2024 Q1 Form 10-K Financial Statement

#000110223824000004 Filed on March 21, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $11.90M $14.05M $50.50M
YoY Change 1.81% 5.55% 34.51%
Cost Of Revenue $6.634M $7.316M $27.90M
YoY Change 8.65% 26.18% 52.11%
Gross Profit $5.265M $6.731M $22.60M
YoY Change -5.68% -10.38% 17.7%
Gross Profit Margin 44.25% 47.92% 44.76%
Selling, General & Admin $3.610M $4.891M $20.20M
YoY Change -35.14% 52.08% 7.52%
% of Gross Profit 68.57% 72.66% 89.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.185M $4.051M $14.57M
YoY Change -15.18% 9.43% 11.14%
% of Gross Profit 60.49% 60.18% 64.46%
Operating Expenses $6.782M $8.922M $33.84M
YoY Change -21.76% 47.18% 18.87%
Operating Profit -$1.517M -$2.191M -$11.24M
YoY Change -50.84% -251.21% 21.29%
Interest Expense $4.294M $14.00K $21.58M
YoY Change -49.75% -98.46% -95.67%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.777M -$4.256M $6.707M
YoY Change -49.13% -105.84% -98.83%
Income Tax $475.0K -$960.0K $1.456M
% Of Pretax Income 17.1% 21.71%
Net Earnings $1.751M -$2.123M $3.968M
YoY Change -41.2% -104.89% -99.17%
Net Earnings / Revenue 14.72% -15.11% 7.86%
Basic Earnings Per Share $0.11 -$0.13 $0.25
Diluted Earnings Per Share $0.11 -$0.13 $0.25
COMMON SHARES
Basic Shares Outstanding 16.15M shares 16.15M shares 16.15M shares
Diluted Shares Outstanding 16.15M shares 16.15M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.70M $36.74M $36.74M
YoY Change -1.16% -67.61% -67.61%
Cash & Equivalents $54.70M $36.74M $36.74M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $97.00M $96.53M $96.53M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $151.7M $133.3M $133.3M
YoY Change -3.51% -39.87% -39.87%
LONG-TERM ASSETS
Property, Plant & Equipment $503.1M $501.6M $501.6M
YoY Change 0.04% 1.57% 1.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $86.70M $100.5M $100.5M
YoY Change -49.23% -32.1% -32.1%
Other Assets $38.35M $42.33M $42.33M
YoY Change -30.51% -61.13% -61.13%
Total Long-Term Assets $870.5M $890.2M $890.2M
YoY Change -8.96% -8.78% -8.78%
TOTAL ASSETS
Total Short-Term Assets $151.7M $133.3M $133.3M
Total Long-Term Assets $870.5M $890.2M $890.2M
Total Assets $1.022B $1.023B $1.023B
YoY Change -8.19% -14.53% -14.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.560M $11.87M $11.87M
YoY Change -82.85% -77.65% -77.65%
Accrued Expenses $2.775M $2.633M $2.633M
YoY Change 5.07% -49.35% -49.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.34M $14.50M $14.50M
YoY Change -78.88% -75.13% -75.13%
LONG-TERM LIABILITIES
Long-Term Debt $181.8M $182.7M $182.7M
YoY Change -20.55% -42.41% -42.41%
Other Long-Term Liabilities $9.791M $9.791M $9.791M
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Liabilities $191.6M $192.5M $192.5M
YoY Change -19.7% -41.14% -41.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.34M $14.50M $14.50M
Total Long-Term Liabilities $191.6M $192.5M $192.5M
Total Liabilities $204.0M $207.0M $406.5M
YoY Change -31.34% -46.28% -30.4%
SHAREHOLDERS EQUITY
Retained Earnings $555.2M $553.4M
YoY Change 0.5% 0.72%
Common Stock $162.0K $162.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $618.8M $617.0M $617.0M
YoY Change
Total Liabilities & Shareholders Equity $1.022B $1.023B $1.023B
YoY Change -8.19% -14.53% -14.53%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $1.751M -$2.123M $3.968M
YoY Change -41.2% -104.89% -99.17%
Depreciation, Depletion And Amortization $3.185M $4.051M $14.57M
YoY Change -15.18% 9.43% 11.14%
Cash From Operating Activities $3.867M -$38.90M -$31.05M
YoY Change 151.27% 1.02% -31.58%
INVESTING ACTIVITIES
Capital Expenditures $5.726M $8.582M $18.46M
YoY Change 1.29% -54.07% -1.2%
Acquisitions
YoY Change
Other Investing Activities $17.30M $44.97M $45.28M
YoY Change -171.45% -70.52% -85.27%
Cash From Investing Activities $11.57M $36.38M $26.81M
YoY Change -147.8% -76.14% -91.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $131.2M
YoY Change -100.0% 199.77%
Cash From Financing Activities -$1.456M -1.760M -$139.0M
YoY Change -98.37% -95.69% 23.71%
NET CHANGE
Cash From Operating Activities $3.867M -38.90M -$31.05M
Cash From Investing Activities $11.57M 36.38M $26.81M
Cash From Financing Activities -$1.456M -1.760M -$139.0M
Net Change In Cash $13.99M -4.281M -$143.3M
YoY Change -112.51% -105.85% -195.77%
FREE CASH FLOW
Cash From Operating Activities $3.867M -$38.90M -$31.05M
Capital Expenditures $5.726M $8.582M $18.46M
Free Cash Flow -$1.859M -$47.49M -$49.52M
YoY Change -54.81% -16.98% -22.72%

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13111000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15029000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1593000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-3284000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-1326000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3242000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
469268000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
14634000 usd
CY2023 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 usd
CY2022 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5200000 usd
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
3157000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
10273000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-7782000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
14205000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
11081000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
7585000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-18246000 usd
CY2023 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-1719000 usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-1318000 usd
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-4650000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-28794000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
39053000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2564000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-31054000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-45386000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11523000 usd
CY2023 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1967000 usd
CY2022 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
3027000 usd
CY2021 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
18171000 usd
CY2023 arl Origination And Advances Of Notes Receivable
OriginationAndAdvancesOfNotesReceivable
6500000 usd
CY2022 arl Origination And Advances Of Notes Receivable
OriginationAndAdvancesOfNotesReceivable
2305000 usd
CY2021 arl Origination And Advances Of Notes Receivable
OriginationAndAdvancesOfNotesReceivable
4968000 usd
CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
91007000 usd
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
277641000 usd
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
16000000 usd
CY2023 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
120346000 usd
CY2022 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
175250000 usd
CY2021 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 usd
CY2023 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
18462000 usd
CY2022 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
18686000 usd
CY2021 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
8070000 usd
CY2023 us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
1128000 usd
CY2022 us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
1163000 usd
CY2021 us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
877000 usd
CY2023 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
188000 usd
CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
44591000 usd
CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
105547000 usd
CY2023 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
0 usd
CY2022 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
0 usd
CY2021 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
411000 usd
CY2023 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
21409000 usd
CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
384284000 usd
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
7430000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
26813000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
307357000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
100822000 usd
CY2023 arl Proceeds From Mortgages Notes And Bonds Payable
ProceedsFromMortgagesNotesAndBondsPayable
0 usd
CY2022 arl Proceeds From Mortgages Notes And Bonds Payable
ProceedsFromMortgagesNotesAndBondsPayable
0 usd
CY2021 arl Proceeds From Mortgages Notes And Bonds Payable
ProceedsFromMortgagesNotesAndBondsPayable
20015000 usd
CY2023 arl Repayment Of Mortgages Notes And Bonds Payable
RepaymentOfMortgagesNotesAndBondsPayable
137657000 usd
CY2022 arl Repayment Of Mortgages Notes And Bonds Payable
RepaymentOfMortgagesNotesAndBondsPayable
111022000 usd
CY2021 arl Repayment Of Mortgages Notes And Bonds Payable
RepaymentOfMortgagesNotesAndBondsPayable
118900000 usd
CY2023 arl Payments For Repurchase Of Equity By Noncontrolling Interest
PaymentsForRepurchaseOfEquityByNoncontrollingInterest
908000 usd
CY2022 arl Payments For Repurchase Of Equity By Noncontrolling Interest
PaymentsForRepurchaseOfEquityByNoncontrollingInterest
0 usd
CY2021 arl Payments For Repurchase Of Equity By Noncontrolling Interest
PaymentsForRepurchaseOfEquityByNoncontrollingInterest
0 usd
CY2023 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
435000 usd
CY2022 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
1355000 usd
CY2021 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
4086000 usd
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
20000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
614000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-139020000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-112377000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-103585000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-143261000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
149594000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
222328000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72734000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentration of credit risk</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We maintain our cash balances at commercial banks and through investment companies, the deposits that are insured by the Federal Deposit Insurance Corporation. At December 31, 2023 and 2022, the Company maintained balances in excess of the insured amount.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of estimates</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the preparation of consolidated financial statements in conformity with GAAP, it is necessary for management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expense for the year ended. Actual results could differ from those estimates.</span></div>
CY2021 us-gaap Profit Loss
ProfitLoss
6445000 usd
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16152043 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16152043 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16152043 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2023 us-gaap Interest Paid Net
InterestPaidNet
11014000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
22211000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
28891000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
38072000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
55288000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
910000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
113445000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
50748000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
108883000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
50748000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
108883000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
21986000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
79067000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
222328000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72734000 usd
CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
6481000 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
67263000 usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
65242000 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
131176000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
43759000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
53658000 usd
CY2023 arl Repayment Of Mortgages Notes And Bonds Payable
RepaymentOfMortgagesNotesAndBondsPayable
137657000 usd
CY2022 arl Repayment Of Mortgages Notes And Bonds Payable
RepaymentOfMortgagesNotesAndBondsPayable
111022000 usd
CY2021 arl Repayment Of Mortgages Notes And Bonds Payable
RepaymentOfMortgagesNotesAndBondsPayable
118900000 usd
CY2023 arl Assets Acquired In Exchange For Related Party Receivable
AssetsAcquiredInExchangeForRelatedPartyReceivable
8764000 usd
CY2022 arl Assets Acquired In Exchange For Related Party Receivable
AssetsAcquiredInExchangeForRelatedPartyReceivable
0 usd
CY2021 arl Assets Acquired In Exchange For Related Party Receivable
AssetsAcquiredInExchangeForRelatedPartyReceivable
0 usd
CY2023 arl Assets Distributed From Joint Venture
AssetsDistributedFromJointVenture
0 usd
CY2022 arl Assets Distributed From Joint Venture
AssetsDistributedFromJointVenture
133372000 usd
CY2021 arl Assets Distributed From Joint Venture
AssetsDistributedFromJointVenture
0 usd
CY2023 arl Liabilities Assumed By Joint Venture
LiabilitiesAssumedByJointVenture
0 usd
CY2022 arl Liabilities Assumed By Joint Venture
LiabilitiesAssumedByJointVenture
72143000 usd
CY2021 arl Liabilities Assumed By Joint Venture
LiabilitiesAssumedByJointVenture
0 usd
CY2023 arl Distribution From Joint Venture Applied To Earn Out Obligation
DistributionFromJointVentureAppliedToEarnOutObligation
0 usd
CY2022 arl Distribution From Joint Venture Applied To Earn Out Obligation
DistributionFromJointVentureAppliedToEarnOutObligation
34159000 usd
CY2021 arl Distribution From Joint Venture Applied To Earn Out Obligation
DistributionFromJointVentureAppliedToEarnOutObligation
5441000 usd
CY2023 us-gaap Contribution Of Property
ContributionOfProperty
0 usd
CY2022 us-gaap Contribution Of Property
ContributionOfProperty
0 usd
CY2021 us-gaap Contribution Of Property
ContributionOfProperty
18608000 usd
CY2023 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 usd
CY2022 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 usd
CY2021 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
15606000 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023 us-gaap Profit Loss
ProfitLoss
5251000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
475317000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
6445000 usd
CY2023Q4 us-gaap Assets
Assets
1023484000 usd
CY2022Q4 us-gaap Assets
Assets
1197479000 usd
CY2023 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
45466000 usd
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
32163000 usd
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
35555000 usd
CY2023 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1557000 usd
CY2022 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1917000 usd
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2253000 usd
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
47023000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
34080000 usd
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
37808000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
11500000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
11094000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
10718000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
10356000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
9936000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
18327000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
71931000 usd
CY2023Q4 us-gaap Land
Land
104156000 usd
CY2022Q4 us-gaap Land
Land
108933000 usd
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
372399000 usd
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
359904000 usd
CY2023Q4 us-gaap Tenant Improvements
TenantImprovements
16286000 usd
CY2022Q4 us-gaap Tenant Improvements
TenantImprovements
25611000 usd
CY2023Q4 us-gaap Development In Process
DevelopmentInProcess
76110000 usd
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
65427000 usd
CY2023Q4 arl Real Estate Investment Property Excluding Real Estate Held For Sale At Cost
RealEstateInvestmentPropertyExcludingRealEstateHeldForSaleAtCost
568951000 usd
CY2022Q4 arl Real Estate Investment Property Excluding Real Estate Held For Sale At Cost
RealEstateInvestmentPropertyExcludingRealEstateHeldForSaleAtCost
559875000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
67365000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
66054000 usd
CY2023Q4 us-gaap Real Estate Investments
RealEstateInvestments
501586000 usd
CY2022Q4 us-gaap Real Estate Investments
RealEstateInvestments
493821000 usd
CY2023Q1 arl Real Estate Investment Appraised Value
RealEstateInvestmentAppraisedValue
6064000 usd
CY2023 us-gaap Depreciation
Depreciation
12887000 usd
CY2022 us-gaap Depreciation
Depreciation
8962000 usd
CY2021 us-gaap Depreciation
Depreciation
10820000 usd
CY2023 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-1923000 usd
CY2022 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
87132000 usd
CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
24647000 usd
CY2023Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.0565
CY2023 arl Financing Receivable Convertible Conversion Feature Ownership Interest
FinancingReceivableConvertibleConversionFeatureOwnershipInterest
1
CY2023 srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.120
CY2023 arl Financing Receivable Accrued Interest After Allowance For Credit Loss Statement Of Financial Position Extensible List Not Disclosed Flag
FinancingReceivableAccruedInterestAfterAllowanceForCreditLossStatementOfFinancialPositionExtensibleListNotDisclosedFlag
accrued interest
CY2023Q4 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
4159000 usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
10060000 usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
28226000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
182683000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
188004000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
23299000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
14102000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
3265000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
3376000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
3493000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
136115000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
183650000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
967000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
182683000 usd
CY2023Q4 arl Debt Instrument Number Of Instruments
DebtInstrumentNumberOfInstruments
3 instrument
CY2022Q4 arl Bonds Payable
BondsPayable
131323000 usd
CY2022Q4 arl Bond And Bond Interest Payable
BondAndBondInterestPayable
129218000 usd
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2023Q4 us-gaap Deferred Gain On Sale Of Property
DeferredGainOnSaleOfProperty
9791000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1293000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
77374000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-1408000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
163000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7710000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
341000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
13024000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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136607000 usd

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