Income Opportunity Realty Investors
Invests in related-party mortgage notes and receivables backed by land and multifamily property.
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Profile
Earns interest on a concentrated set of related-party receivables and mortgage notes, with investments intended to be collateralized by land and multifamily properties in the Southern United States. The externally managed company has no employees and no owned real estate.
Earns interest from related-party receivables and a mortgage note rather than from owned real estate. Its investment policy centers on notes collateralized by land and multifamily-property investments, with disclosed collateral in the Southern United States. The principal balances consist of a cash-management receivable from Pillar Income Asset Management and a mortgage note from Unified Housing Foundation.
Operates through Pillar, its affiliated advisor and cash manager, which supplies executive, accounting, legal, capital-markets, administrative, opportunity-sourcing and financing services. The board approves the annual business plan and reviews the advisory agreement, while Pillar reports against the plan. Income is tied to short-term-rate-linked related-party balances, and substantially all assets are related-party receivables or notes. The company has no employees or owned real estate.
Company facts
Key statistics
Year to date +14.1% · Average volume (30d) 1.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | — | $0.17 | — | — | — | — | 0.00% |
| May 7, 2026Q1 FY26 | — | $0.25 | — | — | $1.4M | — | 0.00% |
| Mar 12, 2026Q4 FY25 | — | $0.25 | — | — | $1.3M | — | 0.00% |
| Nov 6, 2025Q3 FY25 | — | $0.25 | — | — | $1.4M | — | 0.00% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.3M | $1.4M | $1.4M | $1.3M | $1.4M | $0 | |
| Gross profit | $1.3M | $1.4M | $1.4M | $1.3M | $1.4M | −$23.0K | |
| Operating income | −$95.0K | −$97.0K | −$90.0K | $1.2M | −$97.0K | −$97.0K | |
| Net income | $989.0K | $994.0K | $1.0M | $976.0K | $1.0M | $705.0K | |
| Diluted EPS | $0.24 | $0.24 | $0.25 | $0.24 | $0.25 | $0.17 | |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | — | |
| Operating margin | -7.1% | -7.2% | -6.5% | 92.4% | -7.0% | — |
Fiscal years (4-quarter sums)FY24 $6.3M · FY25 $5.4M
Balance sheet, Jun 30, 2026Cash & short-term investments $29.0K · Total debt $0 · Total assets $127.6M · Shareholders' equity $127.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 4.07M · Float 334.7K · 8.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Transcontinental Realty Investors Inc | 3.44M | 84.50% | 13D | Dec 17, 2025 |
| Vanguard Capital Management LLC | 6.1K | 0.15% | 13F | Aug 13, 2026 |
| Vanguard Fiduciary Trust Co | 2.8K | 0.07% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Transcontinental Realty Investors
Nearest affiliate rival for Southern U.S. mortgage-note opportunities.
- American Realty Investors
Affiliate rival for Pillar-sourced mortgage-note investments.
- NexPoint Real Estate Finance
Commercial mortgage REIT pursuing multifamily and development loans.
- Arbor Realty Trust
Nationwide lender for multifamily and commercial mortgages.
- Blackstone Mortgage Trust
Senior commercial mortgage lender to institutional property owners.
- Starwood Property Trust
Large-scale lender across commercial mortgages and mezzanine debt.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Income Opportunity Realty Investors | $20.69 | +3.35% | $81.4M | 22.0 | — | 19.8 | +2.2% |
| Transcontinental Realty Investors | $35.95 | −0.66% | $312.2M | 38.9 | — | 6.2 | +5.8% |
| American Realty Investors | $15.00 | −4.21% | $242.3M | 29.1 | — | 4.7 | +5.8% |
| NexPoint Real Estate Finance | $17.24 | −0.46% | $324.9M | 7.4 | 9.7 | 2.4 | +9.2% |
| Arbor Realty Trust | $5.06 | 0.00% | $973.3M | 37.4 | 12.0 | 0.8 | −11.1% |
| Blackstone Mortgage Trust | $13.75 | +0.18% | $2.31B | 171.6 | 10.9 | 1.5 | +18.1% |
| Starwood Property Trust | $15.85 | +0.27% | $5.86B | 23.2 | 9.4 | 2.9 | +7.9% |
| Median | 33.2 | 10.3 | 2.7 | +6.9% |









