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,
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2025 2024
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Revenues:
Other income $ - $ -
Expenses:
General and administrative 68 66
Advisory fee to related party 27 29
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Total operating expenses 95 95
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Net operating loss (95) (95)
Interest income from related parties 1,347 1,586
Income tax provision (263) (313)
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Net income 989 1,178
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Earnings per share
Basic and diluted $ 0.24 $ 0.29
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Weighted average common shares used in
computing earnings per share
Basic and diluted 4,066,178 4,107,131
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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)