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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Rental and other property revenues (including $708, $726 and $701 for the year ended 2016, 2015 and 2014, respectively, from related parties) $ 119,663 $ 104,188 $ 79,412
Expenses:      
Property operating expenses (including $900, $770 and $645 for the year ended 2016, 2015 and 2014, respectively, from related parties) 62,950 54,002 42,124
Depreciation 23,785 21,418 17,593
General and administrative (including $4,053, $3,855 and $3,628 for the year ended 2016, 2015 and 2014, respectively, from related parties) 7,119 6,893 10,282
Provision on impairment of real estate assets   5,300  
Net income fee to related party 257 492 3,669
Advisory fee to related party 10,918 9,775 8,943
Total operating expenses 105,029 97,880 82,611
Operating income (loss) 14,634 6,308 (3,199)
Other income (expense):      
Interest income (including $18,864, $15,859 and $19,029 for the year ended 2016, 2015 and 2014, respectively, from related parties) 20,453 16,674 20,054
Other income 2,091 4,106 1,415
Mortgage and loan interest (including $5,300, $3,774 and $3,660 for the year ended 2016, 2015 and 2014, respectively, from related parties) (59,362) (52,477) (40,826)
Loss on the sale of investments   (1) (92)
Earnings from unconsolidated subsidiaries and investees 493 428 347
Litigation settlement   (352) 3,591
Total other expenses (36,325) (31,622) (15,511)
Loss before gain on sales, non-controlling interest and taxes (21,691) (25,314) (18,710)
Gain on sale of income-producing properties 16,207    
Gain on land sales 3,121 21,648 561
Loss from continuing operations before tax (2,363) (3,666) (18,149)
Income tax benefit (expense) (46) (517) 20,413
Net income (loss) from continuing operations (2,409) (4,183) 2,264
Discontinued operations:      
Income (loss) from discontinued operations (2) 644 (3,557)
Gain on sale of real estate from discontinued operations   735 61,879
Income tax expense from discontinued operations 1 (483) (20,413)
Net income (loss) from discontinued operations (1) 896 37,909
Net income (loss) (2,410) (3,287) 40,173
Net (income) loss attributable to non-controlling interests (322) 1,327 (9,288)
Net income (loss) attributable to American Realty Investors, Inc. (2,732) (1,960) 30,885
Preferred dividend requirement (1,101) (1,216) (2,043)
Net income (loss) applicable to common shares $ (3,833) $ (3,176) $ 28,842
Earnings per share - basic      
Loss from continuing operations (in dollars per share) $ (.25) $ (0.27) $ (0.71)
Income from discontinued operations (in dollars per share)   0.06 2.99
Net income (loss) applicable to common shares (in dollars per share) (0.25) (0.21) 2.28
Earnings per share - diluted      
Loss from continuing operations (in dollars per share) (0.25) (0.27) (0.71)
Income from discontinued operations (in dollars per share)   0.06 2.99
Net income (loss) applicable to common shares (in dollars per share) $ (0.25) $ (0.21) $ 2.28
Weighted average common shares used in computing earnings per share (in shares) 15,514,360 15,111,107 12,683,956
Weighted average common shares used in computing diluted earnings per share (in shares) 15,514,360 15,111,107 12,683,956
Amounts attributable to American Realty Investors, Inc.      
Loss from continuing operations $ (2,731) $ (2,856) $ (7,024)
Income from discontinued operations (1) 896 37,909
Net income (loss) $ (2,732) $ (1,960) $ 30,885