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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Income Opportunity Realty Investments | AMEX:IOR | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.25 | 0 | 01:00:00 |
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
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