Company: INTG
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006758
Chunk: 82

Company: INTERGROUP CORP
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 realized gain of $1,471,000 and a net unrealized gain of $289,000. Gains and losses on marketable securities may fluctuate significantly
from period to period in the future and could have a significant impact on the Company’s results of operations. However, the amount
of gain or loss on marketable securities for any given period may have no predictive value and variations in amount from period to period
may have no analytical value. For a more detailed description of the composition of the Company’s marketable securities see the
Marketable Securities section below.

Six
Months Ended December 31, 2024 Compared to Six Months Ended December 31, 2023

The
Company had net loss of $4,549,000 for the six months ended December 31, 2024 compared to net loss of $3,773,000 for the six months ended
December 31, 2023. The change is primarily attributable to increase in mortgage interest expense from 4% default additional interest
rate.

Hotel
Operations

The
Company had net loss from Hotel operations of $3,563,000 for the six months ended December 31, 2024 compared to net loss of $2,284,000
for the six months ended December 31, 2023. The change is primarily attributable to increase in mortgage interest expense from 4% default
additional interest rate.

-23-

The
following table sets forth a more detailed presentation of Hotel operations for the six months ended December 31, 2024 and 2023:

    For the six months ended
    December 31, 
    2024  
    2023 
  
    Hotel revenues: 

    Hotel rooms 
    $18,511,000  
    $17,964,000 
  
    Food and beverage 
     1,387,000  
     1,599,000 
  
    Garage 
     1,655,000  
     1,533,000 
  
    Other
    operating departments 
     232,000  
     222,000 
  
    Total Hotel revenues 
     21,785,000  
     21,318,000 
  
    Operating
    expenses excluding depreciation and amortization 
     (17,847,000) 
     (18,686,000)
  
    Operating income before interest expense, depreciation 

    and amortization 
     3