Portsmouth Square, Inc. Reports Second Quarter Fiscal 2026 Results; Hotel Performance Improves Year-Over-Year as Market Stabilization Continues

About this update from Portsmouth Square, Inc.

[{"type":"text","content":"Los Angeles, California, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Portsmouth Square, Inc. (the “Company” or “Portsmouth”) today announced financial results for the fiscal second quarter ended December 31, 2025. Portsmouth’s principal asset is the Hilton San Francisco Financial District hotel (the “Hotel”). Results discussed below are derived from the Company’s Quarterly Report on Form 10‑Q for the quarter ended December 31, 2025.","length":426,"tagName":"p"},{"type":"text","content":"Second Quarter Fiscal 2026 Highlights (Three Months Ended December 31, 2025)","length":76,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Hotel revenues were $12.661 million, compared to $9.965 million for the prior‑year quarter.","length":91,"tagName":"p"}]},{"val":[{"type":"text","content":"During fiscal Q2 2026, the Hotel benefited from 14 additional guestrooms returned to available inventory in September 2025, improving room availability compared to the prior year.","length":179,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss was $2.291 million, or $3.12 per share, compared to a net loss of $4.036 million, or $5.50 per share, in the prior‑year quarter.","length":137,"tagName":"p"}]},{"val":[{"type":"text","content":"Income (loss) from operations was $1.004 million, compared to $(0.264) million in the prior‑year quarter.","length":105,"tagName":"p"}]},{"val":[{"type":"text","content":"Average Daily Rate (ADR) was $234 versus $190 in the prior‑year quarter; average occupancy was 92% versus 88%; RevPAR was $215 versus $168.","length":139,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash and cash equivalents were $3.408 million and restricted cash was $5.314 million as of December 31, 2025 (total cash, cash equivalents and restricted cash of $8.722 million).","length":178,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":829,"olType":false},{"type":"text","content":"Selected Hotel Expense Categories (Three Months Ended December 31, 2025)","length":72,"tagName":"p"},{"type":"text","content":"The following Hotel expense categories are presented consistent with the Company’s segment disclosures in its Form 10‑Q:","length":120,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Operating expenses: $9.208 million (prior‑year quarter: $7.973 million)","length":71,"tagName":"p"}]},{"val":...

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