---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-031848"
form_type: "8-K"
ticker: "TCI"
cik: "0000733590"
company_name: "TRANSCONTINENTAL REALTY INVESTORS INC"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:18:07.102391+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TCI reports Q1 2026 net income of $0.2M ($0.02 EPS), down from $4.6M ($0.53 EPS) YoY

## Summary
- Net income attributable to common shares was $0.2M ($0.02 per share), compared to $4.6M ($0.53 per share) in Q1 2025.
- Revenue increased slightly to $12.3M from $12.0M, but net operating loss widened to $2.0M from $0.6M.
- Occupancy stabilized at 81% overall; multifamily 93%, commercial 58%. Development properties occupancy 42-47%.
- Sold 21 lots at Windmill Farms for $1.0M, recording a $0.8M gain on sale.
- Decrease in net income primarily due to lower gains on asset sales ($3.5M decline) and lower interest income.

## SEC filing metadata
- accession: 0001628280-26-031848
- form_type: 8-K
- ticker: TCI
- cik: 0000733590
- company_name: TRANSCONTINENTAL REALTY INVESTORS INC
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/733590/000162828026031848/0001628280-26-031848-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/733590/000162828026031848/tci-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-031848
- JSON: https://secwatch.observer/filing/0001628280-26-031848.json
- Plain text: https://secwatch.observer/filing/0001628280-26-031848.txt

## Source-grounded claims
- claim_id: 633ac09dcc71eeb4991495da3e2706a2c170732e
  claim: TRANSCONTINENTAL REALTY INVESTORS INC reported the three months ended March 31, 2026 results: revenue $12.3 million, net income $0.2 million, EPS $0.02 per share.
  evidence_excerpt: for $1.0 million, resulting in a gain on sale of $0.8 million. Financial Results Revenues increased $0.3 million from $12.0 million for the three months ended March 31, 2025 to $12.3 million for the three months ended March 31, 2026. The increase in revenue is primarily due to an increase of $0.7 million from our commercial properties offset in part by a $0.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/733590/000162828026031848/0001628280-26-031848-index.htm

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