IHT Q1 HOTEL REVENUES EXCEED $2.2 MILLION; IBC MANAGEMENT OBTAINED

Core Insights - InnSuites Hospitality Trust (IHT) reported strong hotel revenue results, surpassing $2 million in the First Fiscal Quarter of 2026, with total revenue approximately $2.2 million [1][2] - The company has shown positive net income, with consolidated net income before non-cash depreciation at $221,330 and total consolidated net income at $39,030 for the same quarter [2] - IHT's hotel operations have been robust, contributing to a solid start in the current fiscal year, with combined hotel revenue for May reaching $632,584 and total hotel revenue for the first four months of Fiscal Year 2026 at $2,838,347 [3] Financial Performance - IHT's hotel revenue for the First Fiscal Quarter of 2026 was approximately $2.2 million, continuing a trend of strong performance [1] - The consolidated net income before non-cash depreciation was $221,330, while total consolidated net income was $39,030 [2] - The company has maintained profitability in three of the last four fiscal years, despite significant non-cash depreciation expenses [9] Investment Opportunities - IHT has diversified its investments, notably in UniGen Power, Inc., which focuses on clean energy generation, with potential ownership stakes of 15-20% if convertible bonds and warrants are fully exercised [4] - UniGen is currently raising capital, and IHT may participate in this round, indicating a high-risk but potentially high-return investment opportunity [5] - The management company for IHT has taken over the management of InnDependent Boutique Collection (IBC Hotels, LLC), presenting another diversification opportunity for future growth [5][8] Strategic Initiatives - IHT recognized a need for hotel services for independent hotels and founded IBC Hotels, LLC in 2014 to address this gap, which was sold in 2018 but has since been reacquired for revitalization [6][8] - The new management aims to capitalize on the unfulfilled demand for independent hotel reservations and services, which could enhance IHT's market position [8] - IHT's management believes that the real estate held is undervalued compared to current market values, contributing to a positive outlook for the company's future [9] Dividend History - Fiscal Year 2026 marks the continuation of IHT's uninterrupted annual dividends for 55 years since its initial NYSE listing in 1971, with semi-annual dividends paid in February 2025 and anticipated in August 2025 [10]