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IHT DECLARES 54TH CONSECUTIVE ANNUAL DIVIDEND; ANNUAL PROXY FILED
IHTInnSuites Hospitality Trust(IHT) GlobeNewswire News Room·2024-07-12 10:25

Core Insights - InnSuites Hospitality Trust (IHT) is experiencing strong performance in its hotel operations, with record results reported for both the Tucson Hotel and Albuquerque Hotel in the current fiscal year [1][3] - The company has achieved all-time record hospitality revenues in the first five months of the 2025 fiscal year and has completed ten consecutive profitable quarters of consolidated net income [3] - IHT's management believes that the real estate held is undervalued compared to current market values, and the diversification into UniGen presents high profit potential despite its associated risks [3] Financial Performance - IHT announced a semi-annual dividend of $0.01 per share, continuing a 54-year history of uninterrupted annual dividends [6] - The company filed its Fiscal 2024 Proxy and Annual Report in July 2024, indicating ongoing transparency and communication with shareholders [7] Diversification Strategy - IHT has invested in UniGen Power, Inc., focusing on clean energy generation innovations, which could lead to a significant ownership stake of approximately 20% upon full conversion of its investments [8] - UniGen's prototype design engineering for its UPI 1000TA engine is substantially complete, and the company is currently seeking additional financing [8]