Portsmouth Square, Inc. Reports Earnings Results for the Full Year Ended June 30, 2020
September 10, 2020 at 02:26 am IST
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Portsmouth Square, Inc. announced earnings results for the full year ended June 30, 2020. For the full year, the company announced sales was USD 42.839 million compared to USD 59.881 million a year ago. Operating income was USD 2.567 million compared to USD 12.340 million a year ago. Net loss was USD 2.933 million compared to net income of USD 2.599 million a year ago. Basic loss per share from continuing operations was USD 3.99 compared to basic earnings per share from continuing operations of USD 3.54 a year ago.
Portsmouth Square, Inc. operates in San Francisco hotel industry. The Companyâs primary business is conducted through its general and limited partnership interest in Justice Investors Limited Partnership, a California limited partnership (Justice). Justice, through its subsidiaries Justice Operating Company, LLC and Justice Mezzanine Company, LLC owns and operates a 544-room hotel property located at 750 Kearny Street, San Francisco California, the Hilton San Francisco Financial District (the Hotel) and related facilities, including a five-level underground parking garage. The Company has two segments. Hotel Operations segment operates the Hotel. Investment Transactions segment invests its cash in marketable securities and other investments. In addition, it also invests in income-producing instruments, corporate debt and equity securities, publicly traded investment funds, mortgage-backed securities, securities issued by REITs and other companies which invest primarily in real estate.
PORTSMOUTH SQUARE, INC. 