Here are the 10-K annual reports from Transcontinental Realty Investors, Inc. (TCI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow TCI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TCI filings page.
Transcontinental Realty Investors, Inc. is an externally managed real estate company focused on multifamily and office properties in the Southern United States. At December 31, 2025, its portfolio included 13 operating multifamily properties with 2,128 units, three lease-up multifamily projects with 672 units, one 234-unit project under construction, four office buildings totaling about 1.0 million rentable square feet, and roughly 1,792 acres of land.
For 2025, revenue was $49.1 million and segment NOI was $21.2 million. Net income rose to $14.4 million from $6.7 million in 2024, driven largely by a $12.2 million gain on the sale of Villas at Bon Secour and higher gains on land sales at Windmill Farms, partially offset by lower interest income and higher advisory and related-party expense. Real estate assets reached $602.4 million, mortgages and other notes payable were $210.8 million, and notes receivable were $123.7 million. Equity totaled $866.2 million, including $584.6 million of retained earnings. The company paid no common dividends for 2023–2025 and remains highly related-party oriented through ARL, Pillar and UHF relationships.