CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Rental and other property revenues (including $199 and $174 for the three months and $289 and $521 for the nine months ended 2017 and 2016, respectively, from related parties)	$ 31,807	$ 30,067	$ 95,216	$ 90,106
Expenses:
Property operating expenses (including $245 and $230 for the three months and $721 and $671 for the nine months ended 2017 and 2016, respectively, from related parties)	15,403	15,671	47,098	46,078
Depreciation and amortization	6,373	6,025	19,113	17,723
General and administrative (including $1,074 and $941 for the three months and $2,534 and $1,860 for the nine months ended 2017 and 2016, respectively, from related parties)	1,766	1,760	5,797	6,197
Net income fee to related party	53	67	189	193
Advisory fee to related party	2,802	2,749	8,310	8,174
Total operating expenses	26,397	26,272	80,507	78,365
Net operating income	5,410	3,795	14,709	11,741
Other income (expenses):
Interest income (including $3,638 and $5,395 for the three months and $13,511 and $14,482 for the nine months ended 2017 and 2016, respectively, from related parties)	4,232	5,712	14,083	15,791
Other income	190	252	1,517	1,452
Mortgage and loan interest (including $1,718 and $1,412 for the three months and $4,914 and $3,860 for the nine months ended 2017 and 2016, respectively, from related parties)	(15,717)	(15,362)	(49,859)	(43,551)
Earnings from unconsolidated subsidiaries and investees	41	146	249	430
Foreign currency transaction loss	1,906		(1,841)
Total other expenses	(9,348)	(9,252)	(35,851)	(25,878)
Loss before gain on sale of income producing properties, gain on land sales, non-controlling interest, and taxes	(3,938)	(5,457)	(21,142)	(14,137)
Gain on sale of income producing properties	12,760		12,760	4,925
Gain on land sales	1,062	555	1,032	3,925
Net income (loss) from continuing operations before taxes	9,884	(4,902)	(7,350)	(5,287)
Income tax expense		(46)		(45)
Net income (loss) from continuing operations	9,884	(4,948)	(7,350)	(5,332)
Discontinued operations:
Net income from discontinued operations				3
Income tax expense from discontinued operations				(1)
Net income from discontinued operations				2
Net income (loss)	9,884	(4,948)	(7,350)	(5,330)
Net (income) loss attributable to non-controlling interest	(522)	1,194	106	860
Net income (loss) attributable to American Realty Investors, Inc.	9,362	(3,754)	(7,244)	(4,470)
Preferred dividend requirement	(275)	(275)	(825)	(825)
Net income (loss) applicable to common shares	$ 9,087	$ (4,029)	$ (8,069)	$ (5,295)
Earnings per share - basic and diluted
Net income (loss) per share (in dollars per share)	$ 0.59	$ (0.26)	$ (0.52)	$ (0.34)
Weighted average common shares used in computing earnings per share basic and diluted (in shares)	15,514,360	15,514,360	15,514,360	15,514,360
Amounts attributable to American Realty Investors, Inc.
Net income (loss) from continuing operations	$ 9,362	$ (3,754)	$ (7,244)	$ (4,472)
Net income from discontinued operations				2
Net loss applicable to American Realty Investors, Inc.	$ 9,362	$ (3,754)	$ (7,244)	$ (4,470)