DALLAS (AP) _ Transcontinental Realty Investors Inc. (TCI) on Monday reported fourth-quarter net income of $152.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had net income of $17.44. Losses, adjusted for non-recurring gains, were 24 cents per share.
The real estate investor posted revenue of $24.8 million in the period.
For the year, the company reported net income of $181.5 million, or $20.71 per share, swinging to a profit in the period. Revenue was reported as $121 million.
Transcontinental Realty shares have climbed 9.5 percent since the beginning of the year. The stock has decreased 26 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCI at https://www.zacks.com/ap/TCI