American Realty Investors, Inc. Reports First Quarter 2017 Results

DALLAS--(BUSINESS WIRE)--American Realty Investors, Inc. (NYSE:ARL), a Dallas-based real estate investment company, today reported results of operations for the first quarter ended March 31, 2017. For the three months ended March 31, 2017, we reported a net loss applicable to common shares of $6.0 million or ($0.39) per diluted loss per share compared to a net loss applicable to common shares of $3.7 million or ($0.24) per diluted loss per share for the same period ended 2016. Included in the net loss from operations is non-cash expenses of depreciation and amortization of $6.3 million and $5.8 million for the three months ended March 31, 2017 and 2016 respectively.