Portsmouth Square swings to Q1 profit of $571,000; revenue rises to $16.5 million

InterGroup Corporation
PORTSMOUTH SQUARE INC

InterGroup Corporation

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PORTSMOUTH SQUARE INC

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  • Portsmouth Square returned to profit in the three months ended March 31, 2026, posting net income of USD 571,000 versus a net loss a year earlier.
  • Hotel operations swung to net income of USD 884,000 as total hotel revenues rose to USD 16.5 million, led by hotel rooms revenue of USD 14.42 million.
  • Average daily rate climbed to USD 306 while occupancy increased to 94%, lifting RevPAR to USD 287.
  • For the nine months ended March 31, net loss narrowed to USD 4.31 million, while hotel operations loss narrowed to USD 3.35 million.
  • Liquidity held steady with cash, cash equivalents and restricted cash of USD 11.8 million, while related-party revolving credit facility borrowings totaled USD 38.11 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Portsmouth Square Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-022171), on May 11, 2026, and is solely responsible for the information contained therein.