TCI Real Estate

Transcontinental Realty Investors, Inc.

$49.59-2.50%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Real Estate
Industry: Real Estate Services
Country: United States
Market cap: 435.1M USD
Enterprise value: 555.1M USD

Overall health

Strength: lower risk than most peers: a steadier share price, more short-term liquidity and less debt relative to equitylower risk: a steadier share price, more liquidity and less debt vs equity
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
About average: growth

Ranks #424 of 632 real estate companies (bottom 34%)

See how it ranks against its peers

Worth knowing

Profit looks boosted by one-off gains. Reported profit is 1.7× operating cash profit (EBITDA), lifted by income outside the core business.Reported profit is 1.7× operating cash profit, lifted by income outside the core business.
Transcontinental Realty Investors's reported profit is 1.7× its operating cash profit (EBITDA), which is unusual: normally it's the other way round. Income outside the core business, such as interest on a large cash pile, gains on investments or asset sales, or tax items, has lifted net income, so its earnings-based valuation may look cheaper than the business alone justifies.Transcontinental Realty Investors's reported profit is 1.7× its operating cash profit, which is unusual: normally it's the other way round. Income outside the core business, such as interest on a large cash pile, gains on investments or asset sales, or tax items, has lifted net income, so its earnings-based valuation may look cheaper than the business alone justifies.
Profit isn't fully turning into cash. Free cash flow is only 26% of reported profit.
Free cash flow is only 26% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.

StockQuotient Score

43/ 100

Oct 5 43 → Nov 4 43

Valuation

Is the price right?

10/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ EBITDA yield
▼ FCF yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield1.9%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.72Sector median: 0.0535 · MAD: 0.0484

EBITDA yield0.9%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -2.20Sector median: 0.0536 · MAD: 0.0204

Free cash flow yield0.5%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score -1.36Sector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield194.5%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

55/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Helped by:

▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth20.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.29Sector median: 0.1117 · MAD: 0.3101

3-year revenue growth3.6%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.02Sector median: 0.0378 · MAD: 0.0744

Revenue growth5.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.25Sector median: 0.0297 · MAD: 0.0927

Profitability

Does it earn well?

13/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Operating margin fell 2.8 points to -18.3%

Why

Weaker than most peers on:

▼ Operating margin
▼ ROIC
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-18.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.00Sector median: 0.2683 · MAD: 0.2257

Return on assets0.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.04Sector median: 0.0211 · MAD: 0.0134

Return on invested capital-0.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.08Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin38.4%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity1.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity
▲ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.49

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.79Sector median: 0.7490 · MAD: 0.3270

Current ratio3.99×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score 3.87Sector median: 1.1950 · MAD: 0.7210

Debt / equity0.25×

SEC filings · latest balance sheetReported value33% base weight · Z-score 1.41Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Transcontinental Realty Investors

Is Transcontinental Realty Investors getting weaker?: Its latest SEC filing (Aug 6, 2026) got weaker in some ways: operating margin fell 2.8 points to -18.3%. Its overall score is unchanged at 43/100 since Oct 28, 2026.
How is Transcontinental Realty Investors valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 10/100 against 762 real estate peers. EBITDA yield 0.9% vs a peer median of 5.4% (weaker than 84% of peers).EBITDA yield 0.9% vs peers 5.4% (weaker than 84% of peers).
Is Transcontinental Realty Investors growing?: At about the same pace as its peers. Growth scores 55/100 against 762 real estate peers. Earnings per share growth 20.2% vs a peer median of 11.2% (stronger than 61% of peers).Earnings per share growth 20.2% vs peers 11.2% (stronger than 61% of peers).
How profitable is Transcontinental Realty Investors?: Less profitable than most of its peers. Profitability scores 13/100 against 762 real estate peers. Operating margin -18.3% vs a peer median of 26.8% (weaker than 95% of peers).Operating margin -18.3% vs peers 26.8% (weaker than 95% of peers).
How risky is Transcontinental Realty Investors?: Lower risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Current ratio 3.99× vs a peer median of 1.20× (stronger than 91% of peers).Current ratio 3.99× vs peers 1.20× (stronger than 91% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Operating margin fell 2.8 points to -18.3%

Worth watching: Transcontinental Realty Investors is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	49.4M USD	50.1M USD	+1.4%
Net income (12 months)	9.4M USD	8.1M USD	−13.9%
Operating margin	-15.5%	-18.3%	−2.8 pts
Debt	211.9M USD	214.5M USD	+1.2%
Cash	9.5M USD	10.7M USD	+13.0%
Shares outstanding	8.6M	8.8M	+1.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Real Estate · 124 companies

Valuations in Real Estate are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +4% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +112% vs the whole market, against a usual +154%.

2016Shaded: most expensive fifth of its range2026

Shown for Real Estate: too few Real Estate Services companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	-39.6%	-25.3%	-20.0%	-12.3%	-12.9%	▼ 0.7 pts
Net margin	23.0%	1277.3%	11.9%	12.5%	28.1%	▲ 16 pts
Return on assets (ROA)	1.2%	38.4%	0.6%	0.5%	1.2%	▲ 0.7 pts
Return on equity (ROE)	2.7%	57.1%	0.7%	0.7%	1.6%	▲ 0.9 pts
Debt to equity	0.50×	0.23×	0.22×	0.22×	0.25×	▲ 14%
Interest coverage	-0.70×	-0.54×	-1.08×	-0.76×	-0.95×	▼ 26%

TCI price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Dear Life Co.,Ltd.3245.T95/ 100

Sakura Development Co.,Ltd2539.TW94/ 100

Millrose Properties, Inc.MRP94/ 100

Bringing the fundamentals into focus…

Overall health

Strength: lower risk than most peers: a steadier share price, more short-term liquidity and less debt relative to equitylower risk: a steadier share price, more liquidity and less debt vs equity

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

About average: growth

Ranks #424 of 632 real estate companies (bottom 34%)

See how it ranks against its peers

Worth knowing

Profit looks boosted by one-off gains. Reported profit is 1.7× operating cash profit (EBITDA), lifted by income outside the core business.Reported profit is 1.7× operating cash profit, lifted by income outside the core business.

Transcontinental Realty Investors's reported profit is 1.7× its operating cash profit (EBITDA), which is unusual: normally it's the other way round. Income outside the core business, such as interest on a large cash pile, gains on investments or asset sales, or tax items, has lifted net income, so its earnings-based valuation may look cheaper than the business alone justifies.Transcontinental Realty Investors's reported profit is 1.7× its operating cash profit, which is unusual: normally it's the other way round. Income outside the core business, such as interest on a large cash pile, gains on investments or asset sales, or tax items, has lifted net income, so its earnings-based valuation may look cheaper than the business alone justifies.

Profit isn't fully turning into cash. Free cash flow is only 26% of reported profit.

Free cash flow is only 26% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.

Questions investors ask about Transcontinental Realty Investors

Is Transcontinental Realty Investors getting weaker?

Its latest SEC filing (Aug 6, 2026) got weaker in some ways: operating margin fell 2.8 points to -18.3%. Its overall score is unchanged at 43/100 since Oct 28, 2026.

How is Transcontinental Realty Investors valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 10/100 against 762 real estate peers. EBITDA yield 0.9% vs a peer median of 5.4% (weaker than 84% of peers).EBITDA yield 0.9% vs peers 5.4% (weaker than 84% of peers).

Is Transcontinental Realty Investors growing?

At about the same pace as its peers. Growth scores 55/100 against 762 real estate peers. Earnings per share growth 20.2% vs a peer median of 11.2% (stronger than 61% of peers).Earnings per share growth 20.2% vs peers 11.2% (stronger than 61% of peers).

How profitable is Transcontinental Realty Investors?

Less profitable than most of its peers. Profitability scores 13/100 against 762 real estate peers. Operating margin -18.3% vs a peer median of 26.8% (weaker than 95% of peers).Operating margin -18.3% vs peers 26.8% (weaker than 95% of peers).

How risky is Transcontinental Realty Investors?

Lower risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Current ratio 3.99× vs a peer median of 1.20× (stronger than 91% of peers).Current ratio 3.99× vs peers 1.20× (stronger than 91% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

49.4M USD

50.1M USD

+1.4%

Net income (12 months)

9.4M USD

8.1M USD

−13.9%

Operating margin

-15.5%

-18.3%

−2.8 pts

Debt

211.9M USD

214.5M USD

+1.2%

Cash

9.5M USD

10.7M USD

+13.0%

Shares outstanding

8.6M

8.8M

+1.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

-39.6%

-25.3%

-20.0%

-12.3%

-12.9%

▼ 0.7 pts

Net margin

23.0%

1277.3%

11.9%

12.5%

28.1%

▲ 16 pts

Return on assets (ROA)

1.2%

38.4%

0.6%

0.5%

1.2%

▲ 0.7 pts

Return on equity (ROE)

2.7%

57.1%

0.7%

1.6%

▲ 0.9 pts

Debt to equity

0.50×

0.23×

0.22×

0.25×

▲ 14%

Interest coverage

-0.70×

-0.54×

-1.08×

-0.76×

-0.95×

▼ 26%