---
schema_version: "secwatch.filing_event.v1"
accession: "0000733590-23-000022"
form_type: "8-K"
ticker: "TCI"
cik: "0000733590"
company_name: "TRANSCONTINENTAL REALTY INVESTORS INC"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T08:08:59.151995+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Transcontinental Realty Q3 net income falls to $4.5M from $378.4M YoY; EPS $0.52 vs $43.79

## Summary
- Net income attributable to common shares $4.5M ($0.52 diluted EPS) vs $378.4M ($43.79) in Q3 2022; prior year included gain on sale of VAA portfolio.
- Rental revenues rose to $11.8M from $7.6M due to multifamily acquisitions, partially offset by commercial decline.
- Total occupancy 79% (multifamily 96%, commercial 49%) at September 30, 2023.
- Obtained $25.4M construction loan for 216-unit multifamily property in McKinney, TX on Nov 6, 2023.
- Paid off $1.2M loan on Athens property on Aug 28, 2023.

## SEC filing metadata
- accession: 0000733590-23-000022
- form_type: 8-K
- ticker: TCI
- cik: 0000733590
- company_name: TRANSCONTINENTAL REALTY INVESTORS INC
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/733590/000073359023000022/0000733590-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/733590/000073359023000022/tci-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000733590-23-000022
- JSON: https://secwatch.observer/filing/0000733590-23-000022.json
- Plain text: https://secwatch.observer/filing/0000733590-23-000022.txt

## Key facts
- Earnings Releases
  TRANSCONTINENTAL REALTY INVESTORS INC reported three months ended September 30, 2023 results: revenue $11.8 million, net income $4.5 million, EPS $0.52 per diluted share.
  - Period: three months ended September 30, 2023
  - Revenue: $11.8 million
  - Net income: $4.5 million
  - EPS: $0.52 per diluted share
  - Result: reported results
  source text: a 216 unit multifamily property in McKinney, Texas. Financial Results Rental revenues increased $4.3 million from $7.6 million for the three months ended September 30, 2022 to $11.8 million for the three months ended September 30, 2023. The increase in rental revenue is primarily due to $5.0 million increase at our multifamily properties offset in part by a decrease
  evidence_url: https://www.sec.gov/Archives/edgar/data/733590/000073359023000022/0000733590-23-000022-index.htm

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