American Realty Investors (ARL) saw its loss widen to $5.71 million, or $0.39 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $3.20 million, or $0.24 a share.
Revenue during the quarter grew 8.96 percent to $31.82 million from $29.20 million in the previous year period.
Total expenses were $27.34 million for the quarter, up 5.66 percent or $1.46 million from year-ago period. Operating margin for the quarter expanded 269 basis points over the previous year period to 14.07 percent.
Operating income for the quarter was $4.48 million, compared with $3.32 million in the previous year period.
Receivables move up marginally
Net receivables were at $121.70 million as on Mar. 31, 2017, up 4.70 percent or $5.46 million from year-ago.
Total assets grew 9.61 percent or $106.46 million to $1,213.72 million on Mar. 31, 2017. On the other hand, total liabilities were at $1,043.84 million as on Mar. 31, 2017, up 11.69 percent or $109.23 million from year-ago.
Return on assets moved down 5 basis points to 0.90 percent in the quarter. Return on equity for the quarter stood at negative 3.53 percent as compared to a negative 2.14 percent for the previous year period.
Debt moves up marginally
Total debt was at $835.30 million as on Mar. 31, 2017, up 3.31 percent or $26.79 million from year-ago. Shareholders equity stood at $169.88 million as on Mar. 31, 2017, down 1.61 percent or $2.78 million from year-ago. As a result, debt to equity ratio went up 23 basis points to 4.92 percent in the quarter.
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