Income Opportunity Realty Q2 net income down 37% to $1.2M; EPS $0.28 vs $0.44

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/

2024-Q2 EPS reported $0.57

Net income of $1.2M ($0.28/diluted share) vs $1.8M ($0.44) in Q2 2023, driven by lower interest income.
Interest income from related parties fell to $1.585M from $2.778M YoY.
General and administrative expenses rose to $93k from $76k; advisory fees dropped sharply to $21k from $380k.
Six-month net income $2.34M ($0.57) vs $2.88M ($0.69) prior year.
Company holds a portfolio of notes receivable; no guidance or dividend changes announced.

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