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NEWS RELEASE FOR IMMEDIATE RELEASE Contact : American Realty Investors , Inc. Investor Relations Erik Johnson ( 469 ) 522-4200 investor.relations@americanrealtyinvest.com American Realty Investors , Inc. reports Earnings for Q2 2026 DALLAS ( August 6 , 2026 ) -- American Realty Investors , Inc. ( NYSE : ARL ) is reporting its results of operations for the three months ended June 30 , 2026. For the three months ended June 30 , 2026 , we reported net loss attributable to common shares of $ 1.0 million or $ 0.06 per share , compared to a net income attributable to common shares of $ 2.8 million or $ 0.18 per share for the same period in 2025 . Financial Highlights • • Total occupancy was 81 % at June 30 , 2026 , which includes 93 % at our multifamily properties and 58 % at our commercial properties . Occupancy for our Alera , Bandera Ridge and Merano ( collectively , our " Development Properties " ) at June 30 , 2026 was 86 % , 85 % and 77 % , respectively . During the three months ended June 30 , 2026 , we sold 21 lots from our holdings in Windmill Farms for $ 1.0 million , resulting in a gain on sale of $ 0.8 million . Financial Results Revenues increased $ 0.7 million from $ 12.2 million for the three months ended June 30 , 2025 to $ 12.9 million for the three months ended June 30 , 2026. The increase in revenue is primarily due to an increase of $ 0.5 million from our multifamily properties and $ 0.2 million from our commercial properties . The increase in revenue from our multifamily properties is due to the lease - up of our Development Properties and the increase from our commercial properties is primarily due to an increase in occupancy at Stanford Center . Net operating loss increased $ 1.5 million from $ 1.0 million for the three months ended June 30 , 2025 to $ 2.5 million for the three months ended June 30 , 2026. Our increase in net operating loss was primarily due to a $ 1.6 million increase in operating expenses from the lease - up properties for the three months ended June 30 , 2026 . Net ( loss ) income attributable to common shares changed approximately $ 3.8 million from net income of $ 2.8 million for the three months ended June 30 , 2025 to a net loss of $ 1.0 million for the three months ended June 30 , 2026. The decrease in net income is primarily attributed to a $ 1.5 million increase in net operating loss and a $ 1.6 million decrease in interest income , net offset in part by a $ 1.3 million decrease in tax provision .