Here are the 8-K filings 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.
An 8-K covers material events a company has to report between its quarterly reports, 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) reported fiscal 2026 hotel revenue of $55.797 million, up 20% from $46.363 million in fiscal 2025. Income from operations rose 101% to $7.789 million. GAAP net loss narrowed by $3.696 million to $5.414 million. Adjusted EBITDA, a non-GAAP measure, increased 82% to $11.350 million from $6.229 million after excluding two favorable fiscal 2025 items: a $1.416 million debt-extinguishment gain and a $1.030 million Aimbridge fee-waiver benefit.
Net cash provided by operating activities was $3.899 million, compared with $2.148 million used in fiscal 2025; cash, cash equivalents and restricted cash totaled $13.422 million as of June 30, 2026. The $67.0 million senior mortgage loan and $36.3 million mezzanine loan mature April 9, 2027, with three one-year extension options subject to conditions. Portsmouth was compliant with applicable covenants as of June 30, 2026, and management expects to satisfy conditions and exercise the first option through April 9, 2028. In August 2026, its $40.0 million unsecured revolving credit facility maturity was extended from July 31, 2027 to July 31, 2029.
Portsmouth Square, Inc. reported the results of its Fiscal 2025 Annual Meeting of Shareholders held on May 20, 2026 at the Hilton San Francisco Financial District. Shareholders voted on the election of directors and the ratification of the company’s independent auditor.
All five director nominees were elected. For example, John V. Winfield received 593,616 votes for, 2,467 against and 420 abstentions, with 27,964 broker non-votes, with similar support for the other nominees. Shareholders also ratified the appointment of Whitley Penn LLP as independent registered public accounting firm for the fiscal year ending June 30, 2026, with 611,467 votes for, 182 against and 12,818 abstentions.
Portsmouth Square, Inc. reported fiscal third quarter 2026 results showing continued recovery at its Hilton San Francisco Financial District hotel. Hotel revenues for the quarter ended March 31, 2026 exceeded the comparable pre-pandemic quarter ended March 31, 2019 by approximately $1.028 million, on 2019 hotel revenues of $15.469 million.
Year-over-year revenue gains were driven mainly by higher room revenues from improved room availability, stronger average daily rates and occupancy, plus demand tied to the Super Bowl and recovering business travel. Net income remained constrained by higher operating expenses, fixed mortgage and related-party interest, and depreciation, and by the absence of a prior-year $1.416 million gain on extinguishment of debt.
Liquidity stayed stable, with cash, cash equivalents and restricted cash of $11.804 million as of March 31, 2026, compared with $11.722 million as of June 30, 2025. Operating activities provided about $1.869 million of cash over nine months, while roughly $1.787 million of capital expenditures focused on guest-room renovations and returning 14 rooms to inventory. Management reaffirmed that, following a March 28, 2025 refinancing, it sees no conditions as of March 31, 2026 that raise substantial doubt about the company’s ability to continue as a going concern for at least twelve months after issuance.
Portsmouth Square, Inc. announced that Whitley Penn LLP has completed and accepted its standard client acceptance and independence procedures and finalized its engagement as the company’s independent registered public accounting firm on March 26, 2026. This confirms and completes an appointment that had been previously disclosed as pending these routine procedures.
Portsmouth Square, Inc. changed its independent registered public accounting firm. On March 19, 2026, the company dismissed WithumSmith+Brown, PC as auditor, stating there were no disagreements or reportable events for the fiscal years ended June 30, 2025 and 2024 and through March 19, 2026.
On the same date, the Audit Committee approved the engagement of Whitley Penn LLP as the new auditor for the fiscal year ending June 30, 2026 and related interim periods, subject to completion of standard client acceptance and independence procedures and a final engagement letter. Withum provided a letter to the SEC agreeing with the company’s disclosures.
Portsmouth Square, Inc. reported stronger results for its fiscal second quarter ended December 31, 2025, as its Hilton San Francisco Financial District hotel continued to recover. Hotel revenues rose to $12.661 million from $9.965 million a year earlier, helped by higher room rates, strong occupancy and 14 guestrooms returned to inventory.
The company’s net loss narrowed to $2.291 million, or $3.12 per share, from $4.036 million, or $5.50 per share, while income from operations improved to $1.004 million from a loss of $0.264 million. Key hotel metrics improved, with ADR at $234 versus $190, occupancy at 92% versus 88%, and RevPAR at $215 versus $168.
Cash and restricted cash totaled $8.722 million as of December 31, 2025. For the six-month period, hotel revenues increased to $25.079 million from $21.785 million, and the net loss narrowed to $4.876 million from $5.908 million. Portsmouth invested about $1.431 million in capital expenditures, mainly guest-room renovations and bringing 14 rooms back into service.
Portsmouth Square, Inc. reported that director John C. Love resigned from its Board of Directors effective January 6, 2026. The company stated that his resignation was not due to any disagreement regarding its operations, policies, or practices, indicating an orderly board transition rather than a dispute.
On the same date, the Board appointed Andrew Kaplan as a new director, effective immediately. Kaplan has over 30 years of experience in financial public relations and capital markets and has helped source over $500 million in capital for public and private companies. He has previously served on multiple public company boards and currently consults on institutional outreach, analyst engagement, financings, mergers and acquisitions, and corporate governance. The Board determined he is well-suited for the role and he will receive the company’s standard compensation for non-employee directors.