Quarterly ResultMay 11, 2026, 11:11 AM
InterGroup Q3 Net Income $457K, EPS $0.21; 9-Month Net Income $1.44M
AI Summary
InterGroup reported a net income of $457,000 ($0.21 EPS) for the three months ended March 31, 2026, a significant improvement from a net loss of $578,000 in the prior year. For the nine months, net income was $1.44 million ($0.67 EPS), compared to a $3.7 million net loss in the previous year. The company's hotel revenue increased, and it disposed of a non-core multifamily property for $4.85 million, generating a gain on sale of $3.51 million.
Key Highlights
- Net income attributable to InterGroup for Q3 2026 was $457,000, up from a $578,000 loss in Q3 2025.
- Basic EPS for Q3 2026 was $0.21, compared to $(0.27) in Q3 2025.
- Net income attributable to InterGroup for the nine months ended March 31, 2026, was $1.44 million, up from a $3.7 million loss in the prior year.
- Basic EPS for the nine months was $0.67, compared to $(1.71) in the prior year.
- Total revenues for Q3 2026 increased to $20.37 million from $16.82 million in Q3 2025.
- Hotel revenue for Q3 2026 increased to $16.50 million from $12.21 million in Q3 2025.
- Company disposed of a 12-unit multifamily property for $4.85 million, recognizing a $3.51 million gain on sale.
- Cash and cash equivalents increased to $9.28 million as of March 31, 2026, from $5.09 million at June 30, 2025.