Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 65

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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also has an investment in unimproved land located in Maui, Hawaii.

Investment
in real estate consisted of the following:

SCHEDULE OF INVESTMENT IN REAL ESTATE 

    As
    of 
    March
    31, 2025  
    June
    30, 2024 
  
    Land 
    $22,998,000  
    $22,998,000 
  
    Buildings, improvements and equipment 
     76,789,000  
     75,460,000 
  
    Accumulated depreciation 
     (55,082,000) 
     (52,846,000)
  
    Investment in real estate, gross 
     44,705,000  
     45,612,000 
  
    Land held for development 
     1,930,000  
     1,930,000 
  
    Investment in real estate,
    net 
    $46,635,000  
    $47,542,000 

Building,
improvements, and equipment are stated at cost, depreciated on a straight-line basis over their useful lives ranging from 5 to 40 years.
During the nine months ended March 31, 2025, the Company invested $1,329,000 in capitalized improvements. Depreciation expense related
to our investment in real estate for the nine months ended March 31, 2025 and 2024 are $2,236,000 and $2,092,000, respectively.

NOTE
6 – INVESTMENT IN MARKETABLE SECURITIES

The
Company’s investment in marketable securities consists primarily of corporate equities. The Company has also periodically invested
in corporate bonds and income producing securities, which may include interests in real estate-based companies and REITs, where financial
benefit could transfer to its shareholders through income and/or capital gain.

    -13-

At
March 31, 2025 and June 30, 2024, all of the Company’s marketable securities are classified as trading securities. The change in
the unrealized gains and losses on these investments, along with the changes in amounts due to broker are included in earnings. Trading
securities are summarized as follows:

SCHEDULE OF TRADING SECURITIES 

    Investment 
    Cost  
    Gross
                                                                               Unrealized
                                            Gain  
    Gross
                                                                               Unrealized
                                            Loss  
    Net