The InterGroup (INTG) Q1 2026 earnings summary

Executive summary

• Q1 FY2026 saw real estate segment income rise 20.1% year-over-year, with hotel KPIs showing improvement in ADR and RevPAR despite a slight dip in occupancy.

• Consolidated GAAP net loss was $1,159,000, with EBITDA (Non-GAAP) down 9.7% year-over-year to $4,526,000.

• Management noted stabilization and recovery in the San Francisco hospitality market and continued focus on liquidity and risk management.

Financial highlights

• Real estate revenues increased 8.0% year-over-year to $5,495,000, with segment income up 20.1% to $3,157,000.

• Hotel revenues rose 5.1% to $12,418,000, with rooms, food & beverage, and other departments all posting gains.

• Net loss attributable to the company was $535,000, compared to $398,000 in the prior year.

• Marketable securities generated a net gain of $136,000.

• Cash, cash equivalents, and restricted cash totaled $13,391,000 at quarter-end.

Outlook and guidance

• Management expects continued stabilization in the San Francisco hospitality market, supported by improving convention and tourism trends.

• Focus remains on leasing, recoveries, and expense control in real estate, and optimizing rate and channel mix in hospitality.