Company: INTG
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006758
Chunk: 37

Company: INTERGROUP CORP
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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31, 2024 from $4,096,000 for the three months
ended December 31, 2023 primarily due to decrease in vacancy at its Missouri property which is rebranding and is undergoing renovation.
Real estate operating expenses decreased to $2,208,000 from $2,806,000 year-over-year due to decreased repairs and maintenance. Management
continues to review and analyze the Company’s real estate operations to improve occupancy and rental rates and to reduce expenses
and improve efficiencies.

Investment
Transactions

The
Company had a net loss on marketable securities of $598,000 for the three months ended December 31, 2024 compared to a net gain on marketable
securities of $1,760,000 for the three months ended December 31, 2023. For the three months ended December 31, 2024, the Company had
a net realized gain of $404,000 and a net unrealized loss of $1,002,000. For the three months ended December 31, 2023, the Company had
a net realized gain of $1,471,000 and a net unrealized gain of $289,000. Gains and losses on marketable securities may fluctuate significantly
from period to period in the future and could have a significant impact on the Company’s results of operations. However, the amount
of gain or loss on marketable securities for any given period may have no predictive value and variations in amount from period to period
may have no analytical value. For a more detailed description of the composition of the Company’s marketable securities see the
Marketable Securities section below.

Six
Months Ended December 31, 2024 Compared to Six Months Ended December 31, 2023

The
Company had net loss of $4,549,000 for the six months ended December 31, 2024 compared to net loss of $3,773,000 for the six months ended
December 31, 2023. The change is primarily attributable to increase in mortgage interest expense from 4% default additional interest
rate.

Hotel
Operations

The
Company had net loss from Hotel operations of $3,563,000 for the six months ended December 31, 2024 compared to net loss of $2,284,000
for the six months ended December 31, 2023. The change is primarily attributable to increase in mortgage interest expense from 4% default
additional