Income Opportunity Realty Investors Inc. Common Stock (IOR)

FairStock Score: 27/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable earning power and a margin of safety, and Income Opportunity Realty Investors is a mixed picture. It is a Dallas-based real estate investment company whose portfolio is mostly notes receivable and real estate interests held directly or through partnerships. The filed numbers show deterioration: in fiscal 2023, the year ended 2023-12-31, net income was $7.0 million and diluted EPS was $1.68; in fiscal 2024, the year ended 2024-12-31, net income fell to $4.7 million and EPS to $1.14; in fiscal 2025, the year ended 2025-12-31, net income was $4.0 million and EPS $0.98. That is not a compounding machine. More recent quarters are positive — fiscal Q2 2026, ended 2026-06-30, showed net income of $705,000 and diluted EPS of $0.17, after $1.0 million and $0.25 in fiscal Q1 2026, ended 2026-03-31 — but they are small and uneven. At the close on 2026-10-13, the price was $18.25. FairStock’s calculations show a P/E of 20.05 and P/B of 0.58, with ROE of 2.96% and ROCE of -0.19%. The low price-to-book hints at asset value, but low returns suggest those assets may not earn much. The Piotroski score is 4/9, and the Lynch category is SLOW GROWER — Shrinking: profit -1.1% a year over five years. I see no clear competitive moat in a small notes-receivable portfolio. Financial health is hard to judge because D/E is N/A and bank-specific measures such as CET1, NIM, and combined ratio are not in the data. A 0.58 book multiple can be a margin of safety if assets are sound; it can also be a value trap if credit quality or partnership values are weak. Without more disclosure, I would treat it as a cheap-looking but low-return, shrinking financial company.

In plain English: Income Opportunity Realty Investors is a small Dallas company that holds notes tied to real estate and some property interests. Its profits have slipped over the past few years, and the returns it earns on its assets are low. At $18.25, the stock sells for less than the value of its net assets on its books, but it does not look like a strong business; it looks cheap mainly because investors are unsure what those assets are worth.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer