Income Opportunity Realty Investors, Inc. reports Earnings for Quarter Ended September 30, 2022
About
CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||
(Dollars in thousands, except per share amounts) | ||||||||||||||||
(Unaudited) | ||||||||||||||||
Three Months Ended
|
|
Nine Months Ended
|
||||||||||||||
2022 |
|
2021 |
|
2022 |
|
2021 |
||||||||||
Revenues: | ||||||||||||||||
Other Income | $ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
||||
Expenses: | ||||||||||||||||
General and administrative |
|
114 |
|
|
88 |
|
|
374 |
|
|
376 |
|
||||
Advisory fee to related party |
|
283 |
|
|
257 |
|
|
824 |
|
|
849 |
|
||||
Total operating expenses |
|
397 |
|
|
345 |
|
|
1,198 |
|
|
1,225 |
|
||||
Net operating loss |
|
(397 |
) |
|
(345 |
) |
|
(1,198 |
) |
|
(1,225 |
) |
||||
Interest income from related parties |
|
1,821 |
|
|
1,248 |
|
|
4,506 |
|
|
3,697 |
|
||||
Other Income |
|
- |
|
|
- |
|
|
- |
|
|
1,179 |
|
||||
Income tax provision |
|
(236 |
) |
|
(191 |
) |
|
(646 |
) |
|
(768 |
) |
||||
Net income applicable to common shares |
|
1,188 |
|
|
712 |
|
|
2,662 |
|
|
2,883 |
|
||||
Earnings per share | ||||||||||||||||
Basic and diluted | $ |
0.29 |
|
$ |
0.17 |
|
$ |
0.64 |
|
$ |
0.69 |
|
||||
Weighted average common shares used in computing earnings per share | ||||||||||||||||
Basic and diluted |
|
4,168,414 |
|
|
4,168,414 |
|
|
4,168,414 |
|
|
4,168,414 |
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20221110005106/en/
Investor Relations
Investor.relations@incomeopp-invest.com
Source: