The InterGroup Corporation (INTG) reported a significant earnings turnaround for fiscal Q2 2026, announcing a net income per share of 71 cents, compared to a net loss of $1.26 per share during the same quarter last year. The company’s total revenues rose by 20%, reaching $17.3 million, up from $14.4 million. The improvement in net income, totaling $1.5 million, was attributed to stronger operating performance and a $3.5 million gain from the sale of real estate.
Key performance metrics for the hotel segment show a 27% year-over-year increase in hotel revenue, totaling $12.7 million. Average daily rates (ADR) climbed to $234 from $190, while occupancy improved to 92%, versus 88% previously. However, challenges in the San Francisco hospitality market persist, affecting business travel and overall growth prospects.
As of December 31, 2025, InterGroup reported $6.6 million in cash and cash equivalents, with total assets at $101.1 million and liabilities at $215.7 million, resulting in a shareholders’ deficit of $114.5 million.
