# EDGAR Filing Document

**Accession Number:** 0000069422
**File Stem:** 0001493152-25-017648
**Filing Date:** 2025-10
**Character Count:** 9570
**Document Hash:** 7a558a2bcb288bda5c66615eeb5c8bfd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-017648.hdr.sgml**: 20251009

**ACCESSION NUMBER**: 0001493152-25-017648

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251009

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251009

**DATE AS OF CHANGE**: 20251009

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INTERGROUP CORP
- **CENTRAL INDEX KEY:** 0000069422
- **STANDARD INDUSTRIAL CLASSIFICATION:** OPERATORS OF APARTMENT BUILDINGS [6513]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 133293645
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-10324
- **FILM NUMBER:** 251385906

**BUSINESS ADDRESS:**
- **STREET 1:** 11620 WILSHIRE BOULEVARD
- **STREET 2:** SUITE 350
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025
- **BUSINESS PHONE:** (310) 889-2511

**MAIL ADDRESS:**
- **STREET 1:** 11620 WILSHIRE BOULEVARD
- **STREET 2:** SUITE 350
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUTUAL REAL ESTATE INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19860408

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): October 9, 2025

**THE INTERGROUP CORPORATION**

(Exact name of registrant as specified in its charter)

<u>Delaware</u> <u>1-10324</u> <u>13-3293645</u> <br> (State or other jurisdiction (Commission (IRS Employer <br> of incorporation) File Number) Identification No.)

<u>1516 S. Bundy Drive, Suite 200, Los Angeles, CA</u> <u>90025</u> <br> (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (310) 889-2500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<u>see</u> General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock | INTG | NASDAQ CAPITAL MARKET |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2)

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

---

| | |
|:---|:---|
| **<u>Item 9.01.</u>** | **<u>Financial Statements and Exhibits.</u>** |

---

(d) Exhibits

---

| | |
|:---|:---|
| Exhibit No. | Description |
| 99.1<br>| [Press Release, dated October 9, 2025](ex99-1.htm)<br>|
| 104 | Cover Page Interactive Data File |

---

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **THE INTERGROUP CORPORATION** | **THE INTERGROUP CORPORATION** |
| Dated: October 9, 2025 | By: | */s/ John V. Winfield* |
|  |  | Chairman of the Board; President and Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**The InterGroup Corporation Reports Fiscal Year 2025 Results; Higher Segment Income in Hotel and Real Estate, Improved Liquidity; Company Regains Nasdaq Listing Compliance**

**Los Angeles, CA — October 09, 2025 —** The InterGroup Corporation (NASDAQ: INTG) reported results for the fiscal year ended June 30, 2025, including improved segment income in Hotel and Real Estate, increased liquidity, the alleviation of going-concern uncertainty at majority-owned subsidiary Portsmouth Square, Inc., and the Company's return to compliance with Nasdaq listing requirements.

**FY2025 Highlights**

● Hotel Operations segment income $8,732,000 vs. $5,747,000 — +51.9%; Net loss improved to $(4,166,000) vs $(7,154,000)

● Real Estate Operations segment income $8,465,000 vs. $6,418,000 — +31.9%; Net Income improved to $2,599,000 vs. $992,000

● Investing Transactions segment and net loss $(2,502,000) vs. $(1,633,000) — +53.2% (greater loss).

**Operating Detail**

● Hotel
 Operations: FY2025 segment income $8,732,000 vs. $5,747,000; Occupancy 92%, ADR $218, RevPAR
 $200. Hotel revenues $46,363,000 (FY2024: $41,886,000); operating expenses $37,631,000 (FY2024:
 $36,139,000).

● Real
 Estate Operations: FY2025 segment income $8,465,000 vs. $6,418,000; continued focus on property
 operations and capex to support long-term value.

● Investing
 Transactions: FY2025 segment loss $(2,502,000) vs. $(1,633,000).

● Ownership
 note: InterGroup's results include its approximately 76% ownership interest in Portsmouth
 Square, Inc.

**KPI Note**

Occupancy represents rooms sold as a percentage of rooms available; ADR represents average room rate paid; RevPAR is ADR multiplied by occupancy.

David C. Gonzalez, Chief Operating Officer, said: "FY2025 reflects disciplined execution in our operating segments. At the Hilton San Francisco Financial District, stronger occupancy and steady rate drove meaningful improvement in Hotel segment results. In our multifamily and commercial portfolio, operating fundamentals supported higher segment income year over year. I also want to recognize our amazing hotel and real estate teams—their continued dedication and hard work are directly reflected in our performance. On a consolidated basis, EBITDA increased 131.7% year over year to $13.2 million, driven by stronger hotel performance (including the benefit of full room availability following the June 2024 renovation completion) and higher real estate segment income (see reconciliation below)."

John V. Winfield, President & CEO, added: "We're also encouraged by continuing signs of recovery in the City of San Francisco, which, alongside our ongoing property upgrades, positions the Hotel to compete effectively as conventions and business travel continue to normalize. Our investment segment recorded a loss this year amid portfolio concentration and market volatility; results in this area can vary from period to period. It's also important to remember that GAAP carries our real estate at historical cost, which can understate the intrinsic value of our assets—we remain focused on long-term value creation."

**Reconciliation of Net Loss (GAAP) to EBITDA (Non-GAAP) — (in thousands)**

---

| | | |
|:---|:---|:---|
|  | **Year Ended<br> June 30, 2025** | **Year Ended<br> June 30, 2024** |
| Net loss (GAAP) | $(7547) | $(12556) |
| Add: Income tax expense (benefit) | 548 | (83) |
| Add: Interest expense | 13556 | 12007 |
| Add: Depreciation and amortization | 6624 | 6320 |
| **EBITDA (Non-GAAP)** | **13181** | **5688** |

---

Year-over-year change in EBITDA: +131.7%.

Note: Interest expense reflects the consolidated GAAP amount per the Company's Form 10-K; intercompany/related-party interest between consolidated entities is eliminated in consolidation.

Non-GAAP Cautionary Statement: EBITDA is a non-GAAP financial measure defined by the Company as net income (loss) before interest expense, income tax expense (benefit), and depreciation and amortization. Management uses EBITDA as a supplemental measure to evaluate operating performance and liquidity. EBITDA should not be considered in isolation or as a substitute for GAAP measures, and our definition of EBITDA may differ from similarly titled measures used by other companies. The most directly comparable GAAP measure is net income (loss), which is presented with equal or greater prominence above. A reconciliation from GAAP to EBITDA is provided in the table.

**About**

The InterGroup Corporation (NASDAQ: INTG) is a diversified company with investments primarily in real estate and hospitality and, to a lesser extent, marketable securities. The Company's hotel operations consist of the Hilton San Francisco Financial District, and its real estate portfolio includes multifamily and commercial properties primarily in Texas, Missouri, Kentucky, and California.

**Forward-Looking Statements**

This press release includes forward-looking statements within the meaning of federal securities laws, which involve risks and uncertainties that could cause actual results to differ materially. These statements are based on current expectations and assumptions and are subject to risks described in InterGroup's Annual Report on Form 10-K for the year ended June 30, 2025. The Company undertakes no obligation to update forward-looking statements except as required by law.

**Investor Contact**

The InterGroup Corporation<br> (310) 889-2500 \| <u>info@intgla.com</u>