How does AIRE's Q3 performance compare to peers?

**ReAlpha Tech Corp. (AIRE) experienced a significant decline in net income and gross profit in Q3 compared to peers**, while showing improved revenue and operating loss metrics over the past nine months, reflecting operational progress amidst strategic challenges.

1. **Net Income and Gross Profit Decline in Q3**:
- AIRE reported a net loss of $2,098,574 for the three months ended September 30, 2024, compared to a net income of $777,607 for the same period in 2023.
- The gross profit for Q3 2024 was not disclosed, but the company’s operating loss was $(1,689,620), an increase from the $(728,839) loss in Q3 2023.
2. **Revenue Growth Over Nine Months**:
- Total revenue for the nine months ended September 30, 2024, was $422,006, up from $225,300 for the same period in 2023.
- Gross profit over the same period improved to $282,319 from $75,782.
3. **Peer Comparison Insights**:
- **American Realty Investors (ARL)** reported a net loss of $17.5 million for Q3 2024, primarily due to a $23.4 million settlement related to litigation.
- **Seritage Growth Properties (SRG)** and **Mobile Infrastructure (BEEP)**, direct competitors of AIRE, are not currently providing Q3 financial data.
- **Angel Oak Mortgage REIT (AOMR)** and **AFC Gamma (AFCG)**, although not directly comparable due to different business focuses, represent other players in the real estate finance sector with their own financial challenges and performances.
4. **Strategic Developments and Challenges**:
- AIRE's significant revenue increase and strategic acquisitions like GTG Financial and Hyperfast Title indicate growth efforts.
- However, the company's operational adjustments, such as halting short-term rental operations due to macroeconomic challenges, reflect broader industry pressures.
5. **Volatility and Risk**:
- AIRE's stock price is less volatile than SRG's, as indicated by a beta of -3.57 compared to SRG's beta of 2.58.
- The company's termination of its At the Market Sales Agreement and officer departures suggest strategic shifts amid financial uncertainty.

In conclusion, while AIRE shows potential for growth through strategic moves and revenue increase, the company's Q3 performance reflects significant challenges, especially in net income and gross profit, which are crucial metrics for assessing financial health and operational efficiency. The company's adjustments to its business segments and strategic investments will be critical in determining its long-term viability and competitiveness within the real estate finance sector.