Company: INTG
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021858
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Company: INTERGROUP CORP
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
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FORWARD-LOOKING
STATEMENTS AND PROJECTIONS

This
quarterly report on Form 10-Q contains “forward-looking statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding our business strategy, operating performance,
financial condition and results, liquidity and capital resources(including anticipated refinancing or repayment of indebtedness), capital
expenditures, market conditions, and other plans and objectives. These statements are not historical facts and can be identified by words
such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,”
“projects,” “seeks,” “may,” “will,” “should,” “could,” and similar
expressions.

Forward-looking
statements are based on our current expectations and assumptions and involve risks and uncertainties that could cause actual results
to differ materially. Important factors include, among others: general economic conditions; interest-rate and inflation trends;
availability and terms of financing and refinancing; operating performance of the Hilton San Francisco Financial District and
conditions in the San Francisco hospitality market; competitive dynamics in our hotel and real estate markets; labor availability
and costs; regulatory and legal developments; property-level operating risks (including maintenance, tax and insurance costs);
capital market conditions; and other risks described in our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and
in other reports we file with the SEC.

You
should not place undue reliance on forward-looking statements, which speak only as of the date of this report. We undertake no obligation
to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required
by law.

RESULTS
OF OPERATIONS

As
of September 30, 2025, the Company owned approximately 75.9% of the common shares of Portsmouth Square, Inc. The Company’s principal
sources of revenue are (i) revenues from the Hotel owned by Portsmouth, (ii) rental income from multifamily and commercial real estate,
and (iii) income from investment of cash and securities. Portsmouth’s primary asset is the 558-room Hilton San Francisco Financial
District and related facilities (including a five-level underground garage). In addition to the Hotel operations, the Company generates
income from owned and managed real estate, concentrated in Texas and Southern California.

Three
Months Ended September 30, 2025