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IHT DECLARES 56TH CONSECUTIVE ANNUAL DIVIDEND AS HOTEL REVENUES SURGE
Globenewswire· 2026-01-21 22:27
Phoenix, AZ, Jan. 21, 2026 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) On January 12, 2026, the Board of Trustees of InnSuites Hospitality Trust (NYSE Am: IHT), announced a semi-annual dividend of $0.01 per share payable on February 9, 2026, to shareholders of record as of January 27, 2026, extending an uninterrupted continuous 56-year history of annual dividends. InnSuites Hotel operations continue to remain strong, with a combined revenue total in December for the two hotels of $5 ...
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]