---
schema_version: "secwatch.filing_event.v1"
accession: "0000733590-24-000013"
form_type: "8-K"
ticker: "TCI"
cik: "0000733590"
company_name: "TRANSCONTINENTAL REALTY INVESTORS INC"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:36:25.016598+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TCI posts Q1 net income of $2.5M ($0.30 EPS), down from $3.5M ($0.41 EPS) YoY

## Summary
- Net income attributable to common shares $2.5M ($0.30 diluted EPS) vs $3.5M ($0.41) in Q1 2023.
- Rental revenue up $0.3M to $11.3M; total occupancy 79% (multifamily 94%, commercial 49%).
- Net operating loss improved from $2.6M loss to $1.3M loss due to lower G&A from bonds repaid in 2023.
- Extended Windmill Farms loan maturity to Feb 2026 at 7.50% interest rate.
- Decrease in net income driven by lower interest income and foreign currency gains.

## SEC filing metadata
- accession: 0000733590-24-000013
- form_type: 8-K
- ticker: TCI
- cik: 0000733590
- company_name: TRANSCONTINENTAL REALTY INVESTORS INC
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/733590/000073359024000013/0000733590-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/733590/000073359024000013/tci-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000733590-24-000013
- JSON: https://secwatch.observer/filing/0000733590-24-000013.json
- Plain text: https://secwatch.observer/filing/0000733590-24-000013.txt

## Key facts
- Earnings Releases
  TRANSCONTINENTAL REALTY INVESTORS INC reported three months ended March 31, 2024 results: net income $2.5 million or $0.30 per diluted share, EPS $0.30 per diluted share.
  - Period: three months ended March 31, 2024
  - Net income: $2.5 million or $0.30 per diluted share
  - EPS: $0.30 per diluted share
  - Result: reported results
  source text: Transcontinental Realty Investors, Inc. reports Earnings for Q1 2024 DALLAS (May 9, 2024) -- Transcontinental Realty Investors, Inc. (NYSE:TCI) is reporting its results of operations for the three months ended March 31, 2024. For the three months ended March 31, 2024, we reported net income attributable to common shares of $2.5 million or $0.30 per diluted share, compared to a net income of $3.5 million or $0.41 per diluted share for the same period in 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/733590/000073359024000013/0000733590-24-000013-index.htm

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