Quarterly ResultMay 7, 2026, 12:31 PM
Income Opportunity Realty Q1 Net Income $1.01M; EPS $0.25
AI Summary
Income Opportunity Realty Investors Inc. reported a slight increase in net income and earnings per share for the first quarter of 2026. Net income rose to $1.01 million, with EPS reaching $0.25. The company's primary income source continues to be interest from related party receivables, which also saw a modest increase. However, cash and cash equivalents significantly decreased, and net cash from operating activities turned negative during the quarter.
Key Highlights
- Net income increased to $1.01 million for Q1 2026, up from $0.99 million in Q1 2025.
- Basic and diluted EPS rose to $0.25 in Q1 2026 from $0.24 in Q1 2025.
- Interest income from related parties increased to $1.38 million in Q1 2026 from $1.35 million in Q1 2025.
- Total assets grew to $126.93 million at March 31, 2026, from $125.92 million at December 31, 2025.
- Net cash used in operating activities was $(0.11) million in Q1 2026, compared to $0.15 million provided in Q1 2025.
- Cash and cash equivalents stood at $0.004 million at March 31, 2026, down from $0.006 million at December 31, 2025.
- The company has 513,003 shares remaining under its stock repurchase program.