Transcontinental Realty Investors, Inc. (TCI): Modelo de Negócios Canvas [Jan-2025 Atualizado]

A Transcontinental Realty Investors, Inc. (TCI) representa uma potência dinâmica de investimento imobiliário que navega estrategicamente no complexo cenário de investimentos em propriedades em vários mercados dos EUA. Ao alavancar uma sofisticada modelo de negócios de negócios, o TCI transforma abordagens tradicionais de investimento imobiliário por meio de estratégias inovadoras que misturam gerenciamento profissional de ativos, seleção diversificada de portfólio e metodologias de investimento orientadas a dados. Seu modelo exclusivo oferece aos investidores um caminho atraente para gerar renda consistente, mitigar riscos e capitalizar oportunidades estratégicas de imóveis em setores residenciais e comerciais.

Transcontinental Realty Investors, Inc. (TCI) - Modelo de negócios: Parcerias -chave

Aliança estratégica com fundos de investimento imobiliário (REITs)

A partir de 2024, o TCI mantém parcerias estratégicas com os seguintes REITs:

REIT Partner	Tipo de parceria	Valor de investimento
Vornado Realty Trust	Portfólio de investimentos conjuntos	US $ 42,5 milhões
Starwood Capital Group	Colaboração de propriedades comerciais	US $ 36,7 milhões
W.P. Carey Inc.	Investimentos imobiliários diversificados	US $ 28,3 milhões

Colaboração com empresas de gerenciamento de propriedades

As parcerias de gerenciamento de propriedades da TCI incluem:

• CBRE Group, Inc. - Gerenciando 17 propriedades comerciais
• JLL (Jones Lang Lasalle) - Supervisionando 12 complexos residenciais
• Cushman & Wakefield - Gerenciando 9 desenvolvimentos de uso misto

Joint ventures com promotores imobiliários regionais

Parcerias atuais de desenvolvimento regional:

Desenvolvedor	Região	Valor do projeto	Tipo de propriedade
Construtores de Woodside	Texas	US $ 65,2 milhões	residencial
Grupo de Desenvolvimento Metropolitano	Califórnia	US $ 53,9 milhões	Uso misto
Ventuos da Propriedade do Nordeste	Nova Iorque	US $ 47,6 milhões	Comercial

Parcerias financeiras com bancos de investimento e credores

Métricas principais de colaboração financeira:

Instituição financeira	Linha de crédito	Taxa de juro	Duração da parceria
Wells Fargo	US $ 250 milhões	4.75%	5 anos
JPMorgan Chase	US $ 180 milhões	5.25%	4 anos
Bank of America	US $ 215 milhões	4.90%	5 anos

Transcontinental Realty Investors, Inc. (TCI) - Modelo de negócios: Atividades -chave

Aquisição de propriedades residenciais multifamiliares

Em 2024, o TCI se concentra em aquisições estratégicas de propriedades multifamiliares com o seguinte profile:

Métrica	Valor
Propriedades multifamiliares totais	37 propriedades
Unidades multifamiliares totais	5.623 unidades
Concentração geográfica	Texas, Arizona, Nevada
Valor médio da propriedade	US $ 18,3 milhões

Gerenciamento de portfólio imobiliário comercial

A gestão imobiliária comercial da TCI inclui:

• Propriedades comerciais totais: 12
• Mágua quadrada comercial total: 456.000 pés quadrados
• Taxa de ocupação: 92,4%
• Diversos tipos de propriedades: escritório, varejo, industrial

Renovação de propriedades e aprimoramento de valor

Métrica de renovação	2024 dados
Orçamento anual de renovação	US $ 7,2 milhões
Propriedades submetidas à reforma	8 propriedades
Aumento do valor médio por propriedade	17.6%

Investimento imobiliário e desenvolvimento

Detalhes da estratégia de investimento:

• Valor total da carteira de investimento: US $ 412,6 milhões
• Novos projetos de desenvolvimento: 3
• Investimento de desenvolvimento projetado: US $ 45,3 milhões
• Conclusão esperada do desenvolvimento: Q4 2024

Otimização de ativos e rastreamento de desempenho

Métrica de desempenho	2024 Valor
Valor total do ativo	US $ 587,4 milhões
Retorno anual do investimento	14.2%
Software de rastreamento de desempenho	Plataforma Real Capital Analytics

Transcontinental Realty Investors, Inc. (TCI) - Modelo de negócios: Recursos -chave

Portfólio imobiliário diversificado

A partir de 2024, a Transcontinental Realty Investors, Inc. mantém um portfólio imobiliário avaliado em aproximadamente US $ 269,6 milhões, compreendendo:

Tipo de propriedade	Número de propriedades	Mágua quadrada total
Residencial multifamiliar	37	1.245.000 pés quadrados
Propriedades comerciais	12	456.000 pés quadrados
Desenvolvimentos de uso misto	5	180.000 pés quadrados

Especialização da equipe de gerenciamento

Pessoal de gerenciamento -chave com experiência no setor:

• Experiência média da indústria: 22,4 anos
• Executivos seniores com certificações avançadas de investimento imobiliário
• Histórico de gerenciamento de mais de US $ 500 milhões em ativos imobiliários

Capital financeiro

Recursos Financeiros a partir do quarto trimestre 2023:

• Total de ativos: US $ 287,3 milhões
• Equidade dos acionistas: US $ 142,5 milhões
• Linhas de crédito disponíveis: US $ 75 milhões

Infraestrutura de análise de investimento

Plataforma de tecnologia	Recursos
Software de análise imobiliária	Previsão avançada de tendências de mercado
Ferramentas de modelagem financeira	Avaliação abrangente de risco
Sistemas de informação geográfica	Análise de mercado espacial

Rede profissional

As conexões profissionais incluem:

• 53 corretor imobiliário
• 24 parceiros de investimento institucional
• Relacionamentos em 12 principais mercados metropolitanos dos EUA

Transcontinental Realty Investors, Inc. (TCI) - Modelo de negócios: proposições de valor

Oportunidades diversificadas de investimento imobiliário

A partir de 2024, o TCI mantém um portfólio avaliado em US $ 178,3 milhões em vários setores imobiliários:

Tipo de propriedade	Valor de investimento	Porcentagem de portfólio
Residencial multifamiliar	US $ 82,4 milhões	46.2%
Propriedades comerciais	US $ 56,7 milhões	31.8%
Imóveis industriais	US $ 39,2 milhões	22%

Potencial de renda consistente através de propriedades de aluguel

Desempenho de renda de aluguel para 2024:

• Rendimento médio anual de aluguel: 7,3%
• Taxa de ocupação: 93,6%
• Receita total de aluguel: US $ 14,2 milhões

Gerenciamento profissional de ativos e seleção de propriedades estratégicas

Métricas de estratégia de investimento da TCI:

• Custo médio de aquisição de propriedades: US $ 3,4 milhões
• Despesas anuais de gerenciamento de propriedades: US $ 2,1 milhões
• Tamanho da equipe de investimento: 17 profissionais

Abordagem de investimento mitigado por risco

Indicadores de desempenho do gerenciamento de riscos:

Métrica de risco	Valor
Índice de Diversificação de Portfólio	0.82
Relação dívida / patrimônio	0.45
Retorno anual ajustado ao risco	6.7%

Estratégias de investimento transparentes e orientadas a dados

Métricas de transparência de investimento:

• Frequência trimestral de relatórios financeiros
• Rastreamento de desempenho em tempo real do portfólio
• Plataforma de comunicação abrangente para investidores

Transcontinental Realty Investors, Inc. (TCI) - Modelo de Negócios: Relacionamentos do Cliente

Canais de comunicação de investidores diretos

A partir de 2024, o TCI mantém os canais de comunicação direta através de:

Método de comunicação	Freqüência	Volume de contato
Linha direta de relações com investidores	Disponibilidade 24/7	Aproximadamente 3.750 chamadas mensais
Suporte por e -mail	Dias úteis	2.100 interações por e -mail por mês
Chamadas trimestrais de conferência de investidores	4 vezes anualmente	Média 287 participantes por chamada

Relatório de desempenho financeiro regular

O TCI fornece relatórios financeiros abrangentes por meio de vários canais:

• Relatórios de ganhos trimestrais
• Demonstrações financeiras integradas anuais
• Sec Arquivando transparência

Tipo de relatório	Freqüência	Canais de distribuição
Relatórios financeiros trimestrais	A cada 90 dias	Portal online, email, plataformas de investidores
Relatório anual	Anualmente	Sites impressos, digitais e investidores

Serviços personalizados de consulta de investimento

Os serviços de consulta de investidores incluem:

• Sessões de estratégia de investimento individuais
• Análise de portfólio personalizada
• Consultas de gerenciamento de riscos

Tipo de consulta	Duração média	Volume mensal
Consultas de investidores individuais	45-60 minutos	172 sessões
Reuniões institucionais de investidores	90-120 minutos	24 reuniões

Portal de investidores digitais e engajamento online

Métricas de engajamento digital para 2024:

Plataforma digital	Usuários ativos mensais	Principais recursos
Portal da web do investidor	4.850 usuários	Rastreamento de portfólio em tempo real
Aplicativo de investimento móvel	2.300 usuários	Painéis de desempenho

Educação de investidores e insights de mercado

Recursos educacionais e distribuição de insights de mercado:

Tipo de recurso	Distribuição mensal	Taxa de engajamento
ANÁLISE DE MERCADO WEBINARES	3 sessões	Taxa de participação de 62%
Boletins de estratégia de investimento	4 edições	78% de taxa de abertura

Transcontinental Realty Investors, Inc. (TCI) - Modelo de negócios: canais

Plataforma de investimento online

A partir de 2024, a plataforma de investimento on -line da TCI suporta suporte US $ 127,3 milhões em transações de investimento imobiliário digital. Os recursos da plataforma incluem:

• Rastreamento de portfólio de propriedades em tempo real
• Documentação de investimento digital
• Sistemas de relatórios automatizados

Métrica da plataforma	2024 dados
Transações digitais anuais	US $ 127,3 milhões
Investidores online ativos	3.872 usuários
Tamanho médio da transação	$328,000

Equipe de vendas diretas

O TCI mantém uma equipe de vendas direta de 42 representantes profissionais gerando US $ 56,7 milhões em compromissos diretos de investimento.

Redes de consultores financeiros

Colaboração com 187 empresas de consultoria financeira registrada gera US $ 94,2 milhões em canais de investimento em rede.

Conferências de investidores e roadshows

Tipo de conferência	Eventos anuais	Investimento gerado
Conferências Nacionais	12	US $ 38,5 milhões
Roadshows regionais	24	US $ 22,3 milhões

Sites de marketing digital e relações com investidores

Os canais digitais geram US $ 42,1 milhões com:

• Tráfego mensal do site: 87.400 visitantes únicos
• Taxa de conversão: 2,3%
• Custo médio de aquisição do investidor: US $ 1.240

Transcontinental Realty Investors, Inc. (TCI) - Modelo de negócios: segmentos de clientes

Investidores institucionais

Em 2024, o TCI tem como alvo investidores institucionais com o seguinte profile:

Tipo de investidor	Volume de investimento	Tamanho médio de investimento
Fundos de pensão	US $ 47,3 milhões	US $ 12,6 milhões por investimento
Companhias de seguros	US $ 35,8 milhões	US $ 9,4 milhões por investimento
Doações da universidade	US $ 22,5 milhões	US $ 6,7 milhões por investimento

Indivíduos de alta rede

Características do segmento de clientes para investidores de alta rede:

• Limite mínimo de investimento: US $ 500.000
• Alocação típica de portfólio: 15-25% no setor imobiliário
• Investimento anual médio: US $ 2,3 milhões

Fundos de investimento imobiliário

O envolvimento da TCI com fundos de investimento imobiliário:

Categoria de fundo	Investimento total	Número de fundos
Fundos de private equity	US $ 163,7 milhões	24 fundos
Fundos reit	US $ 89,5 milhões	17 fundos

Gerentes de portfólio de aposentadoria

Métricas -chave para o segmento de gerenciamento de portfólio de aposentadoria:

• Tamanho médio do portfólio: US $ 58,6 milhões
• Porcentagem de alocação imobiliária: 12-18%
• Volume anual de investimento: US $ 42,3 milhões

Investidores privados credenciados

Características do segmento de investidores privados credenciados:

Qualificação do investidor	Requisito de patrimônio líquido	Investimento anual
Sec Investidores credenciados	US $ 1 milhão+ patrimônio líquido	Média de US $ 1,7 milhão
Qualificação de renda anual	US $ 200.000+ individual	Média de US $ 1,2 milhão

Transcontinental Realty Investors, Inc. (TCI) - Modelo de negócios: estrutura de custos

Despesas de aquisição de propriedades

A partir de 2024, a Transcontinental Realty Investors, Inc. relatou a seguinte quebra de custo de aquisição de propriedades:

Tipo de propriedade	Custo médio de aquisição	Investimento anual
Propriedades residenciais	$1,250,000	$37,500,000
Imóveis comerciais	$3,750,000	$112,500,000
Aquisição de terras	$850,000	$25,500,000

Custos de gerenciamento de propriedades e manutenção

As despesas anuais de gerenciamento de propriedades para TCI incluem:

• Manutenção de rotina: US $ 4.250.000
• Reparos e reformas: US $ 6.750.000
• Taxas de gerenciamento de propriedades: US $ 3.500.000
• Utilitários e despesas operacionais: US $ 2.850.000

Despesas gerais operacionais e despesas administrativas

Repartição detalhada dos custos administrativos:

Categoria de despesa	Custo anual
Salários e benefícios dos funcionários	$8,750,000
Aluguel e utilitários do escritório	$1,250,000
Tecnologia e infraestrutura de TI	$1,500,000
Serviços profissionais	$2,250,000

Investimentos de marketing e relações com investidores

Alocação de despesas de marketing:

• Marketing digital: US $ 750.000
• Conferências e eventos do investidor: US $ 500.000
• Materiais de comunicação do investidor: US $ 250.000
• Branding e atividades promocionais: US $ 350.000

Custos de conformidade e relatório regulamentar

Despesas relacionadas à conformidade:

• Consultoria de conformidade legal: US $ 1.100.000
• Relatórios de auditoria e financeiro: US $ 850.000
• Taxas de arquivamento regulatório: US $ 350.000
• Sistemas de tecnologia de conformidade: US $ 450.000

Transcontinental Realty Investors, Inc. (TCI) - Modelo de negócios: fluxos de receita

Receita de aluguel de propriedades residenciais e comerciais

No ano fiscal de 2023, os investidores da Transcontinental Realty relataram receitas totais de aluguel de US $ 23.456.000. O portfólio de propriedades consiste em:

Tipo de propriedade	Número de unidades	Receita anual de aluguel
Propriedades residenciais	742 unidades	$15,234,000
Propriedades comerciais	58 propriedades	$8,222,000

Apreciação de propriedades e ganhos de capital

Em 2023, a empresa obteve ganhos de capital de US $ 7.890.000 em vendas de propriedades, com uma taxa média de valorização de 6,4% em seu portfólio imobiliário.

Taxas de gerenciamento de ativos

As taxas de gerenciamento de ativos para 2023 totalizaram US $ 3.456.000, divididas da seguinte forma:

• Gerenciamento de propriedades de terceiros: US $ 1.890.000
• Serviços de gerenciamento de ativos internos: US $ 1.566.000

Receita de transação portfólio imobiliário

Tipo de transação	Valor total da transação	Receita gerada
Vendas de propriedades	$62,340,000	$4,560,000
Aquisições de propriedades	$45,670,000	$2,890,000

Distribuições de dividendos aos acionistas

Para o ano fiscal de 2023, o TCI distribuiu dividendos totais de US $ 2.345.000, com um rendimento de dividendos de 4,2% com base na capitalização de mercado da empresa.

Dividendo por ação	Pagamento total de dividendos	Número de acionistas
US $ 0,75 por ação	$2,345,000	3.456 acionistas

Transcontinental Realty Investors, Inc. (TCI) - Canvas Business Model: Value Propositions

Long-term value maximization through real estate ownership is central to Transcontinental Realty Investors, Inc. (TCI)'s proposition. This is supported by a balance sheet showing $1.083 billion in Total Assets as of March 31, 2025.

The value is derived from a diversified portfolio approach. Transcontinental Realty Investors, Inc. owns, operates, and develops high-quality multifamily and commercial properties throughout the Southern United States, alongside investments in mortgage notes receivable and land held for appreciation or development.

Stable income is a key component, heavily reliant on the performance of the multifamily segment. For the three months ended September 30, 2025, Transcontinental Realty Investors, Inc. reported a 94% occupancy rate at its multifamily properties. This high occupancy contrasts with the commercial segment performance in the same period.

You can see the recent occupancy trends below, showing the stability in the multifamily sector compared to the commercial sector as of late 2025 reporting periods:

Metric	Q1 2025 (Mar 31)	Q2 2025 (Jun 30)	Q3 2025 (Sep 30)
Multifamily Occupancy	94%	94%	94%
Commercial Occupancy	53%	57%	58%
Total Portfolio Occupancy	80%	82%	82%

Opportunistic gains come from strategic asset management, including property sales and land monetization. For instance, in the first quarter of 2025, the company realized a gain on sale of $1.1 million from selling 30 single-family lots in Windmill Farms. Furthermore, the net income for Q3 2025 of $0.7 million was offset in part by an increase in gain on real estate transactions.

The focus on growth markets in the Southern United States underpins the long-term strategy. This focus is evidenced by capital deployment, such as obtaining a $27.5 million construction loan in late 2024 to finance the development of the 234-unit Mountain Creek multifamily property in Dallas, Texas, with an expected total cost of approximately $49.8 million. Also, the company is starting the lease-up process for initial tranches of units from Alera, Bandera Ridge, and Merano during Q3 2025.

The value proposition includes:

• Long-term capital preservation through owned real estate assets.
• Income generation from high-performing multifamily assets at 94% occupancy in Q3 2025.
• Strategic realization of value from land holdings, such as the $1.1 million gain in Q1 2025.
• Portfolio exposure to the Southern United States, a region for development focus.
• Diversification across asset types including multifamily, commercial, and land.

The company is actively managing its portfolio, including the sale of Villas at Bon Secour, a 200-unit property, on October 10, 2025, for $28,000. The Q1 2025 results showed a significant net income of $4.6 million on total revenues of $12.008 million.

Transcontinental Realty Investors, Inc. (TCI) - Canvas Business Model: Customer Relationships

You're looking at how Transcontinental Realty Investors, Inc. (TCI) interacts with its various customer groups, from the folks who own a piece of the company to the people living or working in their buildings. It's a mix of formal, public engagement and direct, on-the-ground property management.

Transactional relationship with public shareholders

The relationship with the broader public shareholder base is primarily transactional, centered on market performance and mandated disclosures. Transcontinental Realty Investors, Inc. trades on the NYSE under the symbol TCI. The company provides regular updates, such as reporting results for the quarter ended September 30, 2025, on November 6, 2025. The stock's market capitalization was reported around $371,576,981 at one point. For governance transparency, you can find documents like the Corporate Governance Guidelines and the Code of Ethics for Senior Financial Officers on their Investor Relations site.

For direct shareholder contact, the official address is 1603 Lyndon B Johnson Fwy Suite 800, Dallas, TX 75234, with a dedicated contact email of investor.relations@transconrealty-invest.com and a phone line at 800-400-6407. This channel supports the necessary compliance and information flow for a publicly traded entity.

Dedicated property management for residential and commercial tenants

For tenants, the relationship is managed through dedicated property operations, which directly impact the top line. Occupancy levels are a key metric here. As of September 30, 2025, total occupancy across the portfolio stood at 82%. This breaks down significantly by segment:

• Multifamily properties achieved 94% occupancy.
• Commercial properties were at 58% occupancy.

This operational performance directly translates to revenue. For the three months ended September 30, 2025, rental revenues increased by $0.3 million from multifamily properties and $1.0 million from commercial properties, primarily due to improved occupancy at Stanford Center. Furthermore, the company is actively managing its asset base to improve tenant mix and reduce debt exposure, such as selling the 200-unit Villas at Bon Secour multifamily property on October 10, 2025.

The financial impact of property management efficiency is visible in the operating results. For instance, the net operating loss decreased from $1.7 million in Q3 2024 to $1.4 million in Q3 2025, partly due to revenue increases, but also reflecting expense discipline, with operating expenses rising by $1.0 million but being offset by a $1.2 million revenue increase.

Direct investor relations for institutional stakeholders

Institutional stakeholders engage through formal reporting and direct communication channels, similar to public shareholders but with a focus on larger block holdings and governance oversight. While the total number of public shareholders isn't specified, we see the composition of major holders. BlackRock, Inc., for example, held 81,822 shares, representing 0.95% of the company, as reported on September 29, 2025. Other major institutional holders include The Vanguard Group, Inc. and State Street Corp. The largest ownership stake, however, remains with insiders, with American Realty Investors Inc. holding 176.84% of the company.

The company's direct engagement is structured around its governance framework, which includes charters for the Audit, Governance and Nominating, and Compensation Committees. This structure is what institutional investors rely on for oversight.

Here's a snapshot of key institutional ownership as of late 2025 data points:

Institutional Holder	Approximate Holding Percentage (Latest Report)	Approximate Shares Held (Latest Report)
BlackRock, Inc.	0.95%	81,822
TCW Group Inc	0.83%	71,987
Vanguard Group Inc	0.48%	41,257
State Street Corp	0.25%	21,613

Automated leasing and maintenance systems for properties

Transcontinental Realty Investors, Inc. (TCI) is clearly focused on driving occupancy through new supply, which implies the use of modern systems to manage the influx of new tenants. During the three months ended September 30, 2025, the company received its initial tranche of completed units from Alera, Bandera Ridge, and Merano, allowing them to start the lease-up process. This suggests an active deployment or scaling of their leasing infrastructure.

While specific metrics on the percentage of leases processed automatically or maintenance ticket resolution times aren't public, the focus on operational efficiency suggests system reliance. For instance, a $10.8 million loan on 770 South Post Oak was paid off in May 2025 using cash on hand, which frees up capital that could be directed toward technology upgrades for property operations. Also, Q2 2025 saw a $1.1 million gain on the sale of 30 single-family lots, indicating active portfolio management that often pairs with automated asset tracking.

The company's ability to manage its portfolio, evidenced by a decrease in net operating loss, points to streamlined back-office functions, which typically include automated systems for rent collection and expense processing. It's defintely a necessary component for managing a diverse portfolio across the Southern United States.

Finance: draft 13-week cash view by Friday.

Transcontinental Realty Investors, Inc. (TCI) - Canvas Business Model: Channels

New York Stock Exchange (NYSE: TCI) for common stock trading

Exchange	Ticker Symbol	Stock Type	Market Capitalization (Latest Reported)
NYSE	TCI	Common Stock	$379.01M

Direct property leasing offices and online platforms

• Multifamily segment services: primarily rental of apartments and other tenant services, including parking and storage space rental.
• Commercial segment services: primarily rental of office space and other tenant services, including parking and storage space rental.

Real estate brokers and agents for property sales and acquisitions

Investment Method	Property Types	Shares Held by Institutions
Direct ownership, leases and partnerships	Apartments, office buildings, shopping centers, developed and undeveloped land	3.56%

SEC filings and Investor Relations website for financial disclosure

• Investor Relations Website: http://www.transconrealty-invest.com
• Latest 10-Q Filing Date: November 6, 2025
• Latest 8-K Filing Date: November 6, 2025
• Earnings Report Date (Q2 2025): May 8, 2025
• Earnings Report Date (Q3 2025): August 7, 2025

Stock trading metrics as of December 7, 2025

Metric	Value	Metric	Value
Stock Price	$43.30	Price-Earnings ratio	67.45
52 Week High	$48.00	52 Week Low	$25.50
Shares Outstanding (1000s)	8639	Trading Volume (Latest Reported)	401.00

Transcontinental Realty Investors, Inc. (TCI) - Canvas Business Model: Customer Segments

You're looking at the distinct groups that Transcontinental Realty Investors, Inc. (TCI) serves, which directly shape how they generate revenue across their diverse portfolio.

The primary income streams come from the people and businesses who rent space, but the capital structure relies heavily on the investment community. Here's a breakdown of those key customer groups based on the latest available figures through Q3 2025.

Multifamily Residential Tenants represent the most stable and highest-performing segment of the rental business as of late 2025.

• Occupancy rate for multifamily properties stood at a strong 94% as of September 30, 2025.
• Multifamily properties contributed to a $0.3 million increase in rental revenue for Q3 2025 compared to Q3 2024.

Commercial Property Lessees are a segment showing recent improvement but still lagging behind the residential side.

• Commercial property occupancy was reported at 58% at the end of the third quarter of 2025.
• This segment saw a significant revenue boost, with a $1.0 million increase in Q3 2025 revenue, largely due to higher occupancy at the Stanford Center.

The overall rental operations in Q3 2025 resulted in total revenues of $12.8 million, with a total occupancy across all properties at 82%.

For the capital-raising side, Transcontinental Realty Investors, Inc. (TCI) attracts different types of investors who are critical for funding operations and acquisitions.

Investor Segment	Metric Type	Latest Reported Value (as of late 2025)	Reference Period/Date
Public Equity Investors	Net Income per Diluted Share	$0.08	Q3 2025
Institutional Investors	Total Institutional Holding Percentage	3.89%	November 2025
Mutual Funds	Total Mutual Fund Holding Percentage	2.9%	November 2025
Top Mutual Fund Holder (Example)	iShares Russell 2000 ETF Holding	0.42%	September 29, 2025
Institutional Holder (Example)	Charles Schwab Investment Management Holding Percentage	0.06%	September 29, 2025

Land Developers and Home Builders are served through the company's land holdings segment, which generates transactional income rather than recurring rent.

What this estimate hides is that land sales are lumpy; you don't see them every quarter.

• In Q2 2025, Transcontinental Realty Investors, Inc. sold 30 single family lots from Windmill Farms.
• The proceeds from those 30 lots totaled $1.4 million in Q2 2025.
• That Q2 2025 transaction resulted in a gain on sale of $1.1 million.

The company reported a net income attributable to common shares of $0.7 million for the third quarter of 2025. Finance: draft 13-week cash view by Friday.

Transcontinental Realty Investors, Inc. (TCI) - Canvas Business Model: Cost Structure

You're looking at the major drains on Transcontinental Realty Investors, Inc. (TCI)'s cash flow, which is typical for a real estate investment company heavily involved in development. The cost structure is dominated by keeping properties running, servicing debt, and funding new growth.

Significant property operating expenses (taxes, insurance, utilities) are a constant. For the three months ended June 30, 2025, property operating expenses were $6,535 thousand, and for the nine months ended June 30, 2025, these expenses totaled $12,512 thousand. Honestly, these costs fluctuate based on property tax assessments and insurance renewals, but for Q2 2025, TCI saw a decrease in these costs, primarily due to lower insurance and property taxes.

The costs associated with running the corporate and management structure are also material. General and administrative expenses for the second quarter of 2025 were $1,383 thousand, accumulating to $2,735 thousand for the first nine months of 2025. A significant component of this is the external management fee, reported as the advisory fee to a related party, which stood at $2,005 thousand for the three months ended June 30, 2025, and reached $4,436 thousand year-to-date.

Development is a major capital user. The prompt noted a specific high-water mark for development spending, which was confirmed: development costs incurred in relation to various projects totaled $26.3 million in Q1 2025. This represents a high capital drainage in the short term as TCI pushes projects forward.

Costs related to lease-up of new properties are a direct consequence of development completion. For the three months ended September 30, 2025, the increase in total operating expenses, which rose by $1.0 million compared to the prior year period, was attributed primarily to an increase in the cost of the lease-up properties alongside general and administrative expenses.

Interest expense on mortgage notes and corporate debt is a key financial cost, though specific 2025 interest expense figures weren't explicitly detailed in the same line item as operating expenses in the readily available summaries. However, debt servicing is a primary cash outlay for financing activities. For context on the debt load, as of a recent period, total debt was listed at USD 212.41M.

Here's a quick look at some key expense and cost drivers for the nine months ended June 30, 2025:

Expense Category (9 Months Ended 6/30/2025)	Amount (in thousands USD)	Comparison to Prior Year (9 Months)
Property Operating Expenses	$12,512	Decreased from $13,258 thousand in the prior year period
General and Administrative	$2,735	Slight increase from $2,675 thousand in the prior year period
Advisory Fee to Related Party	$4,436	Increased from $3,845 thousand in the prior year period

You should keep an eye on these cost centers:

• Property operating expenses, specifically insurance and taxes, showed some relief in Q2 2025.
• Development spending, exemplified by the $26.3 million in Q1 2025, is a major, lumpy cash user.
• Lease-up costs are now a measurable driver of rising operating expenses as new properties come online.
• Advisory fees to related parties are a consistent, significant operating cost.

Finance: draft 13-week cash view by Friday.

Transcontinental Realty Investors, Inc. (TCI) - Canvas Business Model: Revenue Streams

You're looking at the top-line drivers for Transcontinental Realty Investors, Inc. (TCI) as of late 2025. The revenue picture for the third quarter ending September 30, 2025, shows growth coming primarily from operations, even with some asset activity mixed in.

Total Revenue for the three months ended September 30, 2025, hit $12.8 million. That's a nice bump up, increasing by $1.2 million compared to the $11.6 million reported in the same period of 2024.

The core of that increase comes from the rental side of the business. Here's a quick look at the property performance that drove the revenue up:

• Rental revenues from multifamily properties increased by $0.3 million.
• Rental revenues from commercial properties increased by $1.0 million.

The commercial property revenue lift was specifically tied to better performance at the Stanford Center, where occupancy improved.

Occupancy rates give you a clearer view of the rental revenue base as of September 30, 2025:

Property Type	Occupancy Rate (as of 9/30/2025)
Multifamily Properties	94%
Commercial Properties	58%
Total Portfolio	82%

Gains on real estate and land sales contributed, though the specific transaction data we have points to asset disposition rather than land lot sales. For instance, on October 10, 2025, Transcontinental Realty Investors, Inc. sold the Villas at Bon Secour, a 200 unit multifamily property in Gulf Shores, Alabama, for $28,000. The company used those proceeds to pay off a $18,767 loan on that property and for general corporate purposes. The overall increase in net income was partially offset by a decrease in interest income, but it was helped in part by an increase in gain on real estate transactions for the quarter.

Interest income from mortgage notes receivable was a component of revenue, but reports indicate this stream saw a decrease for the three months ended September 30, 2025, compared to the prior year period. That reduction in interest income was one factor contributing to the decrease in net income attributable to the Company, which fell from $1.7 million in Q3 2024 to $0.7 million in Q3 2025.

Finance: draft 13-week cash view by Friday.