Income Opportunity Realty Investors Announces Quarterly Operational Results-

Income Opportunity Realty Investors, Inc., a real estate investment company based in Dallas, disclosed its operational outcomes for the quarter ending September 30, 2024, in a recent 8-K filing released on November 7, 2024.

The report outlined that for the three-month period ending September 30, 2024, Income Opportunity Realty Investors reported net income attributable to common shares amounting to $1.2 million or $0.29 per diluted share. This marks a decrease from the net income of $1.6 million or $0.39 per share documented during the corresponding period in 2023. The decline in net income has been primarily attributed to a reduction in interest income offset partially by a decrease in advisory fees.

Income Opportunity Realty Investors, Inc. operates by holding a portfolio of notes receivable and engages in real estate investments through direct equity ownership and partnerships. Additional details and financial information can be accessed on the company’s official website at www.incomeopp-realty.com.

The filing also specified that the information contained in the report, including the attached Exhibit “99.1,” should not be considered as being “filed” for purposes governed by Section 18 of the Securities Exchange Act of 1934 unless expressly incorporated by reference in a document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934. The company emphasized that there is no obligation to publicly update or modify the information presented in the 8-K filing.

In the accompanying Exhibit “99.1,” the company provided a press release dated November 7, 2024, elaborating further on its financial performance for the quarter ended September 30, 2024. The press release highlighted the company’s net income figures and factors contributing to the variations observed compared to the previous period.

The 8-K filing, signed by Erik L. Johnson, President, and Chief Executive Officer of Income Opportunity Realty Investors, Inc., concluded the disclosure relating to the company’s financial standing and operational results.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Income Opportunity Realty Investors’s 8K filing here.

Income Opportunity Realty Investors Company Profile

Income Opportunity Realty Investors, Inc, a Dallas-based real estate investment company, currently holds a portfolio of notes receivable. The Company invests in real estate through direct equity ownership and partnerships.