Welcome to our dedicated page for Transcontinental Realty Investors news (Ticker: $TCI), a resource for investors and traders seeking the latest updates and insights on Transcontinental Realty Investors stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Transcontinental Realty Investors's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Transcontinental Realty Investors's position in the market.
American Realty Investors, Inc. (NYSE: ARL) reported net income attributable to common shares of $1.8 million or $0.11 per diluted share for the three months ended March 31, 2024, compared to $3.0 million or $0.18 per diluted share for the same period in 2023. Rental revenues increased to $11.3 million, with total occupancy at 79% as of March 31, 2024. The company extended the loan maturity on Windmill Farms to 2026 at a 7.50% interest rate.
Income Opportunity Realty Investors, Inc. (NYSE American: IOR) reported net income attributable to common shares of $1.2 million or $0.29 per diluted share for the quarter ended March 31, 2024, compared to $1.1 million or $0.25 per share for the same period in 2023. The increase in net income was due to a decrease in general, administrative, and advisory costs, partially offset by a decrease in interest income.
Transcontinental Realty Investors, Inc. (NYSE:TCI) reported net income of $2.5 million or $0.30 per diluted share for the quarter ended March 31, 2024, compared to $3.5 million or $0.41 per diluted share in 2023. Total occupancy was 79%, rental revenues increased to $11.3 million, and net operating loss decreased to $1.3 million. The company extended the maturity of its loan on Windmill Farms.