Income Opportunity Realty Q2 net income falls on lower interest income
IOR•Outlook
- Company did not provide specific guidance or outlook for future quarters or the full year
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Net Income | $705,000 | ||
| Q2 Operating Expenses | $97,000 | ||
| Q2 Operating Income | -$97,000 |
Analyst coverage
- The one available analyst rating on the shares is "hold"
- The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
- Wall Street's median 12-month price target for Income Opportunity Realty Investors Inc is $39.00, about 96.6% above its August 5 closing price of $19.84
Q2 net income falls on lower interest income
- US real estate investor's Q2 net income declined yr/yr due to lower interest income
- Operating expenses for Q2 were unchanged from a year earlier
Company press release: ID:nBwbFQrRGa
