InterGroup returns to profit in FY26 with net income of $336,000; operating income rises 55% to $11.87 million
INTG•InterGroup reported net income of $336,000 in fiscal 2026, compared with a net loss of $7.55 million a year earlier. Operating income rose 55% to $11.87 million, while hotel revenue climbed about 20% to $55.8 million.
1. Fiscal 2026 results
InterGroup swung to net income of $336,000 from a net loss of $7.55 million a year earlier. Income from operations rose 55% to $11.87 million, while mortgage interest expense fell 7.02% to $12.67 million.
2. Hotel and securities results
Hotel segment income increased 43.42% to $12.52 million as average daily rate rose about 16% to $253 and occupancy increased 3 percentage points to 95%. Marketable securities posted a net gain of $953,000, compared with a net loss of $1.35 million, while net loss from securities operations narrowed to $213,000.
