Income Opportunity Realty Investors, Inc. Reports Third Quarter 2010 Results: EPS of $0.03

Income Opportunity Realty Investors, Inc.

, a Dallas-based real estate investment company, today reported results of operations for the third quarter ended September 30, 2010. IOT announced today that the Company reported a net income applicable to common shares of $112,000 or $0.03 per diluted earnings per share for the period ended September 30, 2010, as compared to a net loss applicable to common shares of $1,153,000 or $0.28 per diluted earnings per share for the same period ended 2009.