Income Opportunity Realty Investors, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 12, 2026, reporting third-quarter net income of $878 thousand and nine-month net income of $2,593 thousand.

Key Highlights

  • Q3 2026 net income: $878 thousand, compared with $1,031 thousand for Q3 2025, according to the filing.
  • Nine-month net income: $2,593 thousand for the nine months ended September 30, 2026, versus $3,014 thousand for the same period in 2025.
  • Interest income from related parties: $1,198 thousand for Q3 2026 and $3,563 thousand for the nine months ended September 30, 2026, the company's sole revenue source.
  • Total assets: $128,514 thousand at September 30, 2026, up from $125,917 thousand at December 31, 2025.
  • Earnings per share: $0.22 basic and diluted for Q3 2026, and $0.64 for the nine-month period, on a weighted average share count of 4,066,178.
  • Major shareholder: Transcontinental Realty Investors, Inc. (NYSE: TCI) owned approximately 85.1% of the company's stock at September 30, 2026, and together with an affiliate owned approximately 91.8%.

Income Opportunity Realty Investors: Q3 2026 Financial Results and Balance Sheet

According to the filing, Income Opportunity Realty Investors, Inc. (NYSE American:IOR) is an externally managed company that "currently holds investments in mortgage notes receivables." The company reported no other income for either the three-month or nine-month periods ended September 30, 2026 and 2025. All interest income was derived from related parties, totaling $1,198 thousand in Q3 2026, down from $1,395 thousand in Q3 2025. For the nine months ended September 30, 2026, related-party interest income was $3,563 thousand, compared with $4,097 thousand in the prior-year period.

Total operating expenses for Q3 2026 were $87 thousand, consisting of $62 thousand in general and administrative expenses (including $12 thousand from related parties) and a $25 thousand advisory fee to a related party. The company recorded an income tax provision of $233 thousand in Q3 2026 and $689 thousand for the nine-month period. After accounting for net operating losses offset by related-party interest income and the tax provision, the company reported Q3 2026 net income of $878 thousand and nine-month net income of $2,593 thousand.

On the balance sheet, the company disclosed total assets of $128,514 thousand at September 30, 2026, with the largest component being receivable from related parties of $117,545 thousand. Total shareholders' equity stood at $128,510 thousand, reflecting retained earnings of $68,262 thousand. The company's business is managed by Pillar Income Asset Management, Inc., according to the filing. Cash and cash equivalents remained at $6 thousand at both the beginning and end of the period.

What Was Disclosed

Income Opportunity Realty Investors, Inc. filed its quarterly report covering the period ended September 30, 2026, disclosing Q3 net income of $878 thousand, total assets of $128,514 thousand, and continued reliance on related-party mortgage note interest as its sole revenue source.