Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 39

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 the three months ended March 31, 2025 compared to the three months
ended March 31, 2024.

Real
Estate Operations 

Revenue
from real estate operations increased to $4,614,000 for the three months ended March 31, 2025 from $4,125,000 for the three months ended
March 31, 2024 primarily due to decrease in vacancy at its Missouri property which is rebranding and was undergoing renovation. Real
estate operating expenses decreased to $2,431,000 from $2,612,000 year over year primarily due to decreased repairs and maintenance.
Management continues to review and analyze the Company’s real estate operations to improve occupancy and rental rates and to reduce
expenses and improve efficiencies.

-22-

Investment
Transactions

The
Company had a net loss on marketable securities of $1,097,000 for the three months ended March 31, 2025 compared to a net loss on marketable
securities of $811,000 for the three months ended March 31, 2024. For the three months ended March 31, 2025, the Company had a net realized
loss of $74,000 and a net unrealized loss of $1,023,000. For the three months ended March 31, 2024, the Company had a net realized gain
of $9,000 and a net unrealized loss of $820,000. 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.

Nine
Months Ended March 31, 2025 Compared to Nine Months Ended March 31, 2024

The
Company had net loss of $5,299,000 for the nine months ended March 31, 2025 compared to net loss of $7,634,000 for the nine months ended
March 31, 2024. The decrease in loss is primarily attributable to the refinance waiver of default interest and forbearance fee by the
mezzanine lender and increased room revenues.

Hotel
Operations

The
Company had net loss