Transcontinental Realty Investors
Owns and develops multifamily, commercial, and land assets across southern U.S. markets.
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Profile
Owns, develops, and leases multifamily and commercial real estate, with land held for development or appreciation and mortgage notes receivable alongside the property portfolio. Operations are externally managed by Pillar, with no direct employees and concentrated related-party control.
Acquires, develops, owns, and manages income-producing residential and commercial real estate, with land held for development or appreciation and mortgage notes receivable around the portfolio. Reportable segments are Residential, focused on multifamily properties, and Commercial, focused mainly on office properties.
Portfolio activity is concentrated in the southern United States, where the company leases apartments and commercial space, develops multifamily assets, and sells land or income-producing properties when appropriate. Recent context shows multifamily occupancy stronger than commercial occupancy, with several multifamily properties still in lease-up.
Day-to-day operations are handled by Pillar Income Asset Management, and property management uses outside managers plus related-party managers for some commercial assets. The structure leaves the business dependent on external management, related-party arrangements, property leasing, development execution, and concentrated ownership.
Company facts
Key statistics
Year to date −38.6% · Average volume (30d) 76.7K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | — | −$0.13 | — | — | $12.9M | — | −1.50% |
| May 7, 2026Q1 FY26 | — | $0.02 | — | — | $12.3M | — | −2.65% |
| Mar 12, 2026Q4 FY25 | — | −$0.13 | — | — | $13.6M | — | +9.80% |
| Nov 6, 2025Q3 FY25 | — | $0.08 | — | — | $11.9M | — | −0.32% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $12.0M | $11.5M | $11.9M | $13.6M | $12.3M | $12.9M | |
| Gross profit | $6.0M | $5.0M | $4.4M | −$28.5M | −$4.3M | −$4.7M | |
| Operating income | −$635.0K | −$825.0K | −$1.4M | −$3.5M | −$2.0M | −$2.3M | |
| Net income | $4.6M | $169.0K | $724.0K | $8.3M | $168.0K | −$1.1M | |
| Diluted EPS | $0.53 | $0.02 | $0.08 | $0.96 | $0.02 | −$0.13 | |
| Gross margin | 50.2% | 43.2% | 36.7% | -209.0% | -34.6% | -36.5% | |
| Operating margin | -5.3% | -7.2% | -11.7% | -25.6% | -15.9% | -18.2% |
Fiscal years (4-quarter sums)FY21 $37.8M · FY22 $35.1M · FY23 $47.0M · FY24 $45.4M · FY25 $49.1M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $84.1M · Total debt $214.5M · Total assets $1.13B · Shareholders' equity $846.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 8.64M · Float 1.10M · 12.8% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| American Realty Investors Inc | 6.84M | 79.20% | 13D | Jan 21, 2026 |
| BlackRock, Inc. | 77.1K | 0.89% | 13F | May 13, 2026 |
| TCW Group Inc | 68.2K | 0.79% | 13F | May 14, 2026 |
| Geode Capital Management, LLC | 33.6K | 0.39% | 13F | May 15, 2026 |
| Vanguard Capital Management LLC | 23.4K | 0.27% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 12, 2026 | American Realty Investors Inc | 10 percent owner | +70,023 | $55.50 |
Peers
- NexPoint Residential Trust
Sun Belt value-add apartment owner with debt-investment overlap
- BRT
Southeast/Texas multifamily owner with preferred-equity exposure
- Independence Realty Trust
Non-gateway apartment owner across southern and Texas markets
- Camden Property Trust
Houston-based apartment REIT with active development pipeline
- Stratus Properties
Texas residential and mixed-use developer in liquidation
- Cousins Properties
Sun Belt office REIT with Dallas/Austin development overlap
- Howard Hughes
Texas master-planned developer with office and multifamily assets
- St. Joe
Northwest Florida land developer with leasing and multifamily overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Transcontinental Realty Investors | $35.95 | −0.66% | $312.2M | 38.9 | — | 6.2 | +5.8% |
| NexPoint Residential Trust | $23.55 | −0.04% | $598.5M | — | — | 2.3 | +2.3% |
| BRT | $14.55 | +0.34% | $273.9M | — | — | 2.8 | +3.1% |
| Independence Realty Trust | $16.31 | +0.03% | $3.84B | 88.9 | 91.7 | 5.8 | +3.0% |
| Camden Property Trust | $106.35 | +0.03% | $10.69B | 35.3 | 101.8 | 6.8 | −0.9% |
| Stratus Properties | $19.32 | 0.00% | $154.2M | 7.3 | — | 5.4 | −24.8% |
| Cousins Properties | $29.40 | −0.15% | $4.85B | 719.8 | 76.7 | 4.7 | +10.7% |
| Howard Hughes | $64.80 | −0.06% | $3.86B | 13.1 | 19.9 | 1.6 | +330.2% |
| St. Joe | $67.32 | −0.07% | $3.83B | 31.5 | — | 7.0 | +23.1% |
| Median | 33.4 | 84.2 | 5.0 | +3.1% |