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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Revenues:        
Total revenues $ 6,367,000 $ 15,016,000 $ 19,939,000 $ 52,902,000
Costs and operating expenses:        
Depreciation and amortization expenses (1,127,000) (1,216,000) (3,499,000) (3,661,000)
General and administrative expenses (605,000) (890,000) (2,531,000) (2,231,000)
Total costs and operating expenses (7,765,000) (14,237,000) (26,217,000) (45,140,000)
(Loss) income from operations (1,398,000) 779,000 (6,278,000) 7,762,000
Other income (expense):        
Interest expense - mortgages (2,180,000) (2,251,000) (6,736,000) (6,978,000)
Gain from sale of real estate     12,043,000
Net gain (loss) on marketable securities 768,000 (2,367,000) 4,016,000 (2,565,000)
Net gain (loss) on marketable securities - Comstock 4,870,000 (26,000) 4,921,000 (396,000)
Gain on extinguishment of debt 453,000 453,000
Impairment loss on other investments (30,000) (103,000) (119,000) (103,000)
Dividend and interest income 158,000 105,000 363,000 346,000
Trading and margin interest expense (362,000) (256,000) (918,000) (790,000)
Total other income (expense), net 3,677,000 (4,898,000) 14,023,000 (10,486,000)
Income before income taxes 2,279,000 (4,119,000) 7,745,000 (2,724,000)
Income tax (expense) benefit (880,000) 1,060,000 (2,590,000) 689,000
Net income (loss) 1,399,000 (3,059,000) 5,155,000 (2,035,000)
Less: Net loss attributable to the noncontrolling interest (289,000) 479,000 440,000 39,000
Net income (loss) attributable to InterGroup Corporation $ 1,110,000 $ (2,580,000) $ 5,595,000 $ (1,996,000)
Basic $ 0.62 $ (1.33) $ 2.26 $ (0.88)
Diluted 0.54 1.97
Net income per share attributable to InterGroup Corporation        
Basic 0.49 (1.12) 2.46 (0.87)
Diluted $ 0.43 $ 2.14
Weighted average number of basic common shares outstanding 2,267,115 2,298,064 2,276,220 2,303,421
Weighted average number of diluted common shares outstanding 2,604,710 2,613,815
Hotel [Member]        
Revenues:        
Total revenues $ 2,902,000 $ 11,259,000 $ 9,436,000 $ 41,589,000
Costs and operating expenses:        
Total costs and operating expenses (3,990,000) (10,060,000) (14,156,000) (33,138,000)
Real Estate [Member]        
Revenues:        
Total revenues 3,465,000 3,757,000 10,503,000 11,313,000
Costs and operating expenses:        
Total costs and operating expenses $ (2,043,000) $ (2,071,000) $ (6,031,000) $ (6,110,000)