CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues:
Rental and other property revenues (including $190 and $173 for the three months ended 2017 and 2016, respectively, from related parties)	$ 31,822	$ 29,205
Expenses:
Property operating expenses (including $237 and $210 for the three months ended 2017 and 2016, respectively, from related parties)	16,265	15,216
Depreciation and amortization	6,330	5,830
General and administrative (including $962 and $918 for the three months ended 2017 and 2016, respectively, from related parties)	2,031	2,025
Net income fee to related party	60	72
Advisory fee to related party	2,659	2,738
Total operating expenses	27,345	25,881
Net operating income	4,477	3,324
Other income (expenses):
Interest income (including $4,476 and $4,528 for the three months ended 2017 and 2016, respectively, from related parties)	4,792	5,291
Other income	1,443	298
Mortgage and loan interest (including $1,511 and $1,092 for the three months ended 2017 and 2016, respectively, from related parties)	(16,796)	(14,214)
Foreign currency transaction loss	(323)
Earnings from unconsolidated subsidiaries and investees	55	155
Total other expenses	(10,829)	(8,470)
Loss before gain on land sales, non-controlling interest, and taxes	(6,352)	(5,146)
Loss on sale of income producing properties		(244)
Gain on land sales	445	1,652
Net loss from continuing operations before taxes	(5,907)	(3,738)
Income tax benefit		1
Net loss from continuing operations	(5,907)	(3,737)
Discontinued operations:
Net income from discontinued operations		3
Income tax expense from discontinued operations		(1)
Net income from discontinued operations		2
Net loss	(5,907)	(3,735)
Net income attributable to non-controlling interest	193	530
Net loss attributable to American Realty Investors, Inc.	(5,714)	(3,205)
Preferred dividend requirement	(275)	(497)
Net loss applicable to common shares	$ (5,989)	$ (3,702)
Earnings per share - basic
Net loss from continuing operations (in dollars per share)	$ (0.39)	$ (0.24)
Earnings per share - diluted
Net loss from continuing operations (in dollars per share)	$ (0.39)	$ (0.24)
Weighted average common shares used in computing earnings per share (in shares)	15,514,360	15,514,360
Weighted average common shares used in computing diluted earnings per share (in shares)	15,514,360	15,514,360
Amounts attributable to American Realty Investors, Inc.
Net loss from continuing operations	$ (5,714)	$ (3,207)
Net income from discontinued operations		2
Net loss applicable to American Realty Investors, Inc.	$ (5,714)	$ (3,205)