NewsHK
The InterGroup Corporation reported a return to GAAP net income for the fiscal year ended June 30, 2026, driven by broad-based improvements across its three reportable segments.
The Los Angeles-based company recorded GAAP net income of $0.336 million, a reversal from a net loss of $7.547 million in the prior fiscal year.
Total revenues rose approximately 15% year-over-year to $73.951 million, while income from operations increased by approximately 55% to $11.866 million.
Hotel Operations, conducted through majority-owned subsidiary Portsmouth Square, Inc., was the primary driver of the performance shift.
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