Portsmouth Square FY26 net loss narrows to $5.41 million; revenue rises 20% to $55.8 million
Bitget2026/09/28 16:52- Portsmouth Square posted a net loss of USD 5.41 million, narrowing from USD 9.11 million a year earlier.
- Total Hotel revenue rose about 20% to USD 55.8 million; average daily rate climbed 16% to USD 253.
- Average occupancy increased 3 percentage points to 95%, lifting RevPAR about 20% to USD 239.
- Hotel operating expenses increased to USD 43.27 million from USD 37.63 million, and segment income rose to USD 12.52 million.
- Cash from operations was USD 3.9 million versus cash used of USD 2.15 million, while cash and equivalents ended at USD 4.98 million.
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