Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended June 30, 2022
August 12 2022 - 3:30PM
Business Wire
Income Opportunity Realty Investors, Inc. (NYSE: American IOR)
is reporting its results of operations for the quarter ended June
30, 2022. For the three months ended June 30, 2022 and 2021, we
reported net income attributable to common shares of $0.8 million
or $0.20 per diluted share.
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 June
30,
Six Months Ended June
30,
2022
2021
2022
2021
Revenues: Other Income
$
-
$
-
$
-
$
-
Expenses: General and administrative
68
100
260
288
Advisory fee to related party
273
256
541
592
Total operating expenses
341
356
801
880
Net operating loss
(341
)
(356
)
(801
)
(880
)
Interest income from related parties
1,433
1,231
2,685
2,449
Other Income
-
162
-
1,179
Income tax provision
(244
)
(218
)
(410
)
(577
)
Net income applicable to common shares
848
819
1,474
2,171
Earnings per share Basic and diluted
$
0.20
$
0.20
$
0.35
$
0.52
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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version on businesswire.com: https://www.businesswire.com/news/home/20220812005386/en/
Income Opportunity Realty Investors, Inc. Investor Relations
Erik Johnson (469) 522-4200
Investor.relations@incomeopp-invest.com
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