IOR Q1 net income $1.1M ($0.25/diluted) up from $0.6M ($0.15) YoY

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/

2023-Q1 EPS reported $0.25

Net income attributable to common shares $1.1M ($0.25 per diluted share) vs. $0.6M ($0.15) in Q1 2022.
Increase driven by higher interest income from related parties: $1.866M vs $1.252M on rising rates.
Operating loss widened to $537K from $460K on higher G&A and advisory fees.
No other income; income tax provision $279K vs $166K; weighted shares unchanged at 4,168,414.
Net income increased 68% YoY despite a 17% rise in total operating expenses.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ reported the quarter ended March 31, 2023 results: net income $1.1 million, EPS $0.25 per diluted share.

Period: the quarter ended March 31, 2023
Net income: $1.1 million
EPS: $0.25 per diluted share
Result: reported results

Exact text from the filing

For the three months ended March 31, 2023, we reported net income attributable to common shares of $1.1 million or $0.25 per diluted share compared to a net income of $0.6 million or $0.15 per share for the same period in 2022.

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Source: SEC EDGAR

accession 0001387131-23-006386

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