Transcontinental Realty Investors, Inc. (NYSE: TCI) reported its financial results for the three months ended September 30, 2026, in a Form 8-K filed on November 12, 2026. The company reported a net loss attributable to common shares of $0.1 million, or $0.02 per share, for the third quarter of 2026. This compares to net income of $0.7 million, or $0.08 per share, for the same period in 2025.
Revenues for the quarter increased to $13.9 million from $12.8 million in the prior year, driven primarily by an increase of $1.5 million in rental revenues from multifamily properties, offset by a $0.4 million decrease in rental revenues from commercial properties. The increase in multifamily revenue was attributed to the lease-up of development properties. However, the company reported a net operating loss of $2.4 million for the quarter, an increase of approximately $1.0 million from the prior year, due largely to a $1.4 million rise in operating expenses related to the lease-up properties.
Financial highlights for the period include total stabilized occupancy of 82%, with multifamily properties at 95% and commercial properties at 57%. During the quarter, the company sold 21 lots from its Windmill Farms holdings for $1.0 million, resulting in a gain on sale of $0.8 million. Additionally, on October 2, 2026, the company entered into an agreement to purchase four multifamily properties—Bellwether Ridge, Parc at Ingleside, Parc at Opelika, and Parc at Windmill Farms—in exchange for the settlement of four notes receivable and a cash payment of $12.0 million. On October 28, 2026, the company exercised an option to extend the maturity of its loan on Alera at Hunters Glen to November 5, 2027.
