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Transcontinental Realty posts 4Q profit

DALLAS (AP) _ Transcontinental Realty Investors Inc. (TCI) on Monday reported fourth-quarter net income of $3.5 million, after reporting a loss in the same period a year earlier.

The Dallas-based company said it had profit of 37 cents per share.

The real estate investor posted revenue of $29.3 million in the period.

For the year, the company reported net income of $37,000, or 10 cents per share, swinging to a profit in the period. Revenue was reported as $118.5 million.

Transcontinental Realty shares have risen 50 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $17.98, a rise of 49 percent in the last 12 months.

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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

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Keywords: Transcontinental Realty Investors, Earnings Report