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TCI — Transcontinental Realty Investors News Story

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Transcontinental Realty Investors Q4 net income jumps on asset sale

Overview

U.S. real estate investor's Q4 revenue rose slightly, driven by higher commercial property occupancy

Net income surged, mainly due to gain on Villas at Bon Secour sale

Operating loss widened as expenses rose from lease-up properties

Outlook

Company did not provide specific guidance or outlook for future periods

Result Drivers

PROPERTY SALE - Net income increase was mainly due to gain on sale of Villas at Bon Secour

OPERATING EXPENSES - Operating loss widened due to higher costs from lease-up properties

COMMERCIAL OCCUPANCY - Revenue rose due to higher occupancy at commercial properties, mainly Stanford Center

Company press release: ID:nBwbX7SJza

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Rental Revenues$11.51 mln
Q4 EPS$0.97
Q4 Net Income$8.44 mln
Q4 Operating Income-$3.49 mln
Q4 Property Operating Expenses$7.82 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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