Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended March 31, 2022
Financial Results
Net income attributable to common shares decreased
About
CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||
(Dollars in thousands, except per share amounts) | ||||||||
(Unaudited) |
||||||||
Three Months Ended |
||||||||
|
||||||||
2022 |
|
2021 |
||||||
Revenues: | ||||||||
Other Income | $ |
- |
|
$ |
- |
|
||
Expenses: | ||||||||
General and administrative |
|
192 |
|
|
188 |
|
||
Advisory fee to related party |
|
268 |
|
|
336 |
|
||
Total operating expenses |
|
460 |
|
|
524 |
|
||
Net operating loss |
|
(460 |
) |
|
(524 |
) |
||
Interest income from related parties |
|
1,252 |
|
|
1,218 |
|
||
Other Income |
|
- |
|
|
1,017 |
|
||
Income tax provision |
|
(166 |
) |
|
(359 |
) |
||
Net income applicable to common shares |
|
626 |
|
|
1,352 |
|
||
Earnings per share | ||||||||
Basic and diluted | $ |
0.15 |
|
$ |
0.32 |
|
||
Weighted average common shares used in computing earnings per share | ||||||||
Basic and diluted |
|
4,168,414 |
|
|
4,168,414 |
|
||
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Investor Relations
investor.relations@incomeopp-realty.com
Source: