Company: INTG
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021858
Chunk: 79

Company: INTERGROUP CORP
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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000 
  
    Land held for development 
     1,930,000  
     1,930,000 
  
    Investment in real estate,
    net 
    $44,655,000  
    $45,253,000 

    -11-

In
April 2025, the Company determined that one multifamily property located in Los Angeles met the criteria for classification as held for
sale, as described in Note 14 — Assets Held for Sale. Accordingly, the property is reported separately as Assets held for sale
in the condensed consolidated balance sheet as of September 30, 2025. The amounts presented in Note 5 — Investment in Real Estate,
net exclude this property as of September 30, 2025 and June 30, 2025, respectively.

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 three months ended September 30, 2025 the Company invested $244,000 in capitalized improvements. Depreciation expense related
to our investment in real estate for the three months ended September 30, 2025 and 2024 are $757,000 and $739,000, respectively.

NOTE
6 – INVESTMENT IN MARKETABLE SECURITIES

The
Company’s investment in marketable securities consists primarily of corporate equity securities. The Company has also invested
in 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. 

As
of September 30, 2025, and June 30, 2025, all the Company’s marketable equity securities are measured at fair value with changes
recognized in earnings (ASC 321). The changes in unrealized gains and losses on these investments are included in earnings. The portfolio
is held in a brokerage account and may be subject to margin; see Note 2 for amounts “net of margin balances.”

 SCHEDULE OF TRADING SECURITIES

    Gross  
    Gross  
    Net  
    Fair 
  
    Investment 
    Cost  
    Unrealized
    Gain  
    Unrealized
    Loss  
    Unrealized
    Gain  
    Value 
  
    As of 

    September 30, 2025 

    Corporate 

    Equities 
    $671,