American Realty Investors (ARL) Reports Q2 EPS of $0.05

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Go back to American Realty Investors (ARL) Reports Q2 EPS of $0.05

American Realty Investors, Inc. Reports Second Quarter 2015 Results

August 12, 2015 5:33 PM EDT

DALLAS--(BUSINESS WIRE)-- American Realty Investors, Inc. (NYSE: ARL), a Dallas-based real estate investment company, reported results of operations for the second quarter ended June 30, 2015. ARL announced today that the Company reported net income applicable to common shares of $0.9 million, including $3.0 million in gains on the sale of land, or $0.05 per diluted earnings per share, as compared to net income applicable to common shares of $0.9 million, including $7.0 million in gains on the sale of income-producing properties or $0.07 per diluted earnings per share for the same period ended 2014.

For the six months ended June 30,... More