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.
American Realty Investors, Inc. (NYSE: ARL) reported a net loss of $6.8 million, or $0.42 per diluted share, for the quarter ended December 31, 2021, a notable decline from a net income of $0.4 million in the same quarter of 2020. Rental revenues fell sharply by $9.8 million to $7.6 million, largely due to a prior lease termination payment and decreased occupancy in commercial properties. The total occupancy rate was 91%, with multifamily occupancy at 95% and commercial at 70%. Notably, the company executed a Major Decision for property sales and sold a multifamily property for $26.8 million.
Income Opportunity Realty Investors, Inc. (NYSE American: IOR) reported its Q4 2021 results, showing a net income of
Pillar Income Asset Management has appointed Bradley J. Muth as President & CEO, who also leads American Realty Investors, Inc. (NYSE: ARL), Transcontinental Realty Investors, Inc. (NYSE: TCI), and Income Opportunity Realty Investors, Inc. (AMEX: IOR). Muth aims to expand the Companies' multi-family apartment portfolio in the Sunbelt markets, targeting over 15,000 new units. The strategy includes selective divestiture of non-core assets. Muth brings over 30 years of real estate experience and previously managed over $8 billion in real estate investments.
Income Opportunity Realty Investors, Inc. (IOR) reported a net income of $712,000 for Q3 2021, translating to $0.17 per diluted share, a slight decrease from $761,000 or $0.18 per share in Q3 2020. General and administrative expenses fell to $88,000, down $6,000 from the previous year, primarily due to reduced cost reimbursements. Advisory fees rose to $201,000, up from $194,000 year-over-year. Interest income decreased to $1,248,000, attributed to early note payoffs. As of September 30, 2021, total assets increased to $107.35 million from $104.47 million a year prior.
Transcontinental Realty Investors (NYSE: TCI) reported a net income of $7.7 million or $0.88 per diluted share for Q3 2020, a turnaround from a net loss of $7.8 million or $0.89 per diluted share in Q3 2019. Rental revenues increased slightly to $11.5 million, with occupancy stable at 91%. Interest expense decreased to $6.3 million, while interest income fell to $4.3 million. The company reported gains of $7.2 million on asset sales, including a $4.8 million gain from the sale of Bridgeview Plaza.