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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Rental and other property revenues (including $839, $708 and $726 for the year ended 2017, 2016 and 2015, respectively, from related parties) $ 125,233 $ 118,471 $ 102,220
Expenses:      
Property operating expenses (including $929, $865 and $740 for the year ended 2017, 2016 and 2015, respectively, from related parties) 63,056 61,918 52,257
Depreciation and amortization 25,558 23,683 21,299
General and administrative (including $3,120, $3,574 and $3,105 for the year ended 2017, 2016 and 2015, respectively, from related parties) 6,269 5,476 5,508
Provision on impairment of real estate assets     5,300
Net income fee to related party 250 257 187
Advisory fee to related party 9,995 9,490 8,368
Total operating expenses 105,128 100,824 92,919
Net operating income 20,105 17,647 9,301
Other income (expense):      
Interest income (including $11,485, $13,348 and $10,071 for the year ended 2017, 2016 and 2015, respectively, from related parties) 13,862 14,670 10,687
Other income 625 1,816 71
Mortgage and loan interest (including $0, $568, and $0 for the year ended 2017, 2016 and 2015, respectively, from related parties) (59,944) (53,088) (46,541)
Foreign currency translation loss (4,536) (1)
Income (loss) from unconsolidated joint ventures and investees 26 (26) 41
Litigation settlement (352)
Total other expenses (49,967) (36,628) (36,095)
Loss before gain on sales, non-controlling interest and taxes (29,862) (18,981) (26,794)
Gain on sale of income-producing properties (including recognition of $9,842, $0 and $0 previously deferred gains in 2017, 2016 and 2015, respectively) 9,842 16,207
Gain on land sales 4,884 3,121 18,911
Net income (loss) from continuing operations before taxes (15,136) 347 (7,883)
Income tax benefit (expense) (180) (24) (517)
Net income (loss) from continuing operations (15,316) 323 (8,400)
Discontinued operations:      
Net income (loss) from discontinued operations   (2) 644
Gain on sale of real estate from discontinued operations   735
Income tax expense from discontinued operations   1 (483)
Net income from discontinued operations   (1) 896
Net income (loss) (15,316) 322 (7,504)
Net income attributable to non-controlling interest (499) (285) (132)
Net income (loss) attributable to Transcontinental Realty Investors, Inc. (15,815) 37 (7,636)
Preferred dividend requirement (900) (900) (900)
Net income (loss) applicable to common shares $ (16,715) $ (863) $ (8,536)
Earnings per share - basic      
Net income (loss) from continuing operations (in dollars per share) $ (1.92) $ (0.10) $ (1.08)
Net income from discontinued operations (in dollars per share)   0.1
Net income (loss) applicable to common shares (in dollars per share) (1.92) (0.10) (0.98)
Earnings per share - diluted      
Net income (loss) from continuing operations (in dollars per share) (1.92) (0.10) (1.08)
Net income from discontinued operations (in dollars per share)   0.1
Net income (loss) applicable to common shares (in dollars per share) $ (1.92) $ (0.10) $ (0.98)
Weighted average common shares used in computing earnings per share (in shares) 8,717,767 8,717,767 8,717,767
Weighted average common shares used in computing diluted earnings per share (in shares) 8,717,767 8,717,767 8,717,767
Amounts attributable to Transcontinental Realty Investors, Inc.      
Net income (loss) from continuing operations $ (15,815) $ 38 $ (8,532)
Net income (loss) from discontinued operations   (1) 896
Net income (loss) $ (15,815) $ 37 $ (7,636)