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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