secwatch.observer — SEC 8-K summary
======================================

Issuer:     TRANSCONTINENTAL REALTY INVESTORS INC (TCI)
CIK:        0000733590
Form:       8-K
Filed at:   2021-08-11T23:59:59+00:00
Accession:  0000733590-21-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Transcontinental Realty Q2 net loss widens to $30.7M on $29.6M earn-out charge
------------------------------------------------------------------------------

- Net loss of $30.7M ($3.56 per diluted share) compared to $4.2M ($0.48 per share) in Q2 2020.
- Arbitration verdict on VAA joint venture earn-out requires $39.6M payment to Macquarie, a $29.6M increase.
- Rental revenues fell 12% to $10.2M; net operating loss of $5.2M vs income of $0.6M in Q2 2020.
- Rent collection 96% (96% multifamily, 97% office); total occupancy 91% (95% multifamily, 73% commercial).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/733590/000073359021000018/0000733590-21-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/733590/000073359021000018/tci-20210811.htm
  HTML page:      https://secwatch.observer/filing/0000733590-21-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer