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Stock impact report

Transcontinental Realty Investors, Inc. Reports Third Quarter 2019 Results

Transcontinental Realty Investors, Inc. (TCI) 
US:NYSE Investor Relations: transconrealty-invest.com
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Transcontinental Realty Investors, Inc. (NYSE: TCI), a Dallas-based real estate investment company, today reported results of operations for the second quarter ended September 30, 2019. For the three months ended September 30, 2019, we reported net loss applicable to common shares of $7.8 million or ($0.89) per diluted loss per share compared to a net income applicable to common shares of $21.9 million or $2.52 per share for the same period ended 2018.Though the Company reported a net income loss, this is driven by the overall strategic direction of expanding the core business. As certain new multi-family development projects are completed, which the Company has invested in, it is expected that net income should be positively impacted.2018 and 2019 have been met with unprecedented expansion and repositioning for Pillar, TCI, SPC, and affiliated Companies. We ended 2018 with our largest and most strategic transactions, the newly created subsidiary Victory A Show less Read more
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