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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Rental and other property revenues (including $165 and $164 for the three months and $497 and $499 for the nine months ended 2013 and 2012 respectively from related parties) $ 27,482 $ 27,771 $ 81,455 $ 81,683
Expenses:        
Property operating expenses (including $204 and $234 for the three months and $629 and $753 for the nine months ended 2013 and 2012 respectively from related parties) 14,042 13,894 39,601 39,988
Depreciation and Amortization. 5,304 5,033 15,608 14,927
General and administrative (including $933 and $747 for the three months and $2,924 and $2,587 for the nine months ended 2013 and 2012 respectively from related parties) 1,919 1,332 6,181 5,105
Provision on impairment of notes receivable and real estate assets 1,125 0 1,926 0
Advisory fees to related party 2,584 2,215 7,625 7,573
Total operating expenses 24,974 22,474 70,941 67,593
Operating income 2,508 5,297 10,514 14,090
Other income (expense):        
Interest income (including $3,718 and $2,245 for the three months and $10,574 and $10,416 for the nine months ended 2013 and 2012 respectively from related parties) 3,778 2,280 10,831 10,342
Other income (including $0 and $1,500 for the three months and $0 and $4,500 for the nine months ended 2013 and 2012 respectively from related parties) 64 1,192 2,750 5,173
Mortgage and loan interest (including $1,168 and $903 for the three months and $2,849 and $2,756 for the nine months ended 2013 and 2012 respectively from related parties) (10,723) (10,962) (32,883) (35,439)
Deferred borrowing costs amortization (264) 547 (3,700) (2,340)
Loan charges and prepayment penalties (49) (35) (7,411) (6,197)
Loss on sale of investment (275) 0 (283) (361)
Earnings from unconsolidated investees, 69 134 256 284
Litigation Settlement (2,764) (130) (2,752) (135)
Total other expenses (10,164) (6,974) (33,192) (28,673)
Loss before gain on land sales, non-controlling interest, and taxes (7,656) (1,677) (22,678) (14,583)
Gain on land sales 598 2,898 563 6,615
Net income(loss) from continuing operations before taxes (7,058) 1,221 (22,115) (7,968)
Income tax benefit (expenses) (95) (204) 8,827 2,400
Net income (loss) from continuing operations (7,153) 1,017 (13,288) (5,568)
Discontinued operations:        
Net loss from discontinued operations (398) (1,168) (209) (1,982)
Gain on sale of real estate from discontinued operations 127 585 25,429 8,840
Income tax benefit (expense) from discontinued operations 95 204 (8,827) (2,400)
Net income (loss) from discontinued operations (176) (379) 16,393 4,458
Net income (losses) (7,329) 638 3,105 (1,110)
Net (income) loss attributable to non-controlling interest 903 (74) (803) 37
Net income (loss) attributable to American Realty Investors, Inc. (6,426) 564 2,302 (1,073)
Preferred dividend requirement (613) (613) (1,839) (1,839)
Net income (loss) applicable to common shares (7,039) (49) 463 (2,912)
Earnings per share - basic        
Net income (loss) from continuing operations basic $ (0.60) $ 0.03 $ (1.38) $ (0.64)
Net income (loss) from discontinued operations basic $ (0.02) $ (0.03) $ 1.42 $ 0.39
Net income (loss) applicable to common shares - basic $ (0.62) $ 0 $ 0.04 $ (0.25)
Earnings per share - diluted        
Net income (loss) from continuing operations diluted $ (0.60) $ 0.03 $ (1.38) $ (0.64)
Net income (loss) from discontinued operations diluted $ (0.02) $ (0.03) $ 1.42 $ 0.39
Net income (loss) applicable to common shares - diluted $ (0.62) $ 0 $ 0.04 $ (0.25)
Weighted average common share used in computing earnings per share 11,525,389 11,525,389 11,525,389 11,525,389
Weighted average common share used in computing diluted earnings per share 11,525,389 11,525,389 11,525,389 11,525,389
Amounts attributable to American Realty Investors, Inc.        
Net income (loss) from continuing operations (ARI) (6,250) 943 (14,091) (5,531)
Net income (loss) from discontinued operations (ARI) (176) (379) 16,393 4,458
Net income (loss) applicable to American Realty Investors, Inc. $ (6,426) $ 564 $ 2,302 $ (1,073)