Revenue rose to $12.9 million and stabilized occupancy reached 81%, but higher lease-up costs at development properties pushed the Dallas real estate investor from profit to loss.
Transcontinental Realty Investors reported a $1.1 million net loss attributable to common shares, or $0.13 per share, for the quarter ended June 30, 2026, compared with net income of $0.2 million, or $0.02 per share, a year earlier. Revenue increased to $12.9 million from $12.2 million as multifamily and commercial income rose, helped by lease-up (filling newly developed units) at Alera, Bandera Ridge and Merano and higher occupancy at Stanford Center. Total occupancy for stabilized properties (mature assets with steady leasing) was 81%, including 93% for multifamily properties and 58% for commercial properties, while the three development properties were 86%, 85% and 77% occupied, respectively. Net operating loss widened to $2.3 million from $0.8 million because operating expenses at lease-up properties rose $1.6 million, while lower interest income also weighed on results despite a smaller tax provision. The company also sold 21 additional lots in Windmill Farms for $1.0 million, generating a $0.8 million gain on sale. For the first six months, net loss attributable to the Company was $0.959 million, or $0.11 per share, compared with net income of $4.787 million, or $0.55 per share, in 2025.