American Realty Investors, Inc. (NYSE:ARL) has released the operations results for the year and quarter ended December 31, 2009. The company’s full year net loss was reported as $72.6 million, or $6.46 per share. 2008 reported net income of $20.1 million, or $1.85 per share. The fourth quarter had a net loss of $26.3 million, or $2.34 per share, versus a net loss of $18.1 million, or $1.61 per share for the year ago period. The company’s income from discontinued operations for the year was $6.5 million, which includes the income from ten properties. 2008’s income from discontinued operations was $70.9 million with 37 properties that were discontinued.
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American Realty Investors, Inc. (ARL) is an externally advised and managed real estate investment company that owns a diverse portfolio of income-producing properties and land held for development. The Company’s portfolio of income-producing properties includes residential apartment communities, office buildings, hotels, a trade mart located in Denver, Colorado and other commercial properties. As of December 31, 2008, the Company owned approximately 11,437 units in 59 residential apartment communities, one single family residential, 34 commercial properties comprising almost 5.9 million rentable square feet and five hotels containing a total of 808 rooms. In addition, as of December 31, 2008, ARI owned 12,578 acres of land held for development and five projects under construction.
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