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]
IHT Q2 HOTEL RECORD REVENUES CONTINUE