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 a strong financial turnaround for the quarter ended December 31, 2022, with a net income of $58.9 million or $6.82 per diluted share, compared to a net loss of $8.7 million a year earlier. Rental revenues rose to $11.8 million, up $4.1 million from the previous year, driven by a $4.9 million increase in multifamily properties due to the acquisition of the VAA Holdback Portfolio. Additionally, total occupancy stood at 81%, with multifamily properties at 93%. The company also benefited from a $204 million distribution related to the VAA Sale Portfolio.
Transcontinental Realty Investors (NYSE: TCI) reported a significant increase in net income for Q3 2022, reaching $378.4 million or $43.79 per diluted share, up from $26.2 million or $3.04 per diluted share in Q3 2021. Rent collection was robust at 99% overall, with 94% total stabilized occupancy. The company realized a gain of $738.7 million from the sale of 45 properties for $1.8 billion. Rental revenues fell $2.1 million to $7.6 million due to previous property sales. Net operating loss decreased to $2.8 million, mainly due to lower legal costs.
Income Opportunity Realty Investors, Inc. (IOR) reported strong financial results for the quarter ended September 30, 2022, with net income reaching
Income Opportunity Realty Investors, Inc. reported a net income of
Transcontinental Realty Investors, Inc. (NYSE:TCI) reported a net income of $16.5 million or $1.91 per diluted share for the quarter ending June 30, 2022, a significant turnaround from a net loss of $30.7 million in 2021. The company achieved a 97% rent collection rate, with multifamily tenants at 98% and office tenants at 96%. However, rental revenues fell by $2.9 million from $10.2 million in the previous year, largely due to property sales. Legal costs related to prior arbitration have decreased, contributing to a $2.4 million decline in net operating loss.
American Realty Investors (NYSE:ARL) reported a net income of $16.3 million or $1.01 per diluted share for Q2 2022, a significant recovery from a net loss of $27.3 million in Q2 2021. The company collected approximately 97% of rents, with 93% occupancy in multifamily properties. However, rental revenues dropped $2.9 million due to property sales. The net operating loss decreased to $3.0 million, mainly due to reduced legal costs, while net income benefitted from a $29.6 million arbitration settlement and currency gains.
Income Opportunity Realty Investors, Inc. (IOR) reported Q1 2022 net income of
American Realty Investors, Inc. (NYSE: ARL) published its Q1 2022 financial results, reporting a net income of
Transcontinental Realty Investors (NYSE: TCI) reported a net income of
