Income Opportunity Realty Investors Q4 net income falls on lower interest income
Overview
US real estate investment firm's Q4 net income declined yr/yr due to lower interest income
Q4 diluted EPS fell to $0.25 from $0.27 a year ago
Company reported no other income for the quarter
Outlook
Company did not provide specific guidance or outlook for future quarters or the full year
Result Drivers
LOWER INTEREST INCOME - Co said decrease in Q4 net income was due to lower interest income from related parties
ADVISORY FEES - Increase in advisory fees partially offset lower interest income, according to co
Company press release: ID:nBw8gkq04a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS |
| $0.25 |
|
Q4 Net Income |
| $976,000 |
|
Q4 Operating Expenses |
| $101,000 |
|
Q4 Operating Income |
| -$101,000 |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
Wall Street's median 12-month price target for Income Opportunity Realty Investors Inc is $39.00, about 109.8% above its November 11 closing price of $18.59
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