Overview

* American Realty Q2 net income rises to $2.8 mln from $1.2 mln yr ago

* Rental revenues increased to $11.5 mln

* Co paid off $10.8 mln loan on 770 South Post Oak with cash on hand

* The Company's primary asset and source of its operating results is its investment in Transcontinental Realty Investors, Inc.

Result Drivers

* OCCUPANCY INCREASE - Rental revenue growth driven by higher occupancy at Stanford Center

* REAL ESTATE GAINS - Gain on sale of single-family lots contributed to net income increase

* EXPENSE REDUCTION - Decrease in insurance and property tax costs helped reduce operating loss

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $11.50

Rental mln

Revenues

Q2 Net $2.80

Income mln

Q2 -$1 mln

Operatin

g Income

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)