US Market News
1月前
Transcontinental Realty Investors, Inc. reports Earnings for Quarter Ended March 31, 2026May 7, 2026 5:15 PM
Business Wire Transcontinental Realty Investors, Inc. (NYSE:TCI) is reporting its results of operations for the three months ended March 31, 2026. For the three months ended March 31, 2026, we reported net income attributable to common shares of $0.2 million or $0.02 per share, compared to $4.6 million or $0.53 per share for the same period in 2025. Financial Highlights Total occupancy for stabilized properties was 81% at March 31, 2026, which includes 93% at our multifamily properties and 58% at our commercial properties. Occupancy for our Alera, Bandera Ridge and Merano (collectively, our “Development Properties”) at March 31, 2026 was 47%, 44% and 42%, respectively. During the three months ended March 31, 2026, we sold 21 lots from our holdings in Windmill Farms for $1.0 million, resulting in a gain on sale of $0.8 million. Financial Results Revenues increased $0.3 million from $12.0 million for the three months ended March 31, 2025 to $12.3 million for the three months ended March 31, 2026. The increase in revenue is primarily due to an increase of $0.7 million from our commercial properties offset in part by a $0.3 million from our multifamily properties. The increase in revenue from our commercial properties is primarily due to an increase in occupancy at Stanford Center. Net operating loss increased approximately $1.3 million from $0.6 million for the three months ended March 31, 2025 to $2.0 million for the three months ended March 31, 2026. Our increase in net operating loss was primarily due to a $1.4 million increase in operating expenses from the lease-up properties for the three months ended March 31, 2026. Net income attributable to the Company decreased approximately $4.5 million from $4.6 million for the three months ended March 31, 2025 to $0.2 million for the three months ended March 31, 2026. The decrease in net income is primarily attributed to a decrease of $3.5 million from gain on sale or write down of assets, $1.4 million in interest income, net and $1.3 million in net operating loss offset in part by a $1.8 million decrease in tax provision. The decrease in gain on sale of real estate transactions is attributed to the condemnation of a parcel of land at Windmill Farms in 2025. About Transcontinental Realty Investors, Inc. Transcontinental Realty Investors, Inc., a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate. The Company also holds mortgage receivables. TRANSCONTINENTAL REALTY INVESTORS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in thousands, except per share amounts) (Unaudited) Three Months Ended
March 31, 2026 2025 Revenues: Rental revenues $ 11,656 $ 11,427 Other income 685 581 Total revenue 12,341 12,008 Expenses: Property operating expenses 7,333 5,977 Depreciation and amortization 3,630 2,883 General and administrative 1,327 1,352 Advisory fee to related party 2,013 2,431 Total operating expenses 14,303 12,643 Net operating loss (1,962 ) (635 ) Interest income 4,404 4,628 Interest expense (2,934 ) (1,781 ) Gain on sale or write down of assets, net 385 3,891 Income tax provision 431 (1,322 ) Net income 324 4,781 Net income attributable to noncontrolling interest (156 ) (163 ) Net income attributable to the Company $ 168 $ 4,618 Earnings per share Basic and diluted $ 0.02 $ 0.53 Weighted average common shares used in computing earnings per share Basic and diluted 8,639,316 8,639,316 View source version on businesswire.com: https://www.businesswire.com/news/home/20260507132040/en/ Transcontinental Realty Investors, Inc.
Investor Relations
Erik Johnson (469) 522-4200
investor.relations@transconrealty-invest.com Original: Transcontinental Realty Investors, Inc. reports Earnings for Quarter Ended March 31, 2026
US Market News
3月前
Transcontinental Realty Investors, Inc. Reports Earnings for Quarter Ended December 31, 2025March 12, 2026 5:15 PM
Business Wire
Transcontinental Realty Investors, Inc. (NYSE:TCI) is reporting its results of operations for the three months ended December 31, 2025. For the three months ended December 31, 2025, we reported net income attributable to common shares of $8.3 million or $0.97 per diluted share, compared to $0.1 million or $0.01 per diluted share for the same period in 2024.
Financial Highlights
Total stabilized occupancy was 81% at December 31, 2025, which includes 93% at our multifamily properties and 59% at our commercial properties. Stabilized occupancy excludes Alera, Bandera Ridge and Merano, which are currently in lease-up.
On October 10, 2025, we sold Villas at Bon Secour, a 200 unit multifamily property in Gulf Shores, Alabama, for $28.0 million, which resulted in a gain on sale of $12.2 million. We used the proceeds from the sale to pay off the $18.8 million loan on the property and for general corporate purposes.
Financial Results
Revenues increased $0.3 million from 11.8 million for the three months ended December 31, 2024 to $12.1 million for the three months ended December 31, 2025. The increase in revenue is primarily due to an increase of $0.6 million from our commercial properties offset in part by a decrease of $0.3 million from our multifamily properties. The increase in revenue from our commercial properties is primarily due to an increase in occupancy at Stanford Center and the decrease is to the sale of Villas at Bon Secour in 2025.
Net operating loss increased $1.8 million from $1.7 million for the three months ended December 31, 2024 to $3.5 million for the three months ended December 31, 2025. Our increase in net operating loss was due to a $2.1 million increase in operating expenses offset in part by $0.3 million increase in revenue. The increase in operating expenses is primarily due to an increase in the cost of the lease-up properties during the three months ended December 31, 2025.
Net income attributable to the Company increased $8.2 million from $0.1 million for the three months ended December 31, 2024 to $8.3 million for the three months ended December 31, 2025. The increase in net income is primarily attributed to $12.7 million increase in gain on sale of assets offset in part by a $2.0 million increase in tax provision and the $1.8 million increase in net operating loss. The increase in gain on sale of assets is primarily attributed to the sale of Villas at Bon Secour in 2025.
About Transcontinental Realty Investors, Inc.
Transcontinental Realty Investors, Inc., a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate. The Company also holds mortgage receivables.
TRANSCONTINENTAL REALTY INVESTORS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in thousands, except per share amounts)
(Unaudited)
Three Months Ended December 31,
Twelve Months Ended December 31,
2025
2024
2025
2024
Revenues:
Rental revenues
$
11,510
$
11,222
$
46,366
$
44,763
Other income
547
569
2,694
2,307
Total revenue
12,057
11,791
49,060
47,070
Expenses:
Property operating expenses
7,823
6,816
27,885
27,063
Depreciation and amortization
3,696
2,847
12,577
12,276
General and administrative
1,501
1,549
5,830
5,447
Advisory fee to related party
2,525
2,269
9,112
8,058
Total operating expenses
15,545
13,481
55,404
52,844
Net operating loss
(3,488
)
(1,690
)
(6,334
)
(5,774
)
Interest income
3,765
4,642
17,123
21,886
Interest expense
(1,499
)
(1,836
)
(6,669
)
(7,642
)
Loss on early extinguishment of debt
(284
)
-
(284
)
-
Equity in (los) income from unconsolidated joint venture
-
(119
)
-
708
Gain (loss) on sale or write-down of assets, net
12,077
(589
)
17,670
(589
)
Income tax provision
(2,128
)
(112
)
(7,064
)
(1,930
)
Net income
8,443
296
14,432
6,659
Net income attributable to noncontrolling interest
(151
)
(188
)
(629
)
(797
)
Net income attributable to the Company
$
8,292
$
108
$
13,803
$
5,862
Earnings per share
Basic and diluted
$
0.97
$
0.01
$
1.60
$
0.68
Weighted average common shares used in computing earnings per share
Basic and diluted
8,639,316
8,639,316
8,639,316
8,639,316
View source version on businesswire.com: https://www.businesswire.com/news/home/20260312698292/en/
Transcontinental Realty Investors, Inc.
Investor Relations
Erik Johnson (469) 522-4200
investor.relations@transconrealty-invest.com
Original: Transcontinental Realty Investors, Inc. Reports Earnings for Quarter Ended December 31, 2025
Enterprising Investor
4年前
The “Abundance of Caution” Schedule 13D filed by Bradford, Clifford and Ryan Phillips (8/01/22)
… individuals and/or their respective entities named below may, in the future, purchase, hold and/or subsequently sell Shares depending upon market circumstances and their collective and individual investment objectives and desires, independent of Shares acquired, held or sold by any other stockholder, including, but not limited to, entities owned or controlled by the May Trust, of which two of the individuals listed below are, in addition to their siblings, beneficiaries. Each of the individuals listed below is an adult son of the late Gene E. Phillips, deceased, one of the settlors of the May Trust and of the Gene E. Phillips Children’s Trust. individuals and/or their respective entities named below may, in the future, purchase, hold and/or subsequently sell Shares depending upon market circumstances and their collective and individual investment objectives and desires, independent of Shares acquired, held or sold by any other stockholder, including, but not limited to, entities owned or controlled by the May Trust, of which two of the individuals listed below are, in addition to their siblings, beneficiaries. Each of the individuals listed below is an adult son of the late Gene E. Phillips, deceased, one of the settlors of the May Trust and of the Gene E. Phillips Children’s Trust.
https://www.sec.gov/Archives/edgar/data/733590/000101054922000187/trisch13d.htm
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