---
schema_version: "secwatch.filing_event.v1"
accession: "0000733590-23-000006"
form_type: "8-K"
ticker: "TCI"
cik: "0000733590"
company_name: "TRANSCONTINENTAL REALTY INVESTORS INC"
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T17:17:31.493623+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TCI reports Q4 2022 net income of $58.9M vs loss of $8.7M; gain on VAA remeasurement

## Summary
- Diluted EPS of $6.82 vs -$1.01 YoY; net income swing of $67.7M.
- Rental revenues of $11.8M, up 55% YoY, driven by multifamily from VAA Holdback Portfolio.
- Received $204M distribution from VAA Sale Portfolio on Nov 1, 2022; fair value of Holdback Portfolio $219.5M.
- Paid off $38.5M Stanford Center loan in Oct 2022 and $66.5M Series C bonds in Jan 2023.
- Rent collection rate 96% for Q4; multifamily occupancy 93%, overall occupancy 81%.

## SEC filing metadata
- accession: 0000733590-23-000006
- form_type: 8-K
- ticker: TCI
- cik: 0000733590
- company_name: TRANSCONTINENTAL REALTY INVESTORS INC
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/733590/000073359023000006/0000733590-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/733590/000073359023000006/tci-20230324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000733590-23-000006
- JSON: https://secwatch.observer/filing/0000733590-23-000006.json
- Plain text: https://secwatch.observer/filing/0000733590-23-000006.txt

## Key facts
- Earnings Releases
  TRANSCONTINENTAL REALTY INVESTORS INC reported the three months ended December 31, 2022 results: net income $58.9 million, EPS $6.82 per diluted share.
  - Period: the three months ended December 31, 2022
  - Net income: $58.9 million
  - EPS: $6.82 per diluted share
  - Result: reported results
  source text: For the three months ended December 31, 2022, we reported net income attributable to common shares of $58.9 million or $6.82 per diluted share, compared to a net loss of $8.7 million or $1.01 per diluted share for the same period in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/733590/000073359023000006/0000733590-23-000006-index.htm

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