Phoenix, AZ, June 20, 2025 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) reported Hotel Revenue results surpassing $2 million once again in the First Fiscal Quarter of 2026, (February 1, 2025, to April 30, 2025), with Total Revenue of approximately $2.2 million. Consolidated Net Income before non-cash depreciation expense was $221,330 for the 2026 First Fiscal Quarter ended April 30, 2025 (February 1, 2025, through April 30, 2025). Total Consolidated Fiscal First Quarter Net Income re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Quarterly Period Ended April 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-7062 INNSUITES HOSPITALITY TRUST (Exact name of registrant as specified in its charter) Registrant's telephone number, including area code: (602) 944-1500 Indicate by check ma ...

Phoenix, AZ, May 01, 2025 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) reported annual results with continued revenue growth in Fiscal Year 2025, (February 1, 2024, to January 31, 2025), with Total Revenues increasing to approximately $7.6 million, a further increase from the prior Fiscal Year total. IHT hotel operations were strong in the 2025 Fiscal Year ended January 31, 2025. Both the Tucson Hotel and Albuquerque Hotel also achieved excellent results for the combined months of Fe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended January 31, 2025. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-7062 INNSUITES HOSPITALITY TRUST (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Ohio 34-6647590 (I ...

Core Points - InnSuites Hospitality Trust announced a semi-annual dividend of $0.01 per share, continuing a 55-year history of uninterrupted annual dividends [1] - The hotel operations remain strong, with combined revenue of $505,422 reported for December [1] - Total revenues for the 2025 Fiscal Year are projected to exceed $7.5 million, indicating record hotel gross operating profit [2] - The company is making progress with its UniGen diversified clean energy investment and is seeking additional funding [2] - InnSuites is exploring other potential diversification investment opportunities [2]

Core Viewpoint - InnSuites Hospitality Trust (IHT) has reported record hotel revenue levels and strong operational performance for the first three fiscal quarters of 2025, indicating positive growth in the travel industry and the company's financial health [1][4]. Financial Performance - Total revenue for the first three fiscal quarters of 2025 reached approximately $6 million, maintaining record levels [1]. - Combined revenue for the first ten fiscal months of fiscal year 2025 was reported at $6,531,170, reflecting strong operational performance [2]. - The average daily rate (ADR) increased by $4.43, a rise of 4.37%, while revenue per available room (REVPAR) improved by $2.33, or 3.16% [3]. - The trailing 12-month total revenue saw a 5% increase, amounting to approximately $7.7 million [3]. Investment and Diversification - IHT has made a diversification investment in UniGen Power Inc., which focuses on clean energy generation, anticipating a doubling of electricity demand over the next five years due to various market trends [5]. - IHT holds stock, convertible bonds, and warrants in UniGen, potentially leading to a 15-20% ownership stake if fully exercised [5]. - The management believes that the real estate held by IHT is undervalued, contributing to a positive outlook for the company's future [6]. Operational Stability - IHT has achieved three consecutive profitable fiscal years, even after accounting for significant non-cash depreciation expenses [7]. - The company is exploring additional investment opportunities to further enhance its hotel and diversification revenues [7]. Dividend History - Fiscal year 2025 marks the continuation of IHT's uninterrupted annual dividends for 54 years, with semi-annual dividends scheduled for February 5, 2024, and July 31, 2024 [8].

Financial Performance - Total revenue for the three months ended October 31, 2024, was $5,959,490, an increase of 3.6% compared to $5,751,583 for the same period in 2023[11] - Operating loss for the three months ended October 31, 2024, was $(253,709), compared to $(129,819) for the same period in 2023, indicating a decline in operational performance[11] - Consolidated net loss for the three months ended October 31, 2024, was $(556,746), compared to a net income of $611,693 for the same period in 2023, reflecting a significant downturn[11] - Room revenue for the three months ended October 31, 2024, was $5,764,638, up from $5,644,555 in the same period of 2023, an increase of 2.1%[11] - Operating expenses for the three months ended October 31, 2024, totaled $6,213,199, an increase of 5.6% compared to $5,881,402 for the same period in 2023[11] - Consolidated net loss for the nine months ended October 31, 2024, was $(556,746), compared to a net income of $611,693 for the same period in 2023[18] Assets and Liabilities - Total current assets decreased to $2,443,563 as of October 31, 2024, from $2,981,732 as of January 31, 2024, a decline of approximately 18%[10] - Total assets decreased to $14,973,679 as of October 31, 2024, down from $15,680,367 as of January 31, 2024, representing a reduction of about 4.5%[10] - Total liabilities increased to $13,322,894 as of October 31, 2024, compared to $13,025,455 as of January 31, 2024, an increase of approximately 2.3%[10] - Total equity decreased to $1,650,785 as of October 31, 2024, from $2,654,912 as of January 31, 2024, a decline of about 37.7%[10] Cash Flow and Investments - Net cash used in operating activities was $(650,721) for the nine months ended October 31, 2024, a significant decrease from $1,511,150 in the prior year[18] - Cash and cash equivalents at the end of the period were $451,905, down from $1,904,676 at the end of the previous year[18] - Net cash used in investing activities totaled $(367,910) for the nine months ended October 31, 2024, compared to $(390,083) in the same period of 2023[18] - The Trust holds a $1 million 6% convertible debenture in UniGen Power Inc. and approximately $668,750 in UniGen's common stock[20] - The Trust's liquidity is dependent on generating sufficient cash flow from hotel operations and potential asset sales[28] Strategic Considerations - The Trust is considering strategic options, including the sale of one or both hotel properties, to improve liquidity[32] - The Trust's operations are vulnerable to risks such as travel disruptions and economic downturns, which could significantly impact revenues and profits[42] Shareholder Information - The weighted average number of shares outstanding for basic and diluted earnings per share was 8,781,199 for the three months ended October 31, 2024, compared to 9,111,614 for the same period in 2023[11] - The balance of shareholders' equity as of October 31, 2024, was $1,650,785, down from $2,563,397 as of April 30, 2024[13] - As of October 31, 2024, Mr. Wirth and his affiliates held 2,974,038 Class B Partnership units, representing 22.51% of total outstanding Partnership units, and 6,250,296 Shares of Beneficial Interest, representing 73.20% of total issued Shares[114] - The Trust owns 75.89% of the Partnership, which has a 51.62% interest in the InnSuites® hotel in Tucson and a direct 21.90% interest in another InnSuites® hotel in Albuquerque[116] Revenue Recognition and Accounting Policies - The Trust recognizes revenues primarily from room rentals, food and beverage sales, management and trademark fees, and miscellaneous revenues, with revenue recorded when rooms are occupied and services are rendered[51] - The Trust applies straight-line depreciation for furniture, fixtures, and equipment over estimated lives ranging from 3 to 10 years, while buildings and improvements are depreciated over up to 40 years[46] - The Trust recognizes revenue for cancellable reservations as each performance obligation is met, while for non-cancellable reservations, revenue is recognized over the reservation period[54]

Core Insights - InnSuites Hospitality Trust (IHT) reported record hotel revenue levels in the first half of Fiscal 2025, with total revenue reaching approximately $4.1 million [1] - The combined revenue for the first seven months of Fiscal Year 2025 reached a record $4,660,134, indicating strong hotel operations [2] - The average daily rate (ADR) increased by 4.03% and revenue per available room (REVPAR) rose by 3.16% in the first half of Fiscal 2025, reflecting positive trends in the travel industry [3] Financial Performance - Consolidated net income before non-cash depreciation for the first half of Fiscal 2025 was reported at $14,693 [1] - The trailing 12-month revenue saw a 6% increase compared to the previous 12-month period, showcasing sustained growth [3] - IHT has maintained uninterrupted annual dividends for 54 years, with semiannual dividends paid in February and July 2024 [6] Strategic Investments - In late 2019, IHT diversified its investments by acquiring a stake in UniGen Power Inc., which focuses on clean energy generation, anticipating a doubling of electricity demand over the next five years [4] - IHT holds stock, convertible bonds, and warrants in UniGen, potentially leading to a 20% ownership stake if fully exercised [4] - IHT management believes that the real estate held at book values significantly below current market value, combined with the high profit potential from clean energy diversification, positions the company favorably for the future [5]

Financial Performance - Total revenue for the quarter ended July 31, 2024, was $4,134,362, an increase of 5.3% compared to $3,927,084 for the same period in 2023[5]. - Consolidated net loss for the quarter was $(331,387), a significant decline from a net income of $531,825 in the same quarter last year[5]. - The Trust reported a net income of $245,661 for the six months ended July 31, 2023, compared to a net loss of $331,387 for the same period in 2024, indicating a significant decline in performance[9]. - Total revenues for the six months ended July 31, 2024, were approximately $4.13 million, an increase of 5% from $3.93 million for the same period in 2023[123]. - Consolidated net loss for the six months ended July 31, 2024, was approximately $331,000, a decrease of approximately $863,000 compared to a net income of approximately $532,000 for the same period in 2023[126]. Operating Expenses - Operating expenses for the quarter were $4,249,872, up 9.0% from $3,896,643 in the prior year, leading to an operating loss of $(115,510) compared to a profit of $30,441 in 2023[5]. - Total operating expenses for the six months ended July 31, 2024, were approximately $4.25 million, an increase of 9% from $3.90 million for the same period in 2023[129]. - Total expenses net of interest expense for the three months ended July 31, 2024, were approximately $2.13 million, reflecting a 14% increase from $1.87 million for the same period in 2023[138]. Revenue Sources - Room revenue for the quarter was $4,008,662, up 3.7% from $3,864,842 in the previous year[5]. - The Trust's principal source of cash is derived from hotel room reservations and management fees from its properties[17]. - The Trust's revenue is primarily derived from room rentals, food and beverage sales, and management fees, with revenues recognized as services are rendered[31]. Cash Flow and Liquidity - The Trust's cash flows from operating activities resulted in a net cash used of $504,012 for the six months ended July 31, 2024, compared to a net cash provided of $1,438,884 in the prior year[11]. - As of July 31, 2024, the Trust had cash and cash equivalents of approximately $418,033, a significant decrease from $2,398,884 at the end of July 2023[11]. - The Trust's liquidity is primarily dependent on revenues from hotel operations and management fees, with potential future cash from asset sales[17]. Investments and Strategic Focus - The Trust's investments in UniGen include a $1 million convertible debenture and approximately $668,750 in common stock, indicating a strategic focus on diversification[12]. - The Trust has invested approximately $1 million in a 6% convertible debenture in UniGen Power Inc. and holds about $668,750 in UniGen's common stock[12]. - The Trust plans to sell its remaining two hotel properties, with an estimated market asking price of $9.5 million for the Albuquerque Hotel and $18.5 million for the Tucson Hotel, totaling $28 million[174]. Shareholder Information - The weighted average number of shares outstanding decreased to 8,761,505 from 9,039,730 year-over-year[5]. - The net loss per share for the quarter was $(0.06), compared to earnings of $0.03 per share in the same quarter last year[5]. - Dividends paid during the six months ended July 31, 2024, totaled $90,237, slightly increasing from $90,062 in the same period of 2023[11]. Operational Adjustments - The Trust's management has changed auditors and transfer agents during the second fiscal quarter, reflecting ongoing operational adjustments[21]. - The Trust's operations are vulnerable to risks such as travel disruptions and economic downturns, which could significantly impact revenues and profits[24]. - The Trust's operations are subject to seasonality, with the Tucson Hotel experiencing the highest occupancy in the first fiscal quarter[179]. Market Outlook - The Trust anticipates steady leisure travel demand and limited new hotel supply, expecting continued revenue growth in Fiscal Year 2025[146]. - The market demand for electricity in the U.S. is projected to potentially double over the next five years due to increased demand from electric vehicles and artificial intelligence[186].

Company Overview - InnSuites Hospitality Trust (IHT) is scheduled to hold its Fiscal 2024 Annual Meeting of Shareholders on August 14, 2024, at its corporate offices in Phoenix, Arizona [1] - The company has filed its Fiscal 2024 Proxy on July 3, 2024, and the Annual Report on July 9, 2024 [6] Financial Performance - IHT hotel operations have shown strong performance in the current 2025 Fiscal Year, with record results from both the Tucson Hotel and Albuquerque Hotel for the 2024 Fiscal Year to date [2] - Hospitality revenues for the first five months of Fiscal 2025 have reached all-time record levels, alongside ten consecutive profitable quarters of Consolidated Net Income [3] Dividend Information - On July 9, 2024, IHT announced a semi-annual dividend of $0.01 per share, continuing a 54-year history of uninterrupted annual dividends [9] Strategic Initiatives - The company is progressing with its investment in UniGen Power, Inc., which focuses on high-risk, high-reward clean energy innovations [10] - IHT holds stock, convertible bonds, and warrants in UniGen, potentially leading to a 20% ownership stake upon full conversion/exercise [10]