TRANSCONTINENTAL REALTY INVESTORS INC

Transcontinental Realty Investors, Inc. reported a significant decline in net income for Q1 2026, falling to $0.2 million or $0.02 per share, compared to $4.6 million or $0.53 per share in the prior year. Revenues saw a slight increase to $12.3 million, up from $12.0 million, primarily driven by commercial properties. However, the company experienced an increased net operating loss and a substantial decrease in gains from asset sales, contributing to the sharp drop in profitability.

Transcontinental Realty Investors Inc. reported a significant decline in net income attributable to the company for the first quarter of 2026, dropping to $168 thousand from $4.62 million in the prior year. Diluted earnings per share also decreased substantially to $0.02 from $0.53. While total revenue saw a modest increase to $12.34 million, higher operating expenses and a significant reduction in gains from asset sales contributed to a wider net operating loss. The company also provided updates on ongoing litigation and development projects, including the extension of the Alera construction loan.