DALLAS (AP) — DALLAS (AP) — American Realty Investors Inc. (ARL) on Thursday reported a fourth-quarter loss of $2.1 million, after reporting a profit in the same period a year earlier.
The Dallas-based company said it had a loss of 13 cents per share.
The real estate investment company posted revenue of $14 million in the period.
For the year, the company reported profit of $4 million, or 25 cents per share. Revenue was reported as $50.5 million.
ARL shares have risen almost 5% since the beginning of the year. The stock has decreased 39% in the last 12 months.
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