Income Opport SEC Filings

Income Opportunity Realty Investors, Inc. is the subject of an updated ownership report by Transcontinental Realty Investors, Inc. (TCI) and Realty Advisors, Inc. (RAI). The amendment reflects TCI’s open‑market purchases of additional shares following its earlier acquisition of 21,678 shares through a limited tender offer that concluded on January 29, 2025.

Based on information as of October 30, 2025, the total issued and outstanding common shares are believed to be 4,066,178. TCI holds 3,437,909 shares, or 84.5489% of the outstanding stock, and RAI holds 269,299 shares, or 6.6229%. Many of these shares are held in bank and brokerage accounts and some are pledged as collateral, but the arrangements are described as standard and not giving other parties immediate voting or disposition power. The reporting entities state they have no present plans for major corporate actions, though they may buy or sell additional shares if opportunities arise at attractive prices.

Income Opportunity Realty Investors, Inc. held its annual meeting of stockholders on December 10, 2025. Of 4,066,178 common shares outstanding as of the October 30 record date, proxies representing 4,026,211 shares, or 96.59% of the outstanding, were present, establishing a strong quorum.

Stockholders elected incumbent directors Henry A. Butler, Fernando Victor Lara Celis, Robert A. Jakuszewski and Ted R. Munselle, with each nominee receiving about 92% of votes cast. They also ratified the appointment of Farmer, Fuqua & Huff, P.C. as independent registered public accounting firm for the fiscal year ending December 31, 2025, with 3,949,721 votes for, 13,945 against and 62,545 abstentions and no broker non-votes. At a board meeting on December 11, Henry A. Butler was re-elected Chairman and Ted Munselle was re-appointed Presiding Director.

Income Opportunity Realty Investors, Inc. (IOR) reported insider open-market purchases of its common stock by a reporting person. The insider bought small blocks of shares on several dates, including November 6 and December 1–4 and 8, 2025, at prices of about $17.80–$17.85 per share, coded as open-market purchases. Following these transactions, the insider beneficially owned 3,437,909 shares of IOR common stock directly. The filing reflects continued accumulation rather than sales, which can signal confidence from a major holder.

Transcontinental Realty Investors, Inc., a more than 10% owner of Income Opportunity Realty Investors Inc. (IOR), reported a series of open market purchases of IOR common stock. On multiple dates in October 2025, it bought small blocks of shares at prices between $17.75 and $17.80 per share, including 11 shares on October 2, 150 shares on October 7, 2 shares on October 22, 173 shares on October 28, 3 shares on October 29, and 41 shares on October 31. Following these transactions, Transcontinental Realty Investors, Inc. beneficially owned 3,435,473 IOR common shares, held directly.

Income Opportunity Realty Investors (IOR) reported Q3 2025 results. Net income was $1.03 million with EPS of $0.25, compared with $1.20 million and $0.29 a year ago. Interest income from related parties was $1.40 million versus $1.61 million last year, while operating expenses remained modest (G&A $63 thousand, advisory fee $27 thousand). For the first nine months, net income totaled $3.01 million and EPS $0.74 (vs. $3.54 million and $0.87).

The balance sheet remains simple and equity-heavy: total assets were $124.9 million, largely $113.7 million in receivables from related parties and $11.1 million in related-party notes; cash was $6 thousand. Shareholders’ equity was $124.9 million. The company has an authorized repurchase program for 1,650,000 shares; 1,136,997 have been bought to date and 513,003 may still be purchased. As of November 6, 2025, 4,066,178 common shares were outstanding.

Income Opportunity Realty Investors, Inc. (IOR) will hold its Annual Meeting on December 10, 2025, in Dallas, to elect four directors and ratify the selection of the independent registered public accounting firm, along with any other proper business.

Stockholders of record as of October 30, 2025 may vote; 4,066,178 shares were outstanding on that date, each entitled to one vote. A quorum requires the presence (in person or by proxy) of at least 2,033,090 votes. Directors are elected by a plurality of votes cast, while auditor ratification requires a majority of shares represented and entitled to vote.

One entity held approximately 84.5% of outstanding shares as of the record date and has advised it intends to vote in favor of both proposals. The Board recommends voting FOR the director slate and FOR auditor ratification. The Audit Committee reported meeting five times in 2024; audit fees were $55,200 in 2024 and $47,750 in 2023.

Income Opportunity Realty Investors (IOR) reported insider open‑market purchases by a 10% owner. On 08/28/2025, 09/09/2025, 09/10/2025, 09/12/2025, and 09/15/2025, the reporting person bought small blocks of Common Stock, $0.01 par at $17.90 and $17.75 per share (Form 4 code P). Individual trades included 1, 2, 262, 52, and 262 shares, respectively. Following these transactions, the filer reported 3,436,093 shares beneficially owned, held directly.