Welcome to our dedicated page for Portsmouth Sq SEC filings (Ticker: PRSI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Portsmouth Square, Inc. (PRSI) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures, including current reports and exhibits related to its lodging operations and capital structure. Portsmouth Square, Inc. is a California corporation that owns the Hilton San Francisco Financial District, a 544-room full-service hotel with extensive meeting space, a restaurant and lounge, and a multi-level parking garage. The company’s filings help investors understand how this hospitality asset is financed and governed.
Current reports on Form 8-K for Portsmouth Square, Inc. include items such as the announcement of fiscal year results, press releases, and changes in the Board of Directors. For example, the company has filed 8-Ks to furnish a press release describing its fiscal year performance and to disclose the resignation of a director and the appointment of a new director with extensive capital markets and corporate governance experience. These filings outline board determinations, committee assignments, and confirm the absence of related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.
Filings and related press releases also describe hotel refinancing transactions executed through subsidiaries, including a mortgage loan tied to the 30-day Secured Overnight Financing Rate (SOFR) plus a spread, an interest rate cap to limit SOFR exposure, and a mezzanine loan with a fixed interest rate and extension options. Investors can review how these arrangements affect interest expense, including related-party interest payable to The InterGroup Corporation, and how gains on extinguishment of debt (such as waivers of accrued default interest) are treated in non-GAAP measures like EBITDA and Adjusted EBITDA.
On this page, Stock Titan surfaces Portsmouth Square, Inc.’s SEC documents as they are filed with EDGAR and enhances them with AI-powered summaries. These summaries are designed to highlight key points from lengthy filings, such as the use of non-GAAP measures, hotel operating metrics, and governance changes, while preserving the underlying GAAP disclosures. Users can quickly locate quarterly and annual reports, current reports on material events, and exhibits such as press releases, then drill into the full text for complete details. Insider transaction information, when reported on Forms such as Form 4, can also be accessed from SEC data feeds, helping investors track ownership changes and compensation-related activity over time.
Portsmouth Square, Inc. announced that Whitley Penn LLP has completed and accepted its standard client acceptance and independence procedures and finalized its engagement as the company’s independent registered public accounting firm on March 26, 2026. This confirms and completes an appointment that had been previously disclosed as pending these routine procedures.
Portsmouth Square, Inc. changed its independent registered public accounting firm. On March 19, 2026, the company dismissed WithumSmith+Brown, PC as auditor, stating there were no disagreements or reportable events for the fiscal years ended June 30, 2025 and 2024 and through March 19, 2026.
On the same date, the Audit Committee approved the engagement of Whitley Penn LLP as the new auditor for the fiscal year ending June 30, 2026 and related interim periods, subject to completion of standard client acceptance and independence procedures and a final engagement letter. Withum provided a letter to the SEC agreeing with the company’s disclosures.
Portsmouth Square, Inc. reported stronger results for its fiscal second quarter ended December 31, 2025, as its Hilton San Francisco Financial District hotel continued to recover. Hotel revenues rose to $12.661 million from $9.965 million a year earlier, helped by higher room rates, strong occupancy and 14 guestrooms returned to inventory.
The company’s net loss narrowed to $2.291 million, or $3.12 per share, from $4.036 million, or $5.50 per share, while income from operations improved to $1.004 million from a loss of $0.264 million. Key hotel metrics improved, with ADR at $234 versus $190, occupancy at 92% versus 88%, and RevPAR at $215 versus $168.
Cash and restricted cash totaled $8.722 million as of December 31, 2025. For the six-month period, hotel revenues increased to $25.079 million from $21.785 million, and the net loss narrowed to $4.876 million from $5.908 million. Portsmouth invested about $1.431 million in capital expenditures, mainly guest-room renovations and bringing 14 rooms back into service.
Portsmouth Square, Inc. reported a smaller loss for the quarter ended December 31, 2025 as its San Francisco Hilton hotel continued to recover. Quarterly hotel revenue rose to $12.7M from $10.0M, while net loss narrowed to $2.3M from $4.0M, helped by higher room rates, occupancy, and 14 renovated rooms returned to inventory.
For the six months, hotel revenue increased to $25.1M from $21.8M and net loss improved to $4.9M from $5.9M. Cash, cash equivalents and restricted cash totaled $8.7M, with net cash used in operations of $1.6M and capital expenditures of $1.4M. The balance sheet remains highly leveraged, with total liabilities of $172.6M versus assets of $43.6M and a shareholders’ deficit of $129.0M, including a $67.0M variable-rate mortgage, a $36.3M mezzanine loan, and a $38.1M related-party credit facility bearing 9% interest. Management sees no substantial doubt about going concern after the March 2025 refinancing but highlights ongoing risks tied to the San Francisco hospitality market.
Portsmouth Square, Inc. reported that director John C. Love resigned from its Board of Directors effective January 6, 2026. The company stated that his resignation was not due to any disagreement regarding its operations, policies, or practices, indicating an orderly board transition rather than a dispute.
On the same date, the Board appointed Andrew Kaplan as a new director, effective immediately. Kaplan has over 30 years of experience in financial public relations and capital markets and has helped source over $500 million in capital for public and private companies. He has previously served on multiple public company boards and currently consults on institutional outreach, analyst engagement, financings, mergers and acquisitions, and corporate governance. The Board determined he is well-suited for the role and he will receive the company’s standard compensation for non-employee directors.
Portsmouth Square (PRSI) reported a wider quarterly loss while modestly growing hotel revenue. For the three months ended September 30, 2025, total hotel revenue was $12,418,000, up 5.1% from $11,820,000 a year ago. Net loss was $2,585,000 versus $1,872,000, reflecting higher expenses and increased related-party interest. Basic and diluted loss per share was $3.52 on 734,187 shares.
Hotel operating income before interest, depreciation and amortization was $1,937,000, down from $3,028,000. Rate and demand indicators were steady: average daily rate was $218 (from $210), occupancy was 95% (from 96%), and RevPAR rose to $207 (from $202).
Liquidity remained adequate but tighter. Cash and cash equivalents were $4,337,000, restricted cash was $5,794,000, and marketable securities were $151,000. Operating cash used was $617,000, and capital expenditures totaled $974,000, including renovating 14 rooms returned to inventory. Debt service weighed on results, with mortgage interest expense of $2,493,000 and related-party interest of $872,000. Mortgage notes payable, net, were $101,766,000 and related-party notes payable were $38,108,000; accounts payable to related party were $17,788,000.
Management reaffirmed its going‑concern view as stable following the March 28, 2025 refinancing of a $67,000,000 senior mortgage (Term SOFR + 4.75%, interest-only) and a $36,300,000 mezzanine loan at 7.25%.
Portsmouth Square, Inc. (PRSI) reports consolidated results for year ended June 30, 2025 showing recovery in hotel operations alongside continued leverage and operating losses. Total hotel revenues rose to $46,363,000 from $41,886,000 a year earlier, and operating income before interest, depreciation and amortization increased to $8,732,000 from $5,747,000, reflecting stronger hotel performance. The company recorded a gain on extinguishment of debt of $1,416,000 but still reported a loss before income taxes of $9,109,000. Cash and equivalents were reported at $4,470,000 with restricted cash of $7,252,000. Related-party notes payable outstanding totaled $38,108,000 at June 30, 2025. The senior mortgage bears interest at SOFR+4.75% with a cap and matures April 9, 2027; a mezzanine loan of $36,300,000 accrues at 7.25%. The filing discloses no impairment charges and notes concentration of receivables and unionized labor coverage for most employees.