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. (NYSE: TCI) is a Dallas-based real estate investment company that regularly reports detailed financial and operational updates. Its news releases describe a portfolio of equity real estate across the United States, including office buildings, apartments, shopping centers, and developed and undeveloped land. The company also discusses its investments in mortgage loans on real estate and its holdings of mortgage receivables.
News about Transcontinental Realty Investors, Inc. often centers on quarterly earnings results, portfolio occupancy, and the performance of its multifamily and commercial properties. The company reports total occupancy figures and separate occupancy levels for multifamily and commercial properties, highlighting trends such as higher occupancy in apartments compared with certain commercial assets. Releases also explain how changes in occupancy at specific properties, such as Stanford Center, affect rental revenues from commercial properties.
Investors following TCI news will see disclosures on property sales and development activity, including the sale of multifamily properties and single-family lots and the receipt of completed units from multifamily developments that are entering lease-up. The company’s announcements describe how sale proceeds are used, such as paying off property-level loans and supporting general corporate purposes, and how gains on real estate transactions influence net income.
Transcontinental Realty Investors, Inc. also uses news releases to summarize key financial statement items, including rental revenues, other income, property operating expenses, advisory fees to a related party, interest income and expense, and income tax provisions. For readers seeking to understand how TCI’s real estate portfolio and related investments affect its reported results, this news feed provides a consolidated view of the company’s periodic operational and financial updates.
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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.
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