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Article: American Realty Investors, Inc. Reports Fourth Quarter 2007 Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- April 1, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS -- American Realty Investors, Inc. (NYSE: ARL), a Dallas-based real estate investment company, today reported net income for the year ended December 31, 2007. The Company is aware of the challenges that are currently facing the real estate industry. Despite these issues, given the quality of the underlying assets and our attention to details, management remains highly focused on its operations, development projects and investment strategy.
ARI announced today that the Company reported net income applicable to common shares of $24.1 million or $2.35 per diluted share as compared to $10.6 million or $1.04 per diluted share for the twelve months ended ...
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