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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rental and other property revenues (including $202 and $208 for the three months and $413 and $415 for the six months ended 2019 and 2018, respectively, from related parties) $ 11,840 $ 31,607 $ 23,769 $ 62,690
Expenses:        
Property operating expenses (including $246 and $231 for the three months ended and $504 and 458 for the six months ended 2019 and 2018, respectively, from related parties) 7,323 15,550 13,320 29,974
Depreciation and amortization 3,439 6,504 6,548 12,895
General and administrative (including $985 and $1,297 for the three months ended and $2,582 and $2,437 for the six months ended 2019 and 2018, respectively, from related parties) 4,127 2,954 6,732 5,295
Net income fee to related party 90 53 190 106
Advisory fee to related party 1,238 2,929 3,091 5,885
Total operating expenses 16,217 27,990 29,881 54,155
Net operating (loss) income (4,377) 3,617 (6,112) 8,535
Other income (expenses):        
Interest income (including $6,207 and $4,832 for the three months ended and $12,304 and $9,311 for the six months ended 2019 and 2018, respectively, from related parties) 6,505 4,882 12,658 9,991
Other income 3,364 7,537 7,031 9,438
Mortgage and loan interest (including $2,385 and $1,909 for the three months ended and $4,692 and $3,708 for the six months ended 2019 and 2018, respectively, from related parties) (9,408) (15,907) (19,376) (31,631)
Foreign currency transaction (loss) gain (2,325) 5,889 (8,143) 7,645
Equity loss from VAA (236) (1,291)
Earnings from unconsolidated subsidiaries and investees 173 277 231 597
Total other (expenses) income (1,927) 2,678 (8,890) (3,960)
(Loss) income before gain on land sales, non-controlling interest, and taxes (6,304) 6,295 (15,002) 4,575
Loss on sale of income producing properties (80) (80)  
Gain on land sales 2,517 4,733 1,335
Net (loss) income from continuing operations before taxes (3,867) 6,295 (10,349) 5,910
Net (loss) income from continuing operations (3,867) 6,295 (10,349) 5,910
Net (loss) income (3,867) 6,295 (10,349) 5,910
Net (income) loss attributable to non-controlling interest 1,089 (441) 1,424 (716)
Net (loss) income attributable to American Realty Investors, Inc. (2,778) 5,854 (8,925) 5,194
Preferred dividend requirement   (225)   (450)
Net (loss) income applicable to common shares $ (2,778) $ 5,629 $ (8,925) $ 4,744
(Loss) Earnings per share - basic        
Net (loss) income from continuing operations (in dollars per share) $ (.17) $ 0.35 $ (.56) $ 0.3
(Loss) Earnings per share - diluted        
Net (loss) income from continuing operations (in dollars per share) $ (0.17) $ .34 $ (0.56) $ .28
Weighted average common shares used in computing earnings per share (in shares) 15,997,076 15,997,076 15,997,076 15,967,740
Weighted average common shares used in computing diluted earnings per share (in shares) 15,997,076 16,682,753 15,997,076 16,653,417
Amounts attributable to American Realty Investors, Inc.        
Net (loss) income from continuing operations $ (2,778) $ 5,854 $ (8,925) $ 5,194
Net (loss) income applicable to American Realty Investors, Inc. $ (2,778) $ 5,854 $ (8,925) $ 5,194