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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues {1}    
Rental and other property revenues (including $175 and $165 for the three months ended 2014 and 2013, respectively, from related parties) $ 20,583 $ 20,350
Expenses:    
Property operating expenses (including $156 and $204 for the three months ended 2014 and 2013, respectively, from related parties) 10,317 9,982
Depreciation and amortization 4,476 3,755
General and administrative (including $918 and $890 for the three months ended 2014 and 2013, respectively, from related parties) 1,994 2,012
Provision on impairment of notes receivable and real estate assets 0 0
Net income fee to related party 490 56
Advisory fee to related party 2,242 2,554
Total operating expenses 19,519 18,359
Operating income 1,064 1,991
Other income (expenses):    
Interest income (including $3,797 and $3,410 for the three months 2014 and 2013, respectively, from related parties) 4,117 3,541
Other income 178 2,536
Mortgage and loan interest (including $798 and $910 for the three months ended 2014 and 2013, respectively, from related parties) (8,474) (9,444)
Deferred borrowing costs amortization (939) (2,461)
Loan charges and prepayment penalties (1,582) (3,937)
Gain (loss) on sale of investments 0 (8)
Earnings from unconsolidated subsidiaries and investees 70 213
Litigation settlement 3,839 (45)
Total other expenses (2,791) (9,605)
Loss before gain on land sales, non-controlling interest, and taxes (1,727) (7,614)
Gain (loss) on land sales 753 (35)
Net loss from continuing operations before taxes (974) (7,649)
Income tax benefit 1,870 2,673
Net income (loss) from continuing operations 896 (4,976)
Discontinued operations:    
Net income (loss) from discontinued operations (710) 411
Gain on sale of real estate from discontinued operations 6,053 7,227
Income tax expense from discontinued operations (1,870) (2,673)
Net income from discontinued operations 3,473 4,965
Net income (loss) 4,369 (11)
Net (income) loss attributable to non-controlling interest (819) 385
Net income attributable to American Realty Investors, Inc. 3,550 374
Preferred dividend requirement (613) (613)
Net income (loss) applicable to common shares 2,937 (239)
Earnings per share - basic    
Net loss from continuing operations $ (0.05) $ (0.45)
Net income from discontinued operations $ 0.30 $ 0.43
Net income (loss) applicable to common shares $ 0.25 $ (0.02)
Earnings per share - diluted    
Net loss from continuing operations $ (0.05) $ (0.45)
Net income from discontinued operations $ 0.30 $ 0.43
Net income (loss) applicable to common shares $ 0.25 $ (0.02)
Weighted average common shares used in computing earnings per share 11,525,389 11,525,389
Weighted average common shares used in computing diluted earnings per share 11,525,389 11,525,389
Amounts attributable to American Realty Investors, Inc.    
Net income (loss) from continuing operations 77 (4,591)
Net income from discontinued operations 3,473 4,965
Net income applicable to American Realty Investors, Inc. $ 3,550 $ 374