Portsmouth Square, Inc. reported Q1 FY2026 results, showing improvements in hotel key performance indicators and a stable financial position.
The company's hotel revenue increased by 5.1% year-over-year, with notable growth in food & beverage and other operating departments.
Despite a decrease in operating income before interest, depreciation & amortization, Portsmouth Square, Inc. maintained a strong cash reserve of approximately $10.1 million.
GAAP Net Loss
Q1 FY2026 saw a GAAP net loss of ($2,585,000) compared to ($1,872,000) in Q1 FY2025.
Hotel Revenue Growth
Hotel revenue reached $12,418,000 in Q1 FY2026, up from $11,820,000 in Q1 FY2025, marking a 5.1% increase year-over-year.
Hotel KPIs
Key performance indicators showed positive trends, with Average Daily Rate (ADR) up by 3.8%, Revenue per Available Room (RevPAR) increasing by 2.5%, and occupancy at 95%.
Cash Position
As of September 30, 2025, Portsmouth Square, Inc. had a total of $10,131,000 in cash, cash equivalents, and restricted cash.
- The company's CEO and President highlighted the improving conditions in the San Francisco hospitality market, emphasizing stability and growth in revenue.
- Portsmouth Square, Inc. remains focused on rate discipline, cost controls, and strategic merchandising to capitalize on the normalization of demand in San Francisco.
Portsmouth Square, Inc.'s Q1 FY2026 results demonstrate progress in revenue generation and financial stability amidst evolving market conditions. The company's strategic approaches to manage costs and optimize revenue have positioned it for continued growth in the hospitality sector.