secwatch.observer — SEC 8-K summary
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Issuer:     TRANSCONTINENTAL REALTY INVESTORS INC (TCI)
CIK:        0000733590
Form:       8-K
Filed at:   2022-05-13T23:59:59+00:00
Accession:  0000733590-22-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Transcontinental Realty Q1 net income falls 36% to $14.5M; rental revenue declines on property sale
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- Net income attributable to company of $14.5M ($1.68/diluted share) vs $22.6M ($2.62) in Q1 2021.
- Rental revenues dropped 28% to $7.5M from $10.4M, primarily due to sale of 600 Las Colinas in 2021.
- Net operating loss widened to $4.1M from $2.2M year-over-year.
- Sold Toulon multifamily property in Mississippi for $26.8M in Jan 2022, generating $9.4M gain.
- Occupancy at 90% (94% multifamily, 70% commercial); rent collection at 98%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/733590/000073359022000011/0000733590-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/733590/000073359022000011/tci-20220513.htm
  HTML page:      https://secwatch.observer/filing/0000733590-22-000011

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