Welcome to our dedicated page for Transcontinental news (Ticker: TCI), a resource for investors and traders seeking the latest updates and insights on Transcontinental stock.
Transcontinental Realty Investors, Inc. (NYSE: TCI) is a Dallas-based real estate investment company that regularly reports detailed financial and operational updates. Its news releases describe a portfolio of equity real estate across the United States, including office buildings, apartments, shopping centers, and developed and undeveloped land. The company also discusses its investments in mortgage loans on real estate and its holdings of mortgage receivables.
News about Transcontinental Realty Investors, Inc. often centers on quarterly earnings results, portfolio occupancy, and the performance of its multifamily and commercial properties. The company reports total occupancy figures and separate occupancy levels for multifamily and commercial properties, highlighting trends such as higher occupancy in apartments compared with certain commercial assets. Releases also explain how changes in occupancy at specific properties, such as Stanford Center, affect rental revenues from commercial properties.
Investors following TCI news will see disclosures on property sales and development activity, including the sale of multifamily properties and single-family lots and the receipt of completed units from multifamily developments that are entering lease-up. The company’s announcements describe how sale proceeds are used, such as paying off property-level loans and supporting general corporate purposes, and how gains on real estate transactions influence net income.
Transcontinental Realty Investors, Inc. also uses news releases to summarize key financial statement items, including rental revenues, other income, property operating expenses, advisory fees to a related party, interest income and expense, and income tax provisions. For readers seeking to understand how TCI’s real estate portfolio and related investments affect its reported results, this news feed provides a consolidated view of the company’s periodic operational and financial updates.
Income Opportunity Realty Investors, Inc. (IOR) reported strong financial results for the quarter ended September 30, 2022, with net income reaching
Transcontinental Realty Investors (NYSE: TCI) reported a significant increase in net income for Q3 2022, reaching $378.4 million or $43.79 per diluted share, up from $26.2 million or $3.04 per diluted share in Q3 2021. Rent collection was robust at 99% overall, with 94% total stabilized occupancy. The company realized a gain of $738.7 million from the sale of 45 properties for $1.8 billion. Rental revenues fell $2.1 million to $7.6 million due to previous property sales. Net operating loss decreased to $2.8 million, mainly due to lower legal costs.
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Income Opportunity Realty Investors, Inc. reported a net income of
American Realty Investors (NYSE:ARL) reported a net income of $16.3 million or $1.01 per diluted share for Q2 2022, a significant recovery from a net loss of $27.3 million in Q2 2021. The company collected approximately 97% of rents, with 93% occupancy in multifamily properties. However, rental revenues dropped $2.9 million due to property sales. The net operating loss decreased to $3.0 million, mainly due to reduced legal costs, while net income benefitted from a $29.6 million arbitration settlement and currency gains.
Transcontinental Realty Investors, Inc. (NYSE:TCI) reported a net income of $16.5 million or $1.91 per diluted share for the quarter ending June 30, 2022, a significant turnaround from a net loss of $30.7 million in 2021. The company achieved a 97% rent collection rate, with multifamily tenants at 98% and office tenants at 96%. However, rental revenues fell by $2.9 million from $10.2 million in the previous year, largely due to property sales. Legal costs related to prior arbitration have decreased, contributing to a $2.4 million decline in net operating loss.
Income Opportunity Realty Investors, Inc. (IOR) reported Q1 2022 net income of
American Realty Investors, Inc. (NYSE: ARL) published its Q1 2022 financial results, reporting a net income of
Transcontinental Realty Investors (NYSE: TCI) reported a net income of
Transcontinental Realty Investors (NYSE:TCI) reported a net loss of $8.7 million ($1.01 per diluted share) for Q4 2021, a significant increase from a net loss of $1.5 million ($0.17 per diluted share) in Q4 2020. Rental revenues dropped by $9.8 million to $7.6 million, primarily due to a prior lease termination payment and declining commercial occupancy rates. Net operating loss also increased to $4.2 million from a net operating income of $4.0 million in the previous year. As of December 31, 2021, total occupancy was reported at 91%, with 95% at multifamily properties and 70% at commercial properties.
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