Portsmouth Square Q3 hotel rev +35% to $16.5M; posts net income $0.57M vs loss

PORTSMOUTH SQUARE INC

2026-Q3 EPS reported -$5.86 revenue$41,576,000

Hotel revenues $16.497M, up 35% YoY; RevPAR $287 vs $215, ADR $306 vs $241, occupancy 94% vs 89%.
GAAP net income $0.571M vs net loss $0.712M YoY; hotel operating income (before interest, D&A) $5.123M vs $2.525M.
Hotel revenues exceeded Q1 2019 pre-pandemic level by ~$1.028M; management cites SF recovery and Super Bowl demand.
Cash and restricted cash $11.8M; going concern uncertainty alleviated after March 2025 refinancing.
Nine-month GAAP net loss narrowed to $4.305M from $6.620M; operating cash flow $1.869M.

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