Portsmouth Square's Hotel Revenue Jumps 20%, Adjusted EBITDA Up 82% in Fiscal 2026
PRSI has more than doubled off its 52-week low of $1.25.
Summary
Portsmouth Square reported fiscal 2026 results with hotel revenue up 20% to $55.8 million and Adjusted EBITDA up 82% to $11.35 million. Income from operations more than doubled to $7.79 million, and the GAAP net loss narrowed by $3.7 million to $5.41 million. The improvement reflects stronger occupancy, ADR, and RevPAR as San Francisco's hospitality market recovers. The company also disclosed a 10-day hotel closure in August for bridge removal and provided liquidity details showing $13.4 million in cash and a DSCR of 1.45:1, with management expecting to exercise the first loan extension through April 2028. This is the first detailed news report of the full-year results, following the 10-K filed yesterday and an 8-K filed earlier today.
Updates
· SEC 8-K — The 8-K attaches the press release with fiscal 2026 results, including hotel revenue of $55.797 million, Adjusted EBITDA of $11.350 million, and a DSCR of 1.45:1.
At the time of this announcement, PRSI was trading at $6.86 on OTC in the Real Estate & Construction sector, with a market capitalization of approximately $5M. The 52-week trading range was $1.25 to $92.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.