Transcontinental Realty Investors(US:TCI)2025-11-06 18:14Financial Performance - Net income attributable to the Company decreased to $0.7 million or $0.08 per diluted share for Q3 2025, down from $1.7 million or $0.20 per diluted share in Q3 2024[1][5] - Total revenues increased by $1.2 million to $12.8 million in Q3 2025, compared to $11.6 million in Q3 2024, driven by a $1.0 million increase from commercial properties[3] - Net operating loss decreased to $1.4 million in Q3 2025 from $1.7 million in Q3 2024, attributed to increased revenue offset by higher operating expenses[4] - Interest income decreased to $4.748 million in Q3 2025 from $5.917 million in Q3 2024[10] - General and administrative expenses increased to $1.594 million in Q3 2025 from $1.223 million in Q3 2024[10] - The company reported a total operating expense of $14.231 million in Q3 2025, up from $13.276 million in Q3 2024[10] - Earnings per share decreased to $0.08 in Q3 2025 from $0.20 in Q3 2024[10] Asset Management - The company sold Villas at Bon Secour, a 200-unit multifamily property, for $28 million, using proceeds to pay off an $18.767 million loan[7] - Gain on sale of assets was $755,000 in Q3 2025, contributing to overall financial performance[10] Occupancy Rates - Total occupancy was reported at 82% as of September 30, 2025, with multifamily properties at 94% and commercial properties at 58%[7]