Los Angeles, CA, Nov. 17, 2025 (GLOBE NEWSWIRE) -- The InterGroup Corporation (“InterGroup” or the “Company”) reported results for the three months ended September 30, 2025. Management continues to conclude that the prior going-concern doubt at majority-owned subsidiary Portsmouth Square, Inc. was alleviated as of June 30, 2025 following its hotel refinancing, and no substantial doubt exists for at least twelve months from the issuance date of the Company’s financial statements. Fiscal Q1 2026 Highlights (v ...

Core Insights - The InterGroup Corporation reported improved financial results for the fiscal year ended June 30, 2025, with significant gains in hotel and real estate segment income, increased liquidity, and alleviation of going-concern uncertainty at Portsmouth Square, Inc. [1][5] FY2025 Highlights - Consolidated EBITDA increased by 131.7% year over year to $13.2 million, driven by stronger hotel performance and higher real estate segment income [5][7] - The company achieved a net loss of $7.5 million, a 39.9% decrease from the previous year's loss of $12.6 million [6] - The hotel operations segment income rose by 51.9% to $8.7 million, while real estate operations segment income increased by 31.9% to $8.5 million [6] Operating Detail - Hotel occupancy reached 92%, up from 82% in FY2024, with an average daily rate (ADR) of $218 and revenue per available room (RevPAR) of $200, reflecting a 13.0% increase [6] - The comprehensive renovation of the hotel was completed in June 2024, contributing to full room availability throughout FY2025 [6] - Liquidity improved significantly, with cash and equivalents at $15.2 million, a 74.8% increase from $8.7 million in FY2024 [6] Segment Performance - Hotel Operations: Segment income of $8.7 million, with revenues of $46.4 million and operating expenses of $37.6 million [6] - Real Estate Operations: Segment income of $8.5 million, focusing on property operations and capital expenditures to support long-term value [6] - Investing Transactions: Segment loss of $2.5 million, reflecting market volatility and portfolio concentration [6] Additional Notes - The company regained compliance with Nasdaq listing requirements [6] - Portsmouth Square, Inc. alleviated going-concern uncertainty following refinancing and improved operations [6]

Core Insights - Marex Group (NASDAQ: MRX) experienced a significant stock market performance, with shares rising nearly 12% following the release of preliminary third-quarter figures, outperforming the S&P 500's 0.6% increase [1] Financial Performance - For the third quarter ending September 30, Marex estimated revenue between $475 million and $485 million, indicating substantial growth from $391 million in the same quarter of 2024 [2] - The company anticipates GAAP net profit to be between $70 million and $73 million, compared to $58 million in the third quarter of 2024. Non-GAAP adjusted profit per share is projected at $0.92 to $0.97, up from $0.76 a year ago [3] Management Commentary - CEO Ian Lowitt stated that the recent performance reflects the strength and resilience of the company's franchise, designed to grow across various market environments [4] Upcoming Events - Official audited results are set to be published on November 6, accompanied by a management conference call, which will provide further insights into the quarter's performance [4]

Financial Performance - SharpLink's stock dips 10% after Q2 results [1] - SharpLink posts $103 million GAAP loss in Q2 [1]

Core Insights - Cra International (CRAI) reported record GAAP revenue of $186.9 million and non-GAAP EPS of $1.88 for Q2 FY2025, exceeding Wall Street expectations [1][2] - Net income (GAAP) increased by 85.4% year over year to $12.1 million, driven by strong demand across key practices [1][2] Financial Performance - GAAP revenue rose 9.0% from Q2 FY2024, with significant contributions from various service lines, particularly Antitrust & Competition Economics and Energy practices [5][6] - Non-GAAP EBITDA was $23.3 million, reflecting a 4.5% increase from the previous year [2] - Operating margin (GAAP) improved to 10.6%, up from 6.6% in Q2 FY2024, while non-GAAP EBITDA margin narrowed by 0.6 percentage points to 12.4% [7] Business Overview - Cra International specializes in consulting services related to economics, finance, and management, focusing on complex legal and regulatory matters [3] - The firm has a strong repeat client base and a highly educated team, with about 75% of senior consultants holding advanced degrees [4] Growth Drivers - The company is targeting long-term growth through diversified service offerings and a broad international reach, which helps mitigate risks from market fluctuations [4] - Strong client demand was evident across multiple practices, with notable growth in Antitrust, Energy, Intellectual Property, and Labor & Employment consulting [5][6] Shareholder Returns - The company returned $46.6 million to shareholders, including $43.2 million in share repurchases and $3.4 million in dividends, announcing a new quarterly dividend of $0.49 per share [8] Future Outlook - Management raised FY2025 revenue guidance to $730 million to $745 million, reflecting strong first-half performance [9] - Key issues to monitor include headcount trends, as consultant numbers declined by 3.2% year over year, despite high utilization rates [10]

Core Viewpoint - AvalonBay Communities reported strong Q2 FY2025 earnings, with Core FFO per share of $2.82, exceeding analyst estimates significantly, indicating robust operational performance despite moderating growth trends [1][5][14] Financial Performance - Core FFO per share increased by 1.8% year-over-year from $2.77 in Q2 2024 to $2.82 in Q2 2025 [2] - GAAP EPS rose to $1.88, a 5.6% increase from $1.78 in Q2 2024 [2] - Residential revenue reached $689.1 million, up 3.0% from $669.1 million in Q2 2024 [2] - Same Store Residential Net Operating Income (NOI) grew by 2.7% to $477.2 million [2][5] Business Overview - AvalonBay specializes in multifamily rental communities in high-demand U.S. metro regions, holding interests in 315 properties with a total of 97,212 apartment homes [3] - The company focuses on high-barrier and expansion markets, targeting areas with strong job growth and high housing costs [3] Operational Strategy - The business model emphasizes in-house development and redevelopment of apartment properties, with a focus on operational efficiency and technology adoption [4] - Recent capital reallocations target expanding regions such as Texas, Florida, and the Carolinas, alongside established coastal markets [4] Development Activities - AvalonBay completed the Avalon Princeton on Harrison project with 200 homes at a total capital cost of $79 million and initiated new projects in Florida and North Carolina totaling 624 homes and $210 million [7] - The company is currently managing 20 wholly owned developments with 7,299 homes and a total cost of $2.78 billion [7] Financial Position - As of Q2 2025, AvalonBay had $102.8 million in unrestricted cash and no borrowings under its $2.5 billion credit facility, indicating strong liquidity [10] - The company issued $400 million in unsecured notes in July 2025 to extend its debt maturity profile [11] Future Outlook - For FY2025, management provided Core FFO per share guidance of $11.19–$11.59, with a midpoint of $11.39, indicating stability [14] - Same Store portfolio growth is expected between 2.3% and 3.3% for revenue, with operating expense growth projected at 2.6%–3.6% [14]

Financial Data and Key Metrics Changes - Total company service revenue increased by 11% to $40.8 million compared to the second quarter of last year [7] - Adjusted EBITDA grew by 23% to $5.4 million, driven by service revenue growth and cost discipline [7] - Net income attributable to Altisource improved to $16.6 million from a net loss of $8.3 million in the same quarter of 2024 [8] - Income before tax improved to $200,000 from a loss of $7.6 million in the second quarter of 2024 [8] - The corporate segment's adjusted EBITDA loss was $7.5 million, slightly higher than the previous year [14] Business Line Data and Key Metrics Changes - The servicer and real estate segment reported service revenue of $32 million, a 10% increase year-over-year [9] - Adjusted EBITDA for the servicer and real estate segment was $12 million, up 8% from the previous year, with a slight decline in margins due to revenue mix [10] - The origination segment's service revenue increased by 13% to $8.8 million, with adjusted EBITDA improving by 81% to $900,000 [11][12] Market Data and Key Metrics Changes - The residential mortgage delinquency rate remained low at 1.2% in May, with foreclosure starts increasing by 15% in April 2025 compared to the same period in 2024 [15] - Industry-wide origination unit volume increased by 27% in the second quarter compared to the same quarter last year [15] Company Strategy and Development Direction - The company is focusing on businesses with growth potential, including renovation, Granite Construction Risk Management, Lenders One, Hubzu Marketplace, and Foreclosure Trustee [13] - The success of these initiatives is not dependent on an increase in foreclosure starts or a growing residential loan origination market [14] - The company aims to maintain cost discipline while leveraging a strong sales pipeline to drive future growth [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's performance in a low delinquency environment and highlighted the potential for accelerated growth if loan delinquencies and foreclosure activities increase [17] - The company is well-positioned to benefit from stronger revenue and adjusted EBITDA growth in its countercyclical businesses [17] Other Important Information - The company ended the quarter with $30 million in unrestricted cash [8] - The estimated total weighted average sales pipeline for the real estate segment was $25.3 million [11] Q&A Session Summary Question: Inquiry about working capital build - Management indicated that the working capital activities were normal and there was nothing unusual in the quarter [20][21]