Income Opport Stock Price, News & Analysis

Income Opportunity Realty Investors (NYSE American:IOR) has announced its financial results for Q4 2024. The company reported net income of $1.1 million, or $0.27 per diluted share, marking a significant decrease from the $2.5 million, or $0.60 per share, recorded in the same period of 2023. The decline in net income was primarily attributed to reduced interest income, partially offset by an increase in advisory fees.

Transcontinental Realty Investors (NYSE: TCI) has announced the results of its tender offer for Income Opportunity Realty Investors (NYSE American: IOR) shares, which expired on January 29, 2025. The tender offer aimed to purchase up to 100,000 shares at $18 per share in cash.

A total of 21,128 shares were validly tendered and not withdrawn, with 12,751 shares from CEDE and 8,377 shares from holders of record. TCI has decided to purchase all tendered shares, waiving any minimum condition requirement. This acquisition will increase TCI's ownership in IOR by approximately 0.5196%.

Transcontinental Realty Investors (NYSE: TCI) announced preliminary results of its tender offer to purchase up to 100,000 shares of Income Opportunity Realty Investors (NYSE American: IOR) at $18 per share. As of January 15, 2025, approximately 126,915 shares had been tendered, exceeding the initial target by 26%. Of these, 121,358 shares are from CEDE and 5,557 from holders of record.

The tender offer has been extended to January 29, 2025 at 5 PM New York City time. TCI has not yet decided whether to purchase all tendered shares beyond the initial 100,000 target, eliminating the need for pro-ration. Shareholders can withdraw their tendered shares before the expiration time according to the Withdrawal Rights in the Offer to Purchase.

Transcontinental Realty Investors (NYSE: TCI) has announced an extension of its tender offer for Income Opportunity Realty Investors (NYSE American: IOR) shares. The offer deadline has been extended from January 15, 2025, to 5:00 PM New York City time on January 29, 2025.

The tender offer remains at $18 per share, net to the seller in cash without interest and less required withholding taxes. As of January 13, 2025, two IOR stockholders of record had tendered shares, with additional shares validly tendered through CEDE. Shareholders can withdraw their tendered shares before the expiration time following the Withdrawal Rights outlined in the Offer to Purchase.

For additional information, stockholders can contact D.F. King & Co., Inc., the information agent, at (800) 431-9643 or ior@dfking.com. No dealer manager has been appointed for this tender offer, and no soliciting dealer fees will be paid.

Transcontinental Realty Investors (NYSE:TCI) has announced a cash tender offer to purchase up to 100,000 outstanding shares of Income Opportunity Realty Investors (NYSE American:IOR) at $18.00 per share in cash. The offer aims to increase TCI's current ownership stake, which is already over 80% of IOR common stock.

The tender offer begins December 16, 2024, and expires on January 15, 2025, at 5:00 PM New York time, unless extended. The offer's completion requires a minimum tender of 49,353 shares. IOR's Board of Directors, who are also TCI directors, have made no recommendation to shareholders regarding the tender offer. Following the completion, IOR stock will continue to be listed on NYSE American Exchange with no changes to management or operations.

Income Opportunity Realty Investors (NYSE American:IOR) reported financial results for Q3 2024. The company posted net income of $1.2 million, or $0.29 per diluted share, compared to $1.6 million, or $0.39 per share in Q3 2023. The decline in net income was primarily due to decreased interest income, partially offset by lower advisory fees.

Income Opportunity Realty Investors (NYSE American: IOR) has reported its financial results for Q2 2024. The company's net income attributable to common shares decreased to $1.2 million ($0.28 per diluted share), compared to $1.8 million ($0.44 per share) in the same quarter of 2023. This 33.3% decline in net income is primarily due to a decrease in interest income, partially offset by a reduction in advisory fees. The earnings report highlights the challenges faced by IOR in maintaining its profitability levels year-over-year, with a significant drop in earnings per share from $0.44 to $0.28.

Income Opportunity Realty Investors, Inc. (NYSE American: IOR) reported net income attributable to common shares of $1.2 million or $0.29 per diluted share for the quarter ended March 31, 2024, compared to $1.1 million or $0.25 per share for the same period in 2023. The increase in net income was due to a decrease in general, administrative, and advisory costs, partially offset by a decrease in interest income.