XML 69 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Rental and other property revenues (including $221 and $113 for the three months ended 2020 and 2019, respectively, from related parties) $ 11,918 $ 11,929
Expenses:    
Property operating expenses (including $242 and $257 for the three months ended 2020 and 2019, respectively, from related parties) 6,310 5,997
Depreciation and amortization 3,394 3,109
General and administrative (including $1,133 and $1,597 for the three months ended 2020 and 2019, respectively, from related parties) 2,795 2,480
Franchise taxes and other expenses 1,496 125
Net income fee to related party 86 100
Advisory fee to related party 2,287 1,853
Total operating expenses 16,368 13,664
Net operating loss (4,450) (1,735)
Other income (expenses):    
Interest income (including $5,031 and $5,881 for the three months ended 2020 and 2019, respectively, from related parties) 5,754 6,153
Other income 1,212 3,667
Mortgage and loan interest (including $1,915 and $2,307 for the three months ended 2020 and 2019, respectively, from related parties) (9,602) (9,968)
Foreign currency transaction (loss) gain 7,843 (5,818)
Loss on extinguishment of debt  
Equity loss from VAA (376) (1,055)
Earnings from unconsolidated subsidiaries and investees 116 58
Total other income (expenses) 4,947 (6,963)
Income (loss) before gain on land sales, non-controlling interest, and taxes 497 (8,698)
Gain on land sales 4,138 2,216
Net income (loss) from continuing operations before taxes 4,635 (6,482)
State inncome tax expense (247)  
Net income (loss) from continuing operations 4,388 (6,482)
Net income (loss) 4,388 (6,482)
Net (income) loss attributable to non-controlling interest (1,442) 335
Net income (loss) attributable to American Realty Investors, Inc. 2,946 (6,147)
Net income (loss) applicable to common shares $ 2,946 $ (6,147)
(Loss) earnings per share - basic    
Net income (loss) from continuing operations (in dollars per share) $ 0.27 $ (0.41)
Net income (loss) applicable to common shares (in dollars per share) 0.18 (0.38)
(Loss) earnings per share - diluted    
Net income (loss) from continuing operations (in dollars per share) 0.27 (0.41)
Net income (loss) applicable to common shares (in dollars per share) $ 0.18 $ (0.38)
Weighted average common shares used in computing earnings per share (in shares) 15,997,076 15,997,076
Weighted average common shares used in computing diluted earnings per share (in shares) 15,997,076 15,997,076
Amounts attributable to American Realty Investors, Inc.    
Net income (loss) from continuing operations $ 4,388 $ (6,482)
Net income (loss) applicable to American Realty Investors, Inc. $ 2,946 $ (6,147)