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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental and other property revenues (including $280 and $203 for the three months and $456 and $413 for the six months ended 2020 and 2019, respectively, from related parties) $ 11,947 $ 11,840 $ 23,865 $ 23,769
Expenses:        
Property operating expenses (including $254 and $246 for the three months ended and $496 and $504 for the six months ended 2020 and 2019, respectively, from related parties) 5,810 7,322 12,119 13,319
Depreciation and amortization 3,418 3,439 6,812 6,548
General and administrative (including $711 and $919 for the three months ended and $1,766 and $2,420 for the six months ended 2020 and 2019, respectively, from related parties) 1,405 2,211 3,926 4,539
Franchise taxes and other expenses     1,494  
Net income fee to related party 112 90 198 190
Advisory fee to related party 2,051 2,158 4,146 3,806
Total operating expenses 12,796 15,220 28,695 28,402
Net operating (loss) (849) (3,380) (4,830) (4,633)
Other income (expenses):        
Interest income (including $4,088 and $4,585 for the three months ended and $7,503 and $8,897 for the six months ended 2020 and 2019, respectively, from related parties) 4,227 4,878 8,754 9,436
Other income 1,484 688 2,319 4,580
Mortgage and loan interest (including $369 and $513 for the three months ended and $813 and $1,003 for the six months ended 2020 and 2019, respectively, from related parties) (7,741) (7,646) (15,708) (15,605)
Foreign currency transaction gain (loss) (5,599) (2,325) 2,244 (8,143)
Equity loss from VAA (735) (236) (1,111) (1,291)
Losses from other unconsolidated investees 7 2 6 (5)
Total other income (expenses) (8,357) (4,639) (3,496) (11,028)
Income (loss) before gain on land sales, non-controlling interest, and taxes (9,206) (8,019) (8,326) (15,661)
Loss on sale of income producing properties   (80)   (80)
Gain on land sales 5,339 2,133 9,477 4,349
Net income (loss) before taxes (3,867) (5,966) 1,151 (11,392)
State income tax expense (49)   (296)  
Net income (loss) (3,916) (5,966) 855 (11,392)
Net (income) attributable to non-controlling interest (242) (379) (400) (562)
Net income (loss) attributable to Transcontinental Realty Investors, Inc. (4,158) (6,345) 455 (11,954)
Net income (loss) applicable to common shares $ (4,158) $ (6,345) $ 455 $ (11,954)
(Loss) earnings per share - basic        
Net income (loss) (in dollars per share) $ (0.45) $ (0.68) $ 0.1 $ (1.31)
Net income (loss) applicable to common shares (in dollars per share) (0.48) (0.73) 0.05 (1.37)
(Loss) earnings per share - diluted        
Net income (loss) (in dollars per share) (0.45) (0.68) 0.1 (1.31)
Net income (loss) applicable to common shares (in dollars per share) $ (0.48) $ (0.73) $ 0.05 $ (1.37)
Weighted average common shares used in computing earnings per share (in shares) 8,717,767 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 8,717,767
Amounts attributable to Transcontinental Realty Investors, Inc.        
Net income (loss) $ (3,916) $ (5,966) $ 855 $ (11,392)
Net income (loss) applicable to Transcontinental Realty, Investors, Inc. $ (4,158) $ (6,345) $ 455 $ (11,954)