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Company Contact | |
Address: | SUITE 800, 1603 LBJ FREEWAY DALLAS TX 75234 |
Tel: | N/A |
Website: | www.transconrealty-invest.com |
IR: | See website |
Key People | ||
Erik L. Johnson Chief Financial Officer, Executive Vice President | Louis J. Corna Executive Vice President, General Counsel/Tax Counsel, Secretary |
Business Overview |
Transcontinental Realty Investors, Inc. is a fully integrated, externally managed real estate company. The Company operates through two segments: the acquisition, development, ownership and management of multifamily properties, and the acquisition, development, ownership and management of commercial properties, which are primarily office properties. The services for its commercial segment include primarily rental of office space and other tenant services, including parking and storage space rental. The services for its multifamily segment include primarily rental of apartments and other tenant services, including parking and storage space rental. It holds a diverse portfolio of equity real estate located across the United States, including office buildings, apartments, shopping centers, and developed and undeveloped land. It invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate. It also holds mortgage receivables. |
Financial Overview |
For the fiscal year ended 31 December 2023, Transcontinental Realty Investors Inc revenues increased 36% to $49.9M. Net income decreased 99% to $5.9M. Revenues reflect Multifamily segment increase of 83% to $32.6M. Net income was offset by Commercial Properties segment income decrease of 43% to $4.3M. Basic Earnings per Share excluding Extraordinary Items decreased from $54.20 to $0.69. |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $421.49M as of Dec 31, 2023 |
Annual revenue (TTM): | $49.91M as of Dec 31, 2023 |
EBITDA (TTM): | $3.65M as of Dec 31, 2023 |
Net annual income (TTM): | $5.94M as of Dec 31, 2023 |
Free cash flow (TTM): | -$49.54M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $142.44M as of Dec 31, 2023 |
Shares outstanding: | 8,639,316 as of Mar 19, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |