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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Rental and other property revenues (including $207 and $199 for the three months and $623 and $289 for the nine months ended 2018 and 2017, respectively, from related parties) $ 33,409 $ 31,807 $ 96,099 $ 95,216
Expenses:        
Property operating expenses (including $231 and $245 for the three months and $689 and $721 for the nine months ended 2018 and 2017, respectively, from related parties) 15,945 15,403 45,919 47,098
Depreciation and amortization 6,873 6,373 19,768 19,113
General and administrative (including $1,197 and $1,074 for the three months and $3,634 and $2,534 for the nine months ended 2018 and 2017, respectively, from related parties) 2,062 1,766 7,357 5,797
Net income fee to related party 383 53 489 189
Advisory fee to related party 2,936 2,802 8,821 8,310
Total operating expenses 28,199 26,397 82,354 80,507
Net operating income 5,210 5,410 13,745 14,709
Other income (expenses):        
Interest income (including $3,275 and $3,638 for the three months and $8,554 and $13,511 for the nine months ended 2018 and 2017, respectively, from related parties) 5,710 4,232 15,701 14,083
Other income 18,750 190 28,188 1,517
Mortgage and loan interest (including $2,072 and $1,718 for the three months and $5,780 and $4,914 for the nine months ended 2018 and 2017, respectively, from related parties) (17,422) (15,717) (49,053) (49,859)
Foreign currency transaction gain (loss) (1,288) 1,906 6,357 (1,841)
Earnings from unconsolidated subsidiaries and investees 205 41 802 249
Total other income (expenses) 5,955 (9,348) 1,995 (35,851)
Income (loss) before gain on land sales, non-controlling interest, and taxes 11,165 (3,938) 15,740 (21,142)
Gain on sale of income-producing properties   12,760   12,760
Gain (loss) on land sales 12,243 1,062 13,578 1,032
Net income (loss) from continuing operations before taxes 23,408 9,884 29,318 (7,350)
Income tax expense (792)   (792)  
Net income (loss) from continuing operations 22,616 9,884 28,526 (7,350)
Net income (loss) 22,616 9,884 28,526 (7,350)
Net (income) loss attributable to non-controlling interest (2,265) (522) (2,981) 106
Net income (loss) attributable to American Realty Investors, Inc. 20,351 9,362 25,545 (7,244)
Preferred dividend requirement (225) (275) (675) (825)
Net income (loss) applicable to common shares $ 20,126 $ 9,087 $ 24,870 $ (8,069)
Earnings per share - basic        
Net loss from continuing operations (in dollars per share) $ 1.26 $ 0.59 $ 1.56 $ (0.52)
Earnings per share - diluted        
Net income (loss) from continuing operations (in dollars per share) $ 1.26 $ 0.59 $ 1.56 $ (0.52)
Weighted average common shares used in computing earnings per share (in shares) 15,997,076 15,514,360 15,977,626 15,514,360
Weighted average common shares used in computing diluted earnings per share (in shares) 15,997,076 15,514,360 15,977,626 15,514,360
Net income (loss) from continuing operations $ 20,351 $ 9,362 $ 25,545 $ (7,244)
Net income (loss) applicable to American Realty Investors, Inc. $ 20,351 $ 9,362 $ 25,545 $ (7,244)