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Transcontinental Realty Investors, Inc. (TCI) is a prominent real estate company headquartered at 1800 Valley View Ln, Dallas, Texas, United States. As a fully integrated and externally managed firm, TCI actively manages a diverse portfolio of multifamily and commercial properties across the southern United States.
Core Business:
- Residential Segment: TCI focuses on the acquisition, development, ownership, and management of multifamily properties. This includes the rental of apartments and additional tenant services such as parking and storage space rental.
- Commercial Segment: This segment deals with the acquisition, development, ownership, and management of commercial properties, particularly office spaces. Similar to the residential segment, it also offers tenant services, including parking and storage space rental.
Additionally, TCI invests in mortgage notes receivable and land held either for appreciation or development, further diversifying its investment portfolio.
Recent Achievements:
TCI has made significant strides in expanding its property portfolio and enhancing its service offerings. The company's strategic investments in growing markets have resulted in improved financial performance and increased shareholder value.
Current Projects:
The company is currently involved in multiple development projects aimed at increasing its presence in high-demand areas. These projects are geared towards meeting the rising demand for both residential and commercial properties in these regions.
With a strong financial condition and robust management, TCI continues to play a critical role in the real estate market. The company maintains key partnerships that enable it to leverage new opportunities, ensuring sustained growth and profitability.
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
Transcontinental Realty Investors (NYSE:TCI) reported a net loss of $8.7 million ($1.01 per diluted share) for Q4 2021, a significant increase from a net loss of $1.5 million ($0.17 per diluted share) in Q4 2020. Rental revenues dropped by $9.8 million to $7.6 million, primarily due to a prior lease termination payment and declining commercial occupancy rates. Net operating loss also increased to $4.2 million from a net operating income of $4.0 million in the previous year. As of December 31, 2021, total occupancy was reported at 91%, with 95% at multifamily properties and 70% at commercial properties.
American Realty Investors, Inc. (NYSE: ARL) reported a net loss of $6.8 million, or $0.42 per diluted share, for the quarter ended December 31, 2021, a notable decline from a net income of $0.4 million in the same quarter of 2020. Rental revenues fell sharply by $9.8 million to $7.6 million, largely due to a prior lease termination payment and decreased occupancy in commercial properties. The total occupancy rate was 91%, with multifamily occupancy at 95% and commercial at 70%. Notably, the company executed a Major Decision for property sales and sold a multifamily property for $26.8 million.
Income Opportunity Realty Investors, Inc. (NYSE American: IOR) reported its Q4 2021 results, showing a net income of
Pillar Income Asset Management has appointed Bradley J. Muth as President & CEO, who also leads American Realty Investors, Inc. (NYSE: ARL), Transcontinental Realty Investors, Inc. (NYSE: TCI), and Income Opportunity Realty Investors, Inc. (AMEX: IOR). Muth aims to expand the Companies' multi-family apartment portfolio in the Sunbelt markets, targeting over 15,000 new units. The strategy includes selective divestiture of non-core assets. Muth brings over 30 years of real estate experience and previously managed over $8 billion in real estate investments.
Income Opportunity Realty Investors, Inc. (IOR) reported a net income of $712,000 for Q3 2021, translating to $0.17 per diluted share, a slight decrease from $761,000 or $0.18 per share in Q3 2020. General and administrative expenses fell to $88,000, down $6,000 from the previous year, primarily due to reduced cost reimbursements. Advisory fees rose to $201,000, up from $194,000 year-over-year. Interest income decreased to $1,248,000, attributed to early note payoffs. As of September 30, 2021, total assets increased to $107.35 million from $104.47 million a year prior.
Transcontinental Realty Investors (NYSE: TCI) reported a net income of $7.7 million or $0.88 per diluted share for Q3 2020, a turnaround from a net loss of $7.8 million or $0.89 per diluted share in Q3 2019. Rental revenues increased slightly to $11.5 million, with occupancy stable at 91%. Interest expense decreased to $6.3 million, while interest income fell to $4.3 million. The company reported gains of $7.2 million on asset sales, including a $4.8 million gain from the sale of Bridgeview Plaza.
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