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MARKETS / NYSE / ARL
NYSE · REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS · SMALL CAP

American Realty Investors Inc. ARL

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$50.0M
▲ 5.7% YoY
$15.7M
$-85.0M
In brief

What this company does

General American Realty Investors, Inc. (the “Company”), a Nevada Corporation, is a fully integrated externally managed real estate company. We also invest in mortgage notes receivable and in land that is either held for appreciation or development. As of December 31, 2025, we owned approximately 78.4% of the common stock of Transcontinental Realty Investors, Inc. ("TCI") and substantially all of our operations are conducted through TCI, whose common stock is traded on the New York Stock Exchange ("NYSE") under the symbol “TCI”. We have no employees. Our business strategy is to maximize long-term value for our stockholders by the acquisition, development and ownership of income-producing multifamily properties in the secondary markets of the Southern United States.

Written from the business description in American Realty Investors, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.

Growth
USD 50.0M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 50.0 · Net income 15.7
200.0M-25.0M-50.0M200920112013201520172019202120232025
Compound annual growth
+10.0%
−3.3%
−7.1%
+50.7%
−65.2%
−65.2%
+11.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −3.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
37 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating -12.9% · Net 37.1%
500%1000%200920112013201520172019202120232025
ROE
FY2025 · ROE 2.6%
-2000%-4000%-6000%200920112013201520172019202120232025

Each USD of equity produced 3 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -85.0
-100M-200M200920112013201520172019202120232025

Total assetsUSD 1.1B
EquityUSD 617.4M
CashUSD 14.2M
Gross debtUSD 214.4M
Net debtUSD 200.2M

Net debt stands at 32% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.00.10.00.00.10.10.10.10.10.10.10.10.10.00.00.1
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.00.00.0−0.0−0.00.0−0.0−0.0−0.0
EBITDA $B0.00.00.00.0−0.00.00.00.10.00.00.00.00.00.0−0.0−0.0−0.0
Income tax $B0.0−0.00.00.1−0.0−0.00.00.00.00.00.0−0.0−0.0−0.00.00.0−0.0
Net income $B0.0−0.00.00.40.00.0−0.00.2−0.0−0.0−0.00.00.0−0.0−0.0−0.0−0.1
Free cash flow $B−0.1−0.1−0.0−0.1−0.0−0.0−0.1−0.3−0.0−0.0−0.1−0.0−0.0−0.00.0−0.0−0.0
EPS, diluted $0.97−0.910.2523.110.210.56−1.0010.35−0.61−0.25−0.212.283.36−0.69−0.19−8.48−6.31
Dividend / sh $0.000.000.000.000.000.000.00··········
Payout %·················
ROE %2.6−2.40.687.51.43.8−6.493.8−7.2−2.2−1.623.861.2−7441.71.0−156.3·
Shares out B0.020.020.020.020.020.020.020.020.020.020.020.0111.530.010.010.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 13 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityReal Estate Operators (No Developers) & Lessors
Listed onNYSE
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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