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Against the backdrop of a real estate credit cycle that has drawn scrutiny to income from notes receivable across the sector, Income Opportunity Realty Investors (NYSE American: IOR) reported second-quarter net income of $0.7 million, or $0.17 per diluted share, for the period ended June 30, 2026.
That compares with net income of $1.0 million, or $0.24 per diluted share, in the year-earlier quarter. The Dallas-based company attributed the year-on-year decline to a decrease in interest income.
Interest income narrows, costs hold flat IOR's earnings rest almost entirely on interest received from related parties on a portfolio of notes receivable.
In the second quarter of 2026, that line came to $989,000, against $1,355,000 in the same period of 2025.
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