American Realty Investors, Inc. reported a Q1 2026 net loss of $0.6 million or $0.03 per share, compared to net income of $3.0 million or $0.18 per share in Q1 2025.
Key takeaways
Net loss attributable to common shares $0.6 million or $(0.03) per share for Q1 2026 vs. $3.0 million or $0.18 per share in Q1 2025.
Revenues increased to $12.3 million from $12.0 million year-over-year, driven by $0.7 million commercial revenue growth offset by multifamily decline.
Net operating loss widened to $2.2 million from $0.8 million due to $1.4 million higher operating expenses at lease-up properties.
Total occupancy 81% at March 31, 2026, with multifamily at 93% and commercial at 58%.
Sold 21 lots at Windmill Farms for $1.0 million, generating $0.8 million gain.
Development properties occupancy: Alera 47%, Bandera Ridge 44%, Merano 42%.