Published on 10 May 2024 on GuruFocus.com via Yahoo Finance
American Realty Investors Inc Reports Mixed Q1 2024 Results
Net Income Attributable to Common Shares: $1.8M for Q1 2024, down from $3.0M in Q1 2023.Earnings Per Share (EPS): $0.11 per diluted share in Q1 2024, compared to $0.18 in Q1 2023.Rental Revenue: Increased to $11.3M in Q1 2024, up from $11.0M in Q1 2023.Net Operating Loss: Decreased to $1.5M in Q1 2024 from $3.1M in Q1 2023.Total Revenue: Rose to $11.9M in Q1 2024 from $11.7M in Q1 2023.Occupancy Rates: Total occupancy at 79% as of March 31, 2024, with multifamily properties at 94% and commercial properties at 49%.
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