IOR - Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended December 31, 2024
Income Opportunity Realty Investors, Inc. (NYSE American:IOR) is reporting its results of operations for the quarter ended December 31, 2024. For the three months ended December 31, 2024, we reported net income attributable to common shares of $1.1 million or $0.27 per diluted share compared to a net income of $2.5 million or $0.60 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 an increase 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 December 31, |
Twelve Months Ended December 31, |
2024 |
2023 |
2024 |
2023 |
| Revenues: |
Other income |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
| Expenses: |
General and administrative |
74 |
105 |
304 |
490 |
Advisory fee to related party |
32 |
(75 |
) |
108 |
970 |
Total operating expenses |
106 |
30 |
412 |
1,460 |
Net operating loss |
(106 |
) |
(30 |
) |
(412 |
) |
(1,460 |
) |
Interest income from related parties |
1,514 |
2,910 |
6,299 |
10,070 |
Income tax provision |
(295 |
) |
(406 |
) |
(1,236 |
) |
(1,609 |
) |
Net income |
1,113 |
2,474 |
4,651 |
7,001 |
| Earnings per share |
Basic and diluted |
$ |
0.27 |
$ |
0.60 |
$ |
1.14 |
$ |
1.68 |
| Weighted average common shares used in computing earnings per share |
Basic and diluted |
4,070,327 |
4,145,016 |
4,080,369 |
4,162,516 |
View source version on businesswire.com: https://www.businesswire.com/news/home/20250320262093/en/
Income Opportunity Realty Investors, Inc.
Investor Relations
Erik Johnson (469) 522-4200
investor.relations@incomeopp-invest.com