| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenues: | ||||||||||
Rental and other property revenues (including $221 and $113 for the three months ended 2020 and 2019, respectively, from related parties) | ||||||||||
47,970 | 120,955 | 125,233 | 118,471 | - | - | - | - | - | - | - |
Rental and other property revenues (including $208 and $199 for the three months and $415 and $389 for the six months ended 2018 and 2017, respectively, from related parties) | ||||||||||
- | - | - | - | 102,220 | 75,858 | 77,351 | 78,378 | 77 | 102 | 107,286 |
Expenses: | ||||||||||
Property operating expenses (including $242 and $257 for the three months ended 2020 and 2019, respectively, from related parties) | ||||||||||
25,213 | 59,420 | 63,056 | 61,918 | 52,257 | 39,484 | 36,669 | - | - | - | 62,027 |
Property operating expenses (including $606, $661 and $851 for the year ended 2014, 2013 and 2012, respectively, from related parties) | ||||||||||
- | - | - | - | - | - | - | 37,845 | 41 | 55 | - |
Depreciation and amortization | ||||||||||
13,379 | 22,761 | 25,558 | 23,683 | 21,299 | 17,398 | 15,842 | 14,813 | 13 | 20 | 20,471 |
General and administrative (including $1,055 and $1,500 for the three months ended 2020 and 2019, respectively, from related parties) | ||||||||||
10,951 | 11,359 | 6,269 | 5,476 | 5,508 | 7,163 | 6,308 | 5,074 | 8 | 8 | 10,709 |
Provision on impairment of real estate assets | ||||||||||
- | - | - | - | 5,300 | - | 11,320 | - | - | - | 42,513 |
Provision on impairment of notes receivable and real estate assets | ||||||||||
- | - | - | - | - | - | - | 2,330 | 35 | 22 | - |
Net income fee to related party | ||||||||||
357 | 631 | 250 | 257 | 187 | 3,669 | 4,089 | 180 | - | - | - |
Net income fee to related party | ||||||||||
- | - | - | - | - | - | - | - | 0 | - | - |
Advisory fee to related party | ||||||||||
5,806 | 10,663 | 9,995 | 9,490 | 8,368 | 7,373 | 8,494 | 8,915 | 9 | 11 | - |
Advisory fee to affiliate | ||||||||||
- | - | - | - | - | - | - | - | - | - | 11,903 |
Total operating expenses | ||||||||||
55,706 | 104,834 | 105,128 | 100,824 | 92,919 | 75,087 | 82,722 | 69,157 | 109 | 119 | 147,623 |
Net operating (loss) | ||||||||||
-7,736 | 16,121 | 20,105 | 17,647 | 9,301 | 771 | -5,371 | 9,221 | -32 | -16 | -40,337 |
Other income (expenses): | ||||||||||
Less allowance for estimated losses (including $2,097 in 2011 and $3,061 in 2010 from affiliates and related parties) | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Interest income (including $3,839 and $4,285 for the three months ended 2020 and 2019, respectively, from related parties) | ||||||||||
19,607 | 15,793 | 13,862 | 14,670 | 10,687 | 12,194 | 13,790 | 11,725 | 5 | 5 | 5,407 |
Other income | ||||||||||
84 | 28,150 | 625 | 1,816 | 71 | 403 | - | - | - | - | - |
Other income | ||||||||||
- | - | - | - | - | - | 7,847 | 6,310 | - | 8 | 3,011 |
Other income (including $0, $6,000 and $0 for the year ended 2013, 2012 and 2011, respectively, from related parties) | ||||||||||
- | - | - | - | - | - | - | - | 2 | - | - |
Mortgage and loan interest (including $444 and $490 for the three months ended 2020 and 2019, respectively, from related parties) | ||||||||||
31,816 | 58,872 | 59,944 | 53,088 | 46,541 | 33,681 | 32,276 | -34,372 | -36 | -54 | 53,638 |
Foreign currency transaction gain (loss) | ||||||||||
-15,108 | 12,399 | -4,536 | - | - | - | - | - | - | - | - |
Loss on debt extinguishment | ||||||||||
-5,219 | - | - | - | - | - | - | - | - | - | - |
Equity loss from VAA | ||||||||||
-2,774 | 44 | - | - | - | - | - | - | - | - | - |
Loss on the sale of investments | ||||||||||
- | - | - | - | - | -92 | -283 | 125 | - | - | - |
Deferred borrowing costs amortization | ||||||||||
- | - | - | - | - | - | - | -634 | -1 | - | - |
Loan charges and prepayment penalties | ||||||||||
- | - | - | - | - | - | 5,219 | -3,574 | -0 | - | - |
Losses from other unconsolidated investees | ||||||||||
16 | 1,085 | 26 | -26 | 41 | -28 | -172 | - | - | - | - |
Foreign currency translation gain (loss) | ||||||||||
- | - | - | - | 1 | - | - | - | - | - | - |
Loss on the sale of investments | ||||||||||
- | - | - | - | - | - | - | - | -0 | - | - |
Losses from unconsolidated joint ventures and investees | ||||||||||
- | - | - | - | - | - | - | -66 | - | - | - |
Losses from unconsolidated joint ventures and investees | ||||||||||
- | - | - | - | - | - | - | - | 0 | -0 | -451 |
Litigation settlement | ||||||||||
- | - | - | - | 352 | -3,591 | 20,313 | -175 | -0 | - | - |
Litigation Settlement | ||||||||||
- | - | - | - | - | - | - | - | - | - | 357 |
Total other income (expenses) | ||||||||||
-35,210 | -1,401 | -49,967 | -36,628 | -36,095 | -17,613 | -36,626 | - | - | -41 | -45,314 |
Total other expenses | ||||||||||
- | - | - | - | - | - | - | -20,661 | -30 | - | - |
Income (loss) before gain on land sales, non-controlling interest, and taxes | ||||||||||
-42,946 | 14,720 | -29,862 | -18,981 | -26,794 | -16,842 | -41,997 | -11,440 | -62 | -57 | -85,651 |
Gain on disposition of 50% interest in VAA | ||||||||||
- | 154,126 | - | - | - | - | - | - | - | - | - |
(Loss) gain on sale of income producing properties | ||||||||||
-80 | - | 9,842 | - | - | - | - | - | - | - | - |
Gain on sale of income-producing properties | ||||||||||
- | - | - | 16,207 | - | - | - | - | - | - | - |
Gain on sale of income producing properties | ||||||||||
- | - | - | - | 0 | - | -1,073 | - | - | - | - |
Gain on land sales | ||||||||||
14,889 | 17,404 | 4,884 | 3,121 | 18,911 | 561 | - | - | - | -15 | - |
Gain (loss) on land sales | ||||||||||
- | - | - | - | - | - | - | 6,935 | 17 | - | - |
Net income (loss) from continuing operations before taxes | ||||||||||
-28,137 | 186,250 | -15,136 | 347 | -7,883 | -16,281 | -43,070 | -4,505 | -45 | -73 | - |
Income tax expense - current | ||||||||||
0 | 1,210 | 180 | 24 | - | - | - | - | - | - | - |
Income tax benefit (expense) - deferred | ||||||||||
-2,000 | 2,000 | - | - | - | - | - | - | - | - | - |
Gain on land sales | ||||||||||
- | - | - | - | - | - | - | - | - | - | 6,296 |
Income (loss) from continuing operations before tax | ||||||||||
- | - | - | - | - | - | - | - | - | - | -79,355 |
State income tax expense | ||||||||||
- | - | - | - | 517 | -20,390 | -40,949 | -1,260 | -0 | 2 | 76 |
Net income (loss) from continuing operations | ||||||||||
-26,137 | 183,040 | -15,316 | 323 | -8,400 | 4,109 | -2,121 | -5,765 | -45 | -70 | -79,431 |
Net income (loss) from discontinued operations | ||||||||||
- | - | - | -2 | 644 | -3,621 | -2,589 | - | - | - | - |
Gain on sale of real estate from discontinued operations | ||||||||||
- | - | - | - | 735 | 61,879 | 97,405 | - | - | - | 3,524 |
Income tax benefit (expense) from discontinued operations | ||||||||||
- | - | - | -1 | 483 | 20,390 | 33,186 | 1,260 | - | - | -76 |
Net income (loss) from discontinued operations | ||||||||||
- | - | - | -1 | 896 | 37,868 | 61,630 | -2,339 | - | 3 | -142 |
Net income (loss) from continuing operations | ||||||||||
- | - | - | - | - | - | - | -5,985 | - | - | - |
Net income (loss) from discontinued operations | ||||||||||
- | - | - | - | - | - | - | -2,339 | -0 | - | - |
Net loss from discontinued operations | ||||||||||
- | - | - | - | - | - | - | -8,816 | - | - | - |
Income (loss) from discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | -4 | -3,742 |
Gain on sale of real estate from discontinued operations | ||||||||||
- | - | - | - | - | - | - | 5,217 | 18 | 10 | - |
Income tax expense from discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | -2 | - |
Net income from discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | -19 | - | - |
Net income (loss) | ||||||||||
-26,137 | 183,040 | -15,316 | 322 | -7,504 | 41,977 | 59,509 | - | - | - | -79,573 |
Net (income) attributable to non-controlling interest | ||||||||||
783 | 1,590 | 499 | 285 | 132 | 399 | 979 | - | - | -0 | 125 |
Income tax (expense) discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | 0 | - | - |
Net income (loss) attributable to Transcontinental Realty Investors, Inc. | ||||||||||
-26,920 | 181,450 | -15,815 | 37 | -7,636 | 41,578 | 58,530 | -8,104 | -46 | -67 | -79,698 |
Net loss attributable to non-controlling interest | ||||||||||
- | - | - | - | - | - | - | -220 | - | - | - |
Net loss attributable to non-controlling interest | ||||||||||
- | - | - | - | - | - | - | - | 0 | - | - |
Net loss | ||||||||||
- | - | - | - | - | - | - | - | - | -67 | - |
Net income (loss) attributable to Transcontinental Realty Investors, Inc. | ||||||||||
- | - | - | - | - | - | - | -8,324 | -46 | -67 | - |
Preferred dividend requirement | ||||||||||
- | 900 | 900 | 900 | 900 | 1,005 | 1,110 | -1,112 | -1 | -1 | 1,023 |
Net income (loss) applicable to common shares | ||||||||||
-26,920 | 180,550 | -16,715 | -863 | -8,536 | 40,573 | 57,420 | -9,436 | -47 | -68 | -80,721 |
(Loss) earnings per share - basic | ||||||||||
Net income (loss) from continuing operations (in dollars per share) | ||||||||||
-3.00 | 20.89 | -1.86 | -0.10 | -1.08 | 0.32 | -0.50 | -0.84 | -5.59 | -8.89 | -9.93 |
Net income from discontinued operations (in dollars per share) | ||||||||||
- | - | - | - | 0.10 | 4.42 | 7.33 | -0.28 | -0.08 | 0.48 | -0.02 |
Net income (loss) applicable to common shares (in dollars per share) | ||||||||||
-3.09 | 20.71 | -1.92 | -0.10 | -0.98 | 4.74 | 6.83 | -1.12 | -5.67 | -8.41 | -9.95 |
(Loss) earnings per share - diluted | ||||||||||
Net income (loss) from continuing operations (in dollars per share) | ||||||||||
-3.00 | 20.89 | -1.86 | -0.10 | -1.08 | 0.32 | -0.50 | -0.84 | -5.59 | -8.89 | -9.93 |
Net income from discontinued operations (in dollars per share) | ||||||||||
- | - | - | - | 0.10 | 4.42 | 7.33 | -0.28 | -0.08 | 0.48 | -0.02 |
Net income (loss) applicable to common shares (in dollars per share) | ||||||||||
-3.09 | 20.71 | -1.92 | -0.10 | -0.98 | 4.74 | 6.83 | -1.12 | -5.67 | -8.41 | -9.95 |
Weighted average common shares used in computing earnings per share (in shares) | ||||||||||
8,717 | 8,717 | 8,717 | 8,717 | 8,717 | 8,559 | 8,413 | 8,413 | 8,370 | 8,113 | - |
Weighted average common share used in computing earnings per share | ||||||||||
- | - | - | - | - | - | - | - | - | - | 8,113 |
Weighted average common shares used in computing diluted earnings per share (in shares) | ||||||||||
8,717 | 8,717 | 8,717 | 8,717 | 8,717 | 8,559 | 8,413 | 8,413 | 8,370 | 8,113 | 8,113 |
Amounts attributable to Transcontinental Realty Investors, Inc. | ||||||||||
Net income (loss) from continuing operations | ||||||||||
-26,137 | 183,040 | -15,316 | 38 | -8,532 | 3,710 | -3,100 | - | -45 | -71 | - |
Net (loss) income applicable to common shares | ||||||||||
-26,920 | 180,550 | -16,715 | - | - | - | - | - | - | - | - |
Net income from discontinued operations | ||||||||||
- | - | - | -1 | 896 | 37,868 | 61,630 | - | -0 | 3 | - |
Net income (loss) attributable to Transcontinental Realty Investors, Inc. | ||||||||||
-26,920 | 181,450 | -15,815 | 37 | -7,636 | 41,578 | 58,530 | -8,104 | -46 | -67 | -79,698 |
Net income (loss). | ||||||||||
- | - | - | - | - | - | - | -8,324 | -46 | - | - |