InterGroup Returns to Profit as Hotel Revenue Jumps 20%
INTG sits 93% above its 52-week low of $16.882.
Summary
InterGroup swung to a fiscal 2026 net income of $0.336 million from a $7.547 million loss, driven by a 20% jump in hotel revenue to $55.8 million. Hotel metrics strengthened with ADR up to $253 from $218 and occupancy at 95% vs 92%. Total revenue rose 15% to $73.95 million and income from operations climbed 55% to $11.87 million. The company also recognized a $3.5 million gain on sale of a non-core multifamily property. Management expects to exercise the first one-year extension on its $103.3 million hotel loans through April 2028. This follows the 10-K filed yesterday; today's release adds segment detail, EBITDA of $22.8 million (up 63%), and a subsequent hotel closure for bridge removal in early August.
At the time of this announcement, INTG was trading at $32.66 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $70.2M. The 52-week trading range was $16.88 to $52.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.