InterGroup returns to profit in FY26 with net income of $336,000; operating income rises 55% to $11.87 million
Bitget2026/09/28 17:06- InterGroup swung to net income of 336,000 in fiscal 2026 from a net loss of USD 7.55 million a year earlier.
- Income from operations rose 55% to USD 11.87 million, and mortgage interest expense fell 7.02% to USD 12.67 million.
- Hotel revenue climbed about 20% to USD 55.8 million, while hotel segment income increased 43.42% to USD 12.52 million.
- Average daily rate rose about 16% to USD 253, and occupancy increased 3 percentage points to 95%.
- Marketable securities posted a net gain of USD 953,000 versus a net loss of USD 1.35 million, while net loss from securities operations narrowed to USD 213,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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