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Transcontinental Realty Investors, Inc. Reports Earnings for Quarter Ended March 31, 2025

1. Net income rose to $4.6 million in Q1 2025, up from $2.5 million. 2. Total occupancy increased to 80%, with multifamily properties at 94%. 3. Rental revenue slightly increased to $11.4 million from $11.3 million. 4. Operating loss decreased significantly, improving overall financial health. 5. Company sold lots for $1.4 million, netting a $1.1 million gain.

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FAQ

Why Bullish?

The substantial increase in net income and reduction in operating loss signal a healthier financial outlook, reminiscent of past upticks after profit increases.

How important is it?

Q1 results directly reflect TCI's operational effectiveness, indicating strong investment potential.

Why Short Term?

Immediate investor sentiment may benefit due to solid Q1 results, similar to previous quarters' patterns.

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- DALLAS--(BUSINESS WIRE)--Transcontinental Realty Investors, Inc. (NYSE: TCI) is reporting its results of operations for the three months ended March 31, 2025. For the three months ended March 31, 2025, we reported net income attributable to common shares of $4.6 million or $0.53 per diluted share, compared to $2.5 million or $0.30 per diluted share for the same period in 2024. Financial Highlights Total occupancy was 80% at March 31, 2025, which includes 94% at our multifamily properties and 53% at our commercial properties. On December 13, 2024, we sold 30 single family lots from our holdings in Windmill Farms for $1.4 million, resulting in a gain on sale of $1.1 million. Financial Results Rental revenues increased $0.1 million from $11.3 million for the three months ended March 31, 2024 to $11.4 million for the three months ended March 31, 2025. The increase in rental revenue is primarily due to an increase in rents at our multifamily properties. Net operating loss decreased $0.7 million from $1.3 million for the three months ended March 31, 2024 to $0.6 million for the three months ended March 31, 2025. Our decrease in net operating loss was due to a $0.6 million decrease in operating expenses. The decrease in operating expenses is primarily due to a decrease in the cost of insurance and property taxes for the three months ended March 31, 2025. Net income attributable to the Company increased $2.1 million from $2.5 million for the three months ended March 31, 2024 to $4.6 million for the three months ended March 31, 2025. The increase in net income is primarily attributed to an increase in gain on real estate transactions offset in part by a decrease in interest income and an increase in tax provision for the three months ended March 31, 2025. About Transcontinental Realty Investors, Inc. Transcontinental Realty Investors, Inc., a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate. The Company also holds mortgage receivables. More News From Transcontinental Realty Investors, Inc.

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