Transcontinental Realty: Fourth Quarter Earnings Overview

Transcontinental Realty Investors Announces Fourth Quarter Results

Transcontinental Realty Investors Inc., headquartered in Dallas, revealed on Thursday that it earned $8.3 million during the fourth quarter.

The company’s earnings translated to 97 cents per share. After accounting for asset impairment gains, the adjusted loss was 13 cents per share.

During this quarter, the real estate investment firm generated $12.1 million in revenue.

Looking at the full year, Transcontinental Realty Investors reported a net income of $13.8 million, or $1.60 per share, with total revenue reaching $49.1 million.