TCI reports Q3 net loss of $26.2M ($3.04/share); revenue down, office sale closed

TRANSCONTINENTAL REALTY INVESTORS INC

2021-Q3 EPS reported $2.10 revenue$32,657,000

Net loss of $26.2M ($3.04 diluted EPS) vs $7.7M loss ($0.88) in Q3 2020; rental revenue fell $1.8M to $9.6M.
Sold 600 Las Colinas office building for $74.8M, net cash proceeds ~$38.8M after mortgage repayment.
Refinanced Villas at Bon Secour with $20M loan at 3.08% (down 92bps), generated $8.9M additional proceeds.
Total occupancy 93% (97% multifamily, 70% commercial); rent collection ~94%.

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