Core Viewpoint - American Realty Investors, Inc. reported a significant turnaround in net income for the quarter ended December 31, 2025, achieving $9.8 million compared to a net loss of $0.2 million in the same period of 2024, primarily driven by a gain on the sale of a multifamily property [1][1][1] Financial Highlights - The company sold Villas at Bon Secour, a 200-unit multifamily property, for $28.0 million, resulting in a gain of $12.2 million [1][1][1] - Total stabilized occupancy was reported at 81% as of December 31, 2025, with multifamily properties at 93% and commercial properties at 59% [1][1][1] - Revenues increased by $1.0 million from $12.0 million in Q4 2024 to $13.0 million in Q4 2025, attributed to a $0.6 million increase from commercial properties and a $0.7 million increase in other income, partially offset by a $0.3 million decrease from multifamily properties [1][1][1] - Net operating loss increased to $3.0 million in Q4 2025 from $1.8 million in Q4 2024, primarily due to a $2.1 million rise in operating expenses [1][1][1] - The increase in net income was mainly due to a $15.0 million increase in gain on sale of assets, offset by a $1.5 million increase in tax provision and a $1.2 million increase in net operating loss [1][1][1] Company Overview - American Realty Investors, Inc. is a Dallas-based real estate investment company with a diverse portfolio that includes office buildings, apartments, shopping centers, and land across the U.S. [1][1][1] - The company invests in real estate through direct ownership, leases, partnerships, and mortgage loans, with its primary asset being its investment in Transcontinental Realty Investors, Inc. [1][1][1]