PRSI — what changed in the latest 10-Q
A section-by-section comparison of PRSI's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-11 vs the prior 10-Q · 2026-02-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −27 | ~32 | 5 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 3 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-11
The Company had net income from Hotel operations of $884,000 for the three months ended March 31, 2026 compared to net loss of $253,000 for the three months ended March 31, 2025. The improvement was primarily attributable to higher room revenues, including increased room availability resulting from …
For the three months ended March 31, 2026, the Hotel had operating income of $5,123,000 before interest expense, depreciation, and amortization on total operating revenues of $16,497,000 compared to operating income of $2,525,000 before interest expense, depreciation, and amortization on total opera…
As shown in the operating metrics table above, ADR and occupancy increased year-over-year, resulting in higher RevPar for the three months ended March 31, 2026.
As shown in the operating metrics table above, ADR and occupancy increased year-over-year, resulting in higher RevPAR for the nine months ended March 31, 2026.
The Company maintains an unsecured revolving credit facility with The InterGroup Corporation (“InterGroup”), a related party, as a contingency source of liquidity. As of March 31, 2026, the outstanding balance was $38,108,000. See Note 8 – Related Party and Other Financing Transactions for the facil…
Text removed vs the prior filing · source: 10-Q · 2026-02-12
The Company had net loss from Hotel operations of $1,929,000 for the three months ended December 31, 2025 compared to net loss of $3,670,000 for the three months ended December 31, 2024. The decrease in loss was primarily attributable to higher room revenues, including increased room availability re…
For the three months ended December 31, 2025, the Hotel had operating income of $2,234,000 before interest expense, depreciation, and amortization on total operating revenues of $12,661,000 compared to operating income of $910,000 before interest expense, depreciation, and amortization on total oper…
The Hotel’s revenues increased approximately 27% this quarter compared to the prior-year period to $12,661,000 from $9,965,000. Average daily rate increased by $44, average occupancy increased by 4%, and RevPAR increased by $47 for the three months ended December 31, 2025 compared to the three month…
The Hotel’s revenues increased by approximately 15% for the six months ended December 31, 2025 as compared to the prior-year period to $25,079,000 from $21,785,000. Average daily rate increased by $26, average occupancy increased by 2%, and RevPAR increased by $27 for the six months ended December 3…
The Company maintains an unsecured related-party revolving credit facility with its majority shareholder, The InterGroup Corporation (“InterGroup”), originally established in 2014 and amended multiple times. While the facility remains available, management is not currently relying on it to fund ongo…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice