IOR reports Q2 net income $1.8M, EPS $0.44, up from $0.20

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/

2023-Q2 EPS reported $0.69

Net income of $1.8M ($0.44 diluted EPS) vs $0.8M ($0.20 EPS) in Q2 2022
Interest income from related parties rose to $2.8M from $1.4M YoY, driving earnings growth
Net operating loss improved to $0.5M from $0.3M, but offset by interest income
Advisory fee to related party increased to $380k from $273k; G&A was $76k vs $68k

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ reported the quarter ended June 30, 2023 results: net income $1.8 million, EPS $0.44 per diluted share.

Period: the quarter ended June 30, 2023
Net income: $1.8 million
EPS: $0.44 per diluted share
Result: reported results

Exact text from the filing

On August 10, 2023, Income Opportunity Realty Investors, Inc. (“IOR” or the “Company”) announced its operational results for the quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0001387131-23-009610

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