TCI TRANSCONTINENTAL REALTY INVESTORS INC

Overview and Growth

TRANSCONTINENTAL REALTY INVESTORS INC generated $49.06M of revenue in fiscal 2025, with net income of $13.80M and an operating cash outflow of $2.89M. Revenue of $49.06M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 4.2% above fiscal 2024 revenue of $47.07M, marking a year-over-year increase. Diluted earnings per share were $1.60, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $0.68 in fiscal 2024, the current result was 135.3% higher. A diluted share base of 8.64M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Diluted shares moved 0.0% from 8.64M in fiscal 2024, leaving the current share base higher year over year. Total assets stood at $1.13B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.04x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The reported operating result was an operating loss of $6.34M, reflecting costs that exceeded gross profit. An operating margin of -12.9% reflected costs exceeding revenue-level gross profit by 12.9% of sales. The bottom-line result was net income of $13.80M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 28.1% of revenue, connecting the absolute net income figure with the company’s top-line scale. EBITDA was $6.29M, supplying an additional view of reported operating earnings before interest, taxes, depreciation, and amortization. The reported income-tax provision was $7.06M, the amount recognized between pretax income and the final net-income result. The relationship between net income and period-end equity was 1.6%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 1.2%, showing earnings relative to the full balance sheet. Against $5.86M in fiscal 2024, the current $13.80M bottom line finished above the prior-year result in absolute terms.

Liquidity and Capital Structure

The company held $1.13B of assets against $266.36M of liabilities and $866.16M of equity, revealing how the asset base was financed. The company held $14.07M in cash and equivalents, a narrower liquidity measure than total current assets. Total debt was $210.82M, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 0.24x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 18.6%, showing how much of the asset base was matched by borrowing. Book equity represented 76.5% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 23.5%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 1.2%, comparing reported cash and equivalents with the full positive asset balance. Compared with $1.07B in fiscal 2024, the current asset base moved 5.8% and finished higher. Reported equity changed 1.6% from $852.81M in fiscal 2024, placing the current capital base higher year over year. Compared with $19.91M in fiscal 2024, the current cash balance moved 29.3% and finished lower.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $2.89M, showing that operations absorbed cash during the period. The company shifted from generating $1.31M of operating cash in fiscal 2024 to absorbing $2.89M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.