IOR reports Q3 net income $0.39/share vs $0.29; interest income up 38%

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/

2023-Q3 EPS reported $1.09

Q3 net income $1.6M ($0.39 diluted EPS), up from $1.2M ($0.29) in Q3 2022.
Interest income from related parties rose to $2.5M from $1.8M due to higher rates.
Nine-month net income $4.53M ($1.09 EPS) vs $2.66M ($0.64 EPS) in prior year.
Operating expenses increased to $437K from $397K but net income still improved.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ reported quarter ended September 30, 2023 results: net income $1.6 million, EPS $0.39.

Period: quarter ended September 30, 2023
Net income: $1.6 million
EPS: $0.39
Result: reported results

Exact text from the filing

For the three months ended September 30, 2023, we reported net income attributable to common shares of $1.6 million or $0.39 per diluted share compared to a net income of $1.2 million or $0.29 per share for the same period in 2022.

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Source: SEC EDGAR

accession 0001999371-23-000063

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