Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 43

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 is
concentrated, with one investment accounting for a significant majority of the total equity value. Specifically, the Company held
common stock of American Realty Investors, Inc. (NASDAQ: ARL), which represented approximately 99% of the total equity investment
portfolio as of the reporting date. American Realty Investors, Inc. is included in the financial services industry group.

As
of June 30, 2024, the Company’s investment portfolio was diversified with 24 different equity positions. The Company held two equity
securities that comprised more than 10% of the equity value of the portfolio. The two largest security positions represent 28% and 22%
of the portfolio and consists of the common stock of American Realty Investors, Inc. (NASDAQ: ARL) and Alphabet Inc. (NASDAQ: GOOG),
which are included in the REITs and real estate companies and Communication Services, respectively.

The
following table shows the net gain (loss) on the Company’s marketable securities and the associated margin interest and trading
expenses for the respective periods:

    For the three months
    ended March 31, 
    2025  
    2024 

    Net loss on marketable securities 
    $(1,097,000) 
    $(811,000)
  
    Dividend and interest income 
     35,000  
     63,000 
  
    Trading and management
    expenses 
     (317,000) 
     (430,000)
  
    Net
    loss from investment transactions 
    $(1,379,000) 
    $(1,178,000)

-25-

    For the nine months ended March 31, 
    2025  
    2024 

    Net (loss) gain on marketable securities 
    $(1,566,000) 
    $164,000 
  
    Dividend and interest income 
     156,000  
     333,000 
  
    Trading and management expenses 
     (978,000) 
     (1,133,000)
  
    Net loss from investment transactions 
    $(2,388,000) 
    $(636,000)

FINANCIAL
CONDITION AND LIQUIDITY

As
of March 31, 2025, the Company had total cash, cash equivalents, and restricted cash of $13,394,000, compared to $8,694,000 as of June