American Realty Investors, Inc. (ARL) Stock

American Realty Investors, Inc. (ARL) is a Real Estate stock trading at $15.30 (as of 2026-08-21), with a market capitalization of $247.13M and a trailing P/E of 29.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

American Realty Investors, Inc., together with its subsidiaries, acquires, develops, and owns multifamily apartment communities and commercial real estate properties in the southwestern, southeastern, and mid-western United States. The company leases apartment units to residents; and leases office, industrial, and retail space to various for-profit businesses, as well as local, state, and federal agencies; and sells land and properties. As of December 31, 2021, its portfolio included five commercial properties comprising four office buildings and one retail properties; nine multifamily apartment communities consisting of 1,492 units; and fifty-two multifamily apartment communities totaling 10,281 units. The company also owns or controls 1,886 acres of developed and undeveloped land. American Realty Investors, Inc. was founded in 1999 and is headquartered in Dallas, Texas.

Understand American Realty Investors, Inc.: how it makes money

American Realty Investors acquires, develops, and owns multifamily apartments and commercial properties, earns rent from leasing these spaces to residents and businesses or government agencies, and also generates revenue by selling land and properties.

Near-term profitability is driven by leasing performance, where occupancy and rent collection determine rental income, while the company also monetizes through property and land sales, which can make results more lumpy versus pure leasing.

Business quality (Weak): The company provides clear operating signals tied to its core model (occupancy and rent collection) and shows evidence of both leasing and sales activity, but the provided data lacks a clean segment revenue breakdown and the latest-quarter operating margin is negative.

Valuation: At 20× earnings, ARL trades 43% below the Real Estate average (34×). Note: one-time items can distort reported P/E.

Bull case

  • High multifamily stabilization: The company reports Stabilized Occupancy at Multifamily Properties of 93%.
  • Strong rent collection: It reports a Rent Collection Rate of 99%, and 97% for multifamily tenants.
  • Ongoing monetization and pipeline: The company reports Multifamily Units Sold (200 count), Properties Sold by VAA (45 count), and Multifamily units in development (including Mountain Creek Units in Development at 234 count).

Bear case

  • Negative operating profitability in the latest quarter: The provided latest-quarter operating margin is -17.8.
  • Commercial leasing pressure: Commercial Occupancy Percentage is 58%, and reported occupancy at specific commercial properties is lower (Occupancy at Alera 47%, Bandera Ridge 44%, Merano 42%).
  • Lumpiness risk from sales exposure: Because the business includes selling land and properties (for example, Multifamily Units Sold and Properties Sold by VAA are tracked), results can be more dependent on sales timing than leasing alone.
Valuation — source: SEC EDGAR (first-party)
Price$15.30
Market Cap$247.13M
P/E Ratio29.6
EV / EBITDA95.3
Price / Book0.30
Price / Sales4.84
DCF Value (model)$22.21
DCF Upside vs Price45.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$50.01M
Net Margin31.4%
Revenue Growth (YoY)5.8%
EPS Growth (YoY)-133.3%
Valuation vs Sector & Industry
Stock P/E29.6
Sector P/E (Real Estate)27.3
Industry P/E (Real Estate)29.6
vs Sector8.5%
vs Industry0.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderWealth Alliance Advisory Group, LLC ($2.69M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryReal Estate
CEOErik L. Johnson
Employees0
CountryUS
IPO Date1982-04-21

Related Companies (Real Estate; 8 comparable real estate companies)

  • Tejon Ranch Co. (TRC)
  • FRP Holdings, Inc. (FRPH)
  • Comstock Holding Companies, Inc. (CHCI)
  • Mobile Infrastructure Corporation (BEEP)
  • Sky Harbour Group Corporation (SKYH)
  • Five Point Holdings, LLC (FPH)
  • Star Holdings (STHO)
  • J.W. Mays, Inc. (MAYS)
ARL earnings history · ARL institutional & insider holders · ARL KPIs & operating metrics · ARL financials · ARL investor presentations & press releases · ARL SEC filings · ARL peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.