Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended December 31, 2024

DALLAS--(BUSINESS WIRE)--March 20, 2025-- 

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 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 December     Twelve Months Ended 
                             31,                     December 31, 
                 ---------------------------  -------------------------- 
                      2024          2023         2024          2023 
                 --------------  -----------  -----------  ------------- 
 
Revenues: 
Other income     $        -      $        -   $        -   $        - 
Expenses: 
General and 
 administrative          74             105          304          490 
Advisory fee to 
 related party           32             (75)         108          970 
                  ---------       ---------    ---------    --------- 
   Total 
    operating 
    expenses            106              30          412        1,460 
                  ---------       ---------    ---------    --------- 
   Net 
    operating 
    loss               (106)            (30)        (412)      (1,460) 
   Interest 
    income from 
    related 
    parties           1,514           2,910        6,299       10,070 
   Income tax 
    provision          (295)           (406)      (1,236)      (1,609) 
                  ---------       ---------    ---------    --------- 
   Net income         1,113           2,474        4,651        7,001 
                  =========       =========    =========    ========= 
 
Earnings per 
share 
Basic and 
 diluted         $     0.27      $     0.60   $     1.14   $     1.68 
                  =========       =========    =========    ========= 
 
Weighted 
average common 
shares used in 
computing 
earnings per 
share 
Basic and 
 diluted          4,070,327       4,145,016    4,080,369    4,162,516 
                  =========       =========    =========    ========= 
 
 

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    CONTACT:    Income Opportunity Realty Investors, Inc. 

Investor Relations

Erik Johnson (469) 522-4200

investor.relations@incomeopp-invest.com

(END) Dow Jones Newswires

March 20, 2025 17:30 ET (21:30 GMT)