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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Rental and other property revenues (including $167 and $0 for the three months and $335 and $0 for the six months ended 2012 and 2011 respectively from affiliates and related parties) $ 31,016 $ 29,306 $ 60,598 $ 56,480
Expenses:        
Property operating expenses (including $258 and $383 for the three months and $550 and $631 for the six months ended 2012 and 2011 respectively from affiliates and related parties) 15,674 15,407 31,087 30,667
Depreciation and amortization 5,393 4,958 10,821 10,162
General and administrative (including $937 and $1,241 for the three months and $1,817 and $2,429 for the six months ended 2012 and 2011 respectively from affiliates and related parties) 935 3,692 3,507 6,915
Provision on impairment of notes receivable and real estate assets 0 444 0 5,622
Advisory fee to affiliate 2,700 3,462 5,359 6,984
Total operating expenses 24,702 27,963 50,774 60,350
Operating income (loss) 6,314 1,343 9,824 (3,870)
Other income (expense):        
Interest income (including $4,624 and $1,104 for the three months and $7,865 and $1,603 for the six months ended 2012 and 2011 respectively from affiliates and related parties) 4,723 1,203 8,063 1,871
Other income (including $1,500 and $0 for the three months and $3,000 and $0 for the six months ended 2012 and 2011 respectively from affiliates and related parties) 2,171 551 3,800 1,765
Mortgage and loan interest (including $931 and $1,275 for the three months and $1,853 and $1,580 for the six months ended 2012 and 2011 respectively from affiliates and related parties) (16,641) (15,439) (34,219) (29,897)
Loss on sale of investments 0 0 (362) 0
Earnings from unconsolidated subsidiaries and investees 33 22 150 (73)
Total other expenses (9,714) (13,663) (22,568) (26,334)
Loss before gain on land sales, non-controlling interest, and taxes (3,400) (12,320) (12,744) (30,204)
Gain on land sales 4,738 14,029 3,716 19,373
Income (loss) from continuing operations before tax 1,338 1,709 (9,028) (10,831)
Income tax benefit 1,537 1,942 2,548 2,351
Net income (loss) from continuing operations 2,875 3,651 (6,480) (8,480)
Loss from discontinued operations (277) (2,130) (975) (5,099)
Gain on sale of real estate from discontinued operations 4,668 7,679 8,256 11,816
Income tax expense from discontinued operations (1,537) (1,942) (2,548) (2,351)
Net income from discontinued operations 2,854 3,607 4,733 4,366
Net income (loss) 5,729 7,258 (1,747) (4,114)
Net (income) loss attributable to non-controlling interest (1,064) 7,175 112 9,345
Net income (loss) attributable to American Realty Investors, Inc. 4,665 14,433 (1,635) 5,231
Preferred dividend requirement (613) (613) (1,226) (1,230)
Net income (loss) applicable to common shares 4,052 13,820 (2,861) 4,001
Earnings per share - basic        
Income (loss) from continuing operations $ 0.10 $ 0.89 $ (0.66) $ (0.03)
Income from discontinued operations $ 0.25 $ 0.31 $ 0.41 $ 0.38
Net income (loss) applicable to common shares. $ 0.16 $ 0.80 $ (0.25) $ 0.35
Earnings per share - diluted        
Income (loss) from continuing operations. $ 0.05 $ 0.59 $ (0.66) $ (0.03)
Income from discontinued operations. $ 0.11 $ 0.21 $ 0.41 $ 0.38
Weighted average common share used in computing earnings per share 11,525,389 11,525,389 11,525,389 11,509,341
Weighted average common share used in computing diluted earnings per share 25,679,951 17,394,553 11,525,389 11,509,341
Amounts attributable to American Realty Investors, Inc.        
Income (loss) from continuing operations, 1,811 10,826 (6,368) 865
Income from discontinued operations, 2,854 3,607 4,733 4,366
Net income (loss). $ 4,665 $ 14,433 $ (1,635) $ 5,231