Fair Value Measurements

9 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 7. Fair Value Measurements

The carrying values of the Company’s financial instruments not required to be carried at fair value on a recurring basis approximate fair value due to their short maturities (i.e., accounts receivable, other assets, accounts payable and other liabilities and obligations for securities sold) or the nature and terms of the obligation (i.e., other notes payable and mortgage notes payable).

THE INTERGROUP CORPORATION

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

The assets and liabilities measured at fair value on a recurring basis are as follows:

As of	March 31, 2023 Total - Level 1		June 30, 2022 Total - Level 1
Assets:
Investment in marketable securities:
REITs and real estate companies	$	6,443,000	$	3,289,000
Financial Services		1,065,000		1,755,000
Technology		1,139,000		815,000
Basic material		1,007,000		769,000
Healthcare		417,000		—
Consumer cyclical		496,000		693,000
Communication services		804,000		2,787,000
Industrials		258,000		385,000
Energy		211,000		279,000
Treasury notes		5,055,000		—
Other		72,000		277,000
	$	16,967,000	$	11,049,000

The fair values of investments in marketable securities are determined by the most recently traded price of each security at the balance sheet date.