Transcontinental Realty Investors (TCI) investor relations material

Executive summary

• Report covers the quarter ended March 31, 2026, with 8,639,316 shares outstanding.

• Net income attributable to common shares was $0.2 million ($0.02 per share) for Q1 2026, down from $4.6 million ($0.53 per share) in Q1 2025.

• Revenues increased to $12.3 million in Q1 2026 from $12.0 million in Q1 2025, driven by higher commercial property occupancy.

• Portfolio includes 13 multifamily properties (2,128 units), 3 in lease-up (672 units), 1 under development (234 units), 4 office buildings, and 1,786 acres of land.

• Operations are externally managed by Pillar Income Asset Management; no direct employees.

Financial highlights

• Total revenue was $12.3 million, up from $12.0 million year-over-year.

• Net income attributable to the company was $168,000, down from $4.6 million year-over-year.

• Earnings per share were $0.02, compared to $0.53 in the prior year quarter.

• Funds from Operations (FFO) was $4.0 million, down from $6.8 million year-over-year.

• Cash, cash equivalents, and restricted cash totaled $22.9 million at quarter end.

Outlook and guidance

• Three multifamily properties completed in 2025 are in lease-up and expected to stabilize in 2026.

• Construction of Mountain Creek (234 units) in Dallas is ongoing, with completion expected in 2027.

• Management anticipates sufficient liquidity from operations, receivables, and investments to meet requirements.

• Revenue growth is expected to be supported by improved commercial property occupancy.

• Lease-up properties are anticipated to continue impacting operating expenses.