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. reports recurring real estate operating results for a U.S. portfolio that includes office buildings, apartments, shopping centers, and developed and undeveloped land. The company invests through direct ownership, leases, partnerships, mortgage loans, and mortgage receivables, with operating disclosures centered on multifamily and commercial properties.
News about TCI commonly covers quarterly earnings, revenues, net income, stabilized occupancy, and the performance of development properties such as Alera, Bandera Ridge, and Merano. Company updates also describe portfolio activity, including property dispositions, land-lot sales from holdings such as Windmill Farms, and the effect of occupancy changes at commercial assets such as Stanford Center.
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.