IOR Income Opportunity Realty Investments

Income Opportunity Realty Investors, Inc. (NYSE American “IOR”) is reporting its results of operations for the quarter ended December 31, 2021. For the three months ended December 31, 2021, we reported net income attributable to common shares of $0.7 million or $0.17 per diluted share, compared to $1.3 million or $0.32 per diluted share for the same period in 2020.

Financial Results

Net income attributable to common shares decreased $0.6 million from $1.3 million for the three months ended December 31, 2020 to $0.7 million for the three months ended December 31, 2021. The decrease in net income is primarily attributed to a tax credit received in the prior year.

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) Three Months EndedDecember 31, Twelve Months EndedDecember 31,

 

2021

 

 

2020

 

 

2021

 

 

2020

 

  Revenues: Other Income

$

-

 

$

-

 

$

-

 

$

-

 

Expenses: General and administrative

 

94

 

 

89

 

 

470

 

 

450

 

Advisory fee to related party

 

259

 

 

316

 

 

1,108

 

 

1,139

 

Total operating expenses

 

353

 

 

405

 

 

1,578

 

 

1,589

 

Net operating loss

 

(353

)

 

(405

)

 

(1,578

)

 

(1,589

)

Interest income from related parties

 

1,256

 

 

1,302

 

 

4,953

 

 

5,373

 

Other Income

 

-

 

 

808

 

 

1,179

 

 

1,550

 

Income tax provision

 

(188

)

 

(358

)

 

(956

)

 

(1,120

)

Net income applicable to common shares

 

715

 

 

1,347

 

 

3,598

 

 

4,214

 

  Earnings per share - basic and diluted Basic and diluted

$

0.17

 

$

0.32

 

$

0.86

 

$

1.01

 

  Weighted average common shares used in computing earnings per share Basic and diluted

 

4,168,414

 

 

4,168,414

 

 

4,168,414

 

 

4,168,414

 

 

 

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Income Opportunity Realty Investors, Inc. Investor Relations Erik Johnson (800) 400-6407 investor.relations@incomeopp-realty.com