Welcome to our dedicated page for Portsmouth Sq news (Ticker: PRSI), a resource for investors and traders seeking the latest updates and insights on Portsmouth Sq stock.
Portsmouth Square, Inc. (OTC: PRSI) is a lodging company that owns the Hilton San Francisco Financial District, a 544-room full-service hotel with extensive meeting space, a restaurant and lounge, and a five-level parking garage. The company is headquartered in Los Angeles, California and reports detailed hotel operating results, making its news flow particularly relevant for investors focused on hospitality and real estate-backed lodging businesses.
News about Portsmouth Square, Inc. often centers on hotel performance metrics and financial results. The company releases updates on hotel revenue by category (rooms, food and beverage, garage, and other operating departments), as well as key performance indicators such as average daily rate (ADR), occupancy, and revenue per available room (RevPAR). These disclosures provide insight into demand trends at the Hilton San Francisco Financial District and management’s focus on rate discipline and operating efficiency.
Another recurring theme in PRSI news is capital structure and refinancing activity. The company has reported a strategic refinancing of its flagship hotel through mortgage and mezzanine loans obtained by its subsidiaries, with terms tied to SOFR and supported by an interest rate cap. Management has linked this refinancing to improved financial flexibility and the alleviation of prior going-concern doubt, based on liquidity and operating forecasts.
Corporate governance developments, such as changes in the Board of Directors and the appointment of directors with capital markets experience, are also disclosed through press releases and SEC filings. For investors and analysts following PRSI, this news page aggregates updates on hotel operations, non-GAAP financial measures like EBITDA and Adjusted EBITDA, capital improvements, interest expense (including related-party interest), and board changes. Users interested in the performance of the Hilton San Francisco Financial District and Portsmouth Square, Inc.’s financial management can review these items over time and return to this page for new company communications as they are released.
Portsmouth Square (NASDAQ:PRSI) reported Q1 FY2026 results for the three months ended September 30, 2025, showing mixed operating trends and stabilized San Francisco demand.
Key metrics: hotel revenue $12.418M (+5.1% YoY), ADR $218 (+3.8% YoY), RevPAR $207 (+2.5% YoY), occupancy 95% (down 1 point). GAAP net loss was ($2.585M) vs. ($1.872M) a year earlier. Non-GAAP EBITDA was $1.655M (down 38.2% YoY). Cash, cash equivalents and restricted cash totaled $10.131M at 9/30/2025.
Portsmouth Square (OTC: PRSI) reported FY2025 results for the year ended June 30, 2025 and said going-concern doubt was alleviated after a March 28, 2025 hotel refinancing combined with improved operations and liquidity.
Key metrics: hotel revenue $46.36M (+10.7% YoY), occupancy 92% (up 10 pts), RevPAR $200 (+13.0% YoY), cash $11.72M (6/30/25, +145.5% YoY), GAAP net loss $(9.11M) or $(12.41)/share (19.9% smaller loss). EBITDA was $8.675M and adjusted EBITDA $7.259M, rising +128.5% and +91.2% YoY respectively.
Portsmouth Square (OTC: PRSI) has successfully completed the refinancing of its Hilton San Francisco Financial District Hotel through two key transactions:
1. Justice Operating Company secured a $67 million mortgage loan with PRIME Finance at SOFR plus 4.80%, including an interest rate cap limiting SOFR exposure to 4.50%.
2. Justice Mezzanine Company modified its existing mezzanine loan with CRED REIT Holdco for $36.3 million at a fixed 7.25% annual rate.
Both loans mature in two years with options for three one-year extensions, enhancing the company's financial flexibility and stability in managing its flagship hospitality asset.
FAQ
What is the current stock price of Portsmouth Sq (PRSI)?
What is the market cap of Portsmouth Sq (PRSI)?
