---
schema_version: "secwatch.filing_event.v1"
accession: "0000733590-23-000017"
form_type: "8-K"
ticker: "TCI"
cik: "0000733590"
company_name: "TRANSCONTINENTAL REALTY INVESTORS INC"
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T19:56:45.829368+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Q2 net income drops to $0.5M ($0.06/diluted) from $16.5M ($1.91) a year ago

## Summary
- Net income fell $15.9M year-over-year due to $14.1M decrease in gain on foreign currency transactions.
- Rental revenues rose to $11.4M from $7.3M, driven by multifamily acquisitions.
- Net operating loss increased to $3.5M from $2.8M, partly on higher legal costs.
- Total occupancy 81% (multifamily 93%, commercial 59%) at June 30, 2023.
- Repaid $67.5M Series C bonds in Jan and $42.9M Series A/B bonds in May; subsidiary exited TASE.

## SEC filing metadata
- accession: 0000733590-23-000017
- form_type: 8-K
- ticker: TCI
- cik: 0000733590
- company_name: TRANSCONTINENTAL REALTY INVESTORS INC
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/733590/000073359023000017/0000733590-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/733590/000073359023000017/tci-20230810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000733590-23-000017
- JSON: https://secwatch.observer/filing/0000733590-23-000017.json
- Plain text: https://secwatch.observer/filing/0000733590-23-000017.txt

## Key facts
- Earnings Releases
  TRANSCONTINENTAL REALTY INVESTORS INC reported three months ended June 30, 2023 results: revenue 11.4 million, net income 0.5 million, EPS 0.06.
  - Period: three months ended June 30, 2023
  - Revenue: 11.4 million
  - Net income: 0.5 million
  - EPS: 0.06
  - Result: reported results
  source text: Ltd. withdrew from the Tel Aviv Stock Exchange (“TASE”). Financial Results Rental revenues increased $4.1 million from $7.3 million for the three months ended June 30, 2022 to $11.4 million for the three months ended June 30, 2023. The increase in rental revenue is primarily due to $4.7 million increase at our multifamily properties offset in part by a decrease of
  evidence_url: https://www.sec.gov/Archives/edgar/data/733590/000073359023000017/0000733590-23-000017-index.htm

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