Transcontinental Realty Q3 revenue up 10.6%, driven by higher commercial occupancy
Transcontinental Realty reported a 10.6% increase in Q3 revenue, reaching $12.8 million, attributed to higher commercial occupancy. However, net income fell to $0.7 million from $1.7 million in 2024. The company sold the Villas at Bon Secour to pay off an $18,767 loan. Despite the revenue growth, net income declined due to lower interest income and a higher tax provision. No specific future guidance was provided in the statement.
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Overview
- Transcontinental Realty Q3 revenue rises to $12.8 mln, driven by higher commercial occupancy
- Net income for Q3 falls to $0.7 mln, down from $1.7 mln in 2024
- Company sold Villas at Bon Secour, using proceeds to pay off $18,767 loan
Outlook
- Transcontinental Realty Investors did not provide specific future guidance in the statement
Result Drivers
- COMMERCIAL OCCUPANCY - Revenue increase driven by higher occupancy at Stanford Center
- NEW DEVELOPMENTS - Initial units from Alera, Bandera Ridge, and Merano received, starting lease-up process
- NET INCOME DECLINE - Decrease due to lower interest income and higher tax provision
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 $11.92
Rental mln
Revenues
Q3 Net $884,000
Income
Q3 -$1.40
Operatin mln
g Income
Q3 $7.55
Property mln
Operatin
g
Expenses
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)
