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)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.