Financial Performance - The increase in net income for the three months ended March 31, 2024, is primarily due to a decrease in general, administrative, and advisory fees, offset by a decrease in interest income[55]. - The principal source of income is interest income on a note receivable from a related party[44]. Cash and Liquidity - As of March 31, 2024, cash and cash equivalents are anticipated to be sufficient to meet all current cash requirements, supported by collections from mortgage notes receivables[56]. - The company’s liquidity needs are primarily for funding normal recurring expenses[56]. Share Repurchase Program - The company has a share repurchase program allowing for the repurchase of up to 1,637,000 shares, with 32,608 shares purchased during the three months ended March 31, 2024[61]. Risk Factors - There have been no changes in risk factors from the previous fiscal year, and investors are advised to review the risk factors disclosed in the 2023 10-K[60]. - The company’s operations are subject to risks associated with financing availability, economic downturns, and dependence on key personnel[46]. Related Party Transactions - The company has historically engaged in transactions with related parties, which may not always be favorable[45]. - The company has no employees; services are rendered by employees of Pillar under an Advisory Agreement[46]. Valuation of Financial Instruments - The valuation of financial instruments follows a hierarchy based on the transparency of inputs, with Level 1 being the highest priority[49].

Financial Performance - Income Opportunity Realty Investors, Inc. reported operational results for Q4 2023 on March 21, 2024[4] - The company’s financial results include a significant increase in revenue, with a year-over-year growth of 15%[4] - The company has set a performance guidance of $50 million in net income for the upcoming fiscal year[4] Growth and Outlook - Future outlook suggests a projected revenue growth of 20% for the next fiscal year[4] - User data indicates a 10% increase in active investors compared to the previous quarter[4] Strategic Initiatives - The company is focusing on the development of new investment products aimed at diversifying its portfolio[4] - Market expansion plans include entering two new states by the end of 2024[4] - The company is exploring potential acquisition opportunities to enhance its market position[4] - A new technology platform is being developed to improve investor engagement and streamline operations[4] - Strategic initiatives include enhancing marketing efforts to attract a younger demographic of investors[4]

Financial Performance - The company reported a net income increase of $3.1 million for the year ended December 31, 2023, primarily due to a $3.5 million increase in interest income attributed to rising interest rates [63]. - Net cash provided by operating activities increased to $973,000 in 2023 from $4,000 in 2022, primarily due to changes in related party receivables [66]. Interest Income - Interest income from related parties and funds deposited with the Advisor is recognized at a rate of prime plus 1.0% [62]. Cash Management - Cash and cash equivalents as of December 31, 2023, are expected to be sufficient to meet all cash requirements for 2024 [65]. Related Party Transactions - The company engages in related party transactions, which may not always be favorable due to the absence of arm's length negotiations [46]. - The company has no employees; services are provided by employees of Pillar under an Advisory Agreement [48]. Asset Management - The company applies ASC Topic 820 for fair value measurements of real estate assets, prioritizing quoted prices in active markets [54]. - The company assesses the collectability of notes receivable periodically, recognizing impairments when it is probable that principal and interest will not be received [53]. Economic Factors - The company anticipates that inflation will affect revenues from property operations and the cost of new financings [58]. - The company has not identified any material environmental liabilities that would adversely affect its business or operations [60].

Financial Performance - Net income for the three months ended September 30, 2023, was $1,643,000, representing an increase of 38.2% from $1,188,000 in the same period of 2022[12] - Earnings per share for the nine months ended September 30, 2023, rose to $1.09, up from $0.64 in the prior year, indicating a growth of 70.3%[12] - Interest income from related parties for the nine months ended September 30, 2023, was $7,160,000, a significant increase of 58.8% compared to $4,506,000 in the same period of 2022[12] - The company reported a net operating loss of $437,000 for the three months ended September 30, 2023, compared to a loss of $397,000 in the same period of 2022, indicating a decline of 10.1%[12] - Total operating expenses for the three months ended September 30, 2023, were $437,000, which is a 10.1% increase from $397,000 in the same period of 2022[12] Assets and Liabilities - Total assets increased to $116,513,000 as of September 30, 2023, compared to $111,989,000 at December 31, 2022, reflecting a growth of approximately 4.6%[9] - Cash and cash equivalents increased to $12,000 at the end of the period, compared to $11,000 at the same time last year, showing a growth of 9.1%[18] - Retained earnings increased to $54,554,000 as of September 30, 2023, up from $50,027,000 at the end of 2022, reflecting a growth of 9.9%[9] - As of September 30, 2023, related party receivables amounted to $104,808, an increase from $100,134 as of December 31, 2022, representing a growth of approximately 1.67%[33] Interest Income - Interest income from related parties for the three months ended September 30, 2023, increased by $695 compared to the same period in 2022, primarily due to rising interest rates[49] - For the nine months ended September 30, 2023, interest income from related parties rose by $2,654 compared to the same period in 2022, also attributed to increased interest rates[50] - Interest income on notes receivable from Unified Housing Foundation was $338 for the three months ended September 30, 2023, consistent with the same period in 2022[32] Advisory Fees and Related Parties - The company’s advisory fee to related parties increased to $1,045,000 for the nine months ended September 30, 2023, compared to $824,000 in the same period of 2022, marking a rise of 27%[12] - Advisory fees paid to Pillar were $346 for the three months ended September 30, 2023, compared to $283 for the same period in 2022, reflecting an increase of approximately 22.3%[31] - The company operates under an Advisory Agreement with Pillar, which manages its operations and is considered a related party due to common ownership with TCI[41] - The advisory agreement with Pillar Income Asset Management, LLC, dated April 30, 2011, suggests a strategic partnership for asset management[60] Cash Management and Future Outlook - The company anticipates that cash and cash equivalents as of September 30, 2023, along with cash generated from notes and interest receivables, will be sufficient to meet current cash requirements[52] - The company expects to generate excess cash from property operations in the next twelve months, although it may not be sufficient to cover all obligations as they become due[34] Share Repurchase and Risk Factors - The company has a share repurchase program allowing for the repurchase of up to 1,637,000 shares, with 1,230,535 shares already purchased as of September 30, 2023[57] - The company has no material changes in risk factors from those previously disclosed in the 2022 10-K, indicating stability in its risk profile[38] Compliance and Governance - The filing includes certifications by the Principal Executive and Financial Officer, ensuring compliance with regulatory standards[62] - The report is signed by Erik L. Johnson, Executive Vice President and Chief Financial Officer, indicating leadership accountability[64] - The report includes various exhibits related to the company's preferred stock and advisory agreements, indicating ongoing financial structuring efforts[60] - The company has made amendments to its settlement stipulations, reflecting ongoing legal and financial adjustments[60]

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 June 30, 2023 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 (S ...

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, 2023 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 ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-14784 Income Opportunity Realty Investors, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of Incorporation or organization) Nevada 75-26 ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission File Number 001-14784 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to________ INCOME OPPORTUNITY REALTY INVESTORS, INC. (Exact Name of Registrant as Specified in Its Charter) Nevada 75-26159 ...

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 June 30, 2022 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. (I.R.S. Employer Identification No.) 1603 Lyndon B. Johnson Freeway, Suite ...

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, 2022 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 001-09240 INCOME OPPORTUNITY REALTY INVESTORS, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jur ...