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Transcontinental Realty Investors, Inc. Reports Earnings for Quarter Ended September 30, 2026

TCI
  • Transcontinental Realty Investors, Inc. reported a net loss of $0.1 million ($0.02 per share) for the three months ended September 30, 2026, compared to a net income of $0.7 million ($0.08 per share) in the same period of 2025.
  • Total occupancy for stabilized properties stood at 82% as of September 30, 2026, comprising 95% for multifamily properties and 57% for commercial properties.
  • On October 2, 2026, the company acquired four multifamily properties totaling 782 units in Texas and Alabama by settling four notes receivable and paying $12.0 million in cash.
  • The company exercised an option on October 28, 2026, to extend the maturity of its Alera at Hunters Glen loan to November 5, 2027.
  • During the third quarter of 2026, the company sold 21 lots at Windmill Farms for $1.0 million, generating a $0.8 million gain.
  • Revenues increased by $1.1 million to $13.9 million for the quarter ended September 30, 2026, driven primarily by a $1.5 million rise in multifamily revenues from lease-up activities.
  • Net operating loss widened by approximately $1.0 million to $2.4 million due to a $1.4 million increase in operating expenses associated with lease-up properties.
  • The decline in net income was primarily attributed to the $1.0 million increase in net operating loss and a $1.4 million decrease in interest income, partially offset by a $1.4 million reduction in tax provision.
  • Consolidated financial statements show total revenues of $13.9 million, total operating expenses of $16.3 million, and net loss attributable to the company of $0.141 million for the three months ended September 30, 2026.