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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Rental and other property revenues (including $221 and $113 for the three months ended 2020 and 2019, respectively, from related parties) $ 11,918 $ 11,929
Expenses:    
Property operating expenses (including $242 and $257 for the three months ended 2020 and 2019, respectively, from related parties) 6,309 5,997
Depreciation and amortization 3,394 3,109
General and administrative (including $1,055 and $1,500 for the three months ended 2020 and 2019, respectively, from related parties) 2,521 2,203
Franchise taxes and other expenses 1,494 125
Net income fee to related party 86 100
Advisory fee to related party 2,095 1,648
Total operating expenses 15,899 13,182
Net operating (loss) (3,981) (1,253)
Other income (expenses):    
Interest income (including $3,839 and $4,285 for the three months ended 2020 and 2019, respectively, from related parties) 4,527 4,558
Other income 835 3,892
Mortgage and loan interest (including $444 and $490 for the three months ended 2020 and 2019, respectively, from related parties) (7,967) (7,959)
Foreign currency transaction gain (loss) 7,843 (5,818)
Equity loss from VAA (376) (1,055)
Losses from other unconsolidated investees (1) (7)
Total other income (expenses) 4,861 (6,389)
Income (loss) before gain on land sales, non-controlling interest, and taxes 880 (7,642)
Gain on land sales 4,138 2,216
Net income (loss) from continuing operations before taxes 5,018 (5,426)
State income tax expense (247)  
Net income (loss) from continuing operations 4,771 (5,426)
Net income (loss) 4,771 (5,426)
Net (income) attributable to non-controlling interest (158) (183)
Net income (loss) attributable to Transcontinental Realty Investors, Inc. 4,613 (5,609)
Net income (loss) applicable to common shares $ 4,613 $ (5,609)
(Loss) earnings per share - basic    
Net income (loss) from continuing operations (in dollars per share) $ 0.55 $ (0.62)
Net income (loss) applicable to common shares (in dollars per share) 0.53 (0.64)
(Loss) earnings per share - diluted    
Net income (loss) from continuing operations (in dollars per share) 0.55 (0.62)
Net income (loss) applicable to common shares (in dollars per share) $ 0.53 $ (0.64)
Weighted average common shares used in computing earnings per share (in shares) 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
Amounts attributable to Transcontinental Realty Investors, Inc.    
Net income (loss) from continuing operations $ 4,771 $ (5,426)
Net income (loss) applicable to Transcontinental Realty, Investors, Inc. $ 4,613 $ (5,609)