Company: INTG
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006758
Chunk: 84

Company: INTERGROUP CORP
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 84
---
Estate Operations 

Revenue
from real estate operations increased to $9,562,000 for the six months ended December 31, 2024 from $8,513,000 for the six months ended
December 31, 2023 primarily due to decrease in vacancy at its Missouri property which is rebranding and is undergoing renovation. Real
estate operating expenses decreased to $4,665,000 from $5,162,000 year-over-year 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.

Investment
Transactions

The
Company had a net loss on marketable securities of $469,000 for the six months ended December 31, 2024 compared to a net gain on marketable
securities of $975,000 for the six months ended December 31, 2023. For the six months ended December 31, 2024, the Company had a net
realized loss of $255,000 and a net unrealized loss of $214,000. For the six months ended December 31, 2023, the Company had a net realized
gain of $1,365,000 and a net unrealized loss of $390,000.

-24-

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.

MARKETABLE
SECURITIES

The
following table shows the composition of the Company’s marketable securities portfolio as of December 31, 2024 and June 30, 2024
by selected industry groups:

    % of Total 
  
    As of December 31, 2024 
       
    Investment 
  
    Industry
    Group 
    Fair
    Value  
    Securities 

    REITs and real estate companies 
    $2,903,000  
     51%
  
    Healthcare 
     956,000  
     17%
  
    Financial services 
     394,000  
     7%
  
    Consumer cyclical