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ARL - American Realty Inve...

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American Realty Investors, Inc.

ARL

NYSE

American Realty Investors, Inc., together with its subsidiaries, acquires, develops, and owns multifamily apartment communities and commercial real estate properties in the southwestern, southeastern, and mid-western United States. The company leases apartment units to residents; and leases office, industrial, and retail space to various for-profit businesses, as well as local, state, and federal agencies; and sells land and properties. As of December 31, 2021, its portfolio included five commercial properties comprising four office buildings and one retail properties; nine multifamily apartment communities consisting of 1,492 units; and fifty-two multifamily apartment communities totaling 10,281 units. The company also owns or controls 1,886 acres of developed and undeveloped land. American Realty Investors, Inc. was founded in 1999 and is headquartered in Dallas, Texas.

12.96 USD

-0.24 (-1.85%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

59.03M

42.04M

37.54M

50.5M

47.32M

53.5M

60.5M

68.41M

77.36M

87.47M

Revenue %

-

-28.78

-10.69

34.51

-6.3

13.07

13.07

13.07

13.07

Ebitda

37.36M

29.31M

604.07M

2.41M

6.78M

26.98M

30.51M

34.49M

39M

44.1M

Ebitda %

63.3

69.71

1.61k

4.76

14.33

50.42

50.42

50.42

50.42

Ebit

-21.78M

-33.35M

557.25M

-12.16M

-5.5M

-5.56M

-6.28M

-7.1M

-8.03M

-9.08M

Ebit %

-36.89

-79.33

1.48k

-24.09

-11.61

-10.39

-10.39

-10.39

-10.39

Depreciation

59.14M

62.66M

46.81M

14.57M

12.28M

37.97M

42.93M

48.54M

54.89M

62.07M

Depreciation %

100.19

149.04

124.68

28.85

25.94

70.96

70.96

70.96

70.96

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

36.81M

66.75M

233.23M

127.19M

99.72M

49.48M

55.95M

63.26M

71.53M

80.89M

Total Cash %

62.37

158.78

621.22

251.86

210.74

92.47

92.47

92.47

92.47

Receivables

259.96M

237.21M

247.79M

242.69M

237.75M

53.5M

60.5M

68.41M

77.36M

87.47M

Receivables %

440.42

564.25

660.01

480.57

502.45

100

100

100

100

Inventories

397.19M

347.93M

703.45M

-

-

32.1M

36.3M

41.05M

46.41M

52.48M

Inventories %

672.9

827.63

1.87k

-

-

60

60

60

60

Payable

27.3M

44.52M

53.1M

11.87M

32.1M

36.13M

40.85M

46.19M

52.23M

59.06M

Payable %

46.25

105.9

141.43

23.5

67.85

67.52

67.52

67.52

67.52

Cap Ex

-

-123.72M

-1.16M

-

-

-11.03M

-12.47M

-14.11M

-15.95M

-18.04M

Cap Ex %

-

-294.29

-3.1

-

-

-20.62

-20.62

-20.62

-20.62

Weighted Average Cost Of Capital

Price

12.96

Beta

Diluted Shares Outstanding

16.15M

Costof Debt

4.23

Tax Rate

After Tax Cost Of Debt

3.65

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

185.4M

Total Equity

209.33M

Total Capital

394.73M

Debt Weighting

46.97

Equity Weighting

53.03

Wacc

5.34

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

59.03M

42.04M

37.54M

50.5M

47.32M

53.5M

60.5M

68.41M

77.36M

87.47M

Ebitda

37.36M

29.31M

604.07M

2.41M

6.78M

26.98M

30.51M

34.49M

39M

44.1M

Ebit

-21.78M

-33.35M

557.25M

-12.16M

-5.5M

-5.56M

-6.28M

-7.1M

-8.03M

-9.08M

Tax Rate

13.75

13.75

13.75

13.75

13.75

13.75

13.75

13.75

13.75

13.75

Ebiat

-17.68M

-39.97M

362.82M

-7.2M

-4.74M

-4.35M

-4.92M

-5.57M

-6.29M

-7.12M

Depreciation

59.14M

62.66M

46.81M

14.57M

12.28M

37.97M

42.93M

48.54M

54.89M

62.07M

Receivables

259.96M

237.21M

247.79M

242.69M

237.75M

53.5M

60.5M

68.41M

77.36M

87.47M

Inventories

397.19M

347.93M

703.45M

-

-

32.1M

36.3M

41.05M

46.41M

52.48M

Payable

27.3M

44.52M

53.1M

11.87M

32.1M

36.13M

40.85M

46.19M

52.23M

59.06M

Cap Ex

-

-123.72M

-1.16M

-

-

-11.03M

-12.47M

-14.11M

-15.95M

-18.04M

Ufcf

-588.39M

-11.79M

50.94M

674.7M

32.71M

178.74M

19.06M

21.56M

24.37M

27.56M

Wacc

5.34

5.34

5.34

5.34

5.34

Pv Ufcf

169.68M

17.18M

18.44M

19.8M

21.25M

Sum Pv Ufcf

246.35M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

5.34

Free Cash Flow T1

27.7M

Terminal Value

572.42M

Present Terminal Value

441.34M

Intrinsic Value

Enterprise Value

687.69M

Net Debt

165.48M

Equity Value

522.21M

Diluted Shares Outstanding

16.15M

Equity Value Per Share

32.33

Projected DCF

32.33 0.599%

DCF Levered

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