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IOR Income Opportunity Realty Investors

Income Opportunity Realty Investors, Inc. engages in investing in real estate and financing real estate and real estate-related activities through investments in mortgage loans. It operates through the Land and Other segments. The Land segment comprises of property subject to a sales contract. The Other segment consists revenue and operating expenses related to the notes receivable and corporate debt. The company was founded on December 14, 1984 and is headquartered in Dallas, TX.

Company profile

Ticker
IOR
Exchange
CEO
Daniel J. Moos
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
752615944

IOR stock data

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Calendar

14 May 21
29 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Financial report summary

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Management Discussion
  • Our primary business is currently investing in mortgage receivables. Our principal source of revenue is interest income generated from notes receivables due from related parties. We also receive interest income from the funds deposited with our Advisor at a rate of prime plus 1%. Our operating expenses consist mainly of general and administration costs related to the Company.
  • We had net income of $1.4 million or $0.32 per diluted share for the three months ended March 31, 2021, compared to net income of $841 thousand or $0.20 per diluted share for the same period ended 2020.
  • General and administrative expenses were $188 thousand for the three months ended March 31, 2021. This represents an increase of $49 thousand, compared to general and administrative expenses of $139 thousand for the three months ended March 31, 2020. This increase was primarily driven by an increase in audit fees of approximately $18 thousand and increase in expense reimbursement to Pillar of approximately $35 thousand.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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