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IHT DECLARES 56TH CONSECUTIVE ANNUAL DIVIDEND AS HOTEL REVENUES SURGE
Globenewswire· 2026-01-21 22:27
Core Viewpoint - InnSuites Hospitality Trust announced a semi-annual dividend of $0.01 per share, continuing a 56-year history of uninterrupted annual dividends, while reporting strong hotel operations and projected record revenues for the fiscal year 2026 [1][2]. Group 1: Dividend Announcement - The Board of Trustees declared a semi-annual dividend of $0.01 per share, payable on February 9, 2026, to shareholders of record as of January 27, 2026 [1]. - This announcement marks the continuation of a 56-year history of uninterrupted annual dividends [1]. Group 2: Financial Performance - The combined revenue for the two hotels in December 2025 was reported at $536,399 [1]. - Total revenues for the fiscal year 2026, ending January 31, 2026, are anticipated to exceed $7.54 million [2]. Group 3: Diversification Efforts - The company is making positive strides in its IBC Hotels diversification project and the UniGen diversified efficient clean energy investment [2]. - InnSuites Hospitality Trust is exploring additional potential diversification investment opportunities [2].
IHT FISCAL FIRST HALF HOTEL REVENUES EXCEED $4 MILLION; IBC DIVERSIFICATION CONTINUES REVITALIZATION
Globenewswire· 2025-09-12 21:29
Core Insights - InnSuites Hospitality Trust (IHT) reported strong hotel revenue results exceeding $4 million in the first half of fiscal year 2026, with total revenue approximately $4,004,635 [1] - The company has recognized a consolidated net income of approximately $75,000 for the same period, excluding non-cash expenses [2] - IHT's hotel operations showed a solid performance in fiscal year 2025, contributing to a strong start in fiscal year 2026, with combined hotel revenue for August reaching a record of $547,571 [3] Financial Performance - Total hotel revenue for the first seven months of fiscal year 2026 amounted to $4,552,206, indicating positive growth despite a generally flat travel industry [3] - IHT has maintained profitability in three of the last four fiscal years, even after accounting for significant non-cash depreciation and expenses related to guest vouchers [10] - The company has extended its uninterrupted annual dividends to 55 years, with semi-annual dividends paid in February and August 2025 [11] 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 founded IBC Hotels, LLC in 2014 to address the unfulfilled need for hotel services for independent hotels, which represent half of the global hotel market [5] - The company has made a diversification investment in UniGen Power, Inc., focusing on clean energy generation, with potential for significant returns as electricity demand is projected to double in the next five years [8][9] Shareholder Engagement - The annual shareholder meeting held on August 14, 2025, was successful, with over 95% approval for all ballot measures, including the re-election of board members [11]