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InterGroup Reports Q1 FY2026 Results; Real Estate Segment Income Up 20% YoY, Hotel KPIs Up, and $13.4 Million in Cash & Restricted Cash
Los Angeles, CA, Nov. 17, 2025 (GLOBE NEWSWIRE) -- The InterGroup Corporation (“InterGro...
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[{"type":"text","content":"InterGroup Reports Q1 FY2026 Results; Real Estate Segment Income Up 20% YoY, Hotel KPIs Up, and $13.4 Million in Cash & Restricted Cash\n\n\n\n\n Los Angeles, CA, Nov. 17, 2025 (GLOBE NEWSWIRE) --\n \n The InterGroup Corporation (“InterGroup” or the “Company”) reported results for the three months ended September 30, 2025. Management continues to conclude that the prior going-concern doubt at majority-owned subsidiary Portsmouth Square, Inc. was alleviated as of June 30, 2025 following its hotel refinancing, and no substantial doubt exists for at least twelve months from the issuance date of the Company’s financial statements.\n \n\n\n Fiscal Q1 2026 Highlights (vs. Q1 2025)\n \n\n\n\n GAAP net loss: ($1,159,000) consolidated; net loss attributable to InterGroup: ($535,000) [vs. ($398,000)].\n \n\n EBITDA (Non-GAAP): $4,526,000 vs. $5,013,000 (-9.7% YoY). See reconciliation below.\n \n\n Real estate segment income: $3,157,000 (vs. $2,629,000; +20.1% YoY). Revenues $5,495,000 (vs. $5,086,000; +8.0% YoY).\n \n\n Hotel KPIs (consolidated): ADR $218 (+3.8% YoY), occupancy 95% (-1 pt), RevPAR $207 (+2.5% YoY).\n \n\n Marketable securities: net gain of $136,000 (vs. $129,000).\n \n\n As presented in the Condensed Consolidated Statements of Cash Flows, cash, cash equivalents and restricted cash at September 30, 2025 totaled $13,391,000, consisting of cash and cash equivalents of $5,054,000 and restricted cash of $8,337,000.\n \n\n\n\n Hotel Revenues & Expenses Detail (Segment)\n \n\n\n\n Hotel revenues (by category):\n \n\n\n\n Rooms: $10,428,000 (vs. $10,110,000; +3.1% YoY)\n \n\n Food & beverage: $912,000 (vs. $733,000; +24.4% YoY)\n \n\n Garage: $900,000 (vs. $875,000; +2.9% YoY)\n \n\n Other operating departments: $178,000 (vs. $102,000; +74.5% YoY)\n \n\n Total hotel revenues: $12,418,000 (vs. $11,820,000; +5.1% YoY)\n \n\n\n\n Hotel expenses (segment):\n \n\n\n\n Operating expenses excluding depreciation & amortization: $10,481,000 (vs. $8,792,000; +19.2% YoY)\n \n\n Operating income before interest, depreciation & amortization (Non-GAAP OIBDA): $1,937,000 (vs. $3,028,000; -36.0% YoY)\n \n\n Interest expense — mortgage: $2,493,000 (vs. $2,824,000; -11.7% YoY)\n \n\n Interest expense — related party: $872,000 (vs. $824,000; +5.8% YoY)\n \n\n Depreciation & amorti...