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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues [Abstract]        
Rental and other property revenues (including $175 and $165 for the three months and $350 and $331 for the six months ended 2014 and 2013, respectively, from related parties) $ 20,848 $ 20,402 $ 41,321 $ 40,637
Expenses:        
Property operating expenses (including $158 and $169 for the three months and $313 and $372 for the six months ended 2014 and 2013, respectively, from related parties) 10,319 9,416 20,578 19,338
Depreciation and amortization 4,481 4,331 8,952 8,080
General and administrative (including $842 and $997 for the three months and $1,760 and $1,887 for the six months ended 2014 and 2013, respectively, from related parties) 3,196 2,041 5,188 4,053
Provision on impairment of notes receivable and real estate assets 0 800 0 800
Net income fee to related party 210 48 700 104
Advisory fee to related party 2,202 2,487 4,445 5,042
Total operating expenses 20,408 19,123 39,863 37,417
Operating income 440 1,279 1,458 3,220
Other income (expenses):        
Interest income (including $5,959 and $3,520 for the three months and $9,994 and $6,856 for the six months ended 2014 and 2013, respectively, from related parties) 6,041 3,512 10,158 7,053
Other income 232 149 411 2,685
Mortgage and loan interest (including $933 and $771 for the three months and $1,700 and $1,681 for the six months ended 2014 and 2013, respectively, from related parties) (9,746) (9,285) (18,212) (18,720)
Deferred borrowing costs amortization (343) 31 (1,282) (2,429)
Loan charges and prepayment penalties 0 (180) 1,582 (4,117)
Loss on sale of investments 0 0 0 (8)
Earnings from unconsolidated subsidiaries and investees (124) (25) (54) 188
Litigation settlement (86) 57 3,752 12
Total other expenses (4,026) (5,741) (6,809) (15,336)
Loss before gain on land sales, non-controlling interest, and taxes (3,586) (4,462) (5,351) (12,116)
Gain (loss) on land sales (159) 0 594 (35)
Net loss from continuing operations before taxes (3,745) (4,462) (4,757) (12,151)
Income tax benefit 2,035 5,217 3,918 7,905
Net income (loss) from continuing operations (1,710) 755 (839) (4,246)
Discontinued operations:        
Net Loss from discontinued operations (1,189) (3,168) (1,862) (2,716)
Gain on sale of real estate from discontinued operations 7,003 18,074 13,057 25,301
Income tax expense from discontinued operations (2,035) (5,217) (3,918) (7,905)
Net income from discontinued operations 3,779 9,689 7,277 14,680
Net income 2,069 10,444 6,438 10,434
Net income attributable to non-controlling interest (551) (2,090) (1,370) (1,706)
Net income attributable to American Realty Investors, Inc. 1,518 8,354 5,068 8,728
Preferred dividend requirement (613) (613) (1,226) (1,226)
Net income (loss) applicable to common shares 905 7,741 3,842 7,502
Earnings per share - basic        
Net loss from continuing operations $ (0.25) $ (0.17) $ (0.30) $ (0.62)
Net income from discontinued operations $ 0.33 $ 0.84 $ 0.63 $ 1.27
Net income applicable to common shares $ 0.08 $ 0.67 $ 0.33 $ 0.65
Earnings per share - diluted        
Net loss from continuing operations $ (0.25) $ (0.17) $ (0.30) $ (0.62)
Net income from discontinued operations $ 0.33 $ 0.84 $ 0.63 $ 1.27
Net income applicable to common shares $ 0.08 $ 0.67 $ 0.33 $ 0.65
Weighted average common shares used in computing earnings per share 11,525,389 11,525,389 11,525,389 11,525,389
Weighted average common shares 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 (2,261) (1,335) (2,209) (5,952)
Net income from discontinued operation 3,779 9,689 7,277 14,680
Net income applicable to American Realty Investors, Inc. $ 1,518 $ 8,354 $ 5,068 $ 8,728