DALLAS (AP) — DALLAS (AP) — American Realty Investors Inc. (ARL) on Thursday reported a loss of $161,000 in its fourth quarter.
On a per-share basis, the Dallas-based company said it had a loss of 1 cent.
The real estate investment company posted revenue of $12 million in the period.
For the year, the company reported a loss of $14.7 million, or 91 cents per share, swinging to a loss in the period. Revenue was reported as $47.3 million.
ARL shares have fallen roughly 9% since the beginning of the year. The stock has declined 24% in the last 12 months.
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