Company: INTG
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021858
Chunk: 2

Company: INTERGROUP CORP
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 2
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 interest expense, depreciation, and amortization
on total operating revenues of $12,418,000. For the three months ended September 30, 2024, the Hotel had operating income of $3,028,000
before interest expense, depreciation, and amortization on total operating revenues of $11,820,000.

The
following table sets forth the average daily room rate, average occupancy percentage and RevPAR of the Hotel for the three months ended
September 30, 2025 and 2024.

    Three
                                            Months  Ended
                                            September 30, 
    Average Daily
                                            Rate  
    Average Occupancy
                                            %  
     RevPAR 

    2025 
    $218  
     95% 
    $207 
  
    2024 
    $210  
     96% 
    $202 

The
Hotel’s revenues increased by 5.1% this quarter compared to the previous comparable quarter. Average daily rate increased by $8,
average occupancy decreased by 1.0%, and RevPAR increased by $5 for the three months ended September 30, 2025 compared to the three months
ended September 30, 2024.

Real
Estate Operations

Revenue
from real estate operations increased to $5,495,000 for the three months ended September 30, 2025 from $5,086,000 for the three months
ended September 30, 2024, driven by stronger multifamily occupancy. Operating expenses decreased to $2,338,000 from $2,457,000, reflecting
reduced operating costs and improved property-level efficiency.

Investment
Transactions

The
Company had a net gain on marketable securities of $136,000 for the three months ended September 30, 2025 compared to a net gain of $129,000
for the three months ended September 30, 2024. For the quarter ended September 30, 2025, the Company recorded a net realized gain of
$20,000 and a net unrealized gain of $116,000. Given the Company’s relatively modest marketable securities balances ($966,000 at
September 30, 2025), period-to-period gains/losses are not expected to be material to consolidated results. See “Marketable Securities”
below. For the three months ended September 30, 2024, the Company had a net realized loss of $659