DALLAS (AP) — American Realty Investors Inc. (ARL) on Wednesday reported a second-quarter loss of $2.8 million, after reporting a profit in the same period a year earlier.
The Dallas-based company said it had a loss of 17 cents per share.
The real estate investment company posted revenue of $11.8 million in the period.
ARL shares have dropped slightly more than 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.55, a decrease of 35% in the last 12 months.