TRANSCONTINENTAL REALTY INVESTORS INC Segments Disclosure
| For the Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Residential Segment | |||||||||||||||||
| Revenues | $ | 34,128 | $ | 34,103 | $ | 34,962 | |||||||||||
| Segment expenses | |||||||||||||||||
| Property tax and insurance | (11,003) | (10,679) | (9,776) | ||||||||||||||
| Repairs and maintenance | (3,885) | (3,970) | (4,317) | ||||||||||||||
| Other property expenses | (4,416) | (3,603) | (3,656) | ||||||||||||||
| NOI from residential segment | 14,824 | 15,851 | 17,213 | ||||||||||||||
| Commercial Segment | |||||||||||||||||
| Revenues | 14,932 | 12,967 | 14,943 | ||||||||||||||
| Segment expenses | |||||||||||||||||
| Property tax and insurance | (2,740) | (3,204) | (4,266) | ||||||||||||||
| Repairs and maintenance | (1,323) | (1,293) | (1,228) | ||||||||||||||
| Other property expenses | (4,518) | (4,314) | (4,653) | ||||||||||||||
| NOI from commercial segment | 6,351 | 4,156 | 4,796 | ||||||||||||||
| Total NOI from segments | $ | 21,175 | $ | 20,007 | $ | 22,009 | |||||||||||
| For the Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| NOI from reportable segments | $ | 21,175 | $ | 20,007 | $ | 22,009 | |||||||||||
| Other non-segment items of income (expense) | |||||||||||||||||
| Depreciation and amortization | (12,577) | (12,276) | (13,646) | ||||||||||||||
| General and administrative | (5,830) | (5,447) | (9,199) | ||||||||||||||
| Advisory fee to related party | (9,112) | (8,058) | (9,156) | ||||||||||||||
| Interest income | 17,123 | 21,886 | 30,020 | ||||||||||||||
| Interest expense | (6,669) | (7,642) | (9,291) | ||||||||||||||
| Gain on foreign currency transactions | — | — | 993 | ||||||||||||||
| Loss on early extinguishment of debt | (284) | — | (1,710) | ||||||||||||||
| Equity in income from unconsolidated joint venture | — | 708 | 1,060 | ||||||||||||||
| Gain (loss) on sale or write down of assets, net | 17,670 | (589) | (1,891) | ||||||||||||||
| Income tax provision | (7,064) | (1,930) | (1,939) | ||||||||||||||
| Net income | $ | 14,432 | $ | 6,659 | $ | 7,250 | |||||||||||
| December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Segment assets | $ | 571,503 | $ | 523,792 | |||||||
| Real estate | 57,463 | 59,197 | |||||||||
| Notes receivable | 123,678 | 128,229 | |||||||||
| Receivable from related parties | 169,747 | 163,518 | |||||||||
| Cash, short-term investments and other non-segment assets | 210,129 | 195,809 | |||||||||
| Total assets | $ | 1,132,520 | $ | 1,070,545 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 20, 2025 | |
| 2023 | Mar 21, 2024 | |
| 2022 | Mar 23, 2023 | |
| 2021 | Mar 29, 2022 | |
| 2020 | Mar 26, 2021 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.