Printer Friendly

INCOME OPPORTUNITY REALTY TRUST REPORTS FIRST QUARTER RESULTS

 INCOME OPPORTUNITY REALTY TRUST REPORTS FIRST QUARTER RESULTS
 DALLAS, May 13 /PRNewswire/ -- Income Opportunity Realty Trust (AMEX: IOT) today reported a net loss of $402,000, or 46 cents per share, on revenues of $1.4 million for the first quarter ended March 31, 1992. This compares with net income of $660,000, or 72 cents per share on revenues of $2.1 million for the first quarter of 1991.
 No provision for losses or extraordinary gain was recorded for the first quarter of 1992, as compared to a $3.8 million provision for losses and an extraordinary gain of $4.8 million in the first quarter of 1991.
 Income Opportunity Realty Trust is a combination mortgage and equity real estate investment trust which operates nationwide.
 INCOME OPPORTUNITY REALTY TRUST
 Financial Highlights
 (In thousands, except share and per-share data)
 Three months ended March 31 1992 1991
 Total revenue $1,435 $2,149
 (Loss) before extraordinary gain (402) (4,105)
 Extraordinary gain -- 4,765
 Net income (loss) (402) 660
 Income (loss) per share $(0.46) $0.72
 Weighted average shares of beneficial
 interest used in computing earnings
 per share 864,321 920,937
 -0- 5/13/92
 /CONTACT: Kevin LeBlanc of Income Opportunity Realty Trust, 214-692-4800/
 (IOT) CO: Income Opportunity Realty Trust ST: Texas IN: FIN SU: ERN


CK -- NY077 -- 9766 05/13/92 14:18 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 13, 1992
Words:226
Previous Article:TIME INC. ACQUIRES MEDIA ONE
Next Article:SCHNIEDERS APPOINTED SENIOR VICE PRESIDENT OF PROCUREMENT AT SYSCO
Topics:


Related Articles
INCOME OPPORTUNITY REALTY TRUST REPORTS YEAR-END RESULTS
NATIONAL INCOME REALTY TRUST REPORTS FIRST QUARTER RESULTS
FEDERAL REALTY INVESTMENT TRUST ANNOUNCES FIRST QUARTER RESULTS
UNITED DOMINION REALTY TRUST REPORTS SECOND QUARTER 1992 RESULTS
INCOME OPPORTUNITY REALTY TRUST REPORTS SECOND QUARTER RESULTS
FEDERAL REALTY INVESTMENT TRUST ANNOUNCES SECOND QUARTER RESULTS
INCOME OPPORTUNITY REALTY TRUST REPORTS IMPROVED THIRD QUARTER RESULTS
NATIONAL INCOME REALTY TRUST REPORTS FIRST QUARTER RESULTS, MAKES CASH DISTRIBUTION
G&L REALTY REPORTS FIRST QUARTER RESULTS
UNITED DOMINION REALTY TRUST REPORTS FIRST QUARTER RESULTS; FUNDS FROM OPERATIONS PER SHARE SAME AS YEAR AGO

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters