DALLAS–(BUSINESS WIRE)–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 Companyās website at www.incomeopp-realty.com.
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| INCOME OPPORTUNITY REALTY INVESTORS, INC. | |||||||||||||||
| CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||||
| (Dollars in thousands, except per share amounts) | |||||||||||||||
| (Unaudited) | |||||||||||||||
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| Three Months Ended December 31, | Ā |
Twelve Months Ended December 31, |
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2024 |
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2023 |
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2024 |
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2023 |
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| Revenues: | Ā | ||||||||||||||
|
Other income |
$ |
– |
Ā |
Ā |
$ |
– |
Ā |
Ā |
$ |
– |
Ā |
Ā |
$ |
– |
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| Expenses: | Ā | Ā | Ā | ||||||||||||
|
General and administrative |
Ā |
74 |
Ā |
Ā |
Ā |
105 |
Ā |
Ā |
Ā |
304 |
Ā |
Ā |
Ā |
490 |
Ā |
|
Advisory fee to related party |
Ā |
32 |
Ā |
Ā |
Ā |
(75 |
) |
Ā |
Ā |
108 |
Ā |
Ā |
Ā |
970 |
Ā |
|
Total operating expenses |
Ā |
106 |
Ā |
Ā |
Ā |
30 |
Ā |
Ā |
Ā |
412 |
Ā |
Ā |
Ā |
1,460 |
Ā |
|
Net operating loss |
Ā |
(106 |
) |
Ā |
Ā |
(30 |
) |
Ā |
Ā |
(412 |
) |
Ā |
Ā |
(1,460 |
) |
|
Interest income from related parties |
Ā |
1,514 |
Ā |
Ā |
Ā |
2,910 |
Ā |
Ā |
Ā |
6,299 |
Ā |
Ā |
Ā |
10,070 |
Ā |
|
Income tax provision |
Ā |
(295 |
) |
Ā |
Ā |
(406 |
) |
Ā |
Ā |
(1,236 |
) |
Ā |
Ā |
(1,609 |
) |
|
Net income |
Ā |
1,113 |
Ā |
Ā |
Ā |
2,474 |
Ā |
Ā |
Ā |
4,651 |
Ā |
Ā |
Ā |
7,001 |
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| Ā | Ā | Ā | |||||||||||||
| Earnings per share | Ā | Ā | Ā | ||||||||||||
|
Basic and diluted |
$ |
0.27 |
Ā |
Ā |
$ |
0.60 |
Ā |
Ā |
$ |
1.14 |
Ā |
Ā |
$ |
1.68 |
Ā |
| Ā | Ā | Ā | |||||||||||||
| Weighted average common shares used in computing earnings per share | Ā | Ā | Ā | ||||||||||||
|
Basic and diluted |
Ā |
4,070,327 |
Ā |
Ā |
Ā |
4,145,016 |
Ā |
Ā |
Ā |
4,080,369 |
Ā |
Ā |
Ā |
4,162,516 |
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| Ā | Ā | Ā | |||||||||||||
Ā
Contacts
Income Opportunity Realty Investors, Inc.
Investor Relations
Erik Johnson (469) 522-4200
[email protected]
