Income Opportunity Realty Investors Inc

incomeopp-realty.com

Income Opportunity Realty Investors Inc (IOR) is a real estate investment company that generates income primarily through interest-bearing notes receivable and related-party lending arrangements. Revenue comes from interest income on notes receivable and cash management advances to affiliated entities, with the largest disclosed item being a $114.6 million receivable from related parties generating $4.9 million in interest income during FY2025, alongside $11.1 million in notes receivable from related parties generating $0.6 million in interest income. The company has no employees and is externally managed by Pillar Income Asset Management (Pillar), which serves as both Advisor and Cash Manager under an Advisory Agreement in place since April 30, 2011. As of December 31, 2025, TCI holds 83.7% of IOR's common shares following completion of a tender offer. The board determined not to pay dividends on common stock in 2025, 2024, or 2023. As of March 10, 2026, there were 4,066,178 shares of common stock outstanding.