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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $1.03

Income mln

Q3 $90,000

Operatin

g

Expenses

Q3 -$90,000

Operatin

g Income

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 ( IOR ) is $39.00, about 55.4% above its April 8 closing price of $17.40

Press Release:

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(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.)