# AMERICAN REALTY INVESTORS INC (ARL) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from AMERICAN REALTY INVESTORS INC's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/ARL/mda/fy2025/): filed 2026-03-12; accession 0001102238-26-000004 (https://www.sec.gov/Archives/edgar/data/1102238/000110223826000004/arl-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/ARL/mda/fy2024/): filed 2025-03-20; accession 0001102238-25-000004 (https://www.sec.gov/Archives/edgar/data/1102238/000110223825000004/arl-20241231.htm)
- [FY 2023 MD&A](/company/ARL/mda/fy2023/): filed 2024-03-21; accession 0001102238-24-000004 (https://www.sec.gov/Archives/edgar/data/1102238/000110223824000004/arl-20231231.htm)
- [FY 2022 MD&A](/company/ARL/mda/fy2022/): filed 2023-03-23; accession 0001102238-23-000004 (https://www.sec.gov/Archives/edgar/data/1102238/000110223823000004/arl-20221231.htm)
- [FY 2021 MD&A](/company/ARL/mda/fy2021/): filed 2022-03-29; accession 0001102238-22-000004 (https://www.sec.gov/Archives/edgar/data/1102238/000110223822000004/arl-20211231.htm)

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