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 (TCI) provides investors and industry professionals with timely updates on its multifamily and commercial property operations across southern U.S. markets. This dedicated news hub consolidates official announcements, financial disclosures, and strategic developments from the Dallas-based real estate firm.
Access curated updates including quarterly earnings reports, property acquisition details, management team changes, and operational milestones. The resource serves investors seeking to track TCI's portfolio growth in apartment complexes, office spaces, and alternative investments like mortgage note receivables.
Key updates cover residential leasing trends, commercial tenant expansions, and land development initiatives. All content reflects TCI's integrated management model and commitment to value-driven real estate practices. Bookmark this page for direct access to verified information about asset performance and market positioning.
Transcontinental Realty Investors (NYSE:TCI) reported Q4 2024 financial results, showing a net income of $0.1 million ($0.01 per diluted share), compared to a net loss of $2.6 million ($0.30 per diluted share) in Q4 2023.
Key highlights include:
- Total occupancy at 81%, with 94% for multifamily and 53% for commercial properties
- Completed a 45,000 sq ft lease at Stanford Center with 14% occupancy increase and 20% higher rent per square foot
- Secured $27.5M construction loan for a 234-unit multifamily development in Dallas
- Sold 30 single family lots in Windmill Farms for $1.4M with $1.1M gain
Rental revenues decreased to $11.2 million from $12.8 million year-over-year. Net operating loss improved to $1.7 million from $2.1 million, driven by $2.1M decrease in operating expenses, partially offset by $1.7M decrease in revenues.
Income Opportunity Realty Investors (NYSE American:IOR) has announced its financial results for Q4 2024. The company reported net income of $1.1 million, or $0.27 per diluted share, marking a significant decrease from the $2.5 million, or $0.60 per share, recorded in the same period of 2023. The decline in net income was primarily attributed to reduced interest income, partially offset by an increase in advisory fees.
American Realty Investors (NYSE:ARL) reported Q4 2024 financial results with a reduced net loss of $0.2 million ($0.01 per share), compared to a $2.1 million loss ($0.13 per share) in Q4 2023. The company's portfolio showed mixed performance with:
- Total occupancy at 81%, with 94% in multifamily and 53% in commercial properties
- Rental revenues decreased to $11.2 million from $12.8 million year-over-year
- Net operating loss improved to $1.8 million from $2.2 million
Key developments include a new 45,000 sq ft lease at Stanford Center with 20% higher rent rates, a $27.5 million construction loan for a 234-unit Dallas multifamily project, a $23.4 million litigation settlement with Clapper, and a $1.1 million gain from selling 30 single-family lots in Windmill Farms.
Transcontinental Realty Investors (NYSE: TCI) has announced the results of its tender offer for Income Opportunity Realty Investors (NYSE American: IOR) shares, which expired on January 29, 2025. The tender offer aimed to purchase up to 100,000 shares at $18 per share in cash.
A total of 21,128 shares were validly tendered and not withdrawn, with 12,751 shares from CEDE and 8,377 shares from holders of record. TCI has decided to purchase all tendered shares, waiving any minimum condition requirement. This acquisition will increase TCI's ownership in IOR by approximately 0.5196%.
Transcontinental Realty Investors (NYSE: TCI) announced preliminary results of its tender offer to purchase up to 100,000 shares of Income Opportunity Realty Investors (NYSE American: IOR) at $18 per share. As of January 15, 2025, approximately 126,915 shares had been tendered, exceeding the initial target by 26%. Of these, 121,358 shares are from CEDE and 5,557 from holders of record.
The tender offer has been extended to January 29, 2025 at 5 PM New York City time. TCI has not yet decided whether to purchase all tendered shares beyond the initial 100,000 target, eliminating the need for pro-ration. Shareholders can withdraw their tendered shares before the expiration time according to the Withdrawal Rights in the Offer to Purchase.
Transcontinental Realty Investors (NYSE: TCI) has announced an extension of its tender offer for Income Opportunity Realty Investors (NYSE American: IOR) shares. The offer deadline has been extended from January 15, 2025, to 5:00 PM New York City time on January 29, 2025.
The tender offer remains at $18 per share, net to the seller in cash without interest and less required withholding taxes. As of January 13, 2025, two IOR stockholders of record had tendered shares, with additional shares validly tendered through CEDE. Shareholders can withdraw their tendered shares before the expiration time following the Withdrawal Rights outlined in the Offer to Purchase.
For additional information, stockholders can contact D.F. King & Co., Inc., the information agent, at (800) 431-9643 or ior@dfking.com. No dealer manager has been appointed for this tender offer, and no soliciting dealer fees will be paid.
Transcontinental Realty Investors (NYSE:TCI) has announced a cash tender offer to purchase up to 100,000 outstanding shares of Income Opportunity Realty Investors (NYSE American:IOR) at $18.00 per share in cash. The offer aims to increase TCI's current ownership stake, which is already over 80% of IOR common stock.
The tender offer begins December 16, 2024, and expires on January 15, 2025, at 5:00 PM New York time, unless extended. The offer's completion requires a minimum tender of 49,353 shares. IOR's Board of Directors, who are also TCI directors, have made no recommendation to shareholders regarding the tender offer. Following the completion, IOR stock will continue to be listed on NYSE American Exchange with no changes to management or operations.
Income Opportunity Realty Investors (NYSE American:IOR) reported financial results for Q3 2024. The company posted net income of $1.2 million, or $0.29 per diluted share, compared to $1.6 million, or $0.39 per share in Q3 2023. The decline in net income was primarily due to decreased interest income, partially offset by lower advisory fees.
American Realty Investors (NYSE:ARL) reported Q3 2024 results with a net loss of $17.5 million ($1.08 per diluted share), compared to net income of $3.0 million ($0.18 per share) in Q3 2023. Total occupancy was 79%, with 95% in multifamily and 48% in commercial properties. Rental revenues decreased to $11.1 million from $11.8 million year-over-year. The company secured a $6.6 million loan for Forest Grove and a $27.5 million construction loan for a new Dallas multifamily project. A significant $23.4 million settlement payment was made to resolve long-standing Clapper litigation from 1999.
Transcontinental Realty Investors (NYSE:TCI) reported Q3 2024 results with net income of $1.7 million ($0.20 per diluted share), down from $4.5 million ($0.52 per share) in Q3 2023. Total occupancy was 79%, with 95% in multifamily and 48% in commercial properties. Rental revenues decreased to $11.1 million from $11.8 million year-over-year. The company secured a $6.6 million loan for Forest Grove and a $27.5 million construction loan for a new 234-unit multifamily project in Dallas. A significant 45,000 square foot lease was completed at Stanford Center, expected to increase property occupancy by 14%.
