Income Opportunity Realty Investors, Inc. 8-K
Exhibit 99.1
| NEWS RELEASE | Contact: | |
| Income Opportunity Realty Investors, Inc. Investor Relations | ||
| FOR IMMEDIATE RELEASE | Erik Johnson (469) 522-4200 investor.relations@incomeopp-invest.com |
Income Opportunity Realty Investors, Inc. reports Earnings for Quarter Ended June 30, 2025
DALLAS (August 7, 2025) -- Income Opportunity Realty Investors, Inc. (NYSE American:IOR) is reporting its results of operations for the quarter ended June 30, 2025. For the three months ended June 30, 2025, we reported net income attributable to common shares of $1.0 million or $0.24 per diluted share compared to a net income of $1.2 million or $0.28 per share for the same period in 2024. Our decrease in net income is attributable to a decrease in interest income.
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 June 30, | Six Months Ended June 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Revenues: | ||||||||||||||||
| Other income | $ | — | $ | — | $ | — | $ | — | ||||||||
| Expenses: | ||||||||||||||||
| General and administrative | 74 | 93 | 142 | 159 | ||||||||||||
| Advisory fee to related party | 23 | 21 | 50 | 50 | ||||||||||||
| Total operating expenses | 97 | 114 | 192 | 209 | ||||||||||||
| Net operating loss | (97 | ) | (114 | ) | (192 | ) | (209 | ) | ||||||||
| Interest income from related parties | 1,355 | 1,585 | 2,702 | 3,171 | ||||||||||||
| Income tax provision | (264 | ) | (309 | ) | (527 | ) | (622 | ) | ||||||||
| Net income | $ | 994 | $ | 1,162 | $ | 1,983 | $ | 2,340 | ||||||||
| Earnings per share | ||||||||||||||||
| Basic and diluted | $ | 0.24 | $ | 0.28 | $ | 0.49 | $ | 0.57 | ||||||||
| Weighted average common shares used in computing earnings per share | ||||||||||||||||
| Basic and diluted | 4,066,178 | 4,107,131 | 4,066,178 | 4,092,618 | ||||||||||||