|Bid||8.24 x 1100|
|Ask||0.00 x 1300|
|Day's Range||8.14 - 8.70|
|52 Week Range||5.99 - 17.89|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||1.08|
|Earnings Date||May 14, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
American Realty Investors, Inc. (NYSE:ARL), a Dallas-based real estate investment company, is reporting its Results of Operations for the quarter ended March 31, 2020. The Company’s primary real estate holdings consist of Transcontinental Realty Investors, Inc. (NYSE: TCI). Being that The Company’s operational activities are virtually limited to the ownership of TCI, this quarterly report will primarily discuss the operational activity of TCI. For the three months ended March 31, 2020, The Company reported a net income applicable to common shares of $2.9 million or $0.18 per diluted share, compared to a net loss applicable to common shares of $6.1 million or $0.38 per diluted share for the same period in 2019. This was driven by the overall strategic direction of both investing and expanding the core multi-family portfolio. In particular, as certain new multifamily development projects are completed, in which the Company has made significant new investments, it is expected that net income will again be positively impacted throughout the remainder of 2020. All new multifamily real estate projects within TCI’s future pipeline are progressing in various stages of development. Of significant note, the Company experienced a one-time expense as a requirement to pay Franchise Tax due to the Joint Venture Victory Abode Apartments (VAA). The Company does not anticipate this expense to reoccur in future periods.
American Realty Investors, Inc. (NYSE:ARL), a Dallas-based real estate investment company, is reporting its Results of Operations for the year ended December 31, 2019. The Company’s holdings consist of Transcontinental Realty Investors, Inc. (NYSE: TCI). Being that The Company’s operational activities are limited to the ownership of TCI, this annual report will primarily discuss the operational activity of TCI. With the current Coronavirus presenting a concern it was deemed appropriate to provide additional context to both the past years results and our business outlook. We remain confident the underlying need for quality multi-family housing will remain strong. Should circumstances change or our view be less optimistic, we have the ability to dramatically slow our pace of our new development efforts. For example, to date, TCI’s existing portfolio has seen a significant increase in value. For FYE 2018, same store aggregate appraised value of TCI’s holdings was approximately $244.4 million. Whereas for FYE 2019, same store aggregate appraised value of TCI’s holdings was $298.7 million. This represents a $54.2 million or 22% increase in overall asset value year over year.
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes...