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Transcontinental Realty Investors, Inc. reports recurring real estate operating results for a U.S. portfolio that includes office buildings, apartments, shopping centers, and developed and undeveloped land. The company invests through direct ownership, leases, partnerships, mortgage loans, and mortgage receivables, with operating disclosures centered on multifamily and commercial properties.
News about TCI commonly covers quarterly earnings, revenues, net income, stabilized occupancy, and the performance of development properties such as Alera, Bandera Ridge, and Merano. Company updates also describe portfolio activity, including property dispositions, land-lot sales from holdings such as Windmill Farms, and the effect of occupancy changes at commercial assets such as Stanford Center.
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.
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