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Thursday, May 19, 2022

American Realty Investors, Inc. (ARL) Stock Surged 6.97% Pre-Market, Here’s Why

American Realty Investors, Inc. (ARL) stock soared 6.97% in the pre-market trading session at the price of $23.80 despite no fundamental updates.

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ARL, a real estate investment firm based in Dallas, owns a diverse portfolio of equity real estate across the United States, including offices, shopping malls, apartments, and land. The stock invests in the real estate industry through leases, direct ownership, and partnerships. The company also holds and operates mortgage receivables.

ARL Q4 2021 Earnings Report

On 29th March 2022, ARL published its financial results for the fourth quarter ended 31st December 2021. The company has also delivered its business operational highlights.

ARL calculated a net loss of US$6.8M, or per share of US$0.42, for Q4 of 2021. Net income was US$0.4M, or per share of US$0.03, for the same quarter of 2020. The growth in net loss resulted from the lease termination payment at Browning Place. On 3rd March 2022, the stock extended its US$39.0M loan on Stanford Center to 26th February 2023.

Rental revenues totaled US$7.6M for Q4 of 2021, representing a decrease of US$9.8M from US$17.4M for Q4 of the previous year. The drop has caused by a receipt of a US$5.9M lease termination payment and a reduction in occupancy in the commercial properties. Net operating loss was US$3.7M for the quarter ended 31st December 2021. It represents a growth of US$7.6M from the operating income of US$3.9M for Q4 of 2021. The increase in operating loss had caused by higher legal fees in 2021.

ARL Market Highlights

ARL stock earned 97 percent of its rents for Q4 of 2021, composed of 96 percent from multifamily residences and 99 percent from office renters. The occupancy totaled 91 percent on 31st December 2021, including 95 percent at multifamily properties and 70 percent at commercial properties. On 14th January 2022, the stock sold Toulon, a 240-unit property in Gautier, for roughly US$26.8M. The proceeds had used to reimburse the mortgage note and for other corporate purposes. 

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