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Portsmouth Square Inc  (PRSI)
Other Ticker:  
 
    Sector • Capital Goods    Industry • Construction Services
 
Price: $1.2500 $0.00 0.000%
Day's High: $1.25 Week Perf: -3.85 %
Day's Low: $ 1.25 30 Day Perf: -93.06 %
Volume (M): 0 52 Wk High: $ 16.25
Volume (M$): $ 0 52 Wk Avg: $4.95
Open: $1.25 52 Wk Low: $1.25



 Market Capitalization (Millions $) 1
 Shares Outstanding (Millions) 1
 Employees 3
 Revenues (TTM) (Millions $) 42
 Net Income (TTM) (Millions $) -11
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 4

Portsmouth Square Inc
Portsmouths main business is Justice, which it owns in both general and limited partnership. Portsmouth owns about 99.3 percent of Justices voting stock and is the companys sole general partner.
With an effective takeover date of February 3, 2017, Justice entered into a Hotel management agreement ("HMA") with Interstate Management Company, LLC ("Interstate") to operate the Hotel and its five-level parking garage. The management agreement has a ten-year duration that begins on the takeover date and automatically renews for subsequent one-year intervals, up to a maximum of five years in total, subject to specific criteria. The base management fee due to Interstate under the HMA is one and seven-tenths of one percent (1.70 percent) of total Hotel income.


   Company Address: 1516 S. Bundy Drive Los Angeles 90025 CA
   Company Phone Number: 889-2500   Stock Exchange / Ticker: PRSI


Customers Net Income grew by PRSI's Customers Net Profit Margin grew to

16.47 %
16.48 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
H   -1.43%    
HLT   -0.63%    
MAR   -0.22%    
PK   -1.34%    
SHCO        2.9% 
SHO        1.53% 
• View Complete Report
   



Portsmouth Square Inc

2. Portsmouth Square Inc Faces Financial Challenges Amidst Decreasing Returns



Portsmouth Square Inc, a prominent player in the Construction Services sector, recently released its financial results for the third quarter closing on March 31, 2024. The figures highlight a net deficit per share of $-3.91, a significant increase compared to the previous year's figure of $-1.44. Although revenue showed modest growth of 3.145%, it fell short of the sector's average business elevation of 11.36%. These results indicate a challenging period for Portsmouth Square Inc and raise concerns about the company's future prospects.
Net Deficit and Revenue Growth:
The net deficit per share in Q3 2024 reflects a decline in profitability for Portsmouth Square Inc. This negative trend raises questions about the company's ability to control costs and generate sufficient revenue. Furthermore, the net loss of $-2.871 million, larger than the previous year's $-1.057 million, reinforces the concern. It is crucial for Portsmouth Square Inc to address the underlying causes of these losses to mitigate their impact on the company going forward.
Portsmouth Square Inc

Portsmouth Square Inc Reports 3.366% Rise in Revenue in Q2 2024 Despite Increased Net Deficit2.

Portsmouth Square Inc, a Construction Services company, has released its financial report for the second quarter of 2024. Despite the company's net deficit per share increasing to $-3.50 from $-1.80 the previous year, it saw a positive advancement in revenue, which rose by 3.366% to $10.23 million compared to the same period last year. This growth in revenue is particularly noteworthy when compared to its peers in the Construction Services sector, who only experienced an average top-line growth of 0.10% during the same period.
In the preceding reporting season, Portsmouth Square Inc reported a revenue of $11.09 million and a bottom line of $-2.12 per share. This indicates a decline in revenue for the current quarter, but it is important to note that the net deficit per share has also widened. This suggests that the company may be experiencing some financial challenges, which is reflected in its net loss of $-2.566 million for the time-frame ending on December 31, 2023. This net loss is larger than the $-1.320 million recorded in the previous year.






Portsmouth Square Inc's Segments
Hotel Operations    100 % of total Revenue





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