Transcontinental Realty Q3 revenue up 10.6%, driven by higher commercial occupancy
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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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