Transcontinental Stock Price, News & Analysis

American Realty Investors (NYSE: ARL) reported its Q1 2025 financial results, showing improved performance with net income of $3.0 million ($0.18 per diluted share), up from $1.8 million ($0.11 per diluted share) in Q1 2024. The company maintained 80% total occupancy, with 94% in multifamily properties and 53% in commercial properties.

Rental revenues slightly increased to $11.4 million, up $0.1 million from Q1 2024, driven by higher multifamily property rents. The net operating loss decreased by $0.7 million to $0.8 million, primarily due to reduced operating expenses in insurance and property taxes. The company also reported a $1.1 million gain from selling 30 single-family lots at Windmill Farms for $1.4 million in December 2024.

Transcontinental Realty Investors (NYSE: TCI) reported its Q1 2025 financial results, showing improved performance compared to the previous year. The company's net income reached $4.6 million ($0.53 per diluted share), up from $2.5 million ($0.30 per diluted share) in Q1 2024.

Key metrics include total occupancy of 80%, with multifamily properties at 94% and commercial properties at 53%. Rental revenues slightly increased to $11.4 million, up $0.1 million year-over-year. The company reduced its net operating loss to $0.6 million from $1.3 million, primarily due to decreased operating expenses in insurance and property taxes. Additionally, TCI sold 30 single family lots in Windmill Farms for $1.4 million, generating a $1.1 million gain.

Income Opportunity Realty Investors (NYSE American:IOR) has announced its financial results for Q4 2024. The company reported net income of $1.1 million, or $0.27 per diluted share, marking a significant decrease from the $2.5 million, or $0.60 per share, recorded in the same period of 2023. The decline in net income was primarily attributed to reduced interest income, partially offset by an increase in advisory fees.

Transcontinental Realty Investors (NYSE:TCI) reported Q4 2024 financial results, showing a net income of $0.1 million ($0.01 per diluted share), compared to a net loss of $2.6 million ($0.30 per diluted share) in Q4 2023.

Key highlights include:

• Total occupancy at 81%, with 94% for multifamily and 53% for commercial properties
• Completed a 45,000 sq ft lease at Stanford Center with 14% occupancy increase and 20% higher rent per square foot
• Secured $27.5M construction loan for a 234-unit multifamily development in Dallas
• Sold 30 single family lots in Windmill Farms for $1.4M with $1.1M gain

Rental revenues decreased to $11.2 million from $12.8 million year-over-year. Net operating loss improved to $1.7 million from $2.1 million, driven by $2.1M decrease in operating expenses, partially offset by $1.7M decrease in revenues.

American Realty Investors (NYSE:ARL) reported Q4 2024 financial results with a reduced net loss of $0.2 million ($0.01 per share), compared to a $2.1 million loss ($0.13 per share) in Q4 2023. The company's portfolio showed mixed performance with:

• Total occupancy at 81%, with 94% in multifamily and 53% in commercial properties
• Rental revenues decreased to $11.2 million from $12.8 million year-over-year
• Net operating loss improved to $1.8 million from $2.2 million

Key developments include a new 45,000 sq ft lease at Stanford Center with 20% higher rent rates, a $27.5 million construction loan for a 234-unit Dallas multifamily project, a $23.4 million litigation settlement with Clapper, and a $1.1 million gain from selling 30 single-family lots in Windmill Farms.

Transcontinental Realty Investors (NYSE: TCI) has announced the results of its tender offer for Income Opportunity Realty Investors (NYSE American: IOR) shares, which expired on January 29, 2025. The tender offer aimed to purchase up to 100,000 shares at $18 per share in cash.

A total of 21,128 shares were validly tendered and not withdrawn, with 12,751 shares from CEDE and 8,377 shares from holders of record. TCI has decided to purchase all tendered shares, waiving any minimum condition requirement. This acquisition will increase TCI's ownership in IOR by approximately 0.5196%.

Transcontinental Realty Investors (NYSE: TCI) announced preliminary results of its tender offer to purchase up to 100,000 shares of Income Opportunity Realty Investors (NYSE American: IOR) at $18 per share. As of January 15, 2025, approximately 126,915 shares had been tendered, exceeding the initial target by 26%. Of these, 121,358 shares are from CEDE and 5,557 from holders of record.

The tender offer has been extended to January 29, 2025 at 5 PM New York City time. TCI has not yet decided whether to purchase all tendered shares beyond the initial 100,000 target, eliminating the need for pro-ration. Shareholders can withdraw their tendered shares before the expiration time according to the Withdrawal Rights in the Offer to Purchase.

Transcontinental Realty Investors (NYSE: TCI) has announced an extension of its tender offer for Income Opportunity Realty Investors (NYSE American: IOR) shares. The offer deadline has been extended from January 15, 2025, to 5:00 PM New York City time on January 29, 2025.

The tender offer remains at $18 per share, net to the seller in cash without interest and less required withholding taxes. As of January 13, 2025, two IOR stockholders of record had tendered shares, with additional shares validly tendered through CEDE. Shareholders can withdraw their tendered shares before the expiration time following the Withdrawal Rights outlined in the Offer to Purchase.

For additional information, stockholders can contact D.F. King & Co., Inc., the information agent, at (800) 431-9643 or ior@dfking.com. No dealer manager has been appointed for this tender offer, and no soliciting dealer fees will be paid.

Transcontinental Realty Investors (NYSE:TCI) has announced a cash tender offer to purchase up to 100,000 outstanding shares of Income Opportunity Realty Investors (NYSE American:IOR) at $18.00 per share in cash. The offer aims to increase TCI's current ownership stake, which is already over 80% of IOR common stock.

The tender offer begins December 16, 2024, and expires on January 15, 2025, at 5:00 PM New York time, unless extended. The offer's completion requires a minimum tender of 49,353 shares. IOR's Board of Directors, who are also TCI directors, have made no recommendation to shareholders regarding the tender offer. Following the completion, IOR stock will continue to be listed on NYSE American Exchange with no changes to management or operations.