Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended March 31, 2025
DALLAS --(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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Income Opportunity Realty Investors, Inc.
Investor Relations
Erik Johnson (469) 522-4200
[email protected]
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