Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 3

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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THE
INTERGROUP CORPORATION

CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

    For the nine months ended
    March 31, 
    2025  
    2024 
  
    Revenues: 

    Hotel 
    $33,995,000  
    $32,076,000 
  
    Real
    estate 
     14,176,000  
     12,638,000 
  
    Total revenues 
     48,171,000  
     44,714,000 

    Costs and operating expenses: 

    Hotel operating expenses 
     (27,532,000) 
     (27,925,000)
  
    Real estate operating expenses 
     (7,096,000) 
     (7,774,000)
  
    Depreciation and amortization
    expenses 
     (4,967,000) 
     (4,691,000)
  
    General
    and administrative expenses 
     (2,244,000) 
     (3,365,000)
  
    Total costs and operating
    expenses 
     (41,839,000) 
     (43,755,000)

    Income from operations 
     6,332,000  
     959,000 

    Other (expense) income: 

    Interest expense - mortgages 
     (10,196,000) 
     (7,695,000)
  
    Net unrealized loss on
    marketable securities 
     (1,236,000) 
     (1,210,000)
  
    Net realized (loss) gain
    on marketable securities 
     (330,000) 
     1,374,000 
  
    Gain (loss) on extinguishment
    of debt 
     1,416,000  
     (453,000)
  
    Dividend and interest income 
     156,000  
     333,000 
  
    Trading
    and margin interest expense 
     (978,000) 
     (1,133,000)
  
    Total other expense, net 
     (11,168,000) 
     (8,784,000)

    Loss before income taxes 
     (4,836,000) 
     (