Company: INTG
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021858
Chunk: 3

Company: INTERGROUP CORP
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 3
---
,000 and a net unrealized gain of $788,000.

-22-

Tax
Estimates

The
Company and its subsidiary, Portsmouth, compute and file income tax returns separately and prepare discrete income tax provisions for
financial reporting purposes. Income tax expense for the three months ended September 30, 2025 and September 30, 2024 primarily reflects
the combined income tax effect of Portsmouth’s pretax loss(which includes Hotel operations) and InterGroup’s standalone pretax
income. Both entities file their respective federal and state income tax returns on a calendar-year basis.

MARKETABLE
SECURITIES 

The
following table shows the composition of the Company’s marketable securities portfolio as of September 30, 2025 and June 30, 2025
by selected industry groups.

    % of Total 
  
    As of September 30, 2025 
       
    Investment 
  
    Industry
    Group 
    Fair
    Value  
    Securities 

    REITs and real estate companies 
    $964,000  
     99.8%
  
    Technology 
     2,000  
     0.2%
  
    Total 
    $966,000  
     100.0%

    % of Total 
  
    As of June 30, 2025 
       
    Investment 
  
    Industry
    Group 
    Fair
    Value  
    Securities 

    REITs and real estate companies 
    $966,000  
     99.70%
  
    Technology 
     3,000  
     0.30%

    $969,000  
     100.00%

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

    For the three
    months ended September 30, 
    2025  
    2024 
  
    Net gain on marketable securities 
    $136,000  
    $129,000 
  
    Dividend and interest income 
     2,000  
     87,000 
  
    Margin interest expense 
     (188,000) 
     (209,000)
  
    Trading and management
    expenses 
     (109,000) 
     (115,000)
  
    Net
    loss from investment transactions 
    $(159,000)