Business
Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended December 31, 2024
Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended December 31,
About this update from Income Opportunity Realty Investors, Inc.
[{"type":"text","content":"\nIncome 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 $0.60 per share for the same period in 2023. Our decrease in net income is attributable to a decrease in interest income, offset in part by an increase in advisory fees.\n\nAbout Income Opportunity Realty Investors, Inc.\nIncome Opportunity Realty Investors, Inc., a Dallas-based real estate investment company, currently holds a portfolio of notes receivable. The Company invests in real estate through direct equity ownership and partnerships. For more information, visit the Company’s website at www.incomeopp-realty.com.\n INCOME OPPORTUNITY REALTY INVESTORS, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(Dollars in thousands, except per share amounts)(Unaudited)\n Three Months Ended December 31,\n \nTwelve Months Ended December 31,\n2024\n \n2023\n \n2024\n \n2023\n Revenues: \nOther income\n\n$\n\n-\n\n \n \n$\n\n-\n\n \n \n$\n\n-\n\n \n \n$\n\n-\n\n \nExpenses: \nGeneral and administrative\n\n \n\n74\n\n \n \n \n\n105\n\n \n \n \n\n304\n\n \n \n \n\n490\n\n \n\nAdvisory fee to related party\n\n \n\n32\n\n \n \n \n\n(75\n\n)\n \n \n\n108\n\n \n \n \n\n970\n\n \n\nTotal operating expenses\n\n \n\n106\n\n \n \n \n\n30\n\n \n \n \n\n412\n\n \n \n \n\n1,460\n\n \n\nNet operating loss\n\n \n\n(106\n\n)\n \n \n\n(30\n\n)\n \n \n\n(412\n\n)\n \n \n\n(1,460\n\n)\n\nInterest income from related parties\n\n \n\n1,514\n\n \n \n \n\n2,910\n\n \n \n \n\n6,299\n\n \n \n \n\n10,070\n\n \n\nIncome tax provision\n\n \n\n(295\n\n)\n \n \n\n(406\n\n)\n \n \n\n(1,236\n\n)\n \n \n\n(1,609\n\n)\n\nNet income\n\n \n\n1,113\n\n \n \n \n\n2,474\n\n \n \n \n\n4,651\n\n \n \n \n\n7,001\n\n \n Ear...