Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended March 31, 2025

DALLAS--(BUSINESS WIRE)--May 08, 2025-- 

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 
                                             =========    ========= 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250508080210/en/

 
    CONTACT:    Income Opportunity Realty Investors, Inc. 

Investor Relations

Erik Johnson (469) 522-4200

investor.relations@incomeopp-invest.com

(END) Dow Jones Newswires

May 08, 2025 17:30 ET (21:30 GMT)