IOR Income Opportunity Realty Investments

Income Opportunity Realty Investors, Inc. (NYSE American:IOR) is reporting its results of operations for the quarter ended September 30, 2022. For the three months ended September 30, 2022 and 2021, we reported net income attributable to common shares of $1.2 million or $0.29 per diluted share compared to a net income of $0.7 million or $0.17 per share for the same period in 2021.

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 September 30,

 

Nine Months Ended September 30,

2022

 

2021

 

2022

 

2021

  Revenues: Other Income

$

-

 

$

-

 

$

-

 

$

-

 

Expenses: General and administrative

 

114

 

 

88

 

 

374

 

 

376

 

Advisory fee to related party

 

283

 

 

257

 

 

824

 

 

849

 

Total operating expenses

 

397

 

 

345

 

 

1,198

 

 

1,225

 

Net operating loss

 

(397

)

 

(345

)

 

(1,198

)

 

(1,225

)

Interest income from related parties

 

1,821

 

 

1,248

 

 

4,506

 

 

3,697

 

Other Income

 

-

 

 

-

 

 

-

 

 

1,179

 

Income tax provision

 

(236

)

 

(191

)

 

(646

)

 

(768

)

Net income applicable to common shares

 

1,188

 

 

712

 

 

2,662

 

 

2,883

 

  Earnings per share Basic and diluted

$

0.29

 

$

0.17

 

$

0.64

 

$

0.69

 

  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

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20221110005106/en/

Income Opportunity Realty Investors, Inc. Investor Relations Erik Johnson (469) 522-4200 Investor.relations@incomeopp-invest.com