NYSE:ARLReal Estate
American Realty Investors (ARL) Stock Shrugs Off Loss As FFO Slides
American Realty Investors shares edged 2.5% higher to US$15.36 after the Q2 release, even though the headline story was fresh pressure on profitability. The stock came into earnings after a weak 30 day stretch, and traders quickly focused on the company’s still positive trailing 12 month earnings.
The real tension is between that profitable trailing picture and the quarterly income statement, which showed a small loss alongside modest revenue of US$12.9m. With a P/E of 29.7x, sitting above...