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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Rental and other property revenues (including $173 and $175 for the three months and $343 and $350 for the six months ended 2015 and 2014, respectively, from related parties) $ 24,241 $ 19,500 $ 47,397 $ 38,659
Expenses:        
Property operating expenses (including $187 and $158 for the three months and $349 and $313 for the six months ended 2015 and 2014, respectively, from related parties) 11,301 9,983 22,969 19,911
Depreciation and amortization 5,137 4,323 9,841 8,636
General and administrative (including $912 and $842 for the three months and $1,920 and $1,760 for the six months ended 2015 and 2014, respectively, from related parties) 1,596 3,195 3,798 5,179
Net income fee to related party 45 210 335 700
Advisory fee to related party 2,309 2,202 4,601 4,445
Total operating expenses 20,388 19,913 41,544 38,871
Net operating income (loss) 3,853 (413) 5,853 (212)
Other income (expenses):        
Interest income (including $4,246 and $5,959 for the three months and $9,113 and $9,994 for the six months ended 2015 and 2014, respectively, from related parties) 4,535 6,041 9,772 10,158
Other income 14 232 4,111 406
Mortgage and loan interest (including $920 and $933 for the three months and $1,815 and $1,730 for the six ended 2015 and 2014, respectively, from related parties) (9,794) (9,693) (21,439) (20,332)
Earnings from unconsolidated subsidiaries and investees 151 (124) 196 (54)
Litigation settlement (expense) (45) (86) (117) 3,752
Total other expenses (5,139) (3,630) (7,477) (6,070)
Loss before gain on land sales, non-controlling interest, and taxes (1,286) (4,043) (1,624) (6,282)
Gain (loss) on land sales 3,027 (159) 5,903 594
Net income (loss) from continuing operations before taxes 1,741 (4,202) 4,279 (5,688)
Income tax benefit (expense) (12) 2,195 91 4,244
Net income (loss) from continuing operations 1,729 (2,007) 4,370 (1,444)
Discontinued operations:        
Net income (loss) from discontinued operations $ (34) (732) $ 260 (931)
Gain on sale of real estate from discontinued operations   7,003   13,057
Income tax benefit (expense) from discontinued operations $ 12 (2,195) $ (91) (4,244)
Net income (loss) from discontinued operations (22) 4,076 169 7,882
Net income 1,707 2,069 4,539 6,438
Net (income) loss attributable to non-controlling interest (540) (551) (32) (1,370)
Net income attributable to American Realty Investors, Inc. 1,167 1,518 4,507 5,068
Preferred dividend requirement (275) (613) (665) (1,226)
Net income applicable to common shares $ 892 $ 905 $ 3,842 $ 3,842
Earnings per share - basic        
Net income (loss) from continuing operations $ 0.06 $ (0.28) $ 0.25 $ (0.35)
Net income from discontinued operations   0.35 0.01 0.68
Net income applicable to common shares $ 0.06 0.07 0.26 0.33
Earnings per share - diluted        
Net income (loss) from continuing operations $ 0.05 (0.28) 0.21 (0.35)
Net income (loss) from discontinued operations   0.35 0.01 0.68
Net income applicable to common shares $ 0.05 $ 0.07 $ 0.22 $ 0.33
Weighted average common shares used in computing earnings per share 15,367,320 11,525,389 14,701,170 11,525,389
Weighted average common shares used in computing diluted earnings per share 17,844,339 11,525,389 17,178,190 11,525,389
Amounts attributable to American Realty Investors, Inc.        
Net income (loss) from continuing operations $ 1,189 $ (2,558) $ 4,338 $ (2,814)
Net income (loss) from discontinued operations (22) 4,076 169 7,882
Net income applicable to American Realty Investors, Inc. $ 1,167 $ 1,518 $ 4,507 $ 5,068