Transcontinental Realty Investors, Inc. — Q3 2026 Earnings Summary

Transcontinental Realty Investors, Inc. reported a net loss of $0.1 million, or $0.02 per share, for the three months ended September 30, 2026, compared to a net income of $0.7 million in the same period of 2025. Total revenue increased to $13.9 million from $12.8 million, driven by a $1.5 million rise in multifamily property revenues due to lease-up activities, which was partially offset by a decrease in commercial property revenue. The company's net operating loss widened to $2.4 million from $1.4 million, primarily due to a $1.4 million increase in operating expenses associated with development properties. Additionally, the company acquired four multifamily properties totaling 782 units in exchange for settling notes receivable and a $12.0 million cash payment, while also selling 21 lots for a $0.8 million gain.