Portsmouth Square Q1 FY2026 net loss widens to $2.6M; hotel revenue up 5% but costs rise

PORTSMOUTH SQUARE INC

2026-Q1 EPS reported -$3.52 revenue$12,418,000

Net loss of $2.585M vs. $1.872M in Q1 FY2025; EBITDA fell 38.2% to $1.655M.
Hotel revenue up 5.1% to $12.418M; OIBDA dropped 36% to $1.937M on 19.2% higher operating expenses.
ADR $218 (+3.8%), occupancy 95% (-1 pt), RevPAR $207 (+2.5%).
Cash & restricted cash $10.131M; management says going-concern doubt alleviated after March 2025 refinancing.
CEO cites improving San Francisco convention calendar and tourism; macroeconomic risks remain.

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