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PRSI Portsmouth Square

Portsmouth Square, Inc. engages in the acquisition of hotel property through the general and limited partnership interest in Justice Investors LLP. It operates through the Hotel Operations and Investment Transactions segments. The company was founded on July 6, 1967 and is headquartered in Los Angeles, CA.

Company profile

Ticker
PRSI
Exchange
CEO
John V. Winfield
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
941674111

PRSI stock data

(
)

Calendar

29 Jan 21
18 Apr 21
30 Jun 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jun 20 Jun 19 Jun 18 Jun 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 7.19M 7.19M 7.19M 7.19M 7.19M 7.19M
Cash burn (monthly) 1.66M 1M 1.5M 1.3M 1.63M 1.23M
Cash used (since last report) 6M 3.62M 5.43M 4.69M 5.9M 4.46M
Cash remaining 1.19M 3.57M 1.76M 2.5M 1.28M 2.73M
Runway (months of cash) 0.7 3.6 1.2 1.9 0.8 2.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Mar 21 Intergroup COMMON STOCK Other Aquire J No No 40 200,880 8.04M 523,267
5 Mar 21 Winfield John V COMMON STOCK Other Aquire J No No 40 18,641 745.64K 541,908
5 Mar 21 Winfield John V COMMON STOCK Other Aquire J Yes No 40 200,880 8.04M 523,267
2 Mar 21 Intergroup COMMON STOCK Other Aquire J No No 40 222,118 8.88M 322,387
2 Mar 21 Winfield John V COMMON STOCK Other Aquire J Yes No 40 222,118 8.88M 322,387
26 Jun 20 Intergroup COMMON STOCK Buy Aquire P No No 36 1,040 37.44K 99,602
13 Feb 20 Babin C Jerold common stock Sell Dispose S No No 92 667 61.36K 47,678

Financial report summary

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Management Discussion
  • The Company’s principal source of revenue continues to be derived from its general and limited partnership interest in the Justice Investors Limited Partnership (“Justice” or the “Partnership”) inclusive of hotel room revenue, food and beverage revenue, garage revenue, and revenue from other operating departments. Justice owns the Hotel and related facilities, including a five-level underground parking garage. The financial statements of Justice have been consolidated with those of the Company.
  • The Hotel is operated by the Partnership as a full-service Hilton brand hotel pursuant to a Franchise License Agreement (the “License Agreement”) with Hilton. The Partnership entered into the License Agreement on December 10, 2004. The term of the License Agreement was for an initial period of 15 years commencing on the opening date, with an option to extend the License Agreement for another five years, subject to certain conditions. On June 26, 2015, the Partnership and Hilton entered into an amended franchise agreement which extended the License Agreement through 2030, modified the monthly royalty rate, extended geographic protection to the Partnership and also provided the Partnership certain key money cash incentives to be earned through 2030. The key money cash incentives were received on July 1, 2015.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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Registration and prospectus

No filings