Transcontinental Realty Investors, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2020
Transcontinental Realty Investors, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2020. For the quarter, the company reported net income for the period was $4,771,000 against net loss of $5,426,000 reported last year. Diluted and basic net income per share from continuing operations was $0.55 against Diluted and basic net loss of $0.62 per share reported last year. Rental and other property revenues (including $221 and $113 for the three months ended 2020 and 2019, respectively, from related parties) were $11,918,000 compared to $11,929,000 a year ago. Net operating loss was $3,981,000 against $1,253,000 a year ago.