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ARL / American Realty: New Multifamily Property Agreement And Undervalued

American Realty: New Multifamily Property Agreement And Undervalued
American Realty Investors, Inc. reported a significant increase in assets, net income growth, and new agreements to develop a 240-unit multifamily property in Lake Wales, Florida. The company's total assets increased from less than $900 million in 2019 to about $1.19 billion in 2023, and it owns a 78.4% stake in Transcontinental Realty Investors. Despite risks such as inflation and potential interest rate increases, the company's stock appears undervalued, and further reduction in total debt could accelerate demand for the stock. Read More
Posted: Jul 8 2023, 02:36
Author Name: Seeking Alpha
Views: 102263

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American Realty: New Multifamily Property Agreement And Undervalued

By Seeking Alpha
July 8, 2023

American Realty: New Multifamily Property Agreement And Undervalued

American Realty Investors, Inc. reported a significant increase in assets, net income growth, and new agreements to develop a 240-unit multifamily pro more_horizontal


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