Here are the 10-K annual reports from Portsmouth Square Inc (PRSI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PRSI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PRSI filings page.
Portsmouth Square, Inc. (PRSI), which owns the 558-room Hilton San Francisco Financial District, reported fiscal 2026 hotel revenue of $55.797 million, up approximately 20% from $46.363 million. Average daily rate was $253 versus $218, occupancy was 95% versus 92%, and RevPAR was $239 versus $200. Hotel Operations segment income was $12.524 million versus $8.732 million.
Net loss was $5.414 million, compared with $9.110 million; operating cash flow was $3.899 million versus cash used of $2.148 million. Capital expenditures were $2.199 million. At June 30, 2026, cash and cash equivalents were $4.982 million and restricted cash was $8.440 million. The $67 million senior mortgage and $36.3 million mezzanine loan had an April 9, 2027 initial maturity, with extension options. Management currently expects to exercise the first one-year option, subject to conditions including a senior-loan DSCR of at least 1.10:1.00. In August 2026, InterGroup amended its $38.108 million revolving facility to extend maturity to July 31, 2029. Lender-controlled cash management remained in effect as of June 30, 2026. Management believes available liquidity and financing arrangements are sufficient to meet obligations for at least twelve months following issuance of the financial statements.
Portsmouth Square, Inc. (PRSI) reports consolidated results for year ended June 30, 2025 showing recovery in hotel operations alongside continued leverage and operating losses. Total hotel revenues rose to $46,363,000 from $41,886,000 a year earlier, and operating income before interest, depreciation and amortization increased to $8,732,000 from $5,747,000, reflecting stronger hotel performance. The company recorded a gain on extinguishment of debt of $1,416,000 but still reported a loss before income taxes of $9,109,000. Cash and equivalents were reported at $4,470,000 with restricted cash of $7,252,000. Related-party notes payable outstanding totaled $38,108,000 at June 30, 2025. The senior mortgage bears interest at SOFR+4.75% with a cap and matures April 9, 2027; a mezzanine loan of $36,300,000 accrues at 7.25%. The filing discloses no impairment charges and notes concentration of receivables and unionized labor coverage for most employees.