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IHT FISCAL FIRST THREE QUARTER HOTEL REVENUES EXCEED $5.8 MILLION; IBC DIVERSIFICATION GAINS MOMENTUM
Globenewswire· 2025-12-15 22:29
Phoenix, AZ, Dec. 15, 2025 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) reported Hotel Revenue results surpassing $5.8 million once again in the First Three Fiscal Quarters of 2026, (February 1, 2025, to October 31, 2025), with Total Revenue of approximately $5,809,673. Consolidated Net Income before the non-cash expense of depreciation and the non-cash Best Western Rewards Guest Vouchers expense, was approximately break-even at (-48,000), for the 2026 First Fiscal Three Quarters end ...
IHT DECLARES 55TH CONSECUTIVE ANNUAL DIVIDEND; ANNUAL PROXY FILED
Globenewswire· 2025-07-14 21:27
Core Viewpoint - InnSuites Hospitality Trust (IHT) continues to demonstrate strong performance in its hotel operations and diversification investments, maintaining a long history of dividend payments and achieving record revenues in the current fiscal year [1][2][5]. Group 1: Dividend and Financial Performance - The Board of Trustees of IHT announced a semi-annual dividend of $0.01 per share, payable on August 7, 2025, marking 55 years of uninterrupted annual dividends [1]. - IHT's hotel operations have shown solid performance in the 2026 Fiscal Year, with record revenue results from both the Tucson Hotel and Albuquerque Hotel [2]. - Hospitality revenues for the first five months of the 2026 Fiscal Year reached all-time record levels, contributing to profitability in three of the last four fiscal years [5]. Group 2: Investments and Future Outlook - IHT has made a diversification investment in UniGen Power, Inc., which is developing efficient clean energy generation technology, with IHT potentially holding a 15-20% ownership stake upon full conversion of its investments [4]. - The prototype design engineering for UniGen's UPI 1000TA engine is 61% complete, with ongoing efforts to secure additional financing [4]. - The company believes that its real estate holdings are valued significantly below current market value, indicating a positive outlook for future growth [5]. Group 3: Shareholder Meeting - The Fiscal 2025 Annual Meeting of Shareholders is scheduled for August 14, 2025, at IHT's corporate offices, with shareholders of record as of July 3, 2025, entitled to vote [3].