The InterGroup Corporation (INTG) reported fiscal 2026 revenue of $73.951 million, up approximately 15%, and income from operations of $11.866 million, up approximately 55%. GAAP net income was $0.336 million, versus a $7.547 million loss in fiscal 2025; non-GAAP EBITDA rose approximately 63% to $22.834 million from $13.987 million. Hotel revenue increased approximately 20% to $55.797 million, with RevPAR at $239 versus $200. The Investment Transactions segment loss narrowed to $0.213 million from $2.502 million.
Net cash provided by operating activities was $3.450 million, down from $5.893 million. Cash, cash equivalents and restricted cash totaled $17.299 million as of June 30, 2026. Portsmouth's $67.0 million senior mortgage loan and $36.3 million mezzanine loan mature April 9, 2027, and provide three one-year extension options subject to specified conditions; management currently expects to satisfy the conditions and exercise the first option through April 9, 2028. The company sold a 12-unit Los Angeles County property for $4.85 million, recognizing a $3.508 million GAAP gain. Hotel operations resumed August 10, 2026, after bridge removal.
The InterGroup Corporation (INTG) generated $73.951 million of revenue in fiscal 2026, compared with $64.378 million in fiscal 2025. Hotel revenue was $55.797 million versus $46.363 million, while real estate revenue was $18.154 million versus $18.015 million. Net income attributable to InterGroup was $1.643 million, compared with a $5.348 million loss; consolidated net income was $336,000, versus a $7.547 million loss.
Net cash from operating activities was $3.450 million, down from $5.893 million in fiscal 2025, primarily reflecting marketable-securities cash flows. The company operates the Hilton San Francisco Financial District through majority-owned Portsmouth Square, Inc. Its $67.0 million senior mortgage and $36.3 million mezzanine loan mature April 9, 2027, with three one-year extension options subject to conditions. Management expects the first extension through April 9, 2028; it calculated a 1.45:1.00 Debt Service Coverage Ratio as of June 30, 2026, against the 1.10:1.00 threshold, with the lender making the determination under the loan agreement. A lender-controlled cash-management arrangement remained in effect. The hotel closed July 31 through August 9, 2026 for bridge removal and resumed guest operations August 10.
InterGroup Corp director Andrew J. Kaplan reported buying 1,002 shares of the company’s common stock. The Form 4 shows three open-market purchases on June 2, 2026: 2 shares at $35.00 per share, 500 shares at $37.72 per share, and 500 shares at $37.00 per share. These are straightforward open-market buys and increase his direct ownership in InterGroup.
The InterGroup Corporation reported results of its Annual Meeting of Shareholders for the year ended June 30, 2025. Shareholders elected two Class B directors to serve until the fiscal 2028 annual meeting. Yvonne L. Murphy received 1,517,016 votes for and 1,253 withheld, with 181,799 broker non-votes. William J. Nance received 1,514,496 votes for and 3,773 withheld, with 181,799 broker non-votes. Shareholders also ratified the appointment of Whitley Penn LLP as independent registered public accounting firm for the fiscal year ending June 30, 2026, with 1,694,002 votes for, 5,571 against and 495 abstentions.
The InterGroup Corporation filed an update related to its upcoming Annual Meeting of Shareholders scheduled for May 20, 2026. The company explains that a previously distributed proxy card contained an error about director terms.
The proxy card wrongly stated that the nominees for election as Class B directors would serve until the 2027 annual meeting. InterGroup clarifies that, as correctly disclosed in its Definitive Proxy Statement filed on April 8, 2026, these Class B director nominees are intended to serve a three-year term expiring at the 2028 Annual Meeting of Shareholders and until their successors are duly elected and qualified.
The InterGroup Corporation reported significantly stronger fiscal third-quarter 2026 results as San Francisco hospitality demand improved. Total revenues rose to $20.372 million from $16.824 million, while income from operations increased to $4.260 million from $2.350 million. GAAP net income was $0.595 million, reversing a GAAP net loss of $0.750 million a year earlier.
Performance was driven mainly by the Hilton San Francisco Financial District, where hotel revenues grew to $16.497 million from $12.210 million and exceeded the comparable pre-pandemic 2019 quarter by about $1.028 million. For the quarter, ADR reached $306, occupancy was 94%, and RevPAR was $287. Year-to-date, total revenues were $55.586 million and income from operations was $9.007 million, supported by a $3.508 million gain on a December 2025 real estate sale and lower losses on marketable securities.
The InterGroup Corporation reported a return to profitability for the nine months ended March 31, 2026. Revenue rose to $55,586,000 from $48,171,000 a year earlier, driven mainly by stronger performance at the Hilton San Francisco Financial District hotel.
Net income was $398,000 compared with a net loss of $5,299,000 in the prior-year period, while quarterly net income was $595,000 versus a loss of $750,000. Hotel metrics improved, with average daily rate and occupancy increasing and RevPAR rising for both the quarter and year-to-date. Results also benefited from a $3,508,000 gain on the sale of a non-core Los Angeles multifamily property.
Liquidity included $9,283,000 of cash, $8,040,000 of restricted cash, and $1,096,000 of marketable securities as of March 31, 2026, against material contractual obligations totaling $230,598,000, heavily concentrated in fiscal 2027. The company continues to carry a significant shareholders’ deficit and remains subject to lender lockbox provisions on its hotel financing, and management has not yet fully remediated a material weakness in controls over stock-based compensation.
The InterGroup Corporation has called its Annual Meeting for May 20, 2026 in San Francisco. Shareholders will vote on electing Class B directors Yvonne L. Murphy and William J. Nance and on ratifying Whitley Penn LLP as independent auditor for the year ending June 30, 2026.
CEO John V. Winfield received total compensation of $897,000 in both fiscal 2025 and 2024, while other named officers received $625,000 in 2025. The company reported net losses of $5.35 million in 2025 and $9.80 million in 2024, and a hypothetical $100 investment in InterGroup stock would have been worth $0.38 in 2025 and $0.40 in 2024.
Winfield beneficially owns about 68.8% of InterGroup’s 2,148,812 outstanding shares, with directors and officers as a group holding 73.8%, giving insiders effective control. The proxy also details a 400,000‑share 2010 equity incentive plan, 269,195 stock options outstanding, director fees, a clawback policy, and an auditor change from WithumSmith+Brown to Whitley Penn.
The InterGroup Corporation has finalized the appointment of Whitley Penn LLP as its independent registered public accounting firm. The company had previously noted that this appointment was contingent on Whitley completing its standard client acceptance and independence procedures and signing a final engagement letter.
The company now reports that these procedures were completed and accepted by Whitley on March 26, 2026, confirming the firm’s role as InterGroup’s external auditor going forward.
The InterGroup Corporation changed its independent auditor on March 19, 2026. The company dismissed WithumSmith+Brown, PC as its independent registered public accounting firm and, on the same day, the Audit Committee approved the engagement of Whitley Penn LLP as the new independent auditor for the fiscal year ending June 30, 2026.
The company states that during the fiscal years ended June 30, 2025 and 2024, and through March 19, 2026, there were no disagreements with Withum on accounting principles, financial disclosures, or audit scope, and no reportable events under SEC rules. InterGroup also notes it did not consult Whitley in advance on specific accounting treatments or potential audit opinions before deciding on the new engagement.