DALLAS (AP) — DALLAS (AP) — American Realty Investors Inc. (ARL) on Thursday reported first-quarter earnings of $3 million.
On a per-share basis, the Dallas-based company said it had net income of 18 cents. Losses, adjusted for non-recurring gains, came to 1 cent per share.
The real estate investment company posted revenue of $12 million in the period.
ARL shares have declined 10% since the beginning of the year. The stock has declined 3% in the last 12 months.
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