INTG · The InterGroup Corporation

The InterGroup Corporation reported strong fiscal third quarter 2026 results, driven primarily by a significant recovery in its hospitality segment. Total revenues increased 21% year-over-year to $20.372 million, with hotel revenues surging 35% to $16.497 million, exceeding pre-pandemic levels by $1.028 million. The hotel operating metrics improved markedly: ADR rose to $306 from $241, occupancy increased to 94% from 89%, and RevPAR improved to $287 from $215. Management attributed the improvement to stronger demand trends in San Francisco, including event-related activity such as the Super Bowl. Real estate revenues declined 16% to $3.875 million, partially offsetting the hotel gains. Net loss from investment transactions narrowed to $(0.342) million from $(1.379) million, benefiting from lower losses in marketable securities. Income from operations increased 81% to $4.260 million, and GAAP net income turned positive at $0.595 million compared to a net loss of $0.750 million in the prior-year quarter. Net income attributable to InterGroup was $0.457 million, or $0.21 per diluted share, versus a net loss of $0.578 million, or $0.27 per share. The quarter's results were partially offset by higher hotel operating expenses due to increased activity levels and ongoing fixed charges. As of March 31, 2026, the company held $17.323 million in cash and restricted cash and $1.096 million in marketable securities. Management expressed cautious optimism about the continued recovery in San Francisco and remains focused on disciplined operations and risk awareness.