INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ — fact timeline

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ reported the quarter ended March 31, 2026 results: net income $1.0 million, EPS $0.25 per diluted share.

“is reporting its results of operations for the quarter ended March 31, 2026. For the three months ended March 31, 2026, we reported net income attributable to common shares of $1.0 million or $0.25 per diluted share compared to a net income of $1.0 million or $0.24 per share for the same period in 2025. The slight increase in net income is attributable to”

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ reported the quarter ended December 31, 2025 results: net income $1.0 million, EPS $0.25 per diluted share.

“For the three months ended December 31, 2025, we reported net income attributable to common shares of $1.0 million or $0.25 per diluted share compared to a net income of $1.1 million or $0.27 per share for the same period in 2024.”

Erik L. Johnson was appointed as President and Chief Executive Officer at INCOME OPPORTUNITY REALTY INVESTORS INC /TX/.

“Effective May 28, 2024, the Board of Directors of Income Opportunity Realty Investors, Inc. (the “ Company ” or the “ Issuer ” or “ IOR ”) appointed Erik L. Johnson, age 56, President and Chief Executive Officer of the Company.”

Bradley J. Muth resigned as President and Chief Executive Officer at INCOME OPPORTUNITY REALTY INVESTORS INC /TX/.

“the April 14, 2023 resignation of Bradley J. Muth, age 68, from the offices of President and Chief Executive Officer.”

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ reported the quarter ended March 31, 2024 results: net income $1.2 million, EPS $0.29 per diluted share.

“For the three months ended March 31, 2024, we reported net income attributable to common shares of $1.2 million or $0.29 per diluted share compared to a net income of $1.1 million or $0.25 per share for the same period in 2023.”

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ reported quarter ended December 31, 2023 results: net income $2.5 million, EPS $0.60 per diluted share.

“Income Opportunity Realty Investors, Inc. reports Earnings for Quarter Ended December 31, 2023”

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ engaged Farmer Fuqua & Huff P.C. as its auditor.

“ngaged the Plano, Texas firm of Farmer Fuqua & Huff P.C. as the Independent Registered Public Accountant to audit the IOR’s financial statements for the fiscal year ending December 31, 2023 and any interim periods. During the Registrant’s two most recent fiscal years and any subsequent interim period, the IOR did not consult with a Farmer Fuguq & Huff P.C. or any of its members about the application of accounting principles to any specified transaction or any other matter. The decision to engage new accountants was approved by the Audit Committee of the Board of Directors of IOR consisting of Messrs. Ted R. Munselle (Chairman), Robert A. Jakuszewski and Fernando Victor Lara Celis. The engagement effective January 4, 2024 of Farmer Fuqua & Huff P.C.”

Swalm & Associates P. C. resigned as auditor of INCOME OPPORTUNITY REALTY INVESTORS INC /TX/.

“, 2024, Swalm & Associates P. C. (“Swalm”) notified the Audit Committee Chairman and the Chief Financial Officer of Income Opportunity Realty Investors, Inc. (the “Company” or the “Issuer” or “IOR”) that effective immediately Swalm was ceasing its services as independent registered public accountants for IOR, a decision due to the upcoming retirement of the principal of Swalm, Edward S. Swalm, CPA. The notice has the effect of a resignation and advises that Swalm will cooperate with IOR’s”

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ shareholders rejected Stockholder proposal to initiate winding up and liquidation of the Issues at the 2023-12-13 meeting.

“The fourth matter presented at the Annual Meeting was a Stockholder proposal to initiate winding up and liquidation of the Issues which failed by a vote of 153,414 votes FOR (only 3.68%), 3,698,987 votes AGAINST (over 96%), with 12,304 votes ABSTAINED.”

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ shareholders approved Proposal to amend Article TENTH, Subpart C of the Articles of Incorporation. at the 2023-12-13 meeting.

“The third matter presented to the Annual Meeting was the approval of a proposal to amend Article TENTH, Subpart C of the Articles of Incorporation, which was approved by a vote of 3,747,330 votes cst FOR, 97,178 votes were cast AGAINST and 20,194 votes ABSTAINED. There were no broker non-votes.”

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ shareholders approved Ratification of the appointment of Swalm & Associates, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2023, and any interim period. at the 2023-12-13 meeting.

“A total of 3,793,377 votes were cast FOR, 59,316 votes were cast AGAINST, and 12,012 votes ABSTAINED from voting with respect to such proposal. There were no broker non-votes.”

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ shareholders approved Election of Directors at the 2023-12-13 meeting.

“the following named persons received the number of votes cast for, against or withheld, as well as the number of abstention and broker non-votes: Nominee Name No. of Votes For Of Shares Voted, % For No. of Votes Withheld No. of Votes Abstained Broker Non- Votes Henry A. Butler 3,752,954 90.03% 111,751 - -0- Robert A. Jakuszewski 3,751,115 89.99% 113,590 - -0- Ted R. Munselle 3,740,167 89.73% 124,538 - -0- Fernando Victor Lara Celis 3,751,205 89.99% 113,500 - -0- All of the nominees named above, each of which is currently a director of the Registrant, were elected at such Annual Meeting.”

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

“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.”

Fernando Victor Lara Celis was appointed as Director at INCOME OPPORTUNITY REALTY INVESTORS INC /TX/.

“On October 10, 2023, the Board of Directors of IOR selected Fernando Victor Lara Celis, age 57, as a director effective October 11, 2023, to fill a vacancy on the Board of Directors created by the resignation of Raymond D. Roberts, Sr.”

Raymond D. Roberts, Sr. resigned as Director at INCOME OPPORTUNITY REALTY INVESTORS INC /TX/.

“On October 10, 2023, Raymond D. Roberts, Sr. resigned as a director and from all Board Committees of Income Opportunity Realty Investors, Inc.”

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.

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

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ reported the quarter ended March 31, 2023 results: net income $1.1 million, EPS $0.25 per diluted share.

“For the three months ended March 31, 2023, we reported net income attributable to common shares of $1.1 million or $0.25 per diluted share compared to a net income of $0.6 million or $0.15 per share for the same period in 2022.”

Bradley J. Muth resigned as President and Chief Executive Officer at INCOME OPPORTUNITY REALTY INVESTORS INC /TX/.

“Effective April 14, 2023, Bradley J. Muth age 63, President and Chief Executive Officer since December 16, 2021 of American Realty Investors, Inc. (the “ Company ” or the “ Issuer ”) ceased to be and resigned as President and Chief Executive Officer as well as all positions with any subsidiary entities.”

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ reported the quarter ended December 31, 2022 results: net income $1.3 million, EPS $0.30 per diluted share.

“For the three months ended December 31, 2022, we reported net income attributable to common shares of $1.3 million or $0.30 per diluted share compared to a net income of $0.7 million or $0.17 per share for the same period in 2021.”

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ shareholders approved Ratification of Swalm & Associates, P.C. as independent registered public accounting firm at the 2022-12-07 meeting.

“The only other matter presented at the Annual Meeting was the ratification of the appointment of Swalm & Associates, P.C. as the independent registered public accounting firm for the Registrant for the fiscal year ending December 31, 2022, and any interim period. A total of 3,882,957 votes were cast FOR, 79,987 votes were cast AGAINST, and 9,468 votes ABSTAINED from voting with respect to such proposal. There were no broker non-votes.”

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ shareholders approved Election of Directors at the 2022-12-07 meeting.

“At the Annual Meeting, which involved the election of directors, the following named persons received the number of votes cast for, against or withheld, as well as the number of abstention and broker non-votes: Name No. of Votes For Of Shares Voted, % For No. of Votes Withheld No. of Votes Abstained Broker Non- Votes Henry A. Butler 3,689,561 92.79% 109,632 - 173,219 Robert A. Jakuszewski 3,676,987 92.47% 122,206 - 173,219 Ted R. Munselle 3,687,808 92.74% 144,385 - 173,219 Raymond D. Roberts, Sr. 3,685,611 92.69% 113,582 - 173,219”

INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ reported the quarter ended September 30, 2022 results: net income $1.2 million, EPS $0.29 per diluted share.

“For the three months ended September 30, 2022, we reported net income attributable to common shares of $1.2 million or $0.29 per diluted share compared to a net income of $0.7 million or $0.17 per share for the same period in 2021.”

Erik L. Johnson was appointed as Executive Vice President and Chief Financial Officer at INCOME OPPORTUNITY REALTY INVESTORS INC /TX/.

“Also as of December 16, 2021, the Board of Directors of the Company appointed Erik L. Johnson, age 53, Executive Vice President and Chief Financial Officer of the Company.”

Bradley J. Muth was appointed as President and Chief Executive Officer at INCOME OPPORTUNITY REALTY INVESTORS INC /TX/.

“Effective as of December 16, 2021, the Board of Directors of Income Opportunity Realty Investors, Inc. (the “ Company ” or the “ Issuer ” or “ IOR ”) appointed Bradley J. Muth, age 61, President and Chief Executive Officer of the Company.”