American Realty Investors
Owns and develops Southern US multifamily, office, land, and mortgage-note assets.
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Profile
Owns, operates, and develops multifamily and commercial properties across the Southern United States, with land and mortgage-note investments alongside rental revenue. The business is externally managed by Pillar and depends on regional property demand, development execution, financing access, and related-party arrangements.
Owns, operates, and develops real estate through Residential and Commercial segments, with a portfolio centered on Southern U.S. multifamily communities and office properties. Land holdings and mortgage notes sit alongside the rental-property base rather than a separate consumer-facing product line.
Runs an externally managed model: Pillar Income Asset Management provides advisory and cash-management services, while related entities handle selected property-management and leasing services. Realty Advisors controls most common stock and also owns Pillar.
Execution centers on acquiring, developing, leasing, and stabilizing income-producing multifamily properties in secondary Southern markets, while opportunistically holding commercial properties, land, and mortgage receivables. Performance depends on regional property demand, construction and lease-up execution, financing access, and related-party arrangements.
Company facts
Key statistics
Year to date −3.6% · Average volume (30d) 10.5K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | — | −$0.06 | — | — | $12.9M | — | 0.00% |
| May 7, 2026Q1 FY26 | — | −$0.03 | — | — | $12.3M | — | +2.22% |
| Mar 12, 2026Q4 FY25 | — | −$0.10 | — | — | $13.0M | — | −1.81% |
| Nov 6, 2025Q3 FY25 | — | $0.01 | — | — | $12.8M | — | −0.18% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $12.0M | $12.2M | $12.8M | $13.0M | $12.3M | $12.9M | |
| Gross profit | $6.0M | $5.6M | $5.3M | −$29.5M | $8.7M | −$4.7M | |
| Operating income | −$813.0K | −$1.0M | −$1.6M | −$3.0M | −$2.2M | −$2.5M | |
| Net income | $3.0M | $2.8M | $129.0K | $9.8M | −$551.0K | −$1.0M | |
| Diluted EPS | $0.18 | $0.18 | $0.01 | $0.60 | −$0.03 | −$0.06 | |
| Gross margin | 50.2% | 46.3% | 41.2% | -226.6% | 70.6% | -36.9% | |
| Operating margin | -6.8% | -8.3% | -12.3% | -23.3% | -17.8% | -19.8% |
Fiscal years (4-quarter sums)FY21 $42.0M · FY22 $37.5M · FY23 $50.5M · FY24 $47.3M · FY25 $50.0M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $84.3M · Total debt $218.0M · Total assets $1.09B · Shareholders' equity $618.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 16.15M · Float 1.31M · 8.1% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Wealth Alliance Advisory Group, LLC | 174.3K | 1.08% | 13F | Apr 9, 2026 |
| BlackRock, Inc. | 92.8K | 0.57% | 13F | May 13, 2026 |
| Caldwell Sutter Capital, Inc. | 70.7K | 0.44% | 13F | May 6, 2026 |
| Geode Capital Management, LLC | 27.1K | 0.17% | 13F | May 15, 2026 |
| Northern Trust Corp | 19.6K | 0.12% | 13F | May 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Mid-America Apartment Communities
Large Sun Belt apartment REIT overlapping in multifamily leasing
- Camden Property Trust
Sun Belt multifamily REIT competing in apartment leasing and development
- Independence Realty Trust
Non-gateway apartment REIT overlapping in Southern multifamily markets
- NexPoint Residential Trust
Dallas-based Sun Belt apartment REIT focused on workforce housing
- Cousins Properties
Sun Belt office REIT competing for Class A office tenants and sites
- BRT
Smaller Sun Belt multifamily REIT with Southeast and Texas overlap
- Highwoods Properties
Sun Belt office REIT competing in Southern business-district leasing
- Forestar Group
Residential lot developer overlapping with land development and lot sales
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| American Realty Investors | $15.00 | −4.21% | $242.3M | 29.1 | — | 4.7 | +5.8% |
| Mid-America Apartment Communities | $128.57 | −0.84% | $15.08B | 37.9 | 41.5 | 6.8 | +1.0% |
| Camden Property Trust | $106.35 | +0.03% | $10.69B | 35.3 | 101.8 | 6.8 | −0.9% |
| Independence Realty Trust | $16.31 | +0.03% | $3.84B | 88.9 | 91.7 | 5.8 | +3.0% |
| NexPoint Residential Trust | $23.55 | −0.04% | $598.5M | — | — | 2.3 | +2.3% |
| Cousins Properties | $29.40 | −0.15% | $4.85B | 719.8 | 76.7 | 4.7 | +10.7% |
| BRT | $14.55 | +0.34% | $273.9M | — | — | 2.8 | +3.1% |
| Highwoods Properties | $31.01 | −0.45% | $3.44B | 20.5 | 37.0 | 4.1 | +7.2% |
| Forestar Group | $28.63 | +0.17% | $1.46B | 8.6 | 10.1 | 0.8 | +4.2% |
| Median | 36.6 | 59.1 | 4.4 | +3.1% |