IOR Income Opportunity Realty Investments

Income Opportunity Realty Investors, Inc. (NYSE American:IOR) is reporting its results of operations for the quarter ended September 30, 2024. For the three months ended September 30, 2024, we reported net income attributable to common shares of $1.2 million or $0.29 per diluted share compared to a net income of $1.6 million or $0.39 per share for the same period in 2023. Our decrease in net income is attributable to a decrease in interest income offset in part by a decrease in advisory fees.

About Income Opportunity Realty Investors, Inc.

Income Opportunity Realty Investors, Inc., a Dallas-based real estate investment company, currently holds a portfolio of notes receivable. The Company invests in real estate through direct equity ownership and partnerships. For more information, visit the Company’s website at www.incomeopp-realty.com.

INCOME OPPORTUNITY REALTY INVESTORS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in thousands, except per share amounts) (Unaudited)  

Three Months Ended

September 30,

 

Nine Months Ended

September 30,

2024

 

2023

 

2024

 

2023

  Revenues: Other Income

$

-

 

$

-

 

$

-

 

$

-

 

Expenses: General and administrative

 

71

 

 

91

 

 

230

 

 

385

 

Advisory fee to related party

 

26

 

 

346

 

 

76

 

 

1,045

 

Total operating expenses

 

97

 

 

437

 

 

306

 

 

1,430

 

Net operating loss

 

(97

)

 

(437

)

 

(306

)

 

(1,430

)

Interest income from related parties

 

1,614

 

 

2,516

 

 

4,785

 

 

7,160

 

Income tax provision

 

(319

)

 

(436

)

 

(941

)

 

(1,203

)

Net income

 

1,198

 

 

1,643

 

 

3,538

 

 

4,527

 

  Earnings per share Basic and diluted

$

0.29

 

$

0.39

 

$

0.87

 

$

1.09

 

  Weighted average common shares used in computing earnings per share Basic and diluted

 

4,070,327

 

 

4,168,414

 

 

4,085,134

 

 

4,168,414

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20241107595968/en/

Income Opportunity Realty Investors, Inc. Investor Relations Erik Johnson (469) 522-4200 investor.relations@incomeopp-invest.com