Transcontinental Realty Q1 profit falls to $0.2 million; revenue up to $12.3 million
Transcontinental Realty Investors reported net income attributable to common shares of $0.2 million, or $0.02 per share, for the quarter ended March 31, 2026, down from $4.6 million, or $0.53 per share, a year earlier. Revenue rose $0.3 million to $12.3 million, but a higher net operating loss and a $3.5 million drop in gains on sales and write-downs drove the profit decline, which the company attributed partly to a 2025 condemnation of Windmill Farms land.
Key points
- Net income attributable to common shares was $0.2 million ($0.02 per share), versus $4.6 million ($0.53 per share) in Q1 2025.
- Total revenue rose to $12.3 million from $12.0 million, led by a $0.7 million increase from commercial properties.
- Net operating loss widened to $2.0 million from $0.6 million, mainly due to a $1.4 million rise in lease-up property operating expenses.
- Total occupancy for stabilized properties was 81% at March 31, 2026, including 93% for multifamily and 58% for commercial properties.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.