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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 JUNE 30, 1996
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Commission File Number 1-9240
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TRANSCONTINENTAL REALTY INVESTORS, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Nevada 94-6565852
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(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
10670 North Central Expressway, Suite 300, Dallas, Texas 75231
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(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 .
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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
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(Class) (Outstanding at August 2, 1996)
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This Form 10-Q/A amends the Registrant's quarterly report on form 10-Q for the
quarter ended June 30, 1996 as follows:
ITEM 1. FINANCIAL STATEMENTS - page 3
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TRANSCONTINENTAL REALTY INVESTORS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
For the Three Months For the Six Months
Ended June 30, Ended June 30,
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1996 1995 1996 1995
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(dollars in thousands, except per share)
<S> <C> <C> <C> <C>
Income
Rents....................... $ 10,988 $ 11,853 $ 22,146 $ 22,993
Interest.................... 353 350 765 724
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11,341 12,203 22,911 23,717
Expenses
Property operations......... 6,915 7,586 14,332 14,923
Equity in losses of
investees................. 1 1,070 46 999
Interest.................... 3,669 4,048 7,423 7,602
Depreciation................ 2,098 2,120 4,165 4,109
Advisory fee to affiliate... 468 506 946 994
General and administrative.. 567 602 1,147 1,063
Litigation settlement....... - (500) - (500)
Provision for loss.......... 1,579 - 1,579 -
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15,297 15,432 29,638 29,190
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(Loss) before gain on sale of
real estate and extra-
ordinary gain............... (3,956) (3,229) (6,727) (5,473)
Gain on sale of real estate... - - 1,650 -
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(Loss) before extraordinary
gain........................ (3,956) (3,229) (5,077) (5,473)
Extraordinary gain............ - 48 48 1,341
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Net (loss).................... $ (3,956) $ (3,181) $ (5,029) $ (4,132)
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Earnings Per Share
(Loss) before
extraordinary gain........ $ (.99) $ (.80) $ (1.27) $ (1.36)
Extraordinary gain.......... - .01 .01 .33
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Net (loss).................. $ (.99) $ (.79) $ (1.26) $ (1.03)
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Common shares used in
computing earnings per share 4,012,275 4,012,275 4,012,275 4,012,275
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</TABLE>
The accompanying notes are an integral part of these Consolidated Financial
Statements.
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