AMERICAN REALTY INVESTORS INC (ARL)

What AMERICAN REALTY INVESTORS INC does

American Realty Investors is a fully integrated, externally managed real estate company that owns and operates multifamily and commercial properties throughout the Southern United States. The company also invests in mortgage notes receivable and land held for appreciation or development. ARL owns approximately 78.4% of Transcontinental Realty Investors (TCI), which in turn owns approximately 84.6% of Income Opportunity Realty Investors (IOR), creating a nested structure of real estate holdings. The company is managed by Pillar Income Asset Management pursuant to an advisory agreement.

Fundamentals

• Price$21.50 as of 2026-07-09 close
• Market cap$351M as of 2026-07-10
• 1-year return+47.6% as of 2026-07-09 close
• P/E28.77 as of 2026-07-10
• Net margin+24.2% as of 2026-07-10
• Gross margin+41.9% as of 2026-07-10
• ROE+2.0% as of 2026-07-10
• Debt / equity0.35 as of 2026-07-10
• Revenue growth (YoY)+6.2% as of 2026-07-10
• Revenue CAGR (3y)+10.0% SEC XBRL
• Beta0.61 as of 2026-07-10

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Key risks (from latest filing)

["Nested ownership structure creates complexity and potential conflicts of interest between ARL, TCI, and IOR, as management must allocate investment opportunities among related entities with similar objectives","Heavy reliance on external management by Pillar Income Asset Management, with no in-house employees, creates dependence on third-party execution and advisory fee obligations","Exposure to real estate market downturns in Southern US secondary markets and development execution risk on multi-property construction pipeline including Mountain Creek, which is expected to complete in 2026"]

See ARL's biggest risks from its latest 10-Q →

Competitors & peers

• Transcontinental Realty Investors (TCI)
• Income Opportunity Realty Investors (IOR)

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