\nTranscontinental Realty Investors, Inc. (NYSE:TCI) is reporting its results of operations for the three months ended December 31, 2024. For the three months ended December 31, 2024, we reported net income attributable to common shares of $0.1 million or $0.01 per diluted share, compared to a net loss of $2.6 million or $0.30 per diluted share for the same period in 2023.\n<\/p>\n
Financial Highlights<\/b><\/p>\n Financial Results<\/b><\/p>\n \nRental revenues decreased $1.6 million from $12.8 million for the three months ended December 31, 2023 to $11.2 million for the three months ended December 31, 2024. The decrease in rental revenue is primarily due to a decrease in occupancy at our commercial properties.\n<\/p>\n \nNet operating loss decreased $0.4 million from $2.1 million for the three months ended December 31, 2023 to $1.7 million for the three months ended December 31, 2024. Our decrease in net operating loss was due to a $2.1 million decrease in operating expenses offset in part by a $1.7 million decrease in revenues. The decrease in operating expenses is primarily due to a decrease in depreciation for the three months ended December 31, 2024.\n<\/p>\n \nNet income (loss) attributable to the Company increased $2.7 million from a net loss of $2.6 million for the three months ended December 31, 2023 to net income $0.1 million for the three months ended December 31, 2024. The increase in net income is primarily attributed to a decrease in loss on sale or write down of assets and an increase in interest income offset in part by an increase in the provision for income tax.\n<\/p>\n About Transcontinental Realty Investors, Inc.<\/b><\/p>\n \nTranscontinental Realty Investors, Inc., a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate. The Company also holds mortgage receivables.\n<\/p>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n<\/tr>\n \n$\n<\/p>\n<\/td>\n \n11,222\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n12,787\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n44,763\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n47,023\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n569\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n666\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,307\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,882\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n11,791\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n13,453\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n47,070\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n49,905\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n6,816\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n7,316\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n27,063\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n27,896\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,847\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,031\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n12,276\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n13,646\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,549\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,363\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n5,447\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n9,199\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,269\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,874\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n8,058\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n9,156\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n13,481\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15,584\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n52,844\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n59,897\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,690)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(2,131)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(5,774)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(9,992)\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,642\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,022\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n21,886\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n30,020\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,836)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,876)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(7,642)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(9,291)\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n993\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,710)\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n(119)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n262\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n708\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,060\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n(589)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(2,079)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(589)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,891)\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n(112)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n699\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,930)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,939)\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n296\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(2,103)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n6,659\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n7,250\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n(188)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(458)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(797)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,313)\n<\/p>\n<\/td>\n<\/tr>\n \n$\n<\/p>\n<\/td>\n \n108\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n(2,561)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n5,862\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n5,937\n<\/p>\n<\/td>\n<\/tr>\n \n$\n<\/p>\n<\/td>\n \n0.01\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n(0.30)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.68\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.69\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n8,639,316\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n8,369,316\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n8,639,316\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n8,639,316\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250320188911\/en\/<\/a><\/span><\/p>\n Transcontinental Realty Investors, Inc. KEYWORDS:<\/b> United States North America Texas<\/p>\n INDUSTRY KEYWORDS:<\/b> Other Construction & Property Commercial Building & Real Estate Construction & Property REIT<\/p>\n\n
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\n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n TRANSCONTINENTAL REALTY INVESTORS, INC.<\/b><\/td>\n<\/tr>\n \n CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/td>\n<\/tr>\n \n (Dollars in thousands, except per share amounts)<\/b><\/td>\n<\/tr>\n \n (Unaudited)<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n Three Months Ended
December 31,<\/b><\/td>\n\n Twelve Months Ended
December 31,<\/b><\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Revenues:<\/td>\n \n \n \n \n \n <\/tr>\n \n Rental revenues<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Other income<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Total revenue<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Expenses:<\/td>\n \n \n \n \n \n \n \n \n \n <\/tr>\n \n Property operating expenses<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Depreciation and amortization<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n General and administrative<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Advisory fee to related party<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Total operating expenses<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Net operating loss<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Interest income<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Interest expense<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Gain on foreign currency transactions<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Loss on early extinguishment of debt<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Equity in (loss) income from unconsolidated joint venture<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Loss on sale or write down of assets, net<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Income tax provision<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Net income (loss)<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Net income attributable to noncontrolling interest<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Net income (loss) attributable to the Company<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Earnings per share<\/td>\n \n \n \n \n \n \n \n \n \n <\/tr>\n \n Basic and diluted<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Weighted average common shares used in computing earnings per share<\/td>\n \n \n \n \n \n \n \n \n \n <\/tr>\n \n Basic and diluted<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n <\/p>\n
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Investor Relations
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Erik Johnson (469) 522-4200
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investor.relations@transconrealty-invest.com<\/a><\/b><\/p>\n
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