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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Rental and other property revenues (including $212 and $207 for the three months and $527 and $623 for the nine months ended 2019 and 2018, respectively, from related parties) $ 11,943 $ 33,409 $ 35,712 $ 96,099
Expenses:        
Property operating expenses (including $237 and $231 for the three months ended and $741 and $689 for the nine months ended 2019 and 2018, respectively, from related parties) 5,883 15,945 19,203 45,919
Depreciation and amortization 3,416 6,873 9,964 19,768
General and administrative (including $1,002 and $1,197 for the three months ended and $3,680 and $3,634 for the nine months ended 2019 and 2018, respectively, from related parties) 2,669 2,062 9,401 7,357
Net income fee to related party 83 383 273 489
Advisory fee to related party 1,758 2,936 4,849 8,821
Total operating expenses 13,809 28,199 43,690 82,354
Net operating (loss) income (1,866) 5,210 (7,978) 13,745
Other income (expenses):        
Interest income (including $6,240 and $3,275 for the three months ended and $18,328 and $8,554 for the nine months ended 2019 and 2018, respectively, from related parties) 6,856 5,710 19,514 15,701
Other income 1,288 18,750 8,319 28,188
Mortgage and loan interest (including $2,402 and $2,072 for the three months ended and $7,094 and $5,780 for the nine months ended 2019 and 2018, respectively, from related parties) (10,420) (17,422) (29,796) (49,053)
Foreign currency transaction (loss) gain (5,153) (1,288) (13,296) 6,357
Loss on extinguishment of debt (5,219)   (5,219)  
Equity loss from VAA (189)   (1,480)  
Earnings from unconsolidated subsidiaries and investees 114 205 345 802
Total other (expenses) income (12,723) 5,955 (21,613) 1,995
(Loss) income before gain on land sales, non-controlling interest, and taxes (14,589) 11,165 (29,591) 15,740
Loss on sale of income producing properties     (80)  
Gain on land sales 5,139 12,243 9,872 13,578
Net (loss) income from continuing operations before taxes (9,450) 23,408 (19,799) 29,318
Income tax expense   (792)   (792)
Net (loss) income from continuing operations (9,450) 22,616 (19,799) 28,526
Net (loss) income (9,450) 22,616 (19,799) 28,526
Net (income) loss attributable to non-controlling interest 1,879 (2,265) 3,303 (2,981)
Net (loss) income attributable to American Realty Investors, Inc. (7,571) 20,351 (16,496) 25,545
Preferred dividend requirement   (225)   (675)
Net (loss) income applicable to common shares $ (7,571) $ 20,126 $ (16,496) $ 24,870
(Loss) earnings per share - basic        
Net (loss) income from continuing operations (in dollars per share) $ (0.59) $ 1.46 $ (1.24) $ 1.84
Net (loss) income applicable to common shares (in dollars per share) (0.47) 1.3 (1.03) 1.6
(Loss) earnings per share - diluted        
Net (loss) income from continuing operations (in dollars per share) (0.59) 1.36 (1.24) 1.72
Net (loss) income applicable to common shares (in dollars per share) $ (0.47) $ 1.21 $ (1.03) $ 1.5
Weighted average common shares used in computing earnings per share (in shares) 15,997,076 15,514,360 15,997,076 15,514,360
Weighted average common shares used in computing diluted earnings per share (in shares) 15,997,076 16,598,942 15,997,076 16,598,942
Amounts attributable to American Realty Investors, Inc.        
Net (loss) income from continuing operations $ (9,450) $ 22,616 $ (19,799) $ 28,526
Net (loss) income applicable to American Realty Investors, Inc. $ (7,571) $ 20,351 $ (16,496) $ 25,545