Income Opportunity Realty Investors Q3 net income falls on lower interest income
IOR•Income Opportunity Realty Investors reported third-quarter net income of $878,000, down slightly year over year due to lower interest income from related parties. Operating expenses were $87,000, and the company reported no operating revenue.
1. Quarterly results
Income Opportunity Realty Investors’ third-quarter net income declined slightly year over year to $878,000, which the company attributed to lower interest income from related parties. Operating expenses were $87,000, nearly unchanged from the prior year, while operating income was a loss of $87,000.
