TCITranscontinental Realty Investors, Inc.
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -69% · now 23% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can TCI take a bad year?
Transcontinental Realty Investors, Inc. carries $130M of net debt at 29.5× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 29.5×
Net debt / EBITDA · 20.4× a year ago · the load is going up
- Cash runway
- 2.4 years
Cash runway · burning $8.9M a quarter at the current rate
- Annualised volatility
- 49%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $214M
- Cash and short-term investments
- $84M
- Net debt
- $130M
- EBITDA, trailing twelve months
- $4.4M
- Operating profit, trailing twelve months
- −$9.2M
- Debt / equity
- 0.25×
- Total debt / EBITDA
- 48.6×
- Annualised volatilitytwo years of daily moves
- 49%
- Worst drawdown on file
- −69%
- Below its 52-week high
- 23%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Real Estate Services
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