TCI posts Q4 2024 net income of $0.1M vs loss a year ago; rental revenue down

TRANSCONTINENTAL REALTY INVESTORS INC

Net income of $0.1M ($0.01 diluted EPS) compared to net loss of $2.6M ($0.30 loss) in Q4 2023.
Rental revenues fell to $11.2M from $12.8M YoY, driven by lower commercial occupancy.
Overall occupancy 81% (multifamily 94%, commercial 53%) at Dec 31, 2024.
Signed 45k sq ft lease at Stanford Center, boosting occupancy 14% and rent 20% per sq ft; lease starts April 2025.
Obtained $27.5M construction loan for 234-unit multifamily project in Dallas (Mountain Creek); total cost ~$49.8M, completion 2026.

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