Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended December 31, 2024

About this update from Income Opportunity Realty Investors, Inc.

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/

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