secwatch.observer — SEC 8-K summary
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Issuer:     INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ (IOR)
CIK:        0000949961
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001387131-23-006386
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949961/000138713123006386/0001387131-23-006386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949961/000138713123006386/ior-8k_051123.htm
  HTML page:      https://secwatch.observer/filing/0001387131-23-006386

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