紐約–(BUSINESS WIRE)–(美國商業資訊)– 根據Diligent Market Intelligence發布的《2026年高階主管薪酬報告》,2025年標普500指數成分股公司的執行長獲授薪酬中位數上升逾8%,達到1,820萬美元,而新任執行長的現金入職獎金則創下六年來新高。 這些發現表明,董事會面臨的薪酬決策環境變得更加複雜且影響深遠:領導人才日益短缺,執行長更替成本高昂,且投資人持續密切關注薪酬決策與公司業績及長期價值之間的關聯。 羅素3000指數成分股公司的薪酬方案規模也有所擴大,執行長獲授薪酬中位數上漲超過2%,達到740萬美元。 Diligent Market Intelligence主編Josh Black表示:「這種成長主要得益於基於業績的股權和股票獎勵,同時也反映了這兩家指數成分股公司均持續為股東帶來強勁的總報酬。此外,董事會也越來越將執行長視為一種稀缺的全球人才資源。」 執行長更替推高了過渡成本 2025年,標普500指數成分股公司新任執行長的現金入職獎金創下六年新高,平均達到370萬美元,而2024年和2023年分別為300萬美元和240萬美元。

纽约–(BUSINESS WIRE)–(美国商业资讯)– Diligent Market Intelligence 发布的《2026 年高管薪酬》报告显示,2025 年,标普 500 公司 CEO 获授薪酬中位数增长逾 8%,达到 1,820 万美元;新任 CEO 的现金签约奖金则创下六年来新高。 研究结果表明,董事会正身处一个影响愈发重大的薪酬环境:领导人才愈加稀缺,CEO 交接代价高昂,投资者持续密切关注薪酬决策与业绩表现及长期价值之间的关联。 Russell 3000 指数成分股公司的薪酬方案也有所扩大,CEO 获授薪酬中位数增长逾 2%,达到 740 万美元。 Diligent Market Intelligence 主编 Josh Black 表示:“在两项指数均实现强劲股东总回报的背景下,此轮增长主要由与业绩挂钩的股权奖励及股票奖励推动。董事会也日益将 CEO 视为稀缺的全球人才资源。” CEO 更迭推高交接成本 2025 年,标普 500 公司新任 CEO 获得的现金签约奖金达到六年来最高水平,平均为 370 万美元,高于 2024 年的 300 万美元和 2023

FREEHOLD, NJ, Sept. 29, 2026 (GLOBE NEWSWIRE) — UMH Properties, Inc. (NYSE: UMH; TASE: UMH) announced that it will present to the Philadelphia Securities Association (PSA) on Wednesday, October 7, 2026. The Forum will be held at the Union League of Philadelphia, located in Philadelphia, PA.

Samuel A. Landy, President and Chief Executive Officer, will present an overview of the Company followed by a question and answer session. It is a luncheon meeting that will start at 11:30 a.m. Eastern Time. The presentation materials will be available on the homepage of the Company’s website at www.umh.reit.

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that currently owns and operates 145 manufactured home communities, containing approximately 27,100 developed homesites, of which 11,200 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 145 communities are two communities in Florida, containing 363 sites, and one community in Pennsylvania, containing 113 sites, that UMH has an ownership interest in and operates through its joint ventures with Nuveen Real Estate.

Contact: Nelli Madden
732-577-4062

# # # # #

ST. LOUIS–(BUSINESS WIRE)–Copeland, een wereldwijde marktleider op het gebied van compressietechnologieën en regeloplossingen, heeft vandaag aangekondigd dat het zal deelnemen aan Chillventa 2026, dat van 13 tot en met 15 oktober plaatsvindt in Neurenberg, Duitsland. Door de groeiende vraag naar datacenterkoeling, een toenemend gebruik van warmtepompen en natuurlijke koelmiddelen, moeten klanten in heel Europa het hoofd bieden aan snelle veranderingen. Copeland zal technologieën presenteren d

Quadient: Availability of
the 2026 half-year financial report

Paris, 29 September 2026,

Quadient (Euronext Paris: QDT) announces that it filed its 2026 half-year financial report with the French financial markets authority (Autorité des marchés financiers – AMF) on 29 September 2026.

It can be viewed and downloaded at the following address: 2026 half-year financial report, in the “Regulated information / Latest reports” section of Quadient’ Investor Relations website (https://invest.quadient.com/en/regulated-information), as well as on the AMF’s website (www.amf-france.org).

This half-year financial report includes in particular the condensed consolidated financial statements as at 31 July 2026, the half-year activity report, the statement by the person responsible for the half-year financial report and the statutory auditors’ report.

For more information, please contact:

Laura Paxton, Quadient
+33 (0)6 07 30 33 86
l.paxton@quadient.com
financial-communication@quadient.com
 

Or visit our website: https://invest.quadient.com/

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TORONTO, Sept. 29, 2026 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) will hold a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, October 29, 2026, to discuss financial results for the quarter ended September 30, 2026. The financial results will be released on Wednesday, October 28, 2026, after the markets close.

The conference call can be accessed by dialing 365-657-4084 or 1-833-769-6440, conference ID #695753604. The webcast will be accessible here or at www.alliedreit.com and will be archived for 90 days.

ABOUT ALLIED

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied’s vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.

FOR FURTHER INFORMATION, PLEASE CONTACT: 

INVESTOR RELATIONS
ir@alliedreit.com

Los Angeles, California, Sept. 29, 2026 (GLOBE NEWSWIRE) — The InterGroup Corporation (NASDAQ: INTG) (the “Company” or “InterGroup”) financial results for the fiscal year ended June 30, 2026. InterGroup operates in three reportable segments: Hotel Operations, through its majority-owned subsidiary Portsmouth Square, Inc.; Real Estate Operations, consisting of its multifamily and commercial rental portfolio; and Investment Transactions, consisting of investment of cash in marketable securities and other investments.

Fiscal 2026 Performance Highlights

Fiscal 2026 reflected broad-based improvement across InterGroup’s three reportable business segments. Total revenues increased approximately 15% year-over-year, income from operations increased approximately 55%, and the Company returned to GAAP net income after reporting a GAAP net loss in fiscal 2025. Hotel Operations segment income increased approximately 43%, Real Estate Operations segment income increased approximately 5%, and the Investment Transactions segment loss improved by approximately $2.289 million.

Selected results Fiscal 2026 Fiscal 2025 Year-over-year change
Total revenues $73.951 million $64.378 million +15%
Income from operations $11.866 million $7.643 million +55%
GAAP net income (loss) $0.336 million $(7.547) million $7.883 million improvement
Net income (loss) attributable to InterGroup $1.643 million $(5.348) million $6.991 million improvement
Hotel Operations segment income $12.524 million $8.732 million +43%
Real Estate Operations segment income $8.853 million $8.465 million +5%
Investment Transactions segment loss $(0.213) million $(2.502) million $2.289 million improvement

The fiscal 2026 results also included a $3.508 million GAAP gain from the December 2025 sale of a non-core 12-unit multifamily property in Los Angeles County. No comparable gain on sale was recorded in fiscal 2025.

Hotel Operations

For the fiscal year ended June 30, 2026, Hotel revenues increased approximately 20% to $55.797 million, compared with $46.363 million for the fiscal year ended June 30, 2025. For fiscal 2026, average daily rate increased to $253 from $218 in fiscal 2025, average occupancy increased to 95% from 92%, and RevPAR increased to $239 from $200. Management attributed the year-over-year improvement primarily to higher room revenues resulting from increased average daily rate, higher occupancy, improved business travel and convention demand, and increased room availability. The improvement was partially offset by higher Hotel operating expenses in fiscal 2026 and by the absence of the $1.030 million Aimbridge incentive management fee waiver recognized in fiscal 2025.

Real Estate Operations

For fiscal 2026, real estate revenues were $18.154 million, compared with $18.015 million in fiscal 2025. Real estate operating expenses decreased to $9.301 million in fiscal 2026, compared with $9.550 million in fiscal 2025, and Real Estate Operations segment income increased to $8.853 million in fiscal 2026, compared with $8.465 million in fiscal 2025. During fiscal 2026, InterGroup completed the sale of a non-core 12-unit multifamily property in Los Angeles County for $4.85 million and recognized a GAAP gain on sale of approximately $3.508 million; no comparable gain on sale was recorded in fiscal 2025.

Investment Transactions

Investment Transactions is a separate reportable business segment. The segment loss improved to approximately $0.213 million in fiscal 2026 from approximately $2.502 million in fiscal 2025. The segment measure includes gains and losses on marketable securities, dividend and interest income, and trading and margin interest expense. Within the segment, the Company recorded a net gain on marketable securities of $0.953 million in fiscal 2026, compared with a net loss of $1.347 million in fiscal 2025. The fiscal 2026 securities gain consisted of a realized gain of $0.167 million and an unrealized gain of $0.786 million, compared with a realized loss of $0.329 million and an unrealized loss of $1.018 million in fiscal 2025.

EBITDA (Non-GAAP Financial Measure)

In addition to GAAP results, management uses EBITDA as a supplemental measure to evaluate period-to-period performance before the effects of interest expense, income taxes and non-cash depreciation and amortization. EBITDA is a non-GAAP financial measure and should be considered in addition to, and not as a substitute for, GAAP net income (loss), cash flows or other GAAP measures. Investment Transactions remains reflected in EBITDA, except for the margin-interest component of the segment’s expenses, which is added back because EBITDA excludes interest expense. Trading expenses and gains and losses on marketable securities remain included in EBITDA.

Reconciliation of GAAP net income (loss) to EBITDA (in $000s) Fiscal 2026 Fiscal 2025
GAAP net income (loss) $ 336 $ (7,547 )
Interest expense – mortgages and mezzanine   12,666   13,556  
Margin interest expense   756   806  
Income tax expense   2,283   548  
Depreciation and amortization   6,793   6,624  
EBITDA $ 22,834 $ 13,987  

GAAP net income was $0.336 million in fiscal 2026, compared with a GAAP net loss of $7.547 million in fiscal 2025, an improvement of approximately $7.883 million. EBITDA increased approximately 63% to $22.834 million in fiscal 2026 from $13.987 million in fiscal 2025. The EBITDA reconciliation adds back the margin-interest component of trading and margin interest expense ($0.756 million in fiscal 2026 and $0.806 million in fiscal 2025), but does not add back trading expenses. EBITDA is not adjusted for gains or losses on securities, the fiscal 2026 gain on sale of real estate, or the fiscal 2025 gain on extinguishment of debt.

Subsequent Development

In connection with the bridge removal, the Hotel was closed from July 31, 2026 through August 9, 2026. The physical removal of the pedestrian bridge connecting the Hotel to Portsmouth Square Park was completed on August 9, 2026, and the Hotel resumed guest operations on August 10, 2026.

Liquidity and Capital Resources

As of June 30, 2026, InterGroup had cash and cash equivalents of $6.356 million and restricted cash of $10.943 million, for total cash, cash equivalents and restricted cash of $17.299 million, compared with $15.195 million as of June 30, 2025. The Company also held marketable securities with a fair value of $4.394 million as of June 30, 2026, compared with $0.969 million as of June 30, 2025. Net cash provided by operating activities was $3.450 million in fiscal 2026, compared with $5.893 million in fiscal 2025.

Portsmouth’s $67.0 million senior mortgage loan and $36.3 million mezzanine loan mature on April 9, 2027 and provide for three one-year extension options, subject to specified conditions. As of June 30, 2026, Portsmouth was in compliance with all applicable loan covenants. No Debt Yield requirement applies to the first extension, and management currently expects to satisfy the applicable conditions and exercise the first one-year extension option through April 9, 2028.

Management Commentary

David C. Gonzalez, Chief Operating Officer of InterGroup, said:
“Fiscal 2026 reflected substantial year-over-year improvement across InterGroup’s businesses. Total revenues increased approximately 15%, income from operations increased approximately 55%, and GAAP results improved from a $7.547 million net loss in fiscal 2025 to $0.336 million of net income in fiscal 2026. Hotel Operations segment income increased approximately 43%, Real Estate Operations segment income also improved, and Hotel operating metrics strengthened year-over-year.

Portsmouth remained in compliance with the applicable Hotel loan covenants at June 30, 2026, and management currently expects to satisfy the applicable conditions and exercise the first extension option through April 9, 2028. We remain focused on operating performance, liquidity and financial flexibility.”

John V. Winfield, Chairman of the Board, President and Chief Executive Officer of InterGroup, added:

“We remain cautiously optimistic regarding the continued recovery of San Francisco and the broader environment supporting business travel, conventions and event-related demand. Investment Transactions is one of InterGroup’s three reportable business segments, and its segment loss improved substantially to approximately $0.213 million in fiscal 2026 from approximately $2.502 million in fiscal 2025. Within the segment, marketable securities results improved from a net loss of $1.347 million in fiscal 2025 to a net gain of $0.953 million in fiscal 2026. We will continue to approach investment activity with a disciplined focus on market conditions, liquidity and risk.”

About The InterGroup Corporation

The InterGroup Corporation (NASDAQ: INTG) is a diversified holding company with interests in hospitality, real estate and marketable securities. InterGroup consolidates its majority-owned subsidiary Portsmouth Square, Inc., which owns the Hilton San Francisco Financial District hotel and related facilities. InterGroup also owns and operates multifamily and commercial real estate properties and maintains an investment portfolio of marketable securities.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws, including statements regarding the Company’s expectations concerning future Hotel and real estate operating performance, the recovery of the San Francisco hospitality market, liquidity, financing arrangements and the anticipated exercise of the first extension option under the Hotel financing. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including the satisfaction of applicable extension conditions, market conditions affecting the Company’s Hotel, real estate and investment activities, and other factors described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2026. The Company undertakes no obligation to update forward-looking statements except as required by law.

Investor Contact
The InterGroup Corporation
1516 S. Bundy Drive, Suite 200
Los Angeles, CA 90025
(310) 889-2500

BioForce NanoSciences Holdings, Inc. Announces Major Independently Verified Potential U.S. Oil Discovery

BioForce Nanosciences Holdings, Inc. (OTC: BFNH) (“BioForce” or the “Company”) announces the potential discovery of a significant oil field within its 11 U.S. Bureau of Land Management (BLM) lease claims in the Fox Mountain and South Lund regions of Nevada - www.bioforceeclipse.com
BioForce Nanosciences Holdings, Inc. (OTC: BFNH) (“BioForce” or the “Company”) announces the potential discovery of a significant oil field within its 11 U.S. Bureau of Land Management (BLM) lease claims in the Fox Mountain and South Lund regions of Nevada – www.bioforceeclipse.com

HOUSTON, Sept. 29, 2026 (GLOBE NEWSWIRE) — BioForce Nanosciences Holdings, Inc. (OTC: BFNH) (“BioForce” or the “Company”) announces the potential discovery of a significant oil field within its 11 U.S. Bureau of Land Management (BLM) lease claims in the Fox Mountain and South Lund regions of Nevada.

A renowned independent petroleum engineering firm identified prospective resources in a report filed on a US SEC FORM 8-K. The furnished report estimates a potential large amount of “Original Oil-In-Place” (OOIP) across BioForce’s Nevada acreage. More exploration in the area is necessary to determine if economic feasibility exists. This region has been the focus of geological research for over a decade.

“These report findings highlight the commercial potential of BFNH’s NV leased assets,” said Gustavo Taboada, BioForce’s Chief Geosciences Officer. “The Company plans to develop the next exploration phase.”

Strategic Focus on Oil and Gas

BioForce has pivoted from its vitamin business exclusively toward oil and gas, committing to advancing exploration methodologies, conducting additional seismic surveys, precise exploratory drilling, and production testing. The Company plans to seek other oil/gas projects and explore possible strategic partnerships.

“With expertise and industry support, BioForce aims for precision and foresight in all operations,” stated Rich Kaiser, Interim CEO of BioForce. “We look to focus on determining the potential commercial viability of these resources, seeking growth opportunities for the Company.

About BioForce Nanosciences Holdings, Inc.

BioForce Nanosciences Holdings, Inc. (OTC: BFNH) is a publicly traded company based in Virginia Beach, Virginia. Its strategy focuses solely on energy-related activities within the oil and gas sector, including Nevada leases. BioForce is dedicated to unlocking energy potential for future technological advancements while responsibly exploring oil and gas opportunities. The Company plans to move to a different exchange and change its corporate name and trading symbol, with further announcements forthcoming – www.bioforceeclipse.com.

Safe Harbor Disclaimer

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding estimates of prospective resources. Actual results may differ materially from those expressed or implied by these statements. Factors that could cause actual results to differ include market conditions, regulatory approvals, project execution, and other risks described herein.

Caveat Regarding Reserves and Commercial Viability

The acquisition of the BLM leases underscores BioForce’s commitment to responsibly exploring the properties’ domestic energy potential. Although the Company is optimistic about their prospects, there can be no assurance that hydrocarbons exist on the leased properties or that any discovered resources will be commercially or economically viable. Exploration and development activities are subject to technical, commercial, regulatory, and market risks.

Forward-Looking Statements

Certain statements contained herein are not based on historical facts and constitute “forward-looking statements” within the meaning of applicable securities laws. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated or implied. These risks and uncertainties include, but are not limited to, local, regional, national, and international economic conditions; fluctuations in oil and gas prices; international conflicts and tensions; weather events, acts of God, and other disasters; inflation or deflation; increases in unemployment rates and taxes; increases in labor and health insurance costs; changes in interest rates; compliance with debt covenants; and the Company’s ability to make debt payments. The Company assumes no obligation to update any forward-looking statement except as required by law. These forward-looking statements speak only as of the date of this press release and are qualified in their entirety by these cautionary statements.

For Further Information, Contact:

Richard Kaiser
BioForce Nanosciences Holdings, Inc.
Phone: (757) 306-6090
Email: info@bioforceeclipse.com
Website: https://bioforceeclipse.com/

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7de7ee6-a2e3-48ab-a0c6-92af096b7612

Los Angeles, California, Sept. 29, 2026 (GLOBE NEWSWIRE) — Portsmouth Square, Inc. (the “Company” or “Portsmouth”) financial results for the fiscal year ended June 30, 2026. Portsmouth operates in two reportable segments: Hotel Operations, which includes the Hilton San Francisco Financial District hotel and its parking garage, and Investment Transactions, which includes investment of cash in marketable securities and other investments.

Fiscal 2026 Performance Highlights

Fiscal 2026 reflected substantial operating progress. Hotel revenues increased approximately 20% year-over-year, Hotel Operations segment income increased approximately 43%, and ADR, occupancy and RevPAR all improved compared with fiscal 2025. Income from operations more than doubled, while the GAAP net loss narrowed by approximately $3.696 million. Investment Transactions also improved, with the segment loss decreasing to approximately $79,000 from approximately $146,000 in fiscal 2025.

Selected results Fiscal 2026 Fiscal 2025 Year-over-year change
Hotel revenues $55.797 million $46.363 million +20%
Income from operations $7.789 million $3.871 million +101%
GAAP net loss $(5.414) million $(9.110) million $3.696 million improvement
Hotel Operations segment income $12.524 million $8.732 million +43%
Average daily rate (ADR) $253 $218 +16%
Occupancy   95% 92% +3 percentage points
RevPAR $239 $200 +20%
Investment Transactions segment loss $(0.079) million $(0.146) million $0.067 million improvement

The year-over-year improvement reflected higher room revenues, stronger occupancy, improved business travel and convention demand, and increased room availability. Fiscal 2025 also included two favorable items that did not recur in fiscal 2026: an approximately $1.416 million gain on extinguishment of debt associated with the March 2025 refinancing and an approximately $1.030 million reduction in Hotel operating expenses resulting from Aimbridge’s waiver of previously accrued incentive management fees.

Investment Transactions

Investment Transactions is a separate reportable business segment. For fiscal 2026, the segment recorded a loss of approximately $79,000, compared with a loss of approximately $146,000 in fiscal 2025. The segment measure includes gains and losses on marketable securities, dividend and interest income, and trading expenses. Net gains on marketable securities were approximately $73,000 in fiscal 2026, compared with approximately $3,000 in fiscal 2025.

EBITDA and Adjusted EBITDA (Non-GAAP Financial Measures)

In addition to GAAP results, management uses EBITDA and Adjusted EBITDA as supplemental measures. EBITDA is intended to facilitate period-to-period evaluation before the effects of interest expense, income taxes and non-cash depreciation and amortization. Management believes Adjusted EBITDA provides additional information useful in comparing fiscal 2026 with fiscal 2025 by excluding two specifically identified favorable fiscal 2025 items that did not recur in fiscal 2026. Portsmouth’s Investment Transactions results remain fully reflected in EBITDA and Adjusted EBITDA, including gains and losses on marketable securities and trading expenses; no Investment Transactions expenses are added back in calculating either measure. EBITDA and Adjusted EBITDA are non-GAAP financial measures and should be considered in addition to, and not as substitutes for, GAAP net income (loss), cash flows or other GAAP measures.

Reconciliation of GAAP net loss to EBITDA and Adjusted EBITDA (in $000s) Fiscal 2026 Fiscal 2025
GAAP net loss $ (5,414 ) $ (9,110 )
Interest expense – mortgage and mezzanine   9,686     10,680  
Interest expense – related party   3,437     3,570  
Income tax expense   1     1  
Depreciation and amortization   3,640     3,534  
EBITDA (Non-GAAP) $ 11,350   $ 8,675  
Less: gain on extinguishment of debt   —     (1,416 )
Less: Aimbridge incentive management fee waiver   —     (1,030 )
Adjusted EBITDA (Non-GAAP) $ 11,350   $ 6,229  

GAAP net loss improved by approximately $3.696 million to $5.414 million in fiscal 2026 from $9.110 million in fiscal 2025. EBITDA increased approximately 31% to $11.350 million in fiscal 2026 from $8.675 million in fiscal 2025. Adjusted EBITDA increased approximately 82% to $11.350 million in fiscal 2026 from $6.229 million in fiscal 2025. Adjusted EBITDA excludes from fiscal 2025 the $1.416 million gain on extinguishment of debt and the $1.030 million benefit from the Aimbridge incentive management fee waiver, both of which were favorable items that did not recur in fiscal 2026.

Subsequent Development

In connection with the bridge removal, the Hotel was closed from July 31, 2026 through August 9, 2026. The physical removal of the pedestrian bridge connecting the Hotel to Portsmouth Square Park was completed on August 9, 2026, and the Hotel resumed guest operations on August 10, 2026.

Liquidity and Capital Resources

As of June 30, 2026, cash and cash equivalents were approximately $4.982 million, restricted cash was approximately $8.440 million, and total cash, cash equivalents and restricted cash were approximately $13.422 million.

Net cash provided by operating activities was approximately $3.899 million in fiscal 2026, compared with net cash used in operating activities of approximately $2.148 million in fiscal 2025. Hotel capital expenditures were approximately $2.199 million in fiscal 2026.

The Company’s $67.0 million senior mortgage loan and $36.3 million mezzanine loan mature on April 9, 2027 and provide for three one-year extension options, subject to specified conditions. As of June 30, 2026, the Company was in compliance with all applicable covenants under the loan agreements. For the first extension through April 9, 2028, the senior mortgage loan requires, among other conditions, a Debt Service Coverage Ratio (DSCR) of at least 1.10:1.00. Based on management’s application of the methodology set forth in the senior loan agreement, the Company’s calculated DSCR was approximately 1.45:1.00 as of June 30, 2026. No Debt Yield requirement applies to the first extension. Management currently expects to satisfy the applicable conditions and exercise the first one-year extension option through April 9, 2028.

Portsmouth also maintains a $40.0 million unsecured revolving credit facility with The InterGroup Corporation. As of June 30, 2026, $38.108 million was outstanding and approximately $1.892 million remained available. In August 2026, the maturity of the facility was extended from July 31, 2027 to July 31, 2029.

Management Commentary

David C. Gonzalez, President of Portsmouth, said:

“Fiscal 2026 reflected substantial improvement in the Hotel’s operating performance compared with fiscal 2025. Hotel revenues increased approximately 20%, Hotel Operations segment income increased approximately 43%, and ADR, occupancy and RevPAR all improved. GAAP net loss improved by approximately $3.7 million, while Adjusted EBITDA increased approximately 82% after excluding two favorable fiscal 2025 items that did not recur in fiscal 2026. We believe these results reflect meaningful underlying improvement in the Hotel’s performance.

We also remain focused on liquidity and financing execution. Portsmouth was in compliance with the applicable Hotel loan covenants at June 30, 2026, and management currently expects to satisfy the applicable conditions and exercise the first extension option through April 9, 2028.”

John V. Winfield, Chairman of the Board and Chief Executive Officer of Portsmouth, added:

“We remain cautiously optimistic regarding the continued recovery of San Francisco and the broader environment supporting business travel, conventions and event-related demand. Investment Transactions is a separate reportable business segment, and its segment loss improved to approximately $79,000 in fiscal 2026 from approximately $146,000 in fiscal 2025. We continue to approach investment activity with a disciplined focus on market conditions, liquidity and risk.”

About Portsmouth Square, Inc.

Portsmouth Square, Inc. is a California corporation that, through its subsidiaries, owns and operates the Hilton San Francisco Financial District hotel.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws, including statements regarding the Company’s expectations concerning future Hotel operating performance, the recovery of the San Francisco hospitality market, liquidity, financing arrangements, the anticipated exercise of the first extension option under the Hotel financing and the Company’s revolving credit facility. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including the satisfaction of applicable extension conditions and other factors described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2026. The Company undertakes no obligation to update forward-looking statements except as required by law.

Investor Contact
Portsmouth Square, Inc.
1516 S. Bundy Drive, Suite 200
Los Angeles, CA 90025
(310) 889-2500

29 September 2026, Limassol, Cyprus / Ad hoc announcement pursuant to Art. 53 LR

On 8th September 2026, EPH European Property Holdings PLC (the “Company” or “EPH”) has proposed certain amendments to the terms and conditions of its four listed bonds (ISIN CH1177844367, ISIN CH1177348278, ISIN CH1177348302 and ISIN CH1177348310) with a total nominal value of EUR 411,775,000. Such amendments included their conversion into zero-coupon bonds with increased redemption amounts (ISIN CH1177844367: 128.80%, ISIN CH1177348278: 128.80%, ISIN CH1177348302: 122.14% and ISIN CH1177348310: 121.70%) and the extension of maturity of all four listed bonds until 30 September 2031.

On 29th September 2026, the bondholders of the Company’s bonds with ISIN CH1177348310 approved with a qualified majority the amendments to the terms.

With respect to the Company’s bonds with ISIN CH1177844367, ISIN CH1177348278 and ISIN CH1177348302, the bondholder meetings held today did not reach the required qualified presence quorum and therefore no vote on the proposed amendments could validly be taken.

______________________________________________________________________________________________________

EPH European Property Holdings PLC is an investment company listed on SIX Swiss Exchange. Additional information on EPH European Property Holdings PLC is available by contacting Anna Bernhart Tel: +41 44 503 5400 or at contact@europeanpropertyholdings.com

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