secwatch.observer — SEC 8-K summary
======================================

Issuer:     INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ (IOR)
CIK:        0000949961
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001999371-24-009776
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949961/000199937124009776/0001999371-24-009776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949961/000199937124009776/ior-8k_080824.htm
  HTML page:      https://secwatch.observer/filing/0001999371-24-009776

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer