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Previous: TRANSCONTINENTAL REALTY INVESTORS INC, 10-Q/A, 1996-09-06 |
Next: TRANSCONTINENTAL REALTY INVESTORS INC, 10-K/A, 1996-09-06 |
<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTER ENDED MARCH 31, 1996
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Commission File Number 1-9240
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TRANSCONTINENTAL REALTY INVESTORS, INC.
--------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)
Nevada 94-6565852
- --------------------------------- ---------------------
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
10670 North Central Expressway, Suite 300, Dallas, Texas 75231
- --------------------------------------------------------------------------------
(Address of Principal Executive Office) (Zip Code)
(214) 692-4700
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(Registrant's Telephone Number,
Including Area Code)
Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X . No .
---- ----
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes of
Common Stock, as of the latest practicable date.
Common Stock, $.01 par value 4,012,275
- ---------------------------- ---------------------------------
(Class) (Outstanding at April 30, 1996)
1
<PAGE> 2
This Form 10-Q/A amends the Registrant's quarterly report on Form 10-Q for the
quarter ended March 31, 1996 as follows:
ITEM 1. FINANCIAL STATEMENTS - page 4
2
<PAGE> 3
TRANSCONTINENTAL REALTY INVESTORS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
For the Three Months
Ended March 31,
-------------------------
1996 1995
----------- --------
(dollars in thousands,
except per share)
<S> <C> <C>
Income
Rents............................................ $ 11,158 $ 11,140
Interest......................................... 412 374
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11,570 11,514
Expenses
Property operations.............................. 7,417 7,337
Equity in (income) loss of investees............. 45 (71)
Interest......................................... 3,754 3,554
Depreciation..................................... 2,067 1,989
Advisory fee to affiliate........................ 478 488
General and administrative....................... 580 461
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14,341 13,758
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(Loss) before gain on sale of real estate and
extraordinary gain............................... (2,771) (2,244)
Gain on sale of real estate........................ 1,650 -
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(Loss) before extraordinary gain................... (1,121) (2,244)
Extraordinary gain................................. 48 1,293
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Net (loss)......................................... $ (1,073) $ (951)
============== ==============
Earnings Per Share
(Loss) before extraordinary gain................... $ (.28) $ (.56)
Extraordinary gain................................. .01 .32
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Net (loss)......................................... $ (.27) $ (.24)
============== ==============
Common shares used in computing earnings per
share............................................ 4,012,275 4,012,275
============== ==============
</TABLE>
The accompanying notes are an integral part of these Consolidated Financial
Statements.
4
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