Income Opportunity Realty Investors, Inc. (AMEX:IOT) has released the financial results for its fourth quarter and full year ended December 31, 2009. The financial report showed a net income of $920,000, or $0.22 per share for the year, compared to a net income of 426.7 million, or $6.41 per share for the previous year. The fourth quarter’s net income was $2.1 million, or $0.49 per share. The year ago period reported a net income of $479,000, or $0.12 per share. The financial report in its entirety is available for review online at www.incomeopp-realty.com.
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Income Opportunity Realty Investors, Inc. (IOT) is a full-service real estate company, with in-house expertise and resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, tax and legal services. The Company’s primary business is investing in real estate. In addition, it has investments in unconsolidated subsidiaries and investee. The Company has two operating segments: commercial properties and land. In November 2008, the Company divested the apartment segment. During the year ended December 31, 2008, its properties include three commercial properties, consisting an office building, an industrial warehouse and a shopping center and 211 acres of unimproved land.
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