Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended March 31, 2024
Income Opportunity Realty Investors, Inc. (NYSE American: IOR) is reporting its results of operations for the quarter ended March 31, 2024. For the three months ended March 31, 2024, we reported net income attributable to common shares of $1.2 million or $0.29 per diluted share compared to a net income of $1.1 million or $0.25 per share for the same period in 2023. Our increase in net income is attributable to a decrease in general, administrative and advisory costs offset in part by a decrease in interest income.
About Income Opportunity Realty Investors, Inc.
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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 March 31, |
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2024 |
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2023 |
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Revenues: | |||||||
Other Income |
$ |
- |
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$ |
- |
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Expenses: | |||||||
General and administrative |
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66 |
|
|
218 |
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Advisory fee to related party |
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29 |
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319 |
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