Company: INTG
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006758
Chunk: 3

Company: INTERGROUP CORP
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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D
CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

    For the six months ended December 31, 
    2024  
    2023 
  
    Revenues: 

    Hotel 
    $21,785,000  
    $21,318,000 
  
    Real
    estate 
     9,562,000  
     8,513,000 
  
    Total
    revenues 
     31,347,000  
     29,831,000 

    Costs and operating expenses: 

    Hotel operating expenses 
     (17,847,000) 
     (18,686,000)
  
    Real estate operating expenses 
     (4,665,000) 
     (5,162,000)
  
    Depreciation and amortization
    expenses 
     (3,316,000) 
     (3,084,000)
  
    General
    and administrative expenses 
     (1,537,000) 
     (2,649,000)
  
    Total costs and operating
    expenses 
     (27,365,000) 
     (29,581,000)

    Income from operations 
     3,982,000  
     250,000 

    Other (expense) income: 

    Interest expense - mortgages 
     (7,044,000) 
     (4,461,000)
  
    Net unrealized loss on
    marketable securities 
     (214,000) 
     (390,000)
  
    Net unrealized (loss) gain on marketable securities 
     (214,000) 
     (390,000)

    Net realized (loss) gain
    on marketable securities 
     (255,000) 
     1,365,000 
  
    Dividend and interest income 
     121,000  
     270,000 
  
    Trading
    and margin interest expense 
     (661,000) 
     (703,000)
  
    Total
    other expense, net 
     (8,053,000) 
     (3,919,000)

    Loss before income taxes 
     (4,071,000) 
     (3,669,000)
  
    Income tax expense 
     (478,