Workflow
Diversification Investment
icon
Search documents
IHT FISCAL FIRST THREE QUARTER HOTEL REVENUES EXCEED $5.8 MILLION; IBC DIVERSIFICATION GAINS MOMENTUM
Globenewswire· 2025-12-15 22:29
Core Insights - InnSuites Hospitality Trust (IHT) reported hotel revenue exceeding $5.8 million for the first three fiscal quarters of 2026, with total revenue approximately $5,809,673 [1] - The consolidated net income before non-cash expenses was approximately break-even at -$48,000 for the same period [2] - IHT's hotel operations showed strong performance in the 2025 fiscal year, contributing to a solid revenue total of $6,309,673 for the first ten months of fiscal year 2026 [3] Financial Performance - Hotel revenue for the first three fiscal quarters of 2026 was over $5.8 million, indicating consistent performance [1] - The combined hotel revenue for November was approximately $550,000, marking the second highest for that month [3] - IHT has maintained profitability in three of the last four fiscal years, despite significant non-cash expenses [10] Management and Strategic Developments - RRF LLLP, the management company for IHT, has taken over management of InnDependent Boutique Collection (IBC Hotels), presenting a new diversification opportunity [4][7] - IHT recognized a need for hotel services for independent hotels and founded IBC Hotels, LLC in 2014 to address this gap [5] - The management company has a five-year option to purchase IBC Hotels, which could provide valuable opportunities for IHT [7] Investment and Diversification - IHT made a diversification investment in UniGen Power, Inc., focusing on clean energy generation, with potential for significant returns [8] - The demand for electricity is projected to double over the next five years, driven by data centers and electric vehicles [8] - IHT holds convertible bonds and warrants in UniGen, which could lead to a 15-20% ownership stake if fully exercised [9] Shareholder Engagement - IHT has extended its uninterrupted annual dividends to 55 years, with successful semi-annual dividends paid in 2025 [11] - The annual shareholder meeting saw over 95% approval for all ballot measures, including the re-election of board members [11]
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].