至2026年6月30日止三個月（2026年第二季）業績，並以8-K表格提交。第二季由盈轉虧，錄得普通股股東應佔淨虧損約100萬美元，每股虧損0.06美元；相比之下，2025年同期錄得淨收入280萬美元，每股盈利0.18美元。📉 收入方面，第二季總收入為1,290萬美元，較去年同期的1,220萬美元增加70萬美元。增幅主要來自多戶型住宅物業（增加50萬美元）及商業物業（增加20萬美元），多戶型住宅收入上升是由於發展中物業逐步出租，商業物業則受惠於Stanford Center出租率改善。不過，營運虧損由去年同期的100萬美元擴大至250萬美元，主要因為出租中物業的營運開支增加160萬美元。💸 物業組合表現方面，截至2026年6月30日，整體出租率為81%，其中多戶型住宅出租率達93%，商業物業僅為58%。發展中物業方面，Alera、Bandera Ridge及Merano的出租率分別為86%、85%及77%。管理層未有提供明確展望，但從數據可見，公司正專注於發展中物業的租賃吸納，並繼續出售土地套現。期內從Windmill Farms出售21幅地皮，作價100萬美元，錄得80萬美元出售收益。🏢 再睇上半年表現，2026年首六個月普通股股東應佔淨虧損約156萬美元，每股虧損0.10美元；而2025年同期則錄得淨收入579萬美元，每股盈利0.36美元。收入由2,417萬美元微增至2,521萬美元，但營運開支上升及利息收入減少，導致業績明顯轉差。稅項撥備減少130萬美元，對業績略有支持。📊 是次業績公
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NEWS RELEASEContact:
American Realty Investors, Inc. Investor Relations
FOR IMMEDIATE RELEASEErik Johnson (469) 522-4200 [email protected]

American Realty Investors, Inc. reports Earnings for Q2 2026

DALLAS (August 6, 2026) -- American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the three months ended June 30, 2026. For the three months ended June 30, 2026, we reported net loss attributable to common shares of $1.0 million or $0.06 per share, compared to a net income attributable to common shares of $2.8 million or $0.18 per share for the same period in 2025. 

Financial Highlights

•Total occupancy was 81% at June 30, 2026, which includes 93% at our multifamily properties and 58% at our commercial properties.
•Occupancy for our Alera, Bandera Ridge and Merano (collectively, our “Development Properties”) at June 30, 2026 was 86%, 85% and 77%, respectively.
•During the three months ended June 30, 2026, we sold 21 lots from our holdings in Windmill Farms for $1.0 million, resulting in a gain on sale of $0.8 million.

Financial Results

Revenues increased $0.7 million from $12.2 million for the three months ended June 30, 2025 to $12.9 million for the three months ended June 30, 2026. The increase in revenue is primarily due to an increase of $0.5 million from our multifamily properties and $0.2 million from our commercial properties. The increase in revenue from our multifamily properties is due to the lease-up of our Development Properties and the increase from our commercial properties is primarily due to an increase in occupancy at Stanford Center. 

Net operating loss increased $1.5 million from $1.0 million for the three months ended June 30, 2025 to $2.5 million for the three months ended June 30, 2026. Our increase in net operating loss was primarily due to a $1.6 million increase in operating expenses from the lease-up properties for the three months ended June 30, 2026.

Net (loss) income attributable to common shares changed approximately $3.8 million from net income of $2.8 million for the three months ended June 30, 2025 to a net loss of $1.0 million for the three months ended June 30, 2026. The decrease in net income is primarily attributed to a $1.5 million increase in net operating loss and a $1.6 million decrease in interest income, net offset in part by a $1.3 million decrease in tax provision. 

About American Realty Investors, Inc.
American Realty Investors, Inc., a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate. The Company also holds mortgage receivables. The Company’s primary asset and source of its operating results is its investment in Transcontinental Realty Investors, Inc. (NYSE:TCI). For more information, visit the Company’s website at www.americanrealtyinvest.com.

AMERICAN REALTY INVESTORS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in thousands, except per share amounts)
(Unaudited)

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues:
Rental revenues$12,236 $11,510 $23,892 $22,937 
Other income630 650 1,315 1,231 
   Total revenue12,866 12,160 25,207 24,168 
Expenses:
Property operating expenses8,176 6,535 15,509 12,512 
Depreciation and amortization3,697 3,062 7,327 5,945 
General and administrative1,498 1,534 2,984 3,026 
Advisory fee to related party2,044 2,042 4,127 4,511 
   Total operating expenses15,415 13,173 29,947 25,994 
   Net operating loss(2,549)(1,013)(4,740)(1,826)
Interest income2,810 3,353 6,634 7,363 
Interest expense(2,803)(1,777)(5,771)(3,597)

Equity in loss from unconsolidated joint ventures412 19 412 (140)
Gain on real estate transactions814 947 1,199 4,838 
Income tax provision71 1,335 505 189 
Net (loss) income(1,245)2,864 (1,761)6,827 
Net loss (income) attributable to noncontrolling interest235 (37)200 (1,035)

Net (loss) income attributable to common shares$(1,010)$2,827 $(1,561)$5,792 
Earnings per share
Basic and diluted$(0.06)$0.18 $(0.10)$0.36 
Weighted average common shares used in computing earnings per share
Basic and diluted16,152,043 16,152,043 16,152,043 16,152,043