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TRANSCONTINENTAL REALTY INVESTORS REPORTS SECOND QUARTER RESULTS

 TRANSCONTINENTAL REALTY INVESTORS REPORTS SECOND QUARTER RESULTS
 DALLAS, Aug. 21 /PRNewswire/ -- Transcontinental Realty Investors, Inc. (NYSE: TCI) reported a net loss of $3.0 million, or 91 cents per share, on revenues of $6.5 million for the quarter ended June 30, 1992. This compares with a net loss of $627,000, or 21 cents per share, on revenues of $5.9 million for the second quarter of 1991.
 For the six months ended June 30, 1992, Transcontinental Realty Investors, Inc. recorded a net loss of $2.2 million, or 68 cents per share, compared with a net loss of $657,000, or 22 cents per share, in the first six months of 1991. Revenues decreased to $12.8 million from 13.4 million over the same period in 1991.
 Transcontinental recorded a loss on sale of real estate of $479,000 in the three months ended June 30, 1992, as compared to a gain on sale of real estate of $873,000 and an extraordinary gain of $1.2 million in the corresponding period in 1991.
 For the six months ended June 30, 1992 the company recorded a gain on sale of real estate of $1.4 million, compared with a gain on sale of real estate of $873,000 and extraordinary gain of $1.2 million during the same period in 1991.
 Transcontinental Realty Investors, Inc. is a combination mortgage and equity real estate investment trust which operates nationwide.
 TRANSCONTINENTAL REALTY INVESTORS, INC.
 FINANCIAL HIGHLIGHTS
 (In thousands, except share and per share data)
 Three months ended Six months ended
 June 30, June 30,
 1992 1991 1992 1991
 Total revenue 6,461 5,871 12,811 13,368
 Net loss $ (3,000) $ (627) $ (2,192) $ (657)
 (Loss) before
 gain (loss) on sale
 of real estate and
 extraordinary gain (2,521) (2,676) (3,580) (2,706)
 Gain (loss) on sale
 of real estate (479) 873 1,338 873
 Extraordinary gain - 1,176 - 1,176
 Income (loss)
 per share $ (0.91) $ (0.21) $ (0.68) $ (0.22)
 Weighted average
 common shares 3,228,591 3,022,266 3,231,512 3,022,438
 -0- 8/21/92
 /CONTACT: Kevin LeBlanc, investor relations, Transcontinental Realty Investors, 214-692-4800/
 (TCI) CO: Transcontinental Realty Investors, Inc. ST: Texas IN: FIN SU: ERN


PS -- NY037 -- 2142 08/21/92 12:28 EDT
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Publication:PR Newswire
Date:Aug 21, 1992
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