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Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended September 30, 2024

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Income Opportunity Realty Investors (NYSE American:IOR) reported financial results for Q3 2024. The company posted net income of $1.2 million, or $0.29 per diluted share, compared to $1.6 million, or $0.39 per share in Q3 2023. The decline in net income was primarily due to decreased interest income, partially offset by lower advisory fees.

Income Opportunity Realty Investors (NYSE American:IOR) ha riportato i risultati finanziari per il terzo trimestre del 2024. L'azienda ha registrato un reddito netto di 1,2 milioni di dollari, ovvero 0,29 dollari per azione diluita, rispetto a 1,6 milioni di dollari, ovvero 0,39 dollari per azione, nel terzo trimestre del 2023. Il calo del reddito netto è stato principalmente dovuto a una diminuzione del reddito da interessi, parzialmente compensata da commissioni di consulenza più basse.

Income Opportunity Realty Investors (NYSE American:IOR) reportó los resultados financieros para el tercer trimestre de 2024. La compañía registró un ingreso neto de 1.2 millones de dólares, o 0.29 dólares por acción diluida, en comparación con 1.6 millones de dólares, o 0.39 dólares por acción, en el tercer trimestre de 2023. La disminución en el ingreso neto se debió principalmente a una reducción en los ingresos por intereses, compensada parcialmente por menores comisiones de asesoría.

Income Opportunity Realty Investors (NYSE American:IOR)는 2024년 3분기 재무 실적을 보고했습니다. 회사는 120만 달러의 순이익, 즉 희석 주당 0.29달러를 기록하였으며, 이는 2023년 3분기 160만 달러, 즉 주당 0.39달러와 비교됩니다. 순이익 감소는 주로 이자 수익 감소에 기인하며, 부분적으로는 낮은 자문 수수료에 의해 상쇄되었습니다.

Income Opportunity Realty Investors (NYSE American:IOR) a publié ses résultats financiers pour le troisième trimestre de 2024. L'entreprise a annoncé un revenu net de 1,2 million de dollars, soit 0,29 dollar par action diluée, contre 1,6 million de dollars, soit 0,39 dollar par action au troisième trimestre de 2023. La baisse du revenu net est principalement due à une diminution des revenus d'intérêts, partiellement compensée par des frais de conseil plus bas.

Income Opportunity Realty Investors (NYSE American:IOR) berichtete über die finanziellen Ergebnisse für das dritte Quartal 2024. Das Unternehmen erzielte einen Nettoertrag von 1,2 Millionen Dollar, oder 0,29 Dollar pro verwässerter Aktie, im Vergleich zu 1,6 Millionen Dollar, oder 0,39 Dollar pro Aktie, im dritten Quartal 2023. Der Rückgang des Nettoertrags war hauptsächlich auf gesunkene Zinserträge zurückzuführen, die teilweise durch niedrigere Beratungsgebühren ausgeglichen wurden.

Positive
  • Reduced advisory fees contributing to cost savings
Negative
  • Net income decreased by 25% from $1.6M to $1.2M year-over-year
  • Earnings per share declined from $0.39 to $0.29
  • Interest income decreased

Insights

The Q3 2024 earnings report shows concerning trends for Income Opportunity Realty Investors. Net income dropped by 25% year-over-year to $1.2 million ($0.29 per share) from $1.6 million ($0.39 per share). The decline was primarily driven by lower interest income, though partially offset by reduced advisory fees. For a small-cap REIT with a market cap of $73.4 million, this 25% earnings decline is significant and suggests potential challenges in their investment portfolio's performance. The reduced interest income could indicate either lower yields on investments or a smaller investment base, both of which warrant investor attention.

DALLAS--(BUSINESS WIRE)-- Income Opportunity Realty Investors, Inc. (NYSE American:IOR) is reporting its results of operations for the quarter ended September 30, 2024. For the three months ended September 30, 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 $1.6 million or $0.39 per share for the same period in 2023. Our decrease in net income is attributable to a decrease in interest income offset in part by a decrease in advisory fees.

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,

2024

 

2023

 

2024

 

2023

 
Revenues:
Other Income

$

-

 

$

-

 

$

-

 

$

-

 

Expenses:
General and administrative

 

71

 

 

91

 

 

230

 

 

385

 

Advisory fee to related party

 

26

 

 

346

 

 

76

 

 

1,045

 

Total operating expenses

 

97

 

 

437

 

 

306

 

 

1,430

 

Net operating loss

 

(97

)

 

(437

)

 

(306

)

 

(1,430

)

Interest income from related parties

 

1,614

 

 

2,516

 

 

4,785

 

 

7,160

 

Income tax provision

 

(319

)

 

(436

)

 

(941

)

 

(1,203

)

Net income

 

1,198

 

 

1,643

 

 

3,538

 

 

4,527

 

 
Earnings per share
Basic and diluted

$

0.29

 

$

0.39

 

$

0.87

 

$

1.09

 

 
Weighted average common shares used in computing earnings per share
Basic and diluted

 

4,070,327

 

 

4,168,414

 

 

4,085,134

 

 

4,168,414

 

 

Income Opportunity Realty Investors, Inc.

Investor Relations

Erik Johnson (469) 522-4200

investor.relations@incomeopp-invest.com

Source: Income Opportunity Realty Investors, Inc.

FAQ

What was Income Opportunity Realty Investors (IOR) earnings per share in Q3 2024?

Income Opportunity Realty Investors reported earnings of $0.29 per diluted share for Q3 2024.

How much did Income Opportunity Realty Investors (IOR) net income change in Q3 2024 vs Q3 2023?

IOR's net income decreased from $1.6 million in Q3 2023 to $1.2 million in Q3 2024.

What factors affected Income Opportunity Realty Investors (IOR) Q3 2024 earnings?

IOR's earnings were negatively affected by decreased interest income, partially offset by lower advisory fees.

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