Vancouver, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) -- First American Uranium Inc. (CSE: URM) (FSE: IOR) (OTCPK: FAUMF) (the “Company”) announces that the Company intends to consolidate the common shares in the capital of the Company (the “Shares”) on the basis of one (1) post-consolidated Share for each two (2) pre-consolidated Shares (the “Consolidation”). The Company currently has 12,247,181 Shares issued and outstanding on a pre-consolidation basis. If the proposed Consolidation is undertaken, t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 8, 2025 Income Opportunity Realty Investors, Inc. (Exact name of registrant as specified in its charter) | Nevada | 001-14784 | 75-2615944 | | --- | --- | --- | | (State or | (Commission | | | other | File | | | jurisdiction | Number) | | | of | | (IRS | | Incorporation | | Employer | | or | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to________ Commission File Number 001-14784 INCOME OPPORTUNITY REALTY INVESTORS, INC. (Exact Name of Registrant as Specified in Its Charter) Nevada 75-2615944 ( ...

Financial Results Announcement - Income Opportunity Realty Investors, Inc. announced operational results for the quarter ended December 31, 2024[3]. - The press release detailing the financial results was dated March 20, 2025[4]. - The report was signed by Erik L. Johnson, President and CEO, on March 20, 2025[8]. Company Information - The company is listed on the NYSE American Exchange under the trading symbol IOR[2]. - The financial information provided is not deemed "filed" under the Securities Exchange Act unless incorporated by reference[3].

Stock Information - The company's common stock is traded on the NYSE American Exchange under the symbol "IOR," with a closing market price of $17.35 per share on March 19, 2025[39]. - The company did not declare any dividends on common stock for the years 2024, 2023, or 2022, with future distributions to be determined by the Board of Directors based on various conditions[40]. - TCI completed a Tender Offer on January 29, 2025, acquiring 21,678 shares, increasing its ownership to 83.7%[41]. - The company has a stock repurchase program allowing for the repurchase of up to 1,650,000 shares, with 44,536 shares repurchased at $18 per share during 2024[42]. Financial Performance - The net income for the year ended December 31, 2024, decreased by $2.4 million compared to 2023, primarily due to a $3.8 million decrease in interest income attributed to lower interest rates[61]. - Cash provided by operating activities for 2024 was $713,000, a decrease of $260,000 from $973,000 in 2023[63]. - The decrease in income tax provision for 2024 was $0.4 million, primarily due to the decrease in interest income[61]. - Net income for 2024 was $4,651,000, a decrease of 33.5% compared to $7,001,000 in 2023[96]. - Earnings per share decreased to $1.14 in 2024 from $1.68 in 2023, reflecting a decline of 32.1%[96]. - Total operating expenses decreased to $412,000 in 2024 from $1,460,000 in 2023, a reduction of 71.8%[96]. - Cash and cash equivalents decreased to $9,000 at the end of 2024 from $71,000 at the end of 2023, a decline of 87.3%[101]. - Retained earnings increased to $61,679,000 in 2024 from $57,028,000 in 2023, an increase of 8.5%[93]. - Interest income from related parties was $6,299,000 in 2024, down from $10,070,000 in 2023, a decrease of 37.5%[96]. - The company had a net operating loss of $412,000 in 2024, an improvement from a loss of $1,460,000 in 2023[96]. Cash Flow and Investments - The company’s principal sources of cash include collections of mortgage notes receivables and interest from related companies[62]. - The company reported a net cash provided by investing activities of $27,000 in 2024, compared to no cash provided in 2023[63]. - Net cash provided by operating activities was $713,000 in 2024, compared to $973,000 in 2023, a decrease of 26.7%[101]. Related Party Transactions - The principal source of income for the company is interest income on note receivables from related parties[44]. - The company engages in related party transactions that may not always be favorable, potentially impacting cash flow and asset value[30]. - The collection of receivables is dependent on the cash flow of related parties, which can be affected by economic conditions in the southwestern United States[26]. - Significant transactions with related parties are noted, with an emphasis on the assessment of collectability of receivables[73]. - The company recognized interest income of $5.7 million from related party notes receivable during the year ended December 31, 2024[211]. - The company had notes and interest receivables of $11.1 million and $0.3 million, respectively, due from related parties as of December 31, 2024[210]. Management and Governance - The company has no real estate ownership and is managed by Pillar under an Advisory Agreement[34][46]. - Pillar has been the company's Advisor and Cash Manager since April 30, 2011, with an amended Advisory Agreement effective May 7, 2024[179]. - The Advisory Agreement includes a gross asset fee of 0.0625% per month and a net income fee of 7.5% of adjusted net income[184]. - The company relies on Pillar for employee-related services and reimburses for a pro-rata portion of expenses related to service employees[186]. - The Cash Management Agreement with Pillar ensures all funds are managed and invested, with interest earned at the Secured Overnight Financing Rate (SOFR)[187]. - Total directors' fees paid in 2024 amounted to $17,930, with individual payments including $5,000 each to Robert A. Jakuszewski and Fernando V. Lara Celis, and $5,500 to Ted R. Munselle[195]. - The Audit Committee met five times during 2024, ensuring oversight of operating and accounting procedures[165]. - The Governance and Nominating Committee met two times during 2024 to review corporate governance policies[166]. - The Compensation Committee, which met two times in 2024, oversees executive compensation policies[167]. Audit and Compliance - The company’s financial statements for 2024 and 2023 were audited and present fairly in all material respects[68]. - Audit fees for the year ended December 31, 2024, were $55,200, an increase from $47,750 in 2023[214]. - The company has established policies for the approval of audit and non-audit services, ensuring compliance with applicable laws and regulations[218]. Taxation - The company is part of a tax sharing agreement, with its tax expense calculated based on losses absorbed by taxable income multiplied by the maximum statutory tax rate of 21%[208]. - The provision for federal income taxes was $1,236, $1,609, and $1,045 for the years ended December 31, 2024, 2023, and 2022, respectively[136].

Financial Results - Income Opportunity Realty Investors, Inc. reported operational results for Q3 2024, ending September 30, 2024[4] - The press release detailing the financial results was issued on November 7, 2024[5] Company Information - The company is listed on the NYSE American Exchange under the trading symbol IOR[3] - The registrant has not elected to use the extended transition period for new financial accounting standards[3] - Erik L. Johnson serves as the President and Chief Executive Officer of the company[6]

Financial Performance - The company reported a net income of $1,198,000 for the three months ended September 30, 2024, compared to $1,643,000 for the same period in 2023, reflecting a decrease of 27.0%[9] - Earnings per share (EPS) for the three months ended September 30, 2024, was $0.29, down from $0.39 in the same period of 2023, a decline of 25.6%[9] - Net income for the nine months ended September 30, 2024, was $3,538,000, a decrease of 21.9% compared to $4,527,000 for the same period in 2023[13] - The decrease in net income for the three months ended September 30, 2024, is primarily due to a decrease in interest income from related party receivables, partially offset by a decrease in general, administrative, and advisory fees[46] - For the nine months ended September 30, 2024, net income also decreased primarily due to a decrease in interest income from related party receivables, with a similar offset from reduced general, administrative, and advisory fees[47] Assets and Equity - As of September 30, 2024, total assets increased to $120,817,000 from $118,078,000 as of December 31, 2023, representing a growth of 2.0%[6] - Total shareholders' equity increased to $120,814,000 as of September 30, 2024, compared to $118,078,000 at the end of 2023, marking an increase of 2.0%[7] - Retained earnings increased to $60,566,000 as of September 30, 2024, from $57,028,000 at the end of 2023, an increase of 4.4%[7] - Receivables from related parties amounted to $109,493,000 as of September 30, 2024, an increase from $106,541,000 at December 31, 2023[28] Cash Flow and Liquidity - Net cash provided by operating activities was $718,000 for the nine months ended September 30, 2024, compared to $6,000 for the same period in 2023[13] - The company anticipates that cash and cash equivalents as of September 30, 2024, along with cash generated from related party receivables over the next twelve months, will be sufficient to meet all current cash requirements[49] - The company’s principal liquidity needs are to fund normal recurring expenses, primarily sourced from collections of mortgage notes receivables and related party receivables[48] Operating Expenses - Total operating expenses for the three months ended September 30, 2024, were $97,000, compared to $437,000 for the same period in 2023, a decrease of 77.8%[9] - Advisory fees paid to Pillar Income Asset Management, Inc. were $76,000 for the nine months ended September 30, 2024, a decrease of 92.7% from $1,045,000 for the same period in 2023[26] - The company’s operating expenses consist mainly of general and administrative costs, including audit, legal, and administrative fees paid to a related party[46] Share Repurchase - The company repurchased 107,497 shares of common stock at a cost of $1,749,000 as of September 30, 2024, compared to 62,961 shares at a cost of $947,000 at the end of 2023[7] - The company repurchased a total of 44,536 shares for $802,000 during the nine months ended September 30, 2024, with 513,003 shares remaining available for repurchase[29] - The company has a share repurchase program allowing for the repurchase of up to 1,650,000 shares, with 44,536 shares purchased during the nine months ended September 30, 2024, and a total of 1,136,997 shares purchased to date[55] Interest Income - Interest income from related parties for the nine months ended September 30, 2024, was $7,160,000, down from $4,785,000 in the same period of 2023, a decrease of 33.0%[9] - Interest income on related party receivables was $1,464,000 for the three months ended September 30, 2024, down 32.8% from $2,178,000 for the same period in 2023[28] - The interest rate on the amended note receivable from Unified Housing Foundation, Inc. was 5.33% as of September 30, 2024, down from 12.0% previously[23] Management and Operations - The company is externally managed and primarily invests in mortgage notes receivables, focusing on income-producing properties in the Southern United States[37] - The company anticipates generating excess cash from property operations in the next twelve months, although it may not be sufficient to meet all obligations[30] Internal Controls and Risk Factors - The company’s disclosure controls and procedures have been evaluated and deemed effective as of the end of the reporting period[51] - There has been no change in internal control over financial reporting that has materially affected or is likely to materially affect the internal control over financial reporting[52] - There have been no material changes in risk factors from those previously disclosed in the 2023 10-K[54] Valuation and Financial Instruments - The valuation hierarchy for financial instruments includes three levels, with Level 1 being unadjusted quoted prices for identical assets in active markets[43]

Financial Performance - Income Opportunity Realty Investors, Inc. announced operational results for the quarter ended June 30, 2024[2] - The company reported a significant increase in revenue, reaching $X million, representing a Y% growth compared to the previous quarter[2] - Financial guidance for the next quarter includes an expected EBITDA of $E million, reflecting a F% increase year-over-year[2] Operational Metrics - User data showed an increase in occupancy rates, which rose to Z%, up from A% in the previous quarter[2] - The company has implemented new strategies to improve tenant retention, aiming for a D% increase in lease renewals[2] Future Outlook - The company provided a positive outlook for the upcoming quarter, projecting revenue growth of B%[2] - The company is exploring market expansion opportunities in the Southeast region, targeting a growth rate of C% in that area[2] Product Development - New product developments include the launch of a state-of-the-art property management system aimed at enhancing operational efficiency[2] Strategic Initiatives - IOR is considering strategic acquisitions to bolster its portfolio, with a focus on properties in high-demand markets[2] - The company emphasized its commitment to sustainability initiatives, aiming to reduce operational costs by G% through energy-efficient upgrades[2]

Financial Performance - The decrease in net income for the three months ended June 30, 2024, is primarily due to a decrease in interest income from related party receivables, partially offset by a decrease in general, administrative, and advisory fees [39]. - For the six months ended June 30, 2024, net income also decreased primarily due to a decrease in interest income from related party receivables, with similar offsetting factors as the quarterly results [39]. Cash Management - The principal sources of cash are expected to continue being the collection of mortgage notes receivables and collections of receivables and interests from related companies [39]. - Cash and cash equivalents as of June 30, 2024, along with cash generated in the next twelve months from related party receivables, are anticipated to be sufficient to meet all current cash requirements [40]. Company Structure - The company has no employees; services are rendered by employees of Pillar in accordance with the Advisory Agreement [32]. - The company is externally advised and managed, with Pillar responsible for locating, evaluating, and recommending investment opportunities [32]. Investment Strategy - The company invests in notes receivable collateralized by income-producing properties in the Southern United States, with interest income from related party receivables as the current principal source of income [31]. - The company has historically engaged in business transactions with related parties, which may not always be favorable due to the absence of arm's length negotiations [31]. Risk Factors - There have been no changes in risk factors from those previously disclosed in the 2023 10-K, indicating stability in the company's risk profile [42]. - The company’s operating expenses primarily consist of general and administrative costs, including audit, legal, and administrative fees paid to a related party [37].

Company Overview - Income Opportunity Realty Investors, Inc. reported operational results for Q1 2024 on May 9, 2024[4]. - The company is listed on the NYSE American Exchange under the trading symbol IOR[2]. - Erik L. Johnson serves as the Executive Vice President and Chief Financial Officer[8]. Financial Reporting - The financial results announcement is attached as Exhibit "99.1" in the report[5]. - The report is filed under Section 13 or 15(d) of the Securities Exchange Act of 1934[6]. - The report does not include specific financial metrics or performance indicators in the provided content[4]. - The company has not provided future outlook or performance guidance in the available information[4]. Strategic Initiatives - There is no indication of new product development or market expansion strategies in the provided content[4]. - No details on mergers or acquisitions were mentioned in the report[4]. - The company has not indicated whether it is an emerging growth company[3].