The InterGroup (INTG) Q2 2026 earnings summary

Executive summary

• Net income of $962,000 for the quarter ended December 31, 2025, compared to a net loss of $3,697,000 in the prior year, driven by a $3,508,000 gain on sale of real estate and improved operating results.

• Six-month net loss narrowed to $197,000 from $4,549,000 year-over-year, with income from operations rising to $4,747,000 from $3,982,000.

• Hotel operations showed reduced net loss due to higher room revenues and lower mortgage interest expense.

Financial highlights

• Three-month total revenues increased to $17,301,000 from $14,441,000 year-over-year; hotel revenues rose 27% to $12,661,000.

• Net income attributable to shareholders was $1,515,000 for the quarter, up from a loss of $2,725,000.

• Six-month revenues reached $35,214,000, up from $31,347,000; real estate revenues increased to $10,135,000.

• Gain on sale of a Los Angeles multifamily property contributed $3,508,000.

Outlook and guidance

• Liquidity remains stable following a March 2025 refinancing of hotel debt; management forecasts adequate liquidity for the next twelve months.

• Ongoing market pressures in San Francisco hospitality are being addressed through cost controls and capital preservation.