{"success":true,"data":{"pressRelease":{"id":"26943","rtpr_id":"nBw6vZsVXa","ticker":"TCI","exchange":"NYSE","all_tickers":["TCI"],"title":"Transcontinental Realty Investors, Inc. reports Earnings for Quarter Ended March 31, 2026","author":"Business Wire","published_at":"2026-05-07T21:15:00.114Z","article_body":"Transcontinental Realty Investors, Inc. reports Earnings for Quarter Ended\nMarch 31, 2026\n\nTranscontinental Realty Investors, Inc. (NYSE:TCI) is reporting its results of\noperations for the three months ended March 31, 2026. For the three months\nended March 31, 2026, we reported net income attributable to common shares of\n$0.2 million or $0.02 per share, compared to $4.6 million or $0.53 per share\nfor the same period in 2025.\n\nFinancial Highlights\n\n\n * Total occupancy for stabilized properties was 81% at March 31, 2026, which\nincludes 93% at our multifamily properties and 58% at our commercial\nproperties.\n\n * Occupancy for our Alera, Bandera Ridge and Merano (collectively, our\n“Development Properties”) at March 31, 2026 was 47%, 44% and 42%,\nrespectively.\n\n * During the three months ended March 31, 2026, we sold 21 lots from our\nholdings in Windmill Farms for $1.0 million, resulting in a gain on sale of\n$0.8 million.\n\nFinancial Results\n\nRevenues increased $0.3 million from $12.0 million for the three months ended\nMarch 31, 2025 to $12.3 million for the three months ended March 31, 2026. The\nincrease in revenue is primarily due to an increase of $0.7 million from our\ncommercial properties offset in part by a $0.3 million from our multifamily\nproperties. The increase in revenue from our commercial properties is\nprimarily due to an increase in occupancy at Stanford Center.\n\nNet operating loss increased approximately $1.3 million from $0.6 million for\nthe three months ended March 31, 2025 to $2.0 million for the three months\nended March 31, 2026. Our increase in net operating loss was primarily due to\na $1.4 million increase in operating expenses from the lease-up properties for\nthe three months ended March 31, 2026.\n\nNet income attributable to the Company decreased approximately $4.5 million\nfrom $4.6 million for the three months ended March 31, 2025 to $0.2 million\nfor the three months ended March 31, 2026. The decrease in net income is\nprimarily attributed to a decrease of $3.5 million from gain on sale or write\ndown of assets, $1.4 million in interest income, net and $1.3 million in net\noperating loss offset in part by a $1.8 million decrease in tax provision. The\ndecrease in gain on sale of real estate transactions is attributed to the\ncondemnation of a parcel of land at Windmill Farms in 2025.\n\nAbout Transcontinental Realty Investors, Inc.\n\nTranscontinental Realty Investors, Inc., a Dallas-based real estate investment\ncompany, holds a diverse portfolio of equity real estate located across the\nU.S., including office buildings, apartments, shopping centers, and developed\nand undeveloped land. The Company invests in real estate through direct\nownership, leases and partnerships and invests in mortgage loans on real\nestate. The Company also holds mortgage receivables.\n TRANSCONTINENTAL REALTY INVESTORS, INC.                                                                               \n CONSOLIDATED STATEMENTS OF OPERATIONS                                                                                 \n (Dollars in thousands, except per share amounts)                                                                      \n (Unaudited)                                                                                                           \n                                                                                                                       \n                                                                                                                       \n                                                                        Three Months Ended                             \n                                                                        March 31,                                      \n                                                                             2026                      2025            \n                                                                                                                       \n Revenues:                                                                                                             \n Rental revenues                                                        $    11,656               $    11,427          \n Other income                                                                685                       581             \n Total revenue                                                               12,341                    12,008          \n Expenses:                                                                                                             \n Property operating expenses                                                 7,333                     5,977           \n Depreciation and amortization                                               3,630                     2,883           \n General and administrative                                                  1,327                     1,352           \n Advisory fee to related party                                               2,013                     2,431           \n Total operating expenses                                                    14,303                    12,643          \n Net operating loss                                                          (1,962     )              (635       )    \n Interest income                                                             4,404                     4,628           \n Interest expense                                                            (2,934     )              (1,781     )    \n Gain on sale or write down of assets, net                                   385                       3,891           \n Income tax provision                                                        431                       (1,322     )    \n Net income                                                                  324                       4,781           \n Net income attributable to noncontrolling interest                          (156       )              (163       )    \n Net income attributable to the Company                                 $    168                  $    4,618           \n Earnings per share                                                                                                    \n Basic and diluted                                                      $    0.02                 $    0.53            \n Weighted average common shares used in computing earnings per share                                                   \n Basic and diluted                                                           8,639,316                 8,639,316       \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260507132040/en/\n(https://www.businesswire.com/news/home/20260507132040/en/)\n\nTranscontinental Realty Investors, Inc. \n\nInvestor Relations\n\nErik Johnson (469) 522-4200\n\ninvestor.relations@transconrealty-invest.com\n(mailto:investor.relations@transconrealty-invest.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw6vZsVXa","title":"Transcontinental Realty Investors, Inc. reports Earnings for Quarter Ended March 31, 2026","author":"Business Wire","ticker":"TCI","created":"2026-05-07T21:15:00.114Z","tickers":["TCI"],"exchange":"NYSE","article_body":"Transcontinental Realty Investors, Inc. reports Earnings for Quarter Ended\nMarch 31, 2026\n\nTranscontinental Realty Investors, Inc. (NYSE:TCI) is reporting its results of\noperations for the three months ended March 31, 2026. For the three months\nended March 31, 2026, we reported net income attributable to common shares of\n$0.2 million or $0.02 per share, compared to $4.6 million or $0.53 per share\nfor the same period in 2025.\n\nFinancial Highlights\n\n\n * Total occupancy for stabilized properties was 81% at March 31, 2026, which\nincludes 93% at our multifamily properties and 58% at our commercial\nproperties.\n\n * Occupancy for our Alera, Bandera Ridge and Merano (collectively, our\n“Development Properties”) at March 31, 2026 was 47%, 44% and 42%,\nrespectively.\n\n * During the three months ended March 31, 2026, we sold 21 lots from our\nholdings in Windmill Farms for $1.0 million, resulting in a gain on sale of\n$0.8 million.\n\nFinancial Results\n\nRevenues increased $0.3 million from $12.0 million for the three months ended\nMarch 31, 2025 to $12.3 million for the three months ended March 31, 2026. The\nincrease in revenue is primarily due to an increase of $0.7 million from our\ncommercial properties offset in part by a $0.3 million from our multifamily\nproperties. The increase in revenue from our commercial properties is\nprimarily due to an increase in occupancy at Stanford Center.\n\nNet operating loss increased approximately $1.3 million from $0.6 million for\nthe three months ended March 31, 2025 to $2.0 million for the three months\nended March 31, 2026. Our increase in net operating loss was primarily due to\na $1.4 million increase in operating expenses from the lease-up properties for\nthe three months ended March 31, 2026.\n\nNet income attributable to the Company decreased approximately $4.5 million\nfrom $4.6 million for the three months ended March 31, 2025 to $0.2 million\nfor the three months ended March 31, 2026. The decrease in net income is\nprimarily attributed to a decrease of $3.5 million from gain on sale or write\ndown of assets, $1.4 million in interest income, net and $1.3 million in net\noperating loss offset in part by a $1.8 million decrease in tax provision. The\ndecrease in gain on sale of real estate transactions is attributed to the\ncondemnation of a parcel of land at Windmill Farms in 2025.\n\nAbout Transcontinental Realty Investors, Inc.\n\nTranscontinental Realty Investors, Inc., a Dallas-based real estate investment\ncompany, holds a diverse portfolio of equity real estate located across the\nU.S., including office buildings, apartments, shopping centers, and developed\nand undeveloped land. The Company invests in real estate through direct\nownership, leases and partnerships and invests in mortgage loans on real\nestate. The Company also holds mortgage receivables.\n TRANSCONTINENTAL REALTY INVESTORS, INC.                                                                               \n CONSOLIDATED STATEMENTS OF OPERATIONS                                                                                 \n (Dollars in thousands, except per share amounts)                                                                      \n (Unaudited)                                                                                                           \n                                                                                                                       \n                                                                                                                       \n                                                                        Three Months Ended                             \n                                                                        March 31,                                      \n                                                                             2026                      2025            \n                                                                                                                       \n Revenues:                                                                                                             \n Rental revenues                                                        $    11,656               $    11,427          \n Other income                                                                685                       581             \n Total revenue                                                               12,341                    12,008          \n Expenses:                                                                                                             \n Property operating expenses                                                 7,333                     5,977           \n Depreciation and amortization                                               3,630                     2,883           \n General and administrative                                                  1,327                     1,352           \n Advisory fee to related party                                               2,013                     2,431           \n Total operating expenses                                                    14,303                    12,643          \n Net operating loss                                                          (1,962     )              (635       )    \n Interest income                                                             4,404                     4,628           \n Interest expense                                                            (2,934     )              (1,781     )    \n Gain on sale or write down of assets, net                                   385                       3,891           \n Income tax provision                                                        431                       (1,322     )    \n Net income                                                                  324                       4,781           \n Net income attributable to noncontrolling interest                          (156       )              (163       )    \n Net income attributable to the Company                                 $    168                  $    4,618           \n Earnings per share                                                                                                    \n Basic and diluted                                                      $    0.02                 $    0.53            \n Weighted average common shares used in computing earnings per share                                                   \n Basic and diluted                                                           8,639,316                 8,639,316       \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260507132040/en/\n(https://www.businesswire.com/news/home/20260507132040/en/)\n\nTranscontinental Realty Investors, Inc. \n\nInvestor Relations\n\nErik Johnson (469) 522-4200\n\ninvestor.relations@transconrealty-invest.com\n(mailto:investor.relations@transconrealty-invest.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-07T21:15:00.148982968Z","server_sent_at_ms":1778188500148},"received_at":"2026-05-07T21:15:00.221Z","source_url":"https://www.businesswire.com/news/home/20260507132040/en/"},"analysis":{"id":"21073","press_release_id":"26943","analysis_json":{"industry":{"label":"Equity Real Estate Investment Trusts (REITs)","sector":"Real Estate"},"redFlags":["net operating loss increased by $1.3 million","gain on sale of assets dropped from $3.891 million to $385 thousand"],"eventType":"earnings","narrative":"Transcontinental Realty Investors reported Q1 2026 net income of $0.2 million or $0.02 per share, a sharp decline from $4.6 million or $0.53 per share in the same period in 2025.\n\nThe company's net operating loss widened to $1.962 million for the quarter, driven by a $1.4 million increase in operating expenses from lease-up properties.\n\nDespite $4.404 million in interest income, the drop in gain on real estate sales and tax provisions significantly reduced net income.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Net income plunge and rising net operating loss signal operational challenges for TCI."},"keyFigures":{"eps":0.02,"revenue":12341000,"revenueYoy":"$0.3 million","customDimensions":{"net_income":324000,"interest_income":4404000,"income_tax_provision":431000,"net_income_attributable_to_company":168000,"gain_on_sale_or_write_down_of_assets":385000}},"quotedText":"Significant decline in net income attributable to the company from $4.6 million to $0.2 million.","namedEntities":{"people":[{"name":"Erik Johnson","role":"Investor Relations"}],"products":[],"companies":[{"name":"Transcontinental Realty Investors, Inc.","ticker":"TCI"}],"dollarAmounts":[{"amount":"$12.3 million","context":"Total revenue for Q1 2026"},{"amount":"$11.656 million","context":"Rental revenues for Q1 2026"},{"amount":"$0.8 million","context":"Gain on sale of 21 lots in Windmill Farms"},{"amount":"$4.404 million","context":"Interest income for Q1 2026"},{"amount":"$4.6 million","context":"Net income attributable to the company in Q1 2025"},{"amount":"$0.2 million","context":"Net income attributable to the company in Q1 2026"}]},"materialImpact":{"score":3,"reasoning":"Significant decline in net income attributable to the company from $4.6 million to $0.2 million. The net operating loss increased by $1.3 million, and the EPS dropped from $0.53 to $0.02. These are meaningful negatives for a real estate investment company."},"tickerRelevance":{"others":[],"primary":"TCI"},"globalImportance":45,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","audienceBias":"REITs have a moderate relevance to the platform's audience","eventGravity":"net income decline and net operating loss increase","sectorWeight":"real estate"}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bearish","material_impact_score":3,"narrative":"Transcontinental Realty Investors reported Q1 2026 net income of $0.2 million or $0.02 per share, a sharp decline from $4.6 million or $0.53 per share in the same period in 2025.\n\nThe company's net operating loss widened to $1.962 million for the quarter, driven by a $1.4 million increase in operating expenses from lease-up properties.\n\nDespite $4.404 million in interest income, the drop in gain on real estate sales and tax provisions significantly reduced net income.","key_figures":{"eps":0.02,"revenue":12341000,"revenueYoy":"$0.3 million","customDimensions":{"net_income":324000,"interest_income":4404000,"income_tax_provision":431000,"net_income_attributable_to_company":168000,"gain_on_sale_or_write_down_of_assets":385000}},"named_entities":{"people":[{"name":"Erik Johnson","role":"Investor Relations"}],"products":[],"companies":[{"name":"Transcontinental Realty Investors, Inc.","ticker":"TCI"}],"dollarAmounts":[{"amount":"$12.3 million","context":"Total revenue for Q1 2026"},{"amount":"$11.656 million","context":"Rental revenues for Q1 2026"},{"amount":"$0.8 million","context":"Gain on sale of 21 lots in Windmill Farms"},{"amount":"$4.404 million","context":"Interest income for Q1 2026"},{"amount":"$4.6 million","context":"Net income attributable to the company in Q1 2025"},{"amount":"$0.2 million","context":"Net income attributable to the company in Q1 2026"}]},"model_name":"Qwen/Qwen3-32B-AWQ","prompt_hash":"sha256:f66160e0fe5301b2","schema_hash":"sha256:12363694422af5d9","created_at":"2026-05-08T05:17:33.326Z","global_importance":45,"audience_relevance":30,"importance_components":{"tickerTier":"mid-cap","audienceBias":"REITs have a moderate relevance to the platform's audience","eventGravity":"net income decline and net operating loss increase","sectorWeight":"real estate"}},"durationMs":25289,"modelName":"glm-4.7"}}