Highest-materiality recent filing
Transcontinental Realty reports Q2 net loss of $1.1M vs prior year net income of $0.2M
Net loss attributable to common shares of $1.1M ($0.13 per share) vs net income of $0.2M ($0.02 per share) in Q2 2025.
TCI reports Q1 2026 net income of $0.2M ($0.02 EPS), down from $4.6M ($0.53 EPS) YoY
Net income attributable to common shares was $0.2M ($0.02 per share), compared to $4.6M ($0.53 per share) in Q1 2025.
TCI Q4 net income jumps to $8.3M ($0.97 EPS) driven by $28M property sale
Net income attributable to common shares: $8.3M ($0.97 diluted EPS) for Q4 2025 vs $0.1M ($0.01) in Q4 2024.
TCI elects all director nominees, ratifies auditor at Dec 10 annual meeting
All six director nominees elected: Henry A. Butler, William J. Hogan, Robert A. Jakuszewski, Fernando V. Lara Celis, Ted R. Munselle.
TCI annual meeting elects six directors, ratifies auditor
All six director nominees elected: Butler, Hogan, Jakuszewski, Lara Celis, Munselle – each >7.6M For votes.
TCI Q3 net income falls 59% to $0.7M; occupancy 82%, revenue up 10%
Net income attributable to common shares $0.7M ($0.08/diluted) vs $1.7M ($0.20/diluted) in Q3 2024.
TCI Q2 net income falls to $0.2M ($0.02/share) from $1.5M; occupancy at 82%
Net income attributable to common shares $0.2M ($0.02 diluted EPS) vs $1.5M ($0.17) in Q2 2024.
Transcontinental Realty Q1 net income $4.6M ($0.53 EPS) vs $2.5M ($0.30) YoY
Net income attributable to common shares rose 84% to $4.6M ($0.53 diluted EPS) from $2.5M ($0.30) in Q1 2024.
TCI posts Q4 2024 net income of $0.1M vs loss a year ago; rental revenue down
Net income of $0.1M ($0.01 diluted EPS) compared to net loss of $2.6M ($0.30 loss) in Q4 2023.
Transcontinental Realty Investors elects directors and ratifies auditor at annual meeting
All five director nominees elected: Butler (88.71%), Hogan (88.71%), Jakuszewski (87.74%), Munselle (85.68%), Lara Celis (87.73%).
Transcontinental Realty Q3 net income falls to $1.7M from $4.5M; EPS $0.20 vs $0.52
Net income attributable to common shares $1.7M ($0.20 diluted EPS) vs $4.5M ($0.52) in Q3 2023.
Transcontinental Realty Q2 2024 net income triples to $1.5M ($0.17/sh)
Net income attributable to common shares $1.5M ($0.17 diluted EPS) vs $0.5M ($0.06) in Q2 2023.
Bradford A. Phillips resigns from Transcontinental Realty Investors board effective July 5, 2024
Phillips resigned as director of both TCI and American Realty Investors (ARL) effective July 5, 2024.
Transcontinental Realty appoints Erik L. Johnson as President and CEO effective May 28
Erik L. Johnson, age 56, appointed President and CEO of TCI, effective May 28, 2024.
TCI posts Q1 net income of $2.5M ($0.30 EPS), down from $3.5M ($0.41 EPS) YoY
Net income attributable to common shares $2.5M ($0.30 diluted EPS) vs $3.5M ($0.41) in Q1 2023.
Amended agreement effective Jan 1, 2024 consolidates prior fees into a single "Net Asset Value Fee" plus specified allocated reimbursements.
Transcontinental Realty reports Q4 net loss of $2.6M vs net income of $58.9M in Q4 2022
Net loss of $2.6M ($0.30/diluted share) vs net income of $58.9M ($6.82/share) in Q4 2022.
TCI amends Articles of Incorporation; amendment filed with Nevada Secretary of State
Stockholders approved amendment to Article TENTH, Subpart C at Dec 13, 2023 Annual Meeting.
All six TCI director nominees elected at Dec 13 annual meeting; shareholder proposal defeated
Director nominees elected: Henry Butler (88.74%), William Hogan (89.55%), Robert Jakuszewski (87.39%), Ted Munselle (87.07%), Bradford Phillips (87.39%), Fernand Victor Lara Celis (89.51%).
Transcontinental Realty Q3 net income falls to $4.5M from $378.4M YoY; EPS $0.52 vs $43.79
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.
Transcontinental Realty director Raymond Roberts resigns; Fernando Victor Lara Celis appointed
Raymond D. Roberts, Sr., age 91, resigned as director and from all board committees on Oct 10, 2023; cited health issues, no disagreement with company.
Q2 net income drops to $0.5M ($0.06/diluted) from $16.5M ($1.91) a year ago
Net income fell $15.9M year-over-year due to $14.1M decrease in gain on foreign currency transactions.
Transcontinental Realty Q1 net income $3.5M vs $14.5M YoY; rental revenue $11.0M
Net income attributable to common shares $3.5M ($0.41 diluted) vs $14.5M ($1.68) in Q1 2022, a 76% decline.
Transcontinental Realty CEO Bradley J. Muth resigns effective April 14, 2023
Bradley J. Muth, age 63, resigned as President and CEO and all subsidiary positions effective April 14, 2023.
TCI reports Q4 2022 net income of $58.9M vs loss of $8.7M; gain on VAA remeasurement
Diluted EPS of $6.82 vs -$1.01 YoY; net income swing of $67.7M.
All six incumbent directors were re-elected: Henry A. Butler, William J. Hogan, Robert A. Jakuszewski, Ted R. Munselle, Bradford A. Phillips, Raymond D. Roberts, Sr.
Net income attributable to Company: $378.4M ($43.79 diluted) vs $26.2M ($3.04) in Q3 2021.
Transcontinental Realty subsidiary gets $203.9M distribution and control of 7 multifamily properties
SPC received ~$203.9M as second-phase distribution from VAA's sale of 45 properties to a third party.
Transcontinental Realty closes $1.8B portfolio sale; plans $100M dividend
Sold 46 multifamily properties to two private equity funds for total of ~$1.8B; proceeds net of debt and costs ~$974M.
Transcontinental Realty swings to Q2 net income of $16.5M from prior-year loss of $30.7M
Net income of $16.5M ($1.91 diluted EPS) vs net loss of $30.7M (-$3.56 EPS) in Q2 2021.
SPC (TCI subsidiary) and Macquarie JV VAA agree to sell 52 multifamily properties plus one direct property for ~$2.04B.
Transcontinental Realty Q1 net income falls 36% to $14.5M; rental revenue declines on property sale
Net income attributable to company of $14.5M ($1.68/diluted share) vs $22.6M ($2.62) in Q1 2021.
Appoints Bradley J. Muth as President and CEO, effective Dec 16, 2021
Bradley J. Muth, 61, appointed President and CEO; previously Senior Managing Director at ValueRock Realty Partners.
TCI JV with Macquarie to sell most assets; broker selection by end-2021, sale starts early 2022
SPC and Macquarie (Class A Rights Holders) agreed to jointly sell JV portfolio; broker selection by end-2021.
Transcontinental Realty corrects Q3 2021 result: net loss changed to net income
Original press release erroneously stated 'net loss' for three months ended Sep 30, 2021; should be 'net income'.
TCI reports Q3 net loss of $26.2M ($3.04/share); revenue down, office sale closed
Net loss of $26.2M ($3.04 diluted EPS) vs $7.7M loss ($0.88) in Q3 2020; rental revenue fell $1.8M to $9.6M.
TCI completes sale of 600 Las Colinas office building for $74.5M, gains $32.3M
Sold 512,173 sq ft office building in Irving, TX for $74.5 million.
Transcontinental Realty Q2 net loss widens to $30.7M on $29.6M earn-out charge
Net loss of $30.7M ($3.56 per diluted share) compared to $4.2M ($0.48 per share) in Q2 2020.
TCI subsidiary loses arbitration; owes $39.6M earn-out, takes $29.6M Q2 charge
Arbitration panel fully accepted Macquarie's position; SPC's claims declined.
By letter dated July 5, 2024, Bradford A. Phillips resigned as a Member of the Board of Directors of Transcontinental Realty Investors, Inc.
Effective May 28, 2024, the Board of Directors of Transcontinental Realty Investors, Inc. (the “ Company ” or the “ Issuer ” or “ TCI ”) appointed Erik L. Johnson, age 56, President and Chief Executive Officer of the Company.
On October 10, 2023, Raymond D. Roberts, Sr. resigned as a director and from all Board Committees of Transcontinental Realty Investors, Inc.
On October 10, 2023, the Board of Directors of TCI selected Fernando Victor Lara Celis, age 57, as a director effective October 11, 2023, to fill a vacancy on the Board of Directors created by the resignation of Raymond D. Roberts, Sr.
Effective April 14, 2023, Bradley J. Muth, age 63, President and Chief Executive Officer since December 16, 2021 of Transcontinental Realty Investors, Inc. (the “Company” or the “Issuer”) ceased to be and resigned as President and Chief Executive Officer as well as all positions with any subsidiary entities.
Effective as of December 16, 2021, the Board of Directors of Transcontinental Realty Investors, Inc. (the “ Company ” or the “ Issuer ” or “ TCI ”) appointed Bradley J. Muth, age 61, President and Chief Executive Officer of the Company.
Max materiality 0.90 · Median 0.65 · Most common event earnings