Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 46

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 1
Chunk 46
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1,013,000)
  
    Trading expenses 
     (510,000) 
     (535,000)
  
    Net loss from marketable securities operations 
    $(2,502,000) 
    $(1,633,000)

26

FINANCIAL
CONDITION, LIQUIDITY AND CAPITAL SOURCES

As
of June 30, 2025, the Company had total cash, cash equivalents, and restricted cash $15,195,000 (including $53,000 classified as held
for sale) compared to $8,694,000 as of June 30, 2024. The Company also held marketable securities, net of margin balances, of $969,000,
compared to $7,266,000 at June 30, 2024. These marketable securities are short-term and considered readily convertible to cash.

Parent
Company (InterGroup) — Liquidity and Capital Resources

InterGroup’s
liquidity is driven primarily by: (i) cash generated by its multifamily and commercial real estate portfolio; (ii) cash and cash equivalents
held at the parent; (iii) proceeds from refinancings at InterGroup-owned properties; and (iv) limited amounts of marketable securities.
Key expected uses of cash at the parent include corporate G&A, parent-level income taxes, debt service on InterGroup property-level
mortgages, and capital expenditures for its multifamily and other real estate assets.

Parent
cash sources and uses for the next twelve months include:

●Real
                                            estate operations: Net operating cash flows from apartment and commercial properties, primarily
                                            in Texas and Los Angeles County, California.

●Debt
                                            service and maturities: Scheduled principal and interest on InterGroup’s property-level
                                            mortgages, including recently modified loans in St. Louis (maturity June 5, 2028) and Florence,
                                            Kentucky (maturity January 2035). InterGroup evaluates additional refinancing opportunities
                                            to optimize liquidity and interest costs.

●Capital
                                            expenditures: Routine unit turns and building systems maintenance; larger discretionary projects
                                            are prioritized based on expected returns and market conditions.

●Investments
                                            and other: Limited marketable securities activity; InterGroup may opportunistically recycle
                                            capital via selective asset sales or refinancings, subject to market conditions.

InterGroup
also provides liquidity to Portsmouth through an unsecured related-party revolving credit facility (see “Related Party Credit Facility
– InterGroup