IOR is a micro-cap REIT with a passive note portfolio generating stable but low-growth interest income. No guidance or material changes were disclosed — expect minimal stock reaction. Monitor the next 10-Q for any changes in the related-party note portfolio or dividend policy.
Price Chart
Executive Summary
IOR reported Q1 2026 net income of $1.0M ($0.25/diluted share), essentially flat vs $1.0M ($0.24) a year ago. Revenue is entirely interest income from related parties ($1.376M vs $1.347M), with no other revenue streams. The filing is a routine earnings release with no material surprises or guidance.
Key Financial Metrics
Key Facts
- Net income for Q1 2026: $1.01M vs $0.989M in Q1 2025
- Diluted EPS: $0.25 vs $0.24 year-over-year
- Interest income from related parties: $1.376M vs $1.347M
- Total operating expenses: $97K vs $95K
- No revenue from operations; sole income source is interest from related parties
- No guidance provided in the release
Financial Impact
Net income essentially flat at ~$1.0M; EPS increased $0.01 YoY
Risk Factors
- Concentration risk: all revenue comes from related-party interest income
- Low liquidity and small market cap ($74M) amplify any news-driven moves
- No operating revenue or diversification beyond note portfolio
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001999371-26-010175 |
| Exhibit: ex99-1.htm | 0001999371-26-010175 |
| Document: 0001999371-26-010175-index-headers.html | 0001999371-26-010175 |
| Document: 0001999371-26-010175-index.html | 0001999371-26-010175 |
| Document: 0001999371-26-010175.txt | 0001999371-26-010175 |
| 8-K Data (Synthetic) | 0001999371-26-010175 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | DEF 14A | $18.00 | awaiting T+20 | — | $18.52 (+2.89%) |
Aug 6, 2026 11w ago | 8-K | $20.75 $19.32 | ▲ +6.89% | ▲ +7.49% | $18.52 (+10.75%) |
May 7, 2026 24w ago | 8-K | $18.00 $18.00 | · 0.00% | ▼ −3.14% | $18.52 (+2.89%) |
US Market Status
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