Fri, May 13, 2022 3:36 PM
STATS Perform dba Automated Insights
DALLAS (AP) _ American Realty Investors Inc. (ARL) on Friday reported first-quarter profit of $11.3 million.
On a per-share basis, the Dallas-based company said it had net income of 70 cents. Earnings, adjusted to extinguish debt, came to 80 cents per share.
The real estate investment company posted revenue of $7.8 million in the period.
ARL shares have risen 66% since the beginning of the year. In the final minutes of trading on Friday, shares hit $21.06, more than doubling in the last 12 months.