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IOR Income Opportunity Realty Investors News Story

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FinancialsBalancedSmall CapTurnaround

Income Opportunity Realty's Q3 net income falls on lower interest income

Overview

Income Opportunity Realty Q3 net income falls to $1.0 mln from $1.2 mln yr/yr

Decrease in net income due to lower interest income

Company reports Q3 operating expenses of $90,000

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

INTEREST INCOME DECLINE - Co attributes decrease in net income to reduced interest income from related parties

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Net Income$1.03 mln
Q3 Operating Expenses$90,000
Q3 Operating Income-$90,000
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 55.4% above its April 8 closing price of $17.40 Press Release: ID:nBwscsFya For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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