Highest-materiality recent filing
Portsmouth Square shareholders elect directors, ratify auditor at annual meeting
Directors elected: John V. Winfield, William J. Nance, Yvonne L. Murphy, Steve Grunwald, Andrew J. Kaplan; each received >593,000 for votes with ~28,000 broker non-votes.
Portsmouth Square Q3 hotel rev +35% to $16.5M; posts net income $0.57M vs loss
Hotel revenues $16.497M, up 35% YoY; RevPAR $287 vs $215, ADR $306 vs $241, occupancy 94% vs 89%.
Portsmouth Square confirms Whitley Penn as auditor after completing acceptance procedures
Whitley Penn LLP completed its client acceptance and independence procedures on March 26, 2026.
Portsmouth Square dismisses WithumSmith+Brown, appoints Whitley Penn as auditor
Dismissed WithumSmith+Brown, PC as independent auditor effective March 19, 2026.
Portsmouth Square Q2 fiscal 2026 hotel revenue up 27% YoY to $12.66M; net loss narrows to $2.29M
Hotel revenue $12.661M (+27% YoY); net loss $2.291M ($3.12/sh) vs $4.036M ($5.50) prior year.
Director John C. Love resigns; Andrew Kaplan appointed to board
John C. Love resigned from Portsmouth Square board effective Jan 6, 2026; no disagreement with company.
Portsmouth Square Q1 FY2026 net loss widens to $2.6M; hotel revenue up 5% but costs rise
Net loss of $2.585M vs. $1.872M in Q1 FY2025; EBITDA fell 38.2% to $1.655M.
Portsmouth Square reports FY2025 results; going-concern doubt alleviated after March refinancing
Hotel revenue $46.4M (+10.7% YoY); occupancy 92% (up 10 pts); RevPAR $200 (+13%).
All five director nominees elected at annual meeting; auditor ratified
Five directors elected: John V. Winfield, William J. Nance, Yvonne L. Murphy, Steve Grunwald, John C. Love.
Portsmouth Square subsidiary refinances Hilton SF hotel with $67M mortgage and $36.3M mezzanine loan
Mortgage loan of $67M at SOFR + 4.80% with interest rate cap limiting Term SOFR to 4.50%.
Portsmouth Square receives loan default notice; $97M debt may be accelerated
Notice of termination event received Jan 3, 2025; Justice failed to pay $97M principal by forbearance deadline Jan 1.
Portsmouth Square shareholders elect all director nominees and ratify auditor at 2024 annual meeting
All five director nominees elected with ~577k votes for, ~52k against, and ~27k broker non-votes.
Portsmouth Square subsidiary enters loan forbearance, requires $8.6M paydown
Forbearance on mortgage loan with U.S. Bank until Jan 1, 2025; regular payments continue.
On Jan 4, 2024, Justice Operating Company received a notice of default on $97M in loans from institutional lenders.
Portsmouth Square annual meeting elects directors and ratifies auditor
All five management nominees elected as directors: John V. Winfield, Yvonne L. Murphy, John C. Love, William J. Nance, Steve Grunwald.
Treasurer and Controller Danfeng Xu resigns from Portsmouth Square
Danfeng Xu resigned as Treasurer and Controller effective August 31, 2022.
Portsmouth Square shareholders elect all five director nominees and ratify auditor
John V. Winfield, Jerold R. Babin, John C. Love, William J. Nance, Steve Grunwald elected as directors.
Portsmouth Square's auditor Moss Adams resigns; Withum Smith & Brown appointed
Moss Adams resigned as auditor effective Dec 10, 2021; no adverse opinions or disagreements in FY2020 and FY2021.
On August 31, 2022, Danfeng Xu resigned as the Treasurer and Controller of Portsmouth Square, Inc. effective immediately.
Max materiality 0.85 · Median 0.38 · Most common event other