Transcontinental Realty Investors, Inc. Reports Earnings for Quarter Ended March 31, 2024
Transcontinental Realty Investors, Inc. (TCI)
US:NYSE Investor Relations:
transconrealty-invest.com
Company Research
Source: Business Wire
DALLAS--(BUSINESS WIRE)--Transcontinental Realty Investors, Inc. (NYSE:TCI) is reporting its results of operations for the three months ended March 31, 2024. For the three months ended March 31, 2024, we reported net income attributable to common shares of $2.5 million or $0.30 per diluted share, compared to a net income of $3.5 million or $0.41 per diluted share for the same period in 2023.Financial HighlightsTotal occupancy was 79% at March 31, 2024, which includes 94% at our multifamily properties and 49% at our commercial properties.On February 8, 2024, we extended the maturity of our loan on Windmill Farms to February 28, 2026 at an interest rate of 7.50%.Financial ResultsRental revenues increased $0.3 million from $11.0 million for the three months ended March 31, 2023 to $11.3 million for the three months ended March 31, 2024. The increase in rental revenue is primarily due to $0.7 million increase at our multifamily properties offset in part by a decrease of $0.4 million f
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News
- Transcontinental Realty Investors, Inc. (NYSE: TCI) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Transcontinental Realty Investors, Inc. (NYSE: TCI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Transcontinental Realty Investors First Quarter 2024 Earnings: EPS: US$0.29 (vs US$0.41 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Transcontinental Realty Investors, Inc. Reports Earnings for Quarter Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
TCI
Sec Filings
- 5/29/24 - Form 8-K
- 5/9/24 - Form 8-K
- 5/9/24 - Form 10-Q
- TCI's page on the SEC website