AMERICAN REALTY INVESTORS INC
For the period ended Dec 31, 2023. Filed Mar 21, 2024.
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FY2023 · Filed Mar 21, 2024
ARL$21.67-2.3%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets at December 31, 2023 and 2022
(dollars in thousands, except par value amounts)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets: | ||
| Real estate | $501,586 | $493,821 |
| Cash and cash equivalents | 36,740 | 113,445 |
| Restricted cash | 42,327 | 108,883 |
| Short-term investments | 90,448 | 119,787 |
| Notes receivable (including $75,362 and $76,935 at December 31, 2023 and 2022, respectively, from related parties) | 144,142 | 139,609 |
| Investment in unconsolidated joint ventures | 10,060 | 28,226 |
| Receivable from related parties | 96,533 | 108,184 |
| Other assets (including $2,012 and $4,663 at December 31, 2023 and 2022, respectively, from related parties) | 101,648 | 85,524 |
| Total assets | $1,023,484 | $1,197,479 |
| Liabilities and Equity | ||
| Liabilities: | ||
| Mortgages and other notes payable | $182,683 | $188,004 |
| Bonds payable | — | 129,218 |
| Accounts payable and other liabilities (including $1,016 and $599 at December 31, 2023 and 2022, respectively, to related parties) | 11,866 | 53,100 |
| Interest payable | 2,633 | 5,198 |
| Deferred revenue | 9,791 | 9,791 |
| Total liabilities | 206,973 | 385,311 |
| Equity: | ||
| Shareholders' equity | ||
| Preferred stock, Series A, $2.00 par value, 15,000,000 shares authorized, 1,800,614 shares issued and outstanding | 1,801 | 1,801 |
| Common stock, $0.01 par value, 100,000,000 shares authorized; 16,152,043 shares issued and outstanding | 162 | 162 |
| Additional paid-in capital | 61,638 | 62,090 |
| Retained earnings | 553,402 | 549,434 |
| Total shareholders’ equity | 617,003 | 613,487 |
| Noncontrolling interest | 199,508 | 198,681 |
| Total equity | 816,511 | 812,168 |
| Total liabilities and equity | $1,023,484 | $1,197,479 |
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