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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Rental and other property revenues (including $708, $726 and $701 for the year ended 2016, 2015 and 2014, respectively, from related parties) $ 118,471 $ 102,220 $ 75,858
Expenses:      
Property operating expenses (including $865, $740 and $606 for the year ended 2016, 2015 and 2014, respectively, from related parties) 61,918 52,257 39,484
Depreciation and amortization 23,683 21,299 17,398
General and administrative (including $3,574, $3,105 and $2,802 for the year ended 2016, 2015 and 2014, respectively, from related parties) 5,476 5,508 7,163
Provision on impairment of real estate assets   5,300  
Net income fee to related party 257 187 3,669
Advisory fee to related party 9,490 8,368 7,373
Total operating expenses 100,824 92,919 75,087
Net operating income 17,647 9,301 771
Other income (expense):      
Interest income (including $13,348, $10,071 and $11,469 for the year ended 2016, 2015 and 2014, respectively, from related parties) 14,670 10,687 12,194
Other income 1,816 71 403
Mortgage and loan interest (including $568, $0, and $31 for the year ended 2016, 2015 and 2014, respectively, from related parties) (53,088) (46,541) (33,681)
Loss on the sale of investments   (1) (92)
Income (loss) from unconsolidated joint ventures and investees (26) 41 (28)
Litigation settlement   (352) 3,591
Total other expenses (36,628) (36,095) (17,613)
Loss before gain on sales, non-controlling interest and taxes (18,981) (26,794) (16,842)
Gain on sale of income-producing properties 16,207    
Gain on land sales 3,121 18,911 561
Net income (loss) from continuing operations before taxes 347 (7,883) (16,281)
Income tax benefit (expense) (24) (517) 20,390
Net income (loss) from continuing operations 323 (8,400) 4,109
Discontinued operations:      
Net income (loss) from discontinued operations (2) 644 (3,621)
Gain on sale of real estate from discontinued operations   735 61,879
Income tax expense from discontinued operations 1 (483) (20,390)
Net income from discontinued operations (1) 896 37,868
Net income (loss) 322 (7,504) 41,977
Net income attributable to non-controlling interest (285) (132) (399)
Net income (loss) attributable to Transcontinental Realty Investors, Inc. 37 (7,636) 41,578
Preferred dividend requirement (900) (900) (1,005)
Net income (loss) applicable to common shares $ (863) $ (8,536) $ 40,573
Earnings per share - basic      
Net income (loss) from continuing operations (in dollars per share) $ (.10) $ (1.08) $ 0.32
Net income from discontinued operations (in dollars per share)   0.10 4.42
Net income (loss) applicable to common shares (in dollars per share) (.10) (0.98) 4.74
Earnings per share - diluted      
Net income (loss) from continuing operations (in dollars per share) (.10) (1.08) 0.32
Net income from discontinued operations (in dollars per share)   0.10 4.42
Net income (loss) applicable to common shares (in dollars per share) $ (.10) $ (0.98) $ 4.74
Weighted average common shares used in computing earnings per share (in shares) 8,717,767 8,717,767 8,559,370
Weighted average common shares used in computing diluted earnings per share (in shares) 8,717,767 8,717,767 8,559,370
Amounts attributable to Transcontinental Realty Investors, Inc.      
Net income (loss) from continuing operations $ 38 $ (8,532) $ 3,710
Net income (loss) from discontinued operations (1) 896 37,868
Net income (loss) $ 37 $ (7,636) $ 41,578