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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Rental and other property revenues (including $144, $839 and $708 for the year ended 2018, 2017 and 2016, respectively, from related parties) $ 120,956 $ 126,221 $ 119,663
Expenses:      
Property operating expenses (including $254, $959 and $900 for the year ended 2018, 2017 and 2016, respectively, from related parties) 59,587 64,091 62,950
Depreciation and amortization 22,670 25,679 23,785
General and administrative (including $1,267, $3,225 and $4,053 for the year ended 2018, 2017 and 2016, respectively, from related parties) 12,708 7,691 7,119
Net income fee to related party 631 250 257
Advisory fee to related party 11,475 11,082 10,918
Total operating expenses 107,071 108,793 105,029
Net operating income 13,885 17,428 14,634
Other income (expenses):      
Interest income (including $5,406, $16,298 and $18,864 for the year ended 2018, 2017 and 2016, respectively, from related parties) 21,645 18,941 20,453
Other income 28,993 4,082 2,091
Mortgage and loan interest (including $2,240, $6,695 and $5,300 for the year ended 2018, 2017 and 2016, respectively, from related parties) (66,063) (66,171) (59,362)
Loss on the sale of investments   (331)  
Foreign currency transaction gain (loss) 12,399 (4,536)  
Equity earnings from VAA 44    
Earnings (losses) from other unconsolidated investees 1,469 309 493
Total other (expenses) (1,513) (47,706) (36,325)
Income (loss) before gain on formation of joint venture, gain on land sales, non-controlling interest, and taxes 12,372 (30,278) (21,691)
Gain on disposition of 50% interest in VAA 154,126    
Gain on sale of income-producing properties   16,698 16,207
Gain on land sales 17,404 4,884 3,121
Net income (loss) from continuing operations before taxes 183,902 (8,696) (2,363)
Income tax expense (1,210) (180) (46)
Net income (loss) from continuing operations 182,692 (8,876) (2,409)
Discontinued operations:      
Net loss from discontinued operations     (2)
Income tax expense from discontinued operations     1
Net income from discontinued operations     (1)
Net income (loss) 182,692 (8,876) (2,410)
Net (income) loss attributable to non-controlling interest (8,993) 445 (322)
Net income (loss) attributable to American Realty Investors, Inc. 173,699 (8,431) (2,732)
Preferred dividend requirement (901) (1,105) (1,101)
Net income (loss) applicable to common shares $ 172,798 $ (9,536) $ (3,833)
Earnings per share - basic      
Net loss from continuing operations (in dollars per share) $ 10.81 $ (0.61) $ (0.25)
Earnings per share - diluted      
Net income (loss) from continuing operations (in dollars per share) $ 10.81 $ (0.61) $ (0.25)
Weighted average common shares used in computing earnings per share (in shares) 15,982,528 15,514,360 15,514,360
Weighted average common shares used in computing diluted earnings per share (in shares) 15,982,528 15,514,360 15,514,360
Amounts attributable to American Realty Investors, Inc.      
Net income (loss) from continuing operations (in dollars per share) $ 173,699 $ (8,431) $ (2,731)
Net loss from discontinued operations     (1)
Net income (loss) applicable to American Realty Investors, Inc. $ 173,699 $ (8,431) $ (2,732)