Income Opportunity Realty Investors, Inc. reports Earnings for Quarter Ended June 30, 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 June 30, 2024. For the three months ended June 30, 2024, we reported net income attributable to common shares of $1.2 million or $0.28 per diluted share compared to a net income of $1.8 million or $0.44 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 June 30, Six Months Ended June 30,   2024     2023     2024     2023   Revenues: Other Income $ -   $ -   $ -   $ -   Expenses: General and administrative   93     76     159     294   Advisory fee to related party   21     380     50     699   Total operating expenses   114     456     209     993   Net operating loss   (114 )   (456 )   (209 )   (993 ) Interest income from related parties   1,585     2,778     3,171     4,644   Income tax provision   (309 )   (488 )   (622 )   (767 ) Net income   1,162     1,834     2,340     2,884   Earnings per share Basic and diluted $ 0.28   $ 0.44   $ 0.57   $ 0.69   Weighted average common shares used in computing earnings per share Basic and diluted   4,107,131     4,168,414     4,092,618     4,168,414     View source version on businesswire.com: https://www.businesswire.com/news/home/20240808522222/en/

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