earnings
confidence high
sentiment positive
materiality 0.50
Portsmouth Square FY2026: hotel revenue up 20% to $55.8M, net loss narrows to $5.4M
PORTSMOUTH SQUARE INC
- Hotel revenues rose 20% to $55.797M from $46.363M; income from operations more than doubled to $7.789M from $3.871M.
- GAAP net loss narrowed to $5.414M from $9.110M in fiscal 2025, a $3.696M improvement, for the year ended June 30, 2026.
- ADR $253 (+16%), occupancy 95% (+3 pts) and RevPAR $239 (+20%); Hotel Operations segment income $12.524M, up 43%.
- Fiscal 2025 had non-recurring items: a $1.416M debt-extinguishment gain from the March 2025 refinancing and a $1.030M Aimbridge incentive-fee waiver.
- Investment Transactions segment loss narrowed to ~$79,000 from ~$146,000, with ~$73,000 net gains on marketable securities.