The InterGroup Corporation is a Delaware corporation formed in 1985, as a successor to Mutual Real Estate Investment Trust, a New York real estate investment trust created in 1965.
Over the years, the Company has evolved into a diversified operating company with operations in multi-family and commercial real estate and an interest in the hospitality industry through its investment in the Hilton San Francisco Financial District.
Management continuously seeks opportunities to build shareholder's value by improving its current operations and through its investment strategies in the national and international financial markets.
Company profile
Ticker
INTG
Exchange
Website
CEO
John V. Winfield
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Intergroup Summit Hills, Inc. • Intergroup Mariposa, Inc. • Intergroup Cross Keys, Inc. • Intergroup Bridgeton, Inc. • Intergroup Whisperwood, Inc. • Mutual Real Estate Corp. • Golden West Entertainment, Inc. • Golden West Television Productions, Inc. • Intergroup Meadowbrook Gardens, Inc. • Intergroup Pine Lake, Inc. ...
IRS number
133293645
INTG stock data
Calendar
29 Apr 22
9 Aug 22
30 Jun 23
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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| Annual (USD) | Jun 21 | Jun 20 | Jun 19 | Jun 18 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 14.28M | 14.28M | 14.28M | 14.28M | 14.28M | 14.28M |
| Cash burn (monthly) | 2.18M | 187.25K | 528K | 196.75K | 1.43M | 401.33K |
| Cash used (since last report) | 9.39M | 806.71K | 2.27M | 847.64K | 6.14M | 1.73M |
| Cash remaining | 4.89M | 13.47M | 12M | 13.43M | 8.13M | 12.55M |
| Runway (months of cash) | 2.2 | 71.9 | 22.7 | 68.3 | 5.7 | 31.3 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 Jan 22 | Winfield John V | COMMON STOCK | Option exercise | Acquire M | No | No | 0 | 90,000 | 0 | 1,453,179 |
| 21 Jan 22 | Winfield John V | COMMON STOCK | Payment of exercise | Dispose F | No | No | 50.7 | 35,094 | 1.78M | 1,363,179 |
| 21 Jan 22 | Winfield John V | Employee Incentive Stock Option COMMON STOCK | Option exercise | Dispose M | No | No | 19.77 | 90,000 | 1.78M | 0 |
| 30 Sep 21 | John C Love | common stock | Sell | Dispose S | No | No | 45.2869 | 1,600 | 72.46K | 17,561 |
| 5 Mar 21 | Intergroup | COMMON STOCK | Other | Acquire J | No | No | 40 | 200,880 | 8.04M | 523,267 |
| 2 Mar 21 | Intergroup | COMMON STOCK | Other | Acquire J | No | No | 40 | 222,118 | 8.88M | 322,387 |
Institutional ownership, Q1 2022
6.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 6 |
| Opened positions | 5 |
| Closed positions | 0 |
| Increased positions | 1 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 7.63M |
| Total shares | 146.81K |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| TFC Truist Financial | 118.95K | $6.19M |
| Vanguard | 18.67K | $971K |
| Dimensional Fund Advisors | 5.37K | $271K |
| BLK Blackrock | 3.35K | $174K |
| Prospera Financial Services | 365 | $19K |
| MS Morgan Stanley | 102 | $5K |
| Proequities | 0 | $0 |
Financial report summary
?Management Discussion
- As of June 30, 2021, the Company owned approximately 74.9% of the common shares of Portsmouth Square, Inc. Historically, the Company’s principal sources of revenue continues to be derived from the general and limited partnership interests of its subsidiary, Portsmouth, in the Justice Investors limited partnership (“Justice” or the “Partnership”), rental income from its investments in multi-family and commercial real estate properties, and income received from investment of its cash and securities assets. Justice owns a 544-room hotel property located at 750 Kearny Street, San Francisco, California 94108, known as the “Hilton San Francisco Financial District” (the “Hotel” or the “Property”) and related facilities, including a five-level underground parking garage. The financial statements of Justice have been consolidated with those of the Company. However, the impact of the COVID-19 pandemic is highly uncertain and management expects that the ongoing length and severity of the economic downturn will have a material adverse impact on our business, financial condition, liquidity and financial results.
Content analysis
?| Positive | ||
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H.S. freshman Avg
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New words:
agent, Berkshire, BRKA, Cloud, discouraged, entry, frequent, Game, grew, half, Hathaway, hosting, intercompany, lifted, midweek, momentum, multiplying, optimism, Paramount, PARAP, people, preferred, proved, pushing, recommend, recover, roughly, softest, steadily, steady, stopped, strong, summer, surrendering, testing, trend, union, vested
Removed:
advantage, amend, compute, discrete, file, isolation, Jersey, Parsippany, prepare, pretax
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
27 May 22
8-K
Changes in Registrant's Certifying Accountant
2 Feb 22
8-K
Submission of Matters to a Vote of Security Holders
25 May 21
8-K
Other Events
15 May 20
8-K
Submission of Matters to a Vote of Security Holders
2 Mar 20
8-K
Entry into a Material Definitive Agreement
7 Feb 20
8-K
Submission of Matters to a Vote of Security Holders
5 Mar 19
8-K
Submission of Matters to a Vote of Security Holders
4 Mar 18
8-K
Changes in Registrant's Certifying Accountant
20 Nov 17
8-K
Departure of Directors or Certain Officers
19 Oct 17
Other
UPLOAD
Letter from SEC
14 Oct 19
CORRESP
Correspondence with SEC
7 Oct 19
UPLOAD
Letter from SEC
25 Sep 19
UPLOAD
Letter from SEC
27 Aug 12
CORRESP
Correspondence with SEC
26 Jul 12
UPLOAD
Letter from SEC
21 Jun 12
CORRESP
Correspondence with SEC
29 May 12
UPLOAD
Letter from SEC
8 Apr 12
CORRESP
Correspondence with SEC
15 Mar 12
UPLOAD
Letter from SEC
7 Feb 12
Ownership
SC 13G
INTERGROUP / TRUIST FINANCIAL ownership change
17 Mar 22
4
INTERGROUP / JOHN V WINFIELD ownership change
26 Jan 22
4
INTERGROUP / JOHN C LOVE ownership change
1 Oct 21
4
Change in insider ownership
10 Mar 21
SC 13G
INTERGROUP / TRUIST FINANCIAL ownership change
17 Feb 21
4
INTERGROUP / BABIN C JEROLD ownership change
29 Sep 20
4
Change in insider ownership
30 Jun 20
4
Change in insider ownership
22 Jun 20
4
Change in insider ownership
25 Mar 20
SC 13G
Beneficial ownership report
12 Feb 20
Reddit threads
Daily Discussion Thread - February 16th, 2022
16 Feb 22
Daily Discussion Thread - February 11th, 2022
11 Feb 22
Daily Discussion Thread - February 10th, 2022
10 Feb 22
Daily Discussion Thread - February 9th, 2022
9 Feb 22
Daily Discussion Thread - February 8th, 2022
8 Feb 22
Daily Discussion Thread - February 4th, 2022
4 Feb 22
Daily Discussion Thread - February 3rd, 2022
3 Feb 22
Daily Discussion Thread - February 2nd, 2022
2 Feb 22
Daily Discussion Thread - February 1st, 2022
1 Feb 22
Daily Discussion Thread - December 7th, 2021
7 Dec 21