TCI on NYSE
TRANSCONTINENTAL REALTY INVESTORS INC
American real estate investment trust based in Dallas, incorporated in Nevada2
In its 2026 annual report the company says: “We operate high quality multifamily and commercial properties throughout the Southern United States. We also invest in mortgage notes receivable and in land that is either held for appreciation or development.”4 Its shares trade on NYSE under the symbol TCI.2
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Last updated Oct 20, 2026.
Overview
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- TickerTCI on NYSE2
- IndustryReal Estate Investment Trusts2
- HeadquartersDallas, United States2
- Incorporated inNV3
- Business address1603 Lbj Freeway, Suite 800, Dallas, Tx 752343
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formProfit Corporation2
- LEI549300A8Z1XO0M0QRS822
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O National Registered Agents, Inc. Of NV, 89701 Carson City, United States2
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Transcontinental Realty Investors, Inc. (the “Company”), a Nevada Corporation, is a fully integrated externally managed real estate company. We operate high quality multifamily and commercial properties throughout the Southern United States. We also invest in mortgage notes receivable and in land that is either held for appreciation or development. As used herein, the terms “TCI”, “the Company”, “We”, “Our”, or “Us” refer to the Company.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Residential brought in 70% of the revenue TRANSCONTINENTAL REALTY INVESTORS INC broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Residential | $35.0M | $34.1M | $34.1M |
| Commercial Segments | $14.9M | $13.0M | $14.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs57¢$28.2M
- Income tax14¢$7.1M
- Profit28¢$13.8M
Out of $49.1M in revenue.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental revenues (including $579, $652 and $882 for 2025, 2024 and 2023, respectively, from related parties) | $46.4M | $44.8M | $47.0M |
| Other income | $2.7M | $2.3M | $2.9M |
| Total revenue | $49.1M | $47.1M | $49.9M |
| Depreciation and amortization | $12.6M | $12.3M | $13.6M |
| General and administrative (including $4,134, $3,786 and $3,701 for 2025, 2024 and 2023, respectively, from related parties) | $5.8M | $5.4M | $9.2M |
| Advisory fee to related party | $9.1M | $8.1M | $9.2M |
| Total operating expenses | $55.4M | $52.8M | $59.9M |
| Net operating loss | -$6.3M | -$5.8M | -$10.0M |
| Interest expense | -$6.7M | -$7.6M | -$9.3M |
| Gain on foreign currency transactions | $0 | $0 | $993.0K |
| Loss on early extinguishment of debt | -$284.0K | $0 | -$1.7M |
| Equity in income from unconsolidated joint venture | $0 | $708.0K | $1.1M |
| Gain (loss) on sale or write down of assets, net | $17.7M | -$589.0K | -$1.9M |
| Income tax provision | -$7.1M | -$1.9M | -$1.9M |
| Net income | $14.4M | $6.7M | $7.2M |
| Net income attributable to noncontrolling interest | -$629.0K | -$797.0K | -$1.3M |
| Net income attributable to the Company | $13.8M | $5.9M | $5.9M |
| Basic (in dollars per share) | $1.60 | $0.68 | $0.69 |
| Diluted (in dollars per share) | $1.60 | $0.68 | $0.69 |
| Basic (in shares) | 8.6M shares | 8.6M shares | 8.6M shares |
| Diluted (in shares) | 8.6M shares | 8.6M shares | 8.6M shares |
| Property operating expenses | $27.9M | $27.1M | $27.9M |
| Interest income | $17.1M | $21.9M | $30.0M |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total revenue | $12.1M | $12.8M | $12.2M | $12.0M | $11.8M | $11.6M | $11.8M | $11.9M |
| Net operating loss | -$3.5M | -$1.4M | -$825.0K | -$635.0K | -$1.7M | -$1.7M | -$1.1M | -$1.3M |
| Net income attributable to the Company | $8.3M | $724.0K | $169.0K | $4.6M | $108.0K | $1.7M | $1.5M | $2.5M |
| Basic (in dollars per share) | $0.97 | $0.08 | $0.02 | $0.53 | $0.01 | $0.20 | $0.17 | $0.30 |
| Diluted (in dollars per share) | $0.97 | $0.08 | $0.02 | $0.53 | $0.01 | $0.20 | $0.17 | $0.30 |
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Real estate | $602.4M | $557.4M | ||
| Cash and cash equivalents | $14.1M | $19.9M | $36.7M | $113.4M |
| Restricted cash | $15.2M | $20.6M | $42.3M | $108.9M |
| Short-term investments | $75.0M | $79.8M | ||
| Notes receivable (including $57,468 and $61,245 at December 31, 2025 and 2024, respectively, from related parties) | $123.7M | $128.2M | ||
| Receivable from related parties | $169.7M | $163.5M | ||
| Total assets | $1.1B | $1.1B | ||
| Mortgages and other notes payable | $210.8M | $181.9M | ||
| Accounts payable and other liabilities (including $30 and $601 at December 31, 2025 and 2024, respectively, to related parties) | $51.1M | $32.1M | ||
| Accrued interest | $3.8M | $3.2M | ||
| Deferred revenue | $581.0K | $581.0K | ||
| Total liabilities | $266.4M | $217.7M | ||
| Common stock, $0.01 par value, 10,000,000 shares authorized; 8,639,316 shares issued and outstanding | $86.0K | $86.0K | ||
| Additional paid-in capital | $262.1M | $261.4M | ||
| Retained earnings | $584.6M | $570.8M | ||
| Total shareholders equity | $846.7M | $832.3M | ||
| Noncontrolling interest | $19.4M | $20.5M | ||
| Total equity | $866.2M | $852.8M | $847.0M | $840.6M |
| Total liabilities and equity | $1.1B | $1.1B | ||
| Other assets | $132.4M | $101.1M | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Common stock, issued (in shares) | 8.6M shares | 8.6M shares | ||
| Common stock, outstanding (in shares) | 8.6M shares | 8.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Real estate | $602.4M | $557.4M | ||
| Cash and cash equivalents | $14.1M | $19.9M | $36.7M | $113.4M |
| Restricted cash | $15.2M | $20.6M | $42.3M | $108.9M |
| Short-term investments | $75.0M | $79.8M | ||
| Notes receivable (including $57,468 and $61,245 at December 31, 2025 and 2024, respectively, from related parties) | $123.7M | $128.2M | ||
| Receivable from related parties | $169.7M | $163.5M | ||
| Total assets | $1.1B | $1.1B | ||
| Mortgages and other notes payable | $210.8M | $181.9M | ||
| Accounts payable and other liabilities (including $30 and $601 at December 31, 2025 and 2024, respectively, to related parties) | $51.1M | $32.1M | ||
| Accrued interest | $3.8M | $3.2M | ||
| Deferred revenue | $581.0K | $581.0K | ||
| Total liabilities | $266.4M | $217.7M | ||
| Common stock, $0.01 par value, 10,000,000 shares authorized; 8,639,316 shares issued and outstanding | $86.0K | $86.0K | ||
| Additional paid-in capital | $262.1M | $261.4M | ||
| Retained earnings | $584.6M | $570.8M | ||
| Total shareholders equity | $846.7M | $832.3M | ||
| Noncontrolling interest | $19.4M | $20.5M | ||
| Total equity | $866.2M | $852.8M | $847.0M | $840.6M |
| Total liabilities and equity | $1.1B | $1.1B | ||
| Other assets | $132.4M | $101.1M | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Common stock, issued (in shares) | 8.6M shares | 8.6M shares | ||
| Common stock, outstanding (in shares) | 8.6M shares | 8.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $14.4M | $6.7M | $7.2M |
| (Gain) loss on sale or write down of assets | -$17.7M | $589.0K | $1.9M |
| Gain on foreign currency transactions | $0 | $0 | -$993.0K |
| Loss on early extinguishment of debt | $284.0K | $0 | $1.7M |
| Depreciation and amortization | $12.6M | $12.5M | $14.6M |
| Provision for bad debts | $104.0K | $166.0K | $1.6M |
| Equity in income from unconsolidated joint venture | $0 | -$708.0K | -$1.1M |
| Distribution of income from unconsolidated joint ventures | $0 | $1.3M | $0 |
| Other assets | -$7.1M | $721.0K | -$10.6M |
| Related party receivables | -$6.2M | -$27.3M | -$11.8M |
| Accrued interest payable | $617.0K | $561.0K | -$1.7M |
| Accounts payable and other liabilities | $14.0K | $6.8M | -$31.9M |
| Net cash (used in) provided by operating activities | -$2.9M | $1.3M | -$31.1M |
| Collection of notes receivable | $4.6M | $5.6M | $2.0M |
| Originations and advances on notes receivable | $0 | $0 | -$6.5M |
| Purchase of short-term investments | -$84.6M | -$59.1M | -$91.0M |
| Redemption and/or maturities of short-term investments | $89.4M | $69.7M | $120.3M |
| Development and renovation of real estate | -$79.5M | -$57.9M | -$18.5M |
| Deferred leasing costs | -$519.0K | -$1.2M | -$1.1M |
| Proceeds from sale of assets | $34.8M | $1.3M | $188.0K |
| Distributions from unconsolidated joint venture | $0 | $0 | $21.4M |
| Net cash (used in) provided by investing activities | -$35.8M | -$41.5M | $26.8M |
| Proceeds from mortgages and other notes payable | $63.8M | $15.1M | $0 |
| Payments on mortgages, other notes and bonds payable | -$35.2M | -$12.5M | -$137.7M |
| Purchase of IOR shares | -$1.1M | -$802.0K | -$908.0K |
| Debt extinguishment costs | $0 | $0 | -$435.0K |
| Deferred financing costs | $0 | -$199.0K | -$20.0K |
| Net cash provided by (used in) financing activities | $27.5M | $1.7M | -$139.0M |
| Net decrease in cash, cash equivalents and restricted cash | -$11.2M | -$38.6M | -$143.3M |
No quarter-by-quarter statement was filed.
Compare TRANSCONTINENTAL REALTY INVESTORS INC with another company
Corporate structure
TRANSCONTINENTAL REALTY INVESTORS INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of TRANSCONTINENTAL REALTY INVESTORS INC
- Clifton E. Phillips Filed SC 13D on TRANSCONTINENTAL REALTY INVESTORS INC, latest Aug 1, 2022
- Arcadian Energy, Inc. Filed SC 13D/A on TRANSCONTINENTAL REALTY INVESTORS INC, latest May 5, 2022
- TRANSCONTINENTAL REALTY INVESTORS INC Dallas, Texas, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What TRANSCONTINENTAL REALTY INVESTORS INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $602.4M5 Dec 31, 2025 | $557.4M5 Dec 31, 2024 | +8.1% |
| Real estate investments, at cost | $206.8M5 Dec 31, 2025 | $478.0M13 Dec 31, 2019 | −56.7% |
| Real estate accumulated depreciation | $87.8M5 Dec 31, 2025 | $78.8M5 Dec 31, 2024 | +11.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $14.1M5 Dec 31, 2025 | $19.9M5 Dec 31, 2024 | −29.3% |
| Marketable securities, current | $75.0M5 Dec 31, 2025 | $79.8M5 Dec 31, 2024 | −6.1% |
Properties, in its own words
Residential Properties in Operation
Count · Property · Location · Year Constructed · Units · Occupancy
The rest of Item 2
1 · Blue Lake Villas · Waxahachie, TX · 2002 · 186 · 89.8
2 · Blue Lake Villas Phase II · Waxahachie, TX · 2004 · 70 · 95.7
3 · Chelsea · Beaumont, TX · 1999 · 144 · 97.9
4 · Forest Grove · Bryan, TX · 2020 · 84 · 91.7
5 · Landing on Bayou Cane · Houma, LA · 2005 · 240 · 92.5
6 · Legacy at Pleasant Grove · Texarkana, TX · 2006 · 208 · 94.2
7 · Northside on Travis · Sherman, TX · 2008 · 200 · 84.0
8 · Parc at Denham Springs · Denham Spring, LA · 2007 · 224 · 94.6
9 · Parc at Denham Springs Phase II · Denham Springs, LA · 2010 · 144 · 92.4
10 · Residences at Holland Lake · Weatherford, TX · 2004 · 208 · 98.6
11 · Villas of Park West Phase I · Pueblo, CO · 2005 · 148 · 96.6
12 · Villas of Park West Phase II · Pueblo, CO · 2010 · 112 · 94.6
13 · Vista Ridge · Tupelo, MS · 2009 · 160 · 94.4
2,128
Residential Properties in Lease-Up
Count · Property · Location · Year Constructed · Units · Occupancy
1 · Alera · Lake Wales, FL · 2025 · 240 · 12.9
2 · Bandera Ridge · Temple, TX · 2025 · 216 · 16.7
3 · Merano · McKinney, TX · 2025 · 216 · 11.1
Residential Properties in Construction
Count · Property · Location · Units
1 · Mountain Creek · Dallas, TX · 234
Commercial Properties
Count · Property · Location · Year Constructed · Rentable Square Feet · Occupancy
1 · 770 South Post Oak · Houston, TX · 1970 · 95,528 · 61.7
2 · Browning Place · Dallas, TX · 1984 · 626,529 · 55.4
3 · Senlac · Dallas, TX · 1971 · 2,812 · 100.0
4 · Stanford Center · Dallas, TX · 2007 · 276,680 · 64.9
1,001,549
Year of LeaseExpiration · Number of Leases Expiring · Square Foot ("SF") of Leases Expiring · % of Total Leased SF by Expiring Leases · Ending Rent/SF of Expiring Leases · % of Total Rent Represented by Expiring Leases
2026 · 4 · 20,856 · 4 · 27.07 · 3.6
2027 · 7 · 17,224 · 3 · 25.59 · 2.8
2028 · 12 · 52,272 · 9 · 24.53 · 8.1
2029 · 8 · 102,764 · 17 · 16.79 · 10.9
2030 · 8 · 106,707 · 18 · 29.01 · 19.5
Thereafter · 24 · 288,362 · 49 · 30.30 · 55.1
63 · 588,185 · 100 · 100.0
Land Investments
Project · Location · Acres
Held for development
Athens · Athens, AL · 33
EQK Portage · Kent, OH · 49
McKinney 36 · Collin County, TX · 18
Ocean Estates · Gulfport, MS · 12
Willowick · Pensacola, FL · 40
Mercer Crossing Commercial · Farmers Branch, TX · 19
Windmill Farms · Kaufman County, TX · 1,482
Other · Various · 38
1,691
Held subject to sales contract
Windmill Farms · Kaufman County, TX · 101
1,792
Item 2 of the 10-K filed Mar 12, 2026.4
Leadership
Who has led TRANSCONTINENTAL REALTY INVESTORS INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerDaniel J. Moos Dec 13, 2016 to Nov 20, 201914
- PresidentDaniel J. Moos Apr 9, 2007 to Nov 20, 201915
- Chief financial officerErik L. Johnson Sep 25, 2020 to Sep 25, 202016
- Chief financial officerDavid R. Fletcher May 27, 2008 to May 27, 200817
- Chief operating officerDaniel J. Moos Apr 9, 2007 to Apr 9, 200715
Board members and other officers (9)
- EVP Tax and Gen'l CounselLouis J. Corna Feb 12, 2014 to Mar 30, 202118
- Vice PresidentRl S. Lemke Feb 25, 2011 to Feb 25, 201119
- EVP & Chief Acctg. OfficerGene S. Bertcher May 27, 2008 to May 27, 200820
- Ex VP Mg Dir Capital MarketsReagan K. Vidal Feb 8, 2007 to Feb 8, 200721
- Exec. V.P.-Multi-Family Const.James D. Canon Iii. Jul 14, 2006 to Jul 14, 200622
- EVPAlfred Crozier Dec 4, 2006 to Dec 4, 200623
- Board memberRl S. Lemke Feb 25, 2011 to Feb 25, 201119
- Board memberMartha C. Stephens Mar 1, 2011 to Mar 1, 201124
- General counselLouis J. Corna Aug 16, 2013 to Jun 21, 201825
Timeline
- Aug 6, 20268-K Results of operations26
- May 7, 20268-K Results of operations27
- Mar 12, 20268-K Results of operations28
- Dec 29, 20258-K Shareholder vote29
- Dec 12, 20258-K Shareholder vote30
- Nov 6, 20258-K Results of operations31
- Aug 7, 20258-K Results of operations32
- May 8, 20258-K Results of operations33
- Mar 20, 20258-K Results of operations34
- Dec 16, 20248-K Shareholder vote35
- Nov 7, 20248-K Results of operations36
- Aug 8, 20248-K Results of operations37
- Dec 13, 2016New chief executive Daniel J. Moos becomes CEO14
Calendar
Coming up
- Nov 5, 2026Reports results for the quarter ending Sep/202638
When it reported results
- Aug 6, 2026Reported quarterly or annual results26
- May 7, 2026Reported quarterly or annual results27
- Mar 12, 2026Reported quarterly or annual results28
- Nov 6, 2025Reported quarterly or annual results31
- Aug 7, 2025Reported quarterly or annual results32
- May 8, 2025Reported quarterly or annual results33
- Mar 20, 2025Reported quarterly or annual results34
- Nov 7, 2024Reported quarterly or annual results36
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
69 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 36 major events, 2 insider forms, 2 large holders, 9 other. The latest 20:
- Oct 14, 2026DEF 14A DEFINITIVE PROXY STATEMENT EDGAR
- Sep 11, 2026PRE 14A PRELIMINARY PROXY STATEMENT EDGAR
- Aug 6, 20268-K EDGAR
- Aug 6, 202610-Q EDGAR
- May 7, 20268-K EDGAR
- May 7, 202610-Q EDGAR
- Mar 12, 20268-K EDGAR
- Mar 12, 202610-K EDGAR
- Jan 21, 20264/A PRIMARY DOCUMENT EDGAR
- Jan 14, 20264 PRIMARY DOCUMENT EDGAR
- Dec 29, 20258-K/A EDGAR
- Dec 12, 20258-K EDGAR
- Nov 6, 202510-Q EDGAR
- Nov 6, 20258-K EDGAR
- Nov 3, 2025DEF 14A DEFINITIVE PROXY STATEMENT EDGAR
- Aug 7, 20258-K EDGAR
- Aug 7, 202510-Q EDGAR
- May 8, 20258-K EDGAR
- May 8, 202510-Q EDGAR
- Mar 20, 20258-K EDGAR
The 69 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jan 12, 2026 | AMERICAN REALTY INVESTORS INC10% owner | Buy | 70,023 | $55.50 | $3.9M | Form 4 |
| Jan 12, 2026 | AMERICAN REALTY INVESTORS INC10% owner | Buy | 70,023 | $55.50 | $3.9M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Clifton E. PhillipsSC 13D, 1 filing Aug 1, 202239
- Arcadian Energy, Inc.SC 13D/A, 1 filing May 5, 202240
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 46. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How TRANSCONTINENTAL REALTY INVESTORS INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARTRANSCONTINENTAL REALTY INVESTORS INC1
- CIK0000733590
- Employer ID (EIN)94-65658524
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inNevada4
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address1603 Lbj Freeway, Suite 800, Dallas, TX 752341
- Phone46952242001
- Shares outstanding8,773,965 as of Aug 6, 202611
- Public float$49.9M as of Jun 30, 20254
- AuditorFARMER, FUQUA & HUFF, PC, Richardson, Texas PCAOB ID 782; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceMar 2, 19941
- Filings617 in all: 8-K (178), 10-Q (99), 4 (66), SC 13D/A (57), DEF 14A (30), 10-K (24), 3 (16), 4/A (16)1
All 38 form types
10-Q/A (15), SC TO-T/A (13), 8-K/A (11), SC 13E3/A (11), UPLOAD (10), 10-K405 (8), ARS (8), CORRESP (8), PRE 14A (8), SC 13D (7), 10-K/A (3), NT 10-Q (3), SCHEDULE 13D/A (3), 10-K405/A (2), NT 10-K (2), S-4/A (2), S-8 (2), SC 13E3 (2), SC TO-T (2), 10-C (1), 424B3 (1), DEFR14A (1), S-3D (1), S-4 (1), S-4 POS (1), SC 13G (1), SC 13G/A (1), SC 14D9 (1), SC 14D9/A (1), SC TO-C (1)
- Latest filingsAnnual report (10-K) Mar 12, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Oct 14, 2026
Latest 8-K (8-K) Aug 6, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock | TCI | NYSE |
From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks TRANSCONTINENTAL REALTY INVESTORS INC names in Item 1A of its 10-K filed Mar 12, 2026: 19 risks under these headings, as written.4
- Our operating performance is subject to risks associated with the real estate industry.
- We may not be able to compete successfully with other entities that operate in our industry.
- Real estate investments are illiquid, and we may not be able to sell properties if and when it is appropriate to do so.
- Our business may be impacted as a result of any health emergency.
- A shift toward remote or hybrid work could reduce demand for office space and adversely affect our office portfolio and financial performance.
- We face risks associated with and have been the target of security breaches through cyber attacks, cyber intrusions or otherwise, as well as other significant disruptions of our information technology (IT) networks and related systems.
- Adverse events concerning our existing tenants or negative market conditions affecting our existing tenants could have an adverse impact on our ability to attract new tenants, release space, collect rent or renew leases, and thus could adversely affect cash flow from operations and inhibit growth.
- Our reliance on third-party management companies to operate certain of our properties may harm our business.
- Our property insurance coverage is limited, and any uninsured losses could cause us to lose part or all of our investment in our insured properties.
- We may experience increased operating costs which could adversely affect our financial results and the value of our properties.
- We face risks associated with property acquisitions.
- Many of our properties are concentrated in our primary markets and we may suffer economic harm as a result of adverse conditions in those markets.
The other 7 risks
- We are leveraged and may not be able to meet our debt service obligations.
- A significant portion of our debt is insured with HUD.
- An increase in interest rates would increase interest costs on variable rate debt and could adversely impact the ability to refinance existing debt.
- Unbudgeted capital expenditures or cost overruns could adversely affect business operations and cash flow.
- Properties may need to be sold from time to time for cash flow purposes.
- Ownership through partnerships and joint ventures could limit property performance.
- We could incur more debt.
Legal proceedings
We are defendants in litigation related to a property sale that was completed in 2008, which was tried to a jury in March 2023. On March 18, 2023, the jury in the case returned a “Plaintiff take nothing” verdict in our favor. The trial court granted the Plaintiffs a new trial, and we challenged that order by mandamus. On January 14, 2026, the Dallas Court of Appeals granted our petition and ordered the trial court to (1) vacate its new-trial order and (2) enter judgment in our favor on the jury’s verdict. We have tendered the proposed order and judgment and await their entry by the trial court.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARDaniel J. Moos, President
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- 19SEC EDGARRl S. Lemke, Vice President
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- 23SEC EDGARAlfred Crozier, EVP
- 24SEC EDGARMartha C. Stephens, Board member
- 25SEC EDGARLouis J. Corna, General counsel
- 26SEC EDGARResults of operations
- 27SEC EDGARResults of operations
- 28SEC EDGARResults of operations
- 29SEC EDGARShareholder vote
- 30SEC EDGARShareholder vote
- 31SEC EDGARResults of operations
- 32SEC EDGARResults of operations
- 33SEC EDGARResults of operations
- 34SEC EDGARResults of operations
- 35SEC EDGARShareholder vote
- 36SEC EDGARResults of operations
- 37SEC EDGARResults of operations
- 38NasdaqNasdaq calendar
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