DALLAS, May 08, 2025--(BUSINESS WIRE)--Income Opportunity Realty Investors, Inc. (NYSE American: IOR) is reporting its results of operations for the quarter ended March 31, 2025. For the three months ended March 31, 2025, we reported net income attributable to common shares of $1.0 million or $0.24 per diluted share compared to a net income of $1.2 million or $0.29 per share for the same period in 2024. Our decrease in net income is attributable to a decrease in interest income.
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 March 31, | |||||||
2025 | 2024 | ||||||
Revenues: | |||||||
Other income | $ | - | $ | - | |||
Expenses: | |||||||
General and administrative | 68 | 66 | |||||
Advisory fee to related party | 27 | 29 | |||||
Total operating expenses | 95 | 95 | |||||
Net operating loss | (95 | ) | (95 | ) | |||
Interest income from related parties | 1,347 | 1,586 | |||||
Income tax provision | (263 | ) | (313 | ) | |||
Net income | 989 | 1,178 | |||||
Earnings per share | |||||||
Basic and diluted | $ | 0.24 | $ | 0.29 | |||
Weighted average common shares used in computing earnings per share | |||||||
Basic and diluted | 4,066,178 | 4,107,131 | |||||
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Contacts
Income Opportunity Realty Investors, Inc.
Investor Relations
Erik Johnson (469) 522-4200
investor.relations@incomeopp-invest.com