---
schema_version: "secwatch.filing_event.v1"
accession: "0000733590-22-000027"
form_type: "8-K"
ticker: "TCI"
cik: "0000733590"
company_name: "TRANSCONTINENTAL REALTY INVESTORS INC"
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-22T00:18:10.470973+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Transcontinental Realty Q3 2022 net income $378.4M ($43.79/diluted) driven by $1.8B VAA property sale

## Summary
- Net income attributable to Company: $378.4M ($43.79 diluted) vs $26.2M ($3.04) in Q3 2021.
- Rental revenues decreased to $7.6M from $9.6M due to prior property sales; net operating loss improved to $2.8M.
- VAA joint venture sold 45 properties for $1.8B; TCI received initial $182.8M distribution and $738.7M gain.
- Sold Sugar Mill Phase III multifamily for $11.8M (gain $1.9M); proceeds used to pay off $9.6M mortgage.
- Stabilized occupancy 94% (multifamily 96%, commercial 68%); rent collection 99%.

## SEC filing metadata
- accession: 0000733590-22-000027
- form_type: 8-K
- ticker: TCI
- cik: 0000733590
- company_name: TRANSCONTINENTAL REALTY INVESTORS INC
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/733590/000073359022000027/0000733590-22-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/733590/000073359022000027/tci-20221110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000733590-22-000027
- JSON: https://secwatch.observer/filing/0000733590-22-000027.json
- Plain text: https://secwatch.observer/filing/0000733590-22-000027.txt

## Key facts
- Earnings Releases
  TRANSCONTINENTAL REALTY INVESTORS INC reported the quarter ended September 30, 2022 results: net income net income attributable to the Company of $378.4 million or $43.79 per diluted share, EPS $43.79 per diluted share.
  - Period: the quarter ended September 30, 2022
  - Net income: net income attributable to the Company of $378.4 million or $43.79 per diluted share
  - EPS: $43.79 per diluted share
  - Result: reported results
  source text: On November 10, 2022, Transcontinental Realty Investors, Inc. (“TCI” or the “Company”) announced its operational results for the quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/733590/000073359022000027/0000733590-22-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.