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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Rental and other property revenues (including $174 and $211 for the three months and $521 and $591 for the nine months ended 2016 and 2015, respectively, from related parties) $ 30,067 $ 27,826 $ 90,106 $ 75,223
Expenses:        
Property operating expenses (including $230 and $202 for the three months and $671 and $551 for the nine months ended 2016 and 2015, respectively, from related parties) 15,671 14,499 46,078 37,467
Depreciation and amortization 6,025 6,569 17,723 16,410
General and administrative (including $942 and $912 for the three months and $1,860 and $1,920 for the nine months ended 2016 and 2015, respectively, from related parties) 1,760 1,417 6,197 5,215
Net income fee to related party 67 232 193 567
Advisory fee to related party 2,749 3,024 8,174 7,625
Total operating expenses 26,272 25,741 78,365 67,284
Net operating income 3,795 2,085 11,741 7,939
Other income (expense):        
Interest income (including $5,395 and $3,886 for the three months and $14,482 and $13,190 for the nine months ended 2016 and 2015 respectively, from related parties) 5,712 3,950 15,791 13,722
Other income 252 (72) 1,452 4,040
Mortgage and loan interest (including $1,412 and $982 for the three months and $3,860 and $2,797 for the nine months ended 2016 and 2015, respectively, from related parties) (15,362) (15,026) (43,551) (36,463)
Earnings from unconsolidated subsidiaries and investees 146 81 430 276
Litigation settlement (expense)   (85)   (203)
Total other income (expenses) (9,252) (11,152) (25,878) (18,628)
Loss before gains on land sales, non-controlling interest, and taxes (5,457) (9,067) (14,137) (10,689)
Gain on sale of income producing properties   735 4,925 735
Gain on land sales 555 1,958 3,925 7,861
Net loss from continuing operations before tax (4,902) (6,374) (5,287) (2,093)
Income tax benefit (expense) (46) 16 (45) 107
Net loss from continuing operations (4,948) (6,358) (5,332) (1,986)
Discontinued operations:        
Net income (loss) from discontinued operations   47 3 306
Income tax expense from discontinued operations   (16) (1) (107)
Net income (loss) from discontinued operations   31 2 199
Net loss (4,948) (6,327) (5,330) (1,787)
Net loss attributable to non-controlling interests 1,194 1,164 860 1,132
Net loss attributable to American Realty Investors, Inc. (3,754) (5,163) (4,470) (655)
Preferred dividend requirement (275) (275) (825) (941)
Net loss applicable to common shares $ (4,029) $ (5,438) $ (5,295) $ (1,596)
Earnings per share - basic        
Net loss from continuing operations (in dollars per share) $ (.26) $ (0.35) $ (.34) $ (0.12)
Net income from discontinued operations (in dollars per share)       0.01
Net loss applicable to common shares (in dollars per share) (0.26) (0.35) (0.34) (0.11)
Earnings per share - diluted        
Net loss from continuing operations (in dollars per share) (0.26) (0.35) (0.34) (0.12)
Net income from discontinued operations (in dollars per share)       0.01
Net loss applicable to common shares (in dollars per share) $ (0.26) $ (0.35) $ (0.34) $ (0.11)
Weighted average common shares used in computing earnings per share (in shares) 15,514,360 15,514,360 15,514,360 14,975,212
Weighted average common shares used in computing diluted earnings per share (in shares) 15,514,360 15,514,360 15,514,360 14,975,212
Amounts attributable to American Realty Investors, Inc.        
Net loss from continuing operations $ (3,754) $ (5,194) $ (4,472) $ (854)
Net income (loss) from discontinued operations   31 2 199
Net loss applicable to American Realty Investors, Inc. $ (3,754) $ (5,163) $ (4,470) $ (655)