INTERGROUP CORP — Form 8-K
Filed September 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 68/100
What the filing says
InterGroup Corporation reported fiscal 2026 GAAP net income of $0.336 million versus a net loss of $7.547 million in fiscal 2025 (swing of $7.883 million). Total revenues increased 15% to $73.951 million; Hotel Operations segment income rose 43% to $12.524 million driven by higher average daily rates ($253 vs. $218), occupancy (95% vs. 92%), and RevPAR ($239 vs. $200). The company also realized a $3.508 million gain on sale of a 12-unit multifamily property in December 2025 for $4.85 million. EBITDA increased 63% to $22.834 million. Portsmouth hotel's $67.0 million senior mortgage and $36.3 million mezzanine loan mature April 9, 2027, with management expecting to exercise the first one-year extension option.
Why this rating
Return to profitability and strong operating metrics are material for a $17.2M market-cap company; $7.9M swing is 46% of market cap. Real estate sale gain inflates GAAP results. Debt maturity/refinancing risk in 10 months remains substantial.
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