Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended September 30, 2024
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.
- Reduced advisory fees contributing to cost savings
- 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
About Income Opportunity Realty Investors, Inc.
Income Opportunity Realty Investors, Inc., a
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 |
|
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Income Opportunity Realty Investors, Inc.
Investor Relations
Erik Johnson (469) 522-4200
investor.relations@incomeopp-invest.com
Source: Income Opportunity Realty Investors, Inc.
FAQ
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