American AG真人官方ty Investors, Inc. reports Earnings for Quarter Ended June 30, 2025
Financial Highlights
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Total occupancy was
82% at June 30, 2025, which includes94% at our multifamily properties and57% at our commercial properties.
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During the three months ended June 30, 2025, we sold 30 single family lots from our holdings in Windmill Farms for
, resulting in a gain on sale of$1.4 million .$1.1 million
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On May 30, 2025, we paid off the
loan on 770 South Post Oak with cash on hand.$10.8 million
Financial Results
Rental revenues increased
Net operating loss decreased
Net income attributable to common shares increased
About American AG真人官方ty Investors, Inc.
American AG真人官方ty Investors, Inc., a
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AMERICAN REALTY INVESTORS, INC. | ||||||||||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||
(Dollars in thousands, except per share amounts) | ||||||||||||||||
(Unaudited) | ||||||||||||||||
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Three Months Ended
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Six Months Ended
|
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2025 |
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2024 |
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2025 |
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2024 |
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Revenues: | ||||||||||||||||
Rental revenues | $ |
11,510 |
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$ |
11,188 |
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$ |
22,937 |
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$ |
22,467 |
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Other income | 听 |
650 |
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585 |
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1,231 |
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1,205 |
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Total revenue | 听 |
12,160 |
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11,773 |
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24,168 |
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23,672 |
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Expenses: | ||||||||||||||||
Property operating expenses | 听 |
6,535 |
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6,624 |
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12,512 |
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13,258 |
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Depreciation and amortization | 听 |
3,062 |
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3,137 |
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5,945 |
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6,309 |
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General and administrative | 听 |
1,534 |
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1,552 |
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3,026 |
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2,960 |
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Advisory fee to related party | 听 |
2,042 |
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1,737 |
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4,511 |
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3,939 |
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Total operating expenses | 听 |
13,173 |
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13,050 |
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25,994 |
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26,466 |
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Net operating loss | 听 |
(1,013 |
) |
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(1,277 |
) |
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(1,826 |
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(2,794 |
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Interest income | 听 |
3,353 |
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4,794 |
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7,363 |
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10,527 |
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Interest expense | 听 |
(1,777 |
) |
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(1,913 |
) |
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(3,597 |
) |
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(3,835 |
) |
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Equity in income from unconsolidated joint ventures | 听 |
19 |
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501 |
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(140 |
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984 |
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Gain on real estate transactions | 听 |
947 |
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- |
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4,838 |
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- |
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Income tax provision | 听 |
1,335 |
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(614 |
) |
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189 |
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(1,089 |
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Net income | 听 |
2,864 |
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1,491 |
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6,827 |
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3,793 |
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Net income attributable to noncontrolling interest | 听 |
(37 |
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(324 |
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(1,035 |
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(875 |
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Net income attributable to the common shares | $ |
2,827 |
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$ |
1,167 |
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$ |
5,792 |
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$ |
2,918 |
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Earnings per share | ||||||||||||||||
Basic and diluted | $ |
0.18 |
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$ |
0.07 |
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$ |
0.36 |
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$ |
0.18 |
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Weighted average common shares used in computing earnings per share | ||||||||||||||||
Basic and diluted | 听 |
16,152,043 |
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16,152,043 |
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16,152,043 |
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16,152,043 |
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View source version on businesswire.com:
American AG真人官方ty Investors, Inc.
Investor Relations
Erik Johnson (469) 522-4200
[email protected]
Source: American AG真人官方ty Investors, Inc.