Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended June 30, 2022

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

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220812005386/en/

Income Opportunity Realty Investors, Inc. Investor Relations Erik Johnson [phone] [e-mail]