DALLAS (AP) _ American Realty Investors Inc. (ARL) on Thursday reported a third-quarter loss of $7.6 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had a loss of 47 cents. Losses, adjusted to account for discontinued operations, were 59 cents per share.
The real estate investment company posted revenue of $11.9 million in the period.
ARL shares have climbed 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.51, a decline of slightly more than 8% in the last 12 months.